Birmingham-based OG Capital Acquires Multifamily Real Estate Community in Gulf Shores , AL

 

 

       BIRMINGHAM, AL – OG Capital, a Birmingham-based multifamily real estate investment firm, has acquired Marbella Luxury Apartments, a 96-unit luxury apartment community situated on 4.77 acres at 1910 E. First St. in Gulf Shores . 

Marbella Apartments, a 96-unit
 luxury apartment community situated on
4.77 acres at 1910 East First Street, Gulf Shores, AL 

OG Marbella, LLC, an affiliate of OG Capital purchased the property from Marbella Gulf Shores , LLC for $15 Million.   Troy Wilson and Frank Malone of Bellator Real Estate & Development brokered the transaction, which was financed by ServisFirst Bank. 

Frank Malone

Marbella features 99,600 square feet of rentable space comprised of 96 one- and two-bedroom residences. 

OG Capital will enhance the community’s clubhouse and pool areas and install washers and dryers in each unit.  

 

Additional changes aimed at increasing lifestyle value to the community, including grill stations and outdoor gathering spaces, are also planned. OG Capital hired The Mitchell Company of Mobile led by Chris Sylvester to manage the community.

Jordan Weaver

“We are thrilled to acquire Marbella Luxury Apartments, the only multifamily property constructed in Gulf Shores south of the Intra-Coastal Waterway in over 20 years,” said Jordan Weaver of OG Capital.  The acquisition marks the firm’s fourth property purchase in 2021.

The community is walkable to Gulf Shores Elementary School , a Rouse’s Market and is less than two miles to the beach. 

 

“We look forward to serving our residents through high-quality service and first-class amenities,” said Weaver, adding “ Gulf Shores is a strong market that will continue to become more desirable.”

OG Capital has previously made significant investment in the Gulf Shores market, including Fairhope Commons also in Baldwin County . 

 

Since 2007 OG Capital 

David Oakley

has built a track record of successfully investing incommunities throughout the southeast. 

 

 In addition to its latest acquisition of Marbella , the firm has holdings in various markets spanning from Chattanooga , Tennessee to South Alabama .

 

 OG is headquartered in Birmingham , Alabama and was founded in 2007 by David Oakley.

CONTACT:  

 

David Oakley, OG Capital,

205-913-4632,or  David.Oakley@og.capital

Beth Payan, Larry Vershel Communications Inc.

407-461-3781 (direct) or Beth@LarryVershel.com

JLL expands Washington, D.C. multi-housing capital markets team

 

Bill Gribbin

WASHINGTON, DC – JLL Capital Markets announced Bill Gribbin has joined the firm as a Director in the company’s Washington, D.C. office. Bill joins the existing team led by Walter Coker, Brian Crivella and Robert Jenkins and will focus on multi-housing investment sales advisory and equity placement transactions in the Greater Washington, D.C. area.

 Mr. Gribbin has more than seven years of commercial real estate and multi-housing experience and most recently worked as a Director at MAC Realty Advisors, LLC.

Walter Coker

Prior to that, he worked as an analyst at Sheridan Property Company, LLC, evaluating planned and stabilized boutique multi-housing assets within Washington, DC.

He holds a Master of Professional Studies in Real Estate Finance from Georgetown University and a Bachelor of Arts degree from University of Maryland, where he also played Division I Lacrosse.

“Multi-housing has been one of the strongest performing asset classes throughout the pandemic and we are really excited to add Bill to our growing team in D.C.” said Andrew Weir, Senior Managing Director and co-head of JLL’s Capital Markets team in Washington, D.C.

“Bill brings with him an extensive background in property analysis and great relationships with local multi-housing and land owners, which will be a value add for our current and future clients in the region.”

Brian Crivella 

 JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

 The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization.

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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

 About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. 

Robert Jenkins

