Tuesday, February 18, 2014

Multi Housing Advisors Brokers $18.5 Million Sale of 240-Unit Apartment Community in Anderson, S.C.

Walden Oaks Apartments, Anderson, SC

Jordan McCarley

ANDERSON, S.C. (Feb. 18, 2014) — Multi Housing Advisors (MHA) has brokered the $18.5 million sale of Walden Oaks, a 240-unit apartment community in Anderson, S.C.

Jordan McCarley and Marc Robinson of MHA represented the seller, Hathaway Development Partners, and were the only brokers involved in the deal. Chartwell Holdings purchased the community, which was built in 2007.

“The Walden Oaks sale was highly competitive process and shows that the multifamily investment market remains very strong as we move in to 2014. 

“An attractive debt and equity environment combined with strong operating performance is resulting in significant investor demand for multi-family assets in the southeast,” McCarley said. “We anticipate investor activity and pricing to remain high in 2014 as lenders continue to re-enter the market.” 

Marc Robinson
 MHA has several other properties on the market in South Carolina: the 92-unit Springbrook in Anderson; a portfolio of 274 units in Spartanburg that includes the 98-unit Magnolia Townhomes and the 176-unit The Corners; and the 246-unit Century Forest in Greenville.

 MHA has targeted the Carolinas as markets for growth. In 2013, MHA expanded its Charlotte, N.C., office and intends to open additional offices in the South.

 MHA enjoys a total sales transaction volume that has surpassed $2.7 billion, representing more than 83,000 units and more than 500 individual transactions. MHA serves local, regional and national clients and has become known for its effective multi-office platform, excellent transaction history and rapid growth.

For a complete copy of the company’s news release, please contact:

Stephen Ursery
The Wilbert Group
404-549-7150 (O) 404-405-2354 (C)

For the Third Year Running, Beech Street Capital Ranks Among Fannie Mae’s Top Five DUS® Lenders

Grace Huebscher
BETHESDA, MD, Feb. 18, 2014  – Beech Street Capital posted a fourth year of solid growth and performed well in year-end rankings, despite Fannie Mae’s and Freddie Mac’s mandated 10 percent reduction in multifamily loan volume.  Beech Street ended the year with a portfolio of 913 loans totaling almost $10.9 billion.

 For the third year in a row, Beech Street Capital, a Capital One company, placed among the top five lenders in the country on Fannie Mae’s annual list of top multifamily loan originators.  Beech Street was the top producer for manufactured housing communities (MHC) in 2013.

 In the Freddie Mac’ rankings, Beech Street continued to move up, placing sixth in the agency’s list of top sellers nationwide for 2013.  The firm’s volume with Freddie rose 24 percent in 2013.  Beech Street’s results for the year also revealed its growing presence in FHA lending.  The company’s volume for 2013 was up 65 percent over 2012.

“The constant that drove our success with Fannie, Freddie and FHA this year, as it has in the past, is the value we place on relationships,” says Grace Huebscher, Beech Street’s president.

“We look for opportunities to build bridges to the agencies.  And with every transaction, we find ways to exceed the expectations of our borrowers.”

 Huebscher believes that the company’s agency relationships and its demonstrated commitment to going the extra mile for customers help to differentiate it from the competition, attract new business, and convert new clients into repeat customers.

Now as a Capital One company, Huebscher foresees expanding those relationships even further.  “We can now make other forms of financing available to our customers that complement our agency expertise,” she says.  “We’re very excited about what we have to offer.”

For a complete copy of the company’s news release, please contact:

Courtney Lewis at 240-507-1948
Jenifer Bernardi at 240-507-1946.

HFF secures $4.1 million refinancing for Bayshore Beach Villas in Long Beach, CA

Bayshore Beach Villas Apartments, Long Beach, CA

Charles W. Halladay
IRVINE, CA - HFF announced today that it has secured a $4.1 million refinancing for Bayshore Beach Villas, a 23-unit multi-housing community in Long Beach, California.

