Anantara Vacation Club Enters Dubai

Maurizio Bisicky

12 January 2017- Anantara Vacation Club, Asia's leading luxury shared ownership concept for discerning travellers, has announced that its Club Developer entity has secured access to luxury apartment units at Anantara The Palm Dubai Resort for its Club Points Owners to enjoy.

“With this first step, we will be able to meet our Club Points Owners’ growing demand for inventory in the Middle East” said Maurizio Bisicky, Chief Commercial Officer. Plans for a larger Anantara Vacation Club presence in the booming metropolis are under way and contingent on the release of a timeshare law.

The region generates over USD 121 billion in tourism revenue per year, attracting travellers from around the globe with its unique culture and exotic charm.

 With over 12 million tourists having visited Dubai in 2016, the city has firmly positioned itself as the most popular holiday destination in the Middle East and one ripe with potential for the shared holiday ownership industry.

Dubai, Middle East

Set on an archipelago of man-made islands on Dubai’s scenic coastline, Anantara The Palm Dubai Resort offers a truly indulgent urban escape. 

Characterized by traditional Thai architecture in a distinctly Arabic setting, the resort provides the unmistakable five-star hospitality that the Anantara brand has come to be known for.

 Guests can enjoy easy access to the city’s many highlights – including the Mall of the Emirates, Dubai Marina and the Palm Jumeirah – or indulge in a relaxing holiday by the turquoise waters and beach on-site.

The apartment suites secured by the Club Developer within Anantara The Palm Dubai Resort will be available to all Club Points Owners for stays starting from 1 February 2017. Bookings will be accepted for the remainder of 2017 for the time being.

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

Hwee Peng Yeo, Glodow Nead Communications

hweepeng@glodownead.com

+65 (0) 9768 6087

Richard Arnitz Joins Megatel Capital Investment as President

Richard Arnitz

 DALLAS, TX – Megatel Capital Investment, the capital markets division of Megatel Homes, announced that Richard Arnitz, a 30-year veteran of the financial services industry, has joined the company as president.

“Richard’s experience in real estate investment and capital raising will serve us well as we expand our capital markets division,” said Zach Ipour, co-founder and co-president of Megatel Homes and Megatel Capital Investment.

 “We are fortunate to welcome an accomplished professional of Rich’s caliber to our team. He will oversee strategic sales, service and marketing of Megatel Capital Investment to help grow overall sales and build out our platform of products.”   

 Arnitz has helped raise in excess of $17 billion in both public and private securities offerings during the course of his career. Prior to joining Megatel Capital Investment, he was executive director with Realty Capital Securities, president and chief executive officer of Grubb & Ellis Capital Corporation and president of Cole Capital Markets.

Prior to Cole, he worked extensively on both the broker-dealer and product manufacturing sides of American International Group.

Brothers Aaron and Zach Ipour

Arnitz earned his bachelor’s degree in finance from Arizona State University. He currently holds FINRA Series 7, Series 24 and Series 63 licenses.*

*Arnitz currently holds his licenses with Emerson Equity LLC, a FINRA-registered broker-dealer and member FINRA/SIPC. Emerson Equity is the managing broker-dealer for Megatel offerings, but is not affiliated.

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

Jill Swartz

Spotlight Marketing Communications

949.427.5172, ext. 701

jill@spotlightmarcom.com

Bull Realty Sells $4.7 Million Retail Portfolio

  

 

Nancy Miller

ATLANTA (January 16, 2017) — Bull Realty brokered the sale of a $4.7 million Family Dollar portfolio of three single tenant net lease locations, two in Georgia and one in Alabama. 

The properties, all built in 2015, each have 15-year triple net leases with 6 five-year options. The transaction closed on January 9, 2017 for $4,695,855 at a 6.5% cap rate. 

Two of the three properties were exclusively listed by Nancy Miller, President of the National Net Lease Investment Group at Bull Realty. 

These Family Dollars locations were in Albany, GA and Montgomery, AL. A third location in Warner Robbins, GA was an off-market location.

In the current environment, brokers are challenged with of a limited supply of quality net lease properties.  However, because of her developer relationships, Miller was able to identify the third property from a seasoned Family Dollar developer to complete the portfolio.

“We are fortunate to have great relationships with developers so we are able to find on and off market opportunities for buyer needs and we are very ‘broker-friendly’ too,” said Miller.

The Albany location sold for $1,528,209. The Montgomery location sold for $1,589,123. And the Warner Robbins location sold for $1,578,523. These transactions were part of a 1031 exchange completed by a Savannah buyer, represented by Sperry Van Ness.

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

Nancy Miller at 404-876-1640, x 118 or email: NMiller@BullRealty.com.

