Arbor Funds $109.3 Million Fannie Mae Loans in California

  

 Stephen York 

UNIONDALE, NY  – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, funded 11 Fannie Mae loans throughout the state of California. The multifamily properties received $109.3M in financing.

 Stephen York of Arbor’s New York City office originated the loans.

 “Our client was looking to unlock trapped equity in a number of properties and redeploy that capital into a number of acquisitions,” York said.

 “We were pleased to provide the borrower with very attractive financing terms across the portfolio and partner with Fannie Mae on multiple product lines.” 

 Boulder Springs Apartments, Fresno, CA 

 Boulder Springs Apartments in Fresno received $17.6M in acquisition funding through the Fannie Mae Streamlined Rate Lock (SRL) program in Q2 2020. The 176-unit property was built in 1986 and features basketball and tennis courts, a fitness center, spa and pool. It is in close proximity to Forestiere Underground Gardens.

Shadow Ridge Apartments in Bakersfield received $16.5M in refinancing through the Fannie Mae Small Loan Streamlined Rate Lock (SRL) program in Q3 2019. The 204-unit complex was built in 1990 and includes spacious one-, two- and three-bedroom floorplans. The pet-friendly property features basketball and tennis courts, and a recreational play area for children.

 Shadow Ridge Apartments, Bakersfield, CA

 Mountainview Villas in Santa Rosa received $15.1M in refinancing in through the Fannie Mae Streamlined Rate Lock (SRL) program in Q2 2020. Built in 2000, the 78-unit garden-style complex includes one-, two-, and three-bedroom floorplans. The property, with its spectacular mountain views, features a gated pool, fitness center and spa. Local parks and shopping are nearby.

Mountainview Villas, Santa Rosa, CA

Park West Townhomes,  in Petaluma received $14M in refinancing through the Fannie Mae Streamlined Rate Lock (SRL) program in Q2 2020. Built in 1972, the 71-unit garden property is pet-friendly and minutes away from the Theatre District.

Summerset Village Apartments in Fresno received $9.3M in acquisition funding through the Fannie Mae DUS® program in Q1 2020. Built in 1965, the garden-style multifamily property is made up of 211 one- and two-bedroom units. Fresno City College is a little more than a mile away.

Maple Grove apartments, Fresno, CA

 Garden East Apartments in Modesto received $9.2M in acquisition funding through the Fannie Mae DUS® program in Q2 2020. Built in 1976, the 92-unit remodeled complex includes hardwood floors, walk-in closets and large bedrooms. The gated community features a swimming pool and club house. It is conveniently located with shopping nearby.

 Maple Grove in Fresno received $9.2M in acquisition funding through the Fannie Mae DUS® Green Rewards program in Q4 2019. Built in 1990, the 120-unit multifamily complex includes one-, two- and three-bedroom apartments, with spacious living areas, central air-conditioning and private patios. It is in close proximity to retail shopping and Fresno Pacific University.

Highland Oaks Apartments, Bakersfield, CA

 Churn Creek Village Apartments in Redding received $5.2M in acquisition funding through the Fannie Mae Small Loan program in Q3 2019. The 93-unit complex is made up of one-, two- and three-bedroom floorplans and features patios, balconies and hardwood floors. Retail shopping and restaurants are nearby.

 Highland Oaks Apartments in Bakersfield received $4.9M in refinancing through the Fannie Mae Small Loan Streamlined Rate Lock (SRL) program in Q1 2020. The 64-unit pet-friendly complex was built in 1978 and features hardwood floors, carpeting and granite kitchen countertops. It is a short distance from the Buena Vista Museum of Natural History.

Ming Garden Apartments in Bakersfield received $4.9M in refinancing through the Fannie Mae Small Loan Streamlined Rate Lock (SRL) program in Q3 2019. The 72-unit complex was built in 1983 and includes granite countertops, hardwood floors and walk-in closets. The property features a pool, spa and hot tub, and is a short distance from California State University, Bakersfield. 

 The Sunset Apartments in Bakersfield received $3.4M in refinancing through the Fannie Mae Small Loan Streamlined Rate Lock (SRL) program in Q3 2019. The 58-unit property was built in 1978 and is comprised of studio, one- and two-bedroom floorplans. The single-level complex features large aisle kitchens, walk-in closets and a swimming pool. It is close proximity to the Buena Vista Museum of Natural History.  

 CONTACT:

Bina Handa

Tel: 516.506.4229

bhanda@arbor.com

Arbor Realty Trust, Inc.

