ALDI Tops Trader Joe’s and Whole Foods in New Home Flipping and Rental Returns Analysis

IRVINE, CA -- A new ATTOM Data analysis shows that prospective homebuyers are better off buying near a Trader Joe’s than a Whole Foods or an ALDI — although homes near Whole Foods have seen home price appreciation more closely on par with those near Trader Joe’s possibly thanks to the Amazon acquisition of the high-end grocery chain.

But for real estate investors looking for the best home flipping or rental returns, targeting neighborhoods around the discount German-owned grocer ALDI is the best strategy, according to the analysis.

Here are the details:

·         Homeowners near a Trader Joe’s have seen an average 5-year home price appreciation of 67 percent, compared to 52 percent appreciation for homeowners near a Whole Foods and 51 percent near an ALDI.

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o   Average appreciation for all zip codes with these grocery stores nationwide is 54 percent.

 ·         Homeowners near a Trader Joe’s also have added equity, owning an average 36 percent equity in their homes ($232,439), while homeowners near Whole Foods had an average of 31 percent equity ($187,925) and homeowners near ALDI had average 18 percent equity ($46,352).

o   The average equity for all zip codes with these grocery stores nationwide is 24 percent.

·         Flip the tables and properties near an ALDI are an investor’s golden goose with an average gross flipping ROI of 69 percent, compared to properties near a Whole Foods which had an average gross flipping ROI of 41 percent and Trader Joe’s at 36 percent.

o   The average gross flipping ROI for all zip codes with these grocery stores nationwide is 57 percent.

·         Not to mention properties near an ALDI had an average gross rental yield of 10 percent, compared to properties near a Whole Foods with an average gross rental yield of 6 percent and Trader Joe’s at 5 percent.

·     The average flipping ROI for all zip codes with these grocery stores nationwide is 8 percent.

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

jennifer.vonpohlmann@attomdata.com

National Retail Properties Declares Dividends for its 5.70% Series E Preferred and 5.20% Series F Preferred Stocks

Kevin Habicht

Orlando, FL, Aug. 15, 2017 - The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a cash dividend on its 5.70% Series E Cumulative Redeemable Preferred Stock of 35.625 cents per depositary share payable September 15, 2017, to shareholders of record on August 31, 2017.

The Board also declared a cash dividend on its 5.20% Series F Cumulative Redeemable Preferred Stock of 32.5 cents per depositary share payable September 15, 2017, to shareholders of record on August 31, 2017.

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases.   As of June 30, 2017, the company owned 2,675 properties in 48 states with a gross leasable area of approximately 28.1 million square feet with a weighted average remaining lease term of 11.5 years.

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

Kevin B. Habicht

Chief Financial Officer

(407) 265-7348

www.nnnreit.com

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The Dow Hotel Company Completes $10 Million Renovation of Embassy Suites by Hilton Hotel Chicago O’Hare Airport - Rosemont

  

Murray L. Dow II

  

CHICAGO, IL and SEATTLE, WA —Officials of The Dow Hotel Company (DHC), a leading national hotel owner/investor and operator, announced the completion of the $10 million renovation of the Embassy Suites by Hilton Chicago O’Hare Airport – Rosemont. 

The renovation focused on all aspects of the hotel, including guest rooms, public spaces and back-of-house areas.

“With the conclusion of this top-to-bottom renovation, the hotel has achieved ‘like-new’ status, making it competitive with any product on the market,” said Murray L. Dow II, founder and president, DHC.

 “In the last 19 years, DHC has overseen 20 renovations of similar scope.  The property is positioned to provide experiential travel to upscale business and leisure guests who want something more than the ‘typical’ big-box stay.”

 Embassy Suites by Hilton Chicago O’Hare Airport – Rosemont. 

The renovation enhanced virtually all aspects of the hotel.  Guest rooms received fresh soft goods, upholstered furniture and artwork.  All guest baths gained new tiling, while some were converted to stand-up showers.

 Public spaces were completely redone, including alterations to the atrium, pool, fitness center, lobby, elevators and employee locker rooms.  The business center was upgraded to Embassy Suites by Hilton’s Connectivity Zone with modern furniture. 

The two executive boardrooms received new tables, wood work, refrigerators and televisions.  Exterior hotel improvements range from building enhancements to completely redone landscaping.

“The Embassy Suites by Hilton Chicago O’Hare Airport – Rosemont has 18,000 square feet of flexible meeting and event space, including a 5,100-square-foot ballroom that can accommodate up to 350 guests,” Dow added.  “This gives it some of the largest combined meeting space of any Embassy Suites product in the Midwest.”

Allstate Arena, Chicago, IL

Located across from the Donald E. Stephens Convention and Conference Center, the eight-story hotel is a five-minute drive from Chicago O’Hare International Airport and fifteen minutes from downtown Chicago.  

Guests can enjoy nearby MB Financial Park at Rosemont, a new entertainment complex featuring many restaurants, bowling, a movie theater, a seasonal outdoor ice rink and much more. Additional local attractions include the Allstate Arena, which is home of the Chicago Wolves hockey team, the Rosemont Theater and Rivers Casino.

Hotel amenities include twenty-two conference rooms with connecting suites, a seven-story garden atrium, fully-equipped fitness center, indoor pool and complimentary shuttle service to and from O’Hare Airport.  Each of the hotel’s newly renovated, two-room suites features a private bedroom and a separate, well-equipped living room. The living area includes a full-sized sofa bed, work station and ergonomic chair.

