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| Grace Huebscher |
BETHESDA, MD – Beech Street Capital, LLC, and Multi Housing
Advisors, LLC (MHA) announced they have joined forces to provide multifamily
investors with a competitive edge in their quest to successfully acquire
apartment properties in tight Southeastern markets.
Through the alliance, Beech Street Capital’s clients gain
direct access to local broker intelligence, and MHA’s clients gain direct
access to capital markets, providing a more efficient transaction process.
“With the level of
competition for attractive properties at record levels, there is a real need
among investors for a single source of authoritative market, product, and
capital intelligence,” says Marc Robinson, a managing partner of MHA in the firm’s Charlotte, N.C.,
office. “This agreement between Beech
Street and MHA meets that need perfectly.”
The objective of the
agreement goes beyond intelligence and insight, however. The goal is to help investors use that
intelligence to identify desirable properties and, more importantly, to provide
the well-integrated transactional and financial support investors need to seize
these opportunities quickly.
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| Marc Robinson |
“Investors will be
able to explore their financial options with the Beech Street team at the same
time they are analyzing the variety of transactions that MHA generates to meet
their requirements,” notes Grace Huebscher, president and CEO of Beech
Street Capital.
“As a result, when they find an apartment investment
opportunity, they’ll be ideally positioned to bring potential acquisitions to
closure more rapidly and with greater certainty by working with Beech Street to
provide the best possible financial terms.”
MHA and Beech Street Capital bring complementary strengths
to the table, yet as Chad Thomas Hagwood, Beech Street’s Executive Vice
President for Originations, points out, the two firms share a common culture
and common advantages.
“Our two companies are both dedicated to going above and
beyond for our customers — and share a commitment to responsiveness, speed, and
efficiency,” Hagwood says.
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| Chad Thomas Hagwood |
Hagwood notes that
fully integrated, full-service platforms are now becoming more common, but adds
that the alliance between Beech Street and MHA represents an optimal
alternative for investors interested in the Southeast because the two firms are
so nimble and entrepreneurial-minded.
Founded in 2002, MHA was established to bring a focused
brokerage platform to growing markets throughout the Southeast.
Since that time
the company has developed a national client base and achieved a total sales
volume of more than $2.6 billion, involving more than 80,000 units and more
than 500 individual transactions throughout the Southeast and Texas.
“The
direct access to capital markets that Beech Street offers, as well as their
intelligence and insight, will enable our clients to make more informed
buy/sell/hold decisions and will position them to navigate the complex markets
more efficiently,” Robinson says.
With a national footprint of 10 offices around the country,
including five in the Southeast and Texas, Beech Street provided $4.0 billion
in multifamily financing in 2012, achieving a 100 percent annual growth rate
for the last two years.
The lender draws on its extensive relationships with
Fannie Mae, Freddie Mac, FHA, and alternative funding sources, as well as its
highly experienced staff, to achieve certainty of execution for its customers.
“Our agreement with MHA provides our clients with a direct line to promising
investment opportunities throughout the Southeast, thanks to MHA’s expert
knowledge of local markets, its extensive research, and analytics,” Huebscher
says. “At the same time, it positions both of our firms for additional growth
in the Southeast, where each firm has become a force in multifamily
transactions.”
Courtney Lewis
240-507-1948