333 Earle Ovington Blvd, Suite 900

Uniondale, NY 11553

800.ARBOR.10

arbor.com

Financing secured for Intermodal Commerce Park industrial development in Haslet, TX

Rendering of planned  1.4 million SF Intermodal Commerce Park in Haslet, TX

DALLAS, TX – JLL announced it has arranged equity and construction financing and will lead leasing efforts for Intermodal Commerce Park, a to-be-built, Class A+ industrial project comprising three buildings totaling 1.4 million square feet in the Dallas-Fort Worth area community of Haslet, Texas. 

Dustin Volz

JLL worked on behalf of Gruene Real Estate Partners and Weber & Co. to arrange the joint venture equity partnership with a private real estate fund advised by Crow Holdings Capital and placed the five-year construction loan with First United Bank on behalf of the developer.

Additionally, JLL was selected to lead the marketing and leasing effort for the master-planned development. Construction is set to be completed in July 2021.

 Intermodal Commerce Park will be constructed on a land site located at the southern end of Intermodal Drive, which connects the 82-acre site to the nearby BNFS intermodal facility in Alliance, the nation’s largest inland port.

 John Rose

The development site is approximately one mile east of Interstate 35W and at the southern end of the Alliance Airport, an auxiliary cargo-handling, destination-relieving DFW Airport. 

The location allows easy access to the Texas Triangle, the area between DFW, Houston and San Antonio, allowing tenants to reach more than 25 million people in a matter of hours.

 Intermodal Commerce Park will consist of one front-load and two cross-dock buildings that feature between 32- and 40-foot clear heights, deep truck courts, 186 dock doors, 10 ramp doors, 313 trailer stalls and ample car parking.

“With its formation, the Weber-Gruene Joint Venture will operate as one cohesive unit,” said Ken Kristofek, Owner and President, Gruene Interests, LLC. 

“We will function seamlessly, bringing together a diverse set of capabilities to the development process and enhance an already rich history of service and quality in Dallas-Fort Worth.”

Stephen Bailey 

 The JLL Capital Markets team representing the developer was led by Dustin Volz, John Rose, Stephen Bailey and Wells Waller.

The JLL Leasing team includes Managing Director George Curry, Executive Vice President Jamie Galati and Vice President Blake Rogers.

 The need for warehouse space across the country has increased due to the COVID-19 pandemic and resulting shelter-in-place orders, accelerating e-commerce growth. 

JLL expects e-commerce sales could hit $1.5 trillion by 2025, which would increase the demand for industrial real estate an additional one billion square feet.

For more news, videos and research resources on JLL, please visit our newsroom.

Wells Waller

About the Weber & Company and Gruene Real Estate Partners Joint Venture

The Weber-Gruene Joint Venture (“JV”) was formed to develop institutional grade industrial warehouse projects in the DFW Metroplex and the state of Texas. 

The JV consists of Weber & Company and Gruene Real Estate Partners. 

Since 1990, John Weber, Sr. and Weber & Company has successfully developed over 40 shopping centers in DFW totaling over 14 million square feet. 

Ken Kristofek founded Gruene Real Estate Partners after leaving the corporate world with over 30 years of corporate real estate development experience.

George Curry

 During his career, Ken has personally developed and been responsible for over 3.5 million square feet and thousands of acres of development in multiple product types. 

His development experience includes industrial warehouse, industrial warehouse parks, tilt-wall office, mid-rise office, retail, multifamily and large mixed-use land projects.

About Crow Holdings Capital

Crow Holding Capital is the real estate investment management company of Crow Holdings.

Jamie Galati 

 Led by a highly experienced team, Crow Holdings Capital manages $10.5 billion of real estate assets through its series of nine flagship value-add funds invested across property types in the Unites States, as well as its specialized fund strategies for retail, self-storage and multifamily. 

Crow Holdings is a privately owned real estate investment and development firm with a 70-year history and a strong track record of performance, partnership and innovation. 

About First United Bank

Established in 1900, First United has more than 85 bank, mortgage and insurance locations throughout Oklahoma and Texas.

Blake Rogers

 It is one of the largest, well-capitalized banking organizations in the Southwest with assets of more than $8 billion, and it is among the largest privately held community banking organizations in the U.S. 

First United provides a full range of financial services including banking, mortgage, insurance, and investment products and services, and is dedicated to inspiring and empowering others to Spend Life Wisely®. 

About the Weber & Company and Gruene Real Estate Partners Joint Venture

The Weber-Gruene Joint Venture (“JV”) was formed to develop institutional grade industrial warehouse projects in the DFW Metroplex and the state of Texas. 