In addition to the numerous dining options in the immediate area, guests and locals can enjoy delicious Italian and Mediterranean-inspired cuisine in a casual atmosphere for lunch and dinner in Basil’s Kitchen.  Guests also can enjoy a libation while watching flat screen televisions in Basil’s Bar. 

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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

patrick@dalygray.com

www.dalygray.com

or

Chris Daly

Phone: (703) 435-6293

sonia@dalygray.com

            

www.dowhotelco.com

Stepp Commercial Completes $4.9 Million Sale of 20-Unit Apartment Property in Long Beach, CA

 

Robert Stepp

Long Beach, CA, Aug 15, 2017 - Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.9 million sale of East Fifth Street Apartments, a 20-unit apartment property located near the Retro Row and Belmont Heights submarkets in Long Beach, Calif.

Principal Robert Stepp of Stepp Commercial represented the seller, an Orange County-based private investor, as well as the buyer, a private investor from Los Angeles. The property closed at a 4.2 percent cap rate and a price per unit of $245,000.

Built in 1961, the two-story property is located at 3025 East 5th Street and includes 10 two-bedroom units and 10 one-bedroom units. Some of the interiors feature hardwood flooring and upgraded kitchens with granite countertops and stainless steel appliances.

"By adding value to the units that have not already been updated, the buyer stands to secure a 25 percent rental upside," said Stepp. "Long Beach is a prime market to add value to apartment properties as it has no rent control, unlike to many other Los Angeles area cities."

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

Darcie Giacchetto

D.G. Communications, Inc.

949.278.6224

http://steppcommercial.com

HFF announces sale of dual-branded downtown Austin, TX hotel

  

Hotel Indigo Austin Downtown,  Austin, TX

John Bourret

DALLAS, TX, Aug. 15, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces the closing of the sale of the Hotel Indigo Austin Downtown – University and Holiday Inn Express Austin Downtown University, a 305-room, dual-branded hotel located in downtown Austin, Texas.

The HFF team marketed the property on behalf of the seller, Journeyman Group.  Nimes Real Estate purchased the property unencumbered of an existing management agreement.

Completed in 2016, the hotel comprises the 134-room, full-service Hotel Indigo Austin Downtown – University and the 171-room, select-service Holiday Inn Express Austin Downtown University.

 Shared amenities include a large outdoor pool, pool bar and lounge and five levels of underground parking.  The Hotel Indigo houses the Red River Tavern, 2,830 square feet of meeting space, with the Holiday Inn Express featuring a fitness center, business center, a 310-square-foot meeting room and complimentary breakfast. 

Austin Brooks

Situated on .81 acres at 805 Neches Street and 810 Red River Street, the hotel is in Austin’s Red River Cultural District at the corner of Red River and 9th Streets.  

The hotel is within five blocks of the University of Texas at Austin, Texas State Capital, medical district, Sixth Street entertainment district and the Austin Convention Center.

The HFF investment sales team representing the seller included managing director John Bourret and director Austin Brooks.

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.

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

Olivia Hennessey

Public Relations Specialist

HFF | 9 Greenway Plaza, Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | hfflp.com

ohennessey@hfflp.com

http://journeymangroup.com/.

http://www.nimescapital.com/real-estate.html.

HFF announces sale of Three-property medical office portfolio in Dallas-Fort Worth and Austin, TX

  

 

Part of IRA Capital's Medical Office Portfolio in Dallas-Fort Worth and Austin, TX Areas

 

Evan Kovac

 SAN DIEGO, CA – Aug. 15, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of a three-property, Class A medical office portfolio totaling 137,686 square feet in Dallas-Fort Worth and Austin, Texas.

The HFF team marketed the property on behalf of the seller, IRA Capital, LLC, and procured the buyer, a publicly traded healthcare REIT.

The portfolio comprises The Center for Cancer & Blood Disorders and Baylor Health Center at Magnolia Greens in Dallas-Fort Worth and Cedar Park Medical Center in Austin. 

The fully leased buildings boast a mix of best-in-class local, regional and national tenants backed by major health systems and top-rated healthcare providers such as Baylor Scott & White Health, Surgical Care Affiliates and The Center for Cancer & Blood Disorders. 

Services offered within the portfolio include cancer treatment, radiation oncology, medical oncology, cyberknife, orthopedic surgery, gastrointestinal endoscopy procedures, pain and spine treatments, primary care and family medicine.

The HFF investment sales team included managing director Evan Kovac, director Andrew Milne and senior associate Trent Jemmett along with managing director Todd Savage and senior director Kelsey Roop as the local advisors. 

Andrew Milne

Efforts were supported by HFF’s national medical office building team comprising managing director Phil Mahler, senior director Ben Appel, director Anthony Frogameni and analyst Wesley Hightower.  Senior managing director Kevin MacKenzie and senior director John Chun also supported the process with debt and equity placement guidance.

“The portfolio represented the rare opportunity to acquire institutional-quality core medical office buildings leased long-term to several of the most highly respected tenants in the industry,” Kovac said.  “The new owner has the ability to build a long-term relationship with these established tenants as they continue to expand their footprints within two of the nation’s top real estate markets.”

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

Olivia Hennessey

Public Relations Specialist

HFF | 9 Greenway Plaza, Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | hfflp.com

ohennessey@hfflp.com

www.iracapital.com.