Chatham Lodging Appoints Bill Brewer to Board of Trustees

  

Bill Brewer

WEST PALM BEACH, FL — Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 133 hotels wholly or through joint ventures, announced the appointment of Bill Brewer to the company's board of trustees, effective immediately.

 Mr. Brewer will serve as an independent director and chair the audit committee. He replaces Glen Gilbert who passed away.

"Glen was a valued member of our board of trustees since our 2010 IPO, and we are grateful to him for his outstanding service and commitment to Chatham Lodging Trust,” said Jeffrey H. Fisher, Chatham’s chief executive officer. 

Mr. Brewer is executive vice president, chief financial officer and treasurer of Education Realty Trust (NYSE: EDR), one of America's largest owners, developers and managers of student housing real estate.

Before joining EdR, he served as executive vice president and chief financial officer for Sedgwick Claims Management Services, Inc., the leading provider of technology-enabled claims and productivity management solutions.

Jeffrey H. Fisher

Mr. Brewer began and spent the majority of his career at PricewaterhouseCoopers where he rose to partner with a client base focused on public and private real estate investment trusts, primarily in lodging.

“Bill brings tremendous REIT experience given his current role at EdR and his involvement servicing many of the hotel REITs throughout his career at PwC dating back to the 1990’s when many of the initial lodging REITs became publicly traded.

"We are confident that Bill’s financial expertise will contribute greatly to our board and management team,” Fisher emphasized.

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

Patrick Daly

Office Manager

Daly Gray Public Relations Inc.

620 Herndon Parkway, Suite 115 | Herndon, VA 20170

Main: 703-435-6293

Mobile: 703-300-8289

www.chathamlodgingtrust.com.

Passco Companies Brings Total Acquisition Volume in 2016 to $540 Million with 240-Unit Charleston, SC Property

Woodfield South Point Apartments, West Ashley Submarket, Chareston, SC

Larry Sullivan

                CHARLESTON, SC – Passco Companies has acquired Woodfield South Point, a 2009-built, 240-unit institutional quality multifamily community in the West Ashley submarket of Charleston, South Carolina for $38.5 million.

This is the firm’s final acquisition in 2016, bringing Passco’s total acquisition volume for the year to more than $540 million, according to Larry Sullivan, President of Passco Companies.

            “We have been extremely active in the market nationwide, and we anticipate an even stronger stream of acquisitions in 2017,” says Sullivan. 

            Passco aims to acquire $1 billion in assets in 2017, according to Sullivan, who notes that this acquisition in Charleston is reflective of the assets Passco targets.

            “The acquisition of Woodfield South Point, which we plan to rebrand as 1000 West, is demonstrative of the exceptionally high quality assets we continue to acquire in growing markets across the country,” he says.

            Colin Gillis, Vice President of Southeast Acquisitions at Passco Companies, explains that multifamily product in economically diverse markets with strong demand drivers, such as Charleston will remain a focus for the firm in the New Year.

            “West Ashley is quickly becoming one of Charleston’s most desirable suburbs, and is positioned for long-term economic growth,” says Gillis. “The area’s population has increased by more than 50% over the last five years.

“Centrally located near some of the region’s strongest employment hubs, West Ashley consistently demonstrates high quality demographics. For example, the average annual household income within a one mile radius of 1000 West is over $90,000 a year.”

Colin Gillis

Further, Charleston is one of the fastest-growing mid-size metros for aircraft manufacturing and an emerging hub for international aerospace, aviation, automotive and tech industries, according to Gillis. 

The city also boasts prominent medical campuses and educational facilities, which account for more than 20,000 jobs. The Medical University of South Carolina is consistently ranked the #1 hospital in all of South Carolina. 

Aside from being a major hub for these important industries, Charleston is without a doubt one of the most charming cities in the United States and consistently wins top accolades from publications like Condé Nast Traveler and Travel and Leisure, who have ranked Charleston as the number one city in the country and in the world. 

“Impressive distinctions from renowned publications are a true testament to what a special place Charleston is,” says Gillis. “The city often attracts population growth based solely on its reputation of being a great place to live. We know that Charleston will always be Charleston and that we have made an excellent long-term investment decision.”

The property is located at 1000 Bonieta Harrold Drive in Charleston, South Carolina. Kevin Kempf and Phil Brosseau of CBRE represented the seller, Arsenal Real Estate Funds, in the transaction. Chris Black of KeyBank Real Estate Capital’s Commercial Mortgage Group arranged acquisition financing for Passco Companies through Fannie Mae.

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

Lauren Burgos

Account Coordinator

Brower, Miller & Cole

895 Dove Street, Third Floor

Newport Beach, CA 92660

p: (949) 955-7940

lburgos@browermillercole.com