The JV consists of Weber & Company and Gruene Real Estate Partners. Since 1990, John Weber, Sr. and Weber & Company has successfully developed over 40 shopping centers in DFW totaling over 14 million square feet.

John Weber, Sr.

Ken Kristofek founded Gruene Real Estate Partners after leaving the corporate world with over 30 years of corporate real estate development experience. 

During his career, Ken has personally developed and been responsible for over 3.5 million square feet and thousands of acres of development in multiple product types. 

His development experience includes industrial warehouse, industrial warehouse parks, tilt-wall office, mid-rise office, retail, multifamily and large mixed-use land projects.

 


CONTACT:

Kimberly Steele

Senior Associate, Public Relations

JLL Capital Markets

9 Greenway Plaza, Suite 700

Houston, TX  77046

T +1 713 852 3420

M +1 832 244 9994

Kimberly.Steele@am.jll.com

us.jll.com/capitalmarkets

jll.com.

firstunitedbank.com.

Spend Life Wisely®.

crowholdings.com/chc.

crowholdings.com/chc.

KW Property Management & Consulting Recognized as one of America’s Fastest-Growing Private Companies in Inc. Magazine’s Annual Inc. 5000 List for Second Consecutive Year

Robert White (left) and Paul Kaplan

MIAMI, FL – The incredible growth and entrepreneurial success of KW Property Management & Consulting, one of the residential property management industry’s premier companies, continues to garner significant awards and recognitions regionally and nationally.

For the second consecutive year, KWPMC was featured on Inc. magazine’s annual Inc. 5000 list, a ranking of the nation’s fastest-growing private companies. The company is No. 4,106 on the 2020 list.

The 2020 Inc. 5000 rankings are based on percentage revenue growth when comparing 2016 and 2019. KWPMC earned its spot with three-year revenue growth of more than 84 percent.

KWPMC was also recognized in the inaugural Inc. 5000 Series list of the fastest-growing private companies in Florida. 

The company was No. 227 on that list, which is based on two-year revenue growth between 2016 and 2018.

Company co-founders Paul Kaplan and Robert White started KWPMC in 2004 and built it into an industry powerhouse, successfully competing against established companies that have been around for decades.

 KWPMC now has more than 1,750 employees and 90,000 units across 300 communities under management.  

In South Florida, KWPMC is set to be honored as one of the South Florida Business Journal’s 2020 “Fast 50” award recipients during a virtual ceremony on Aug. 26. This is the company’s second straight appearance on the Fast 50 list, which recognizes the fastest-growing private companies in the region.

CONTACTS:

Eric Kalis

954-370-8999

ekalis@boardroompr.com

 www.kwpmc.com

www.inc.com/inc5000.

 Daniel Benjamin

Senior Account Executive

 BoardroomPR

dbenjamin@boardroompr.com

O 954-370-8999

C 954-618-8287

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

Class A office building trades in heart of Orlando’s Baldwin Park for $6 million

 1925 Prospect Avenue office building, Orlando, FL

ORLANDO, FL – JLL announced it has closed the $5.9 million sale of 1925 Prospect Ave., a 20,604-square-foot Class A office building occupied by Cuhaci & Peterson Architects and Engineers in Orlando, Florida.

 JLL represented the seller, CDLP Properties LLC, a single-purpose entity comprising the former owners of the architecture and engineering firm that occupied the office building.

The building was sold to the entity Baldwin Oak, LLC. The selling of the property was the first step in the process of Cuhaci & Peterson Architects and Engineers consolidating its offices in Central Florida.

Darryl Hoffman

 One of the only 100% fee simple parcels in Baldwin Park, the two-floor office building with dedicated parking is in the heart of this highly sought-after, planned community in Orlando that features a true live-work-play environment.

The Baldwin Park neighborhood and its commercial offices continue to have a strong appeal to local and regional companies seeking to grow their footprint in Central Florida.

 JLL’s Executive Vice President Darryl Hoffman led the transaction on behalf of the seller.

 “While COVID-19 has undoubtedly affected Orlando’s office space market and the commercial real estate market abroad, this transaction is a prime example of local businesses persevering through adversity,” Hoffman said.

 “Not only does it show that demand for commercial office remains, it also demonstrates that local businesses can and will lead our region to a post-COVID-19 economy.”

  CONTACTS:

 Kimberly Steele, JLL Senior Associate, Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

Yudi Fernández, Schwartz Media Strategies

Phone: +1 305 725 8262

Email: yudi@schwartz-media.com

Michael Hicks, Schwartz Media Strategies

Phone: +1 786 261 1448

Email: michael@schwartz-media.com