HFF worked on behalf of the borrower, Universe Holdings, to secure the seven-year, 4.34 percent, fixed-rate loan through Freddie Mac (Federal Home Loan Mortgage Corporation).  HFF will service the securitized loan through its Freddie Mac Program Plus® Seller/Servicer program. 

This is the 11th refinancing HFF has arranged for Universe through the agency lender in the last two years.  The properties refinanced are all located throughout Southern California and total 790 units and $73.6 million in financing.

Bayshore Beach Villas is a fully leased community with three two-story residential buildings.  Located at 40 Bay Shore Ave, the property is on the bay with spectacular views of Belmont Shore Beach, and is close to Seal Beach, Huntington Beach and the 605 and 405 Freeways.

The HFF debt placement team representing the borrower was led by director Charles Halladay.

Universe Holdings led by Henry Manoucheri, its Chairman and CEO is an experienced operator of  several thousand apartments, with more than 80 cumulative years of experience owning, managing, and renovating Class B multifamily properties in Southern California.

Henry Manoucherie

“We are very pleased with the consistent and professional execution of the HFF team,” stated Henry Manoucheri.  

“Our firm continues to return capital and exceptional steady returns to our private and institutional investors.  We look forward to acquiring more coastal value-add opportunities from San Diego to the Bay area.”
For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

Peoples Bank Expands Mortgage Presence to Florida

Matt Malloy
LAWRENCE, KS -- Peoples Bank, one of America’s premiere community banks, announces an expansion into Florida with the creation of their newest mortgage division, Integrity Home Loan.

 Longtime Florida Mortgage Banker Matt Malloy will serve as President of Integrity Home Loan and brings with him approximately 80 of Florida’s leading Mortgage Bankers.

“Our team is excited to partner with Peoples Bank” Says Malloy, “I believe our team of Mortgage Bankers is the strongest in the entire state.

“When you combine that with the ability to lend in all 50 states, their proven operating platform and product portfolio - it puts us in a position to continue outshining the competition.”

Matt has been successful in the mortgage industry for over 15 years. After serving in management roles, he founded Integrity Home Loan, Inc. in 2005.

“Matt has a tremendous reputation and a long record of success in the business.” Says Peoples Bank CEO Wint Winter, Jr., “His commitment to quality products and high-service is also shared by Peoples Bank, and we’re excited to be serving the state of Florida.”

Wint Winter Jr.
Integrity Home Loan is currently operating offices in Lake Mary, Tampa, West Palm Beach, and Coral Springs, FL.

Peoples Bank is a family-owned and operated Community Bank headquartered in Kansas.

 “We aren’t the biggest bank in the nation, but we strive to be the best.” Explains Winter “We are in that sweet spot - we’re small enough to care about every Guest and each Banker, but we’re big enough to ensure the resources needed to compete successfully.”

Established 1871, Peoples is a federally regulated, Member FDIC, and a Federal Reserve Bank.  It has been owned and operated by the Winter Family since 1974.  Peoples was named the 19th largest Mortgage Lender among depository institutions according to the Federal Reserve Bank.

 For a complete copy of the company’s news release, please contact:

Molly Winter,
 Director of Mortgage Marketing

Amata Office Centers Represented by Taylor Johnson

Frank Chalupa
CHICAGO, IL, Feb. 18, 2014 --Emily Johnson, president of Taylor Johnson announced today that Taylor Johnson now represents Amata Office Centers, the largest privately owned office suites provider in Chicago.

 For more than a decade, Amata has been connecting small, entrepreneurial businesses, as well as national and international companies looking to set up offices in Chicago, with the facilities and services they need to grow and succeed.

 With five state-of-the-art locations in downtown Chicago and a sixth slated to open this spring, Amata provides its clients with furnished office suites and workstations, as well as virtual office services for the home-based professional.

A licensed brokerage, Amata also helps clients find and secure a larger, more permanent home if they outgrow their space. Frank Chalupa is  President and Co-Founder of the company.

 Amata’s CEO and co-founder, Ron Bockstahler, and vice president, Roger Koeppen, stand out in the industry because of their passion for working directly with clients, analyzing their needs and finding solutions.

Ron Bockstahler
The energetic duo is knowledgeable on a variety of topics, including

·        Shared vs. traditional office space 
·        Virtual offices
·        Chicago’s downtown office market
·        Workplace and small business trends

Ron and Roger will also be able to provide insight on office solutions for new and growing companies, as well as law firms, which comprise nearly 40 percent of Amata’s business.

Additionally, they will be able to discuss the needs and preferences of national and international corporations looking to establish a presence in the Chicago area.
Key Facts:

Founded: 2002
Total employees: 26

Company Profile:

Amata Office Centers is a Chicago-based office space provider specializing in real and virtual offices and conference room rentals. Founded in 2002, Amata offers an array of full- and part-time office solutions to businesses of all sizes, including solo practitioners and startups, as well as large corporations looking to establish sales outposts in Chicago. With six state-of-the-art locations to choose from in the city’s central business district, all with easy access to public transportation, Amata offers flexible terms to allow businesses to change and grow as needed.

Roger Koeppen

 The company’s current centers include:

·         150 N. Michigan Avenue, Suite 800
 ·         150 N. Michigan Avenue, Suite 2800
 ·         180 N. LaSalle Street, Suite 3700
 ·         161 N. Clark Street, Suite 4700
 ·         225 W. Washington Street, Suite 2200
 ·         150 S. Wacker Drive, Suite 2400
Amata Services:

Furnished Offices:

Amata offers a variety of workspaces designed to meet each client’s needs. Through the company’s “aSpot2Work” program, customers can rent customizable workstations with access to a live phone receptionist and high-speed Internet. 

For added privacy, clients can also lease furnished offices of varying sizes through Amata’s “aSuiteOffice” program, available at all locations. In addition to mail service and discounted parking, all Amata tenants have access to spacious conference rooms, an on-site cafĂ© and Amata’s signature Cognac room, complete with complimentary cocktails. Amata’s “aLawCenter” locations at 180 N. LaSalle St. and 161 N. Clark St. cater to the company’s legal clients, offering private deposition rooms, paralegal support and docket services.

Emily Johnson
Virtual Offices:

The rise of mobile technology has changed the way companies do business, allowing employees to work from home, their local coffee shop or virtually anywhere they have access to an Internet connection. 

Through its customizable “aVirtualOffice” service, Amata offers customers a live phone receptionist, their own mailing address and monthly access to a private office or conference room in one of the company’s landmark buildings. 

Unlike many of its competitors, Amata does not display its name in lobbies or other common areas, allowing its tenants to take center stage.

If an Amata client has no need for office or conference space, Amata still can provide phone and mail services through its “aBusinessPhone” plans, all of which come with a live receptionist who answers calls with a greeting tailored to each client and routes them to the appropriate number so callers never know “aBusinessPhone” clients don’t have a physical office.

 For a complete copy of the company’s news release, please contact:

Kelly Shumaker at Taylor Johnson
(312) 267-4519 or

Charles Dunn Co. Completes $1.5 Million Sale of Multifamily Property in Los Angeles

1821 Overland Avenue Apartments, Santa Monica, CA

Ramin Gheitanchi

LOS ANGELES, CA, Feb. 18, 2014 – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $1.5 million sale of a fully occupied, four-unit multifamily property located at 1821 Overland Ave. near Santa Monica Blvd. in Los Angeles.

Ramin Gheitanchi of Charles Dunn Company represented buyer, 1821 JCE Overland, LLC.

The seller, a private investor, was represented by Daniel Tabon of Aveo Realty & Investments.

The property is centrally located near the 405 and 10 freeways, UCLA, Century City, Westwood Village, Westside Pavilion, and the Century City Mall.

“The buyer owns the apartment building next door and purchased this building for long-term development potential,” said Gheitanchi. “Prime Westside properties rarely come on the market and this was an opportunity to add an additional lot.”

   For a complete copy of the company’s news release, please contact:

Darcie Giacchetto
D.G. Communications, Inc.

George Smith Partners Secures $5.1 Million in Construction Financing for Class-A Multifamily Development in Las Vegas, NV

Rendering of planned Elysian in the District apartments, Las Vegas, NV

David Rifkind

LAS VEGAS, NV (Feb. 18, 2014) – Commercial real estate investment banking firm George Smith Partners has successfully arranged $51 million in construction financing for the development of Elysian at the District, a 360-unit Class-A multifamily community in Las Vegas, according to George Smith Partners’ Principal and Managing Director David Rifkind.

Rifkind was assisted by George Smith Partners’ Vice President Omer Ivanir.

The property will be developed by joint venture partners The Calida Group and Cypress Equity Investments.

“This project is positioned to be one of the highest quality, most amenity-rich and dynamic rental projects in Las Vegas,” says Rifkind.

“From a location standpoint, financing this project appeared to be a win-win,” Rifkind explains. “It is in a sought-after area and will be in close proximity to more than 15 restaurants, a movie theater, a grocery store, a library and a number of highly rated public schools.  While it would initially appear that it would be fairly easy to find a lender, we faced a challenge when it came to loan-per-unit development cost.”

Omer Ivanir
Rifkind notes that the proposed development’s exceptional location and Class-A quality resulted in a loan-per-unit cost that was much higher than other completed comps in the market.

“For lenders, many of which are already hesitant to lend in Las Vegas, this discrepancy in cost was a potential roadblock,” he says. 

To bypass that roadblock, the George Smith Partners team focused on the value and stability of the proposed project, as well as the considerable experience of the joint venture developers.

“The Calida Group and Cypress Equity Investments have a strong track record of developing quality product in the Las Vegas market, and we leveraged that success in order to identify the right lender for this deal,” says Rifkind.

Douglas Eisner, Co-Founder and Managing Director of The Calida Group explains, “When we bought the land for Elysian at the District, we knew it was a once-in-a-cycle opportunity, and we designed a project that honored the quality of the location.” Eisner added that “developing trophy assets in a recovering economy has its challenges.”

 For a complete copy of the company’s news release, please contact:

Corynne Randel/ Jenn Quader
Brower, Miller & Cole
(949) 955-7940

Kimberly Rousseau Joins Cooper Carry As Director of Interior Design

Kimberly Rousseau
ATLANTA, GA (Feb. 18, 2014) – Cooper Carry, an internationally recognized design firm, has hired Kimberly Rousseau as Director of Interior Design. Ms. Rousseau will lead the firm’s growing interior design group.

“Kim’s extensive background, long-standing client relationships and impressive project portfolio make her a wonderful addition to the interiors group at Cooper Carry,” said Kevin Cantley, CEO and president of Cooper Carry. 

“We look forward to leveraging her expertise as we continue to grow this important service within our firm.”

Kim has over 18 years of professional experience in interior design and project management, specializing in the design of commercial interiors. She maintains a position of continued involvement in projects from initial programming through project close out.

Long term clients include AIG, Sutherland, Asbill & Brennan, Newell Rubbermaid, McKinsey, Kids II, and Schiff Hardin.

Kevin Cantley
 Kim’s notable projects include the award winning corporate headquarters for Newell Rubbermaid, multiple college campuses in Saudi Arabia, special needs Camp Southern Ground, a mock courtroom for Sutherland, Asbill & Brennan, and an office/showroom for Kids II in Hong Kong, China.

Cooper Carry provides architecture, planning, landscape architecture, interior design, environmental graphic design and sustainability consulting services.

Founded in 1960, the firm specializes in the design of corporate, education, government, hospitality, mixed-use, office, residential, retail, science + technology, and transit projects.

For a complete copy of the company’s news release, please contact:

Media Contact
Hadley Creekmuir
The Wilbert Group
O: 404.343.4080
C:  404.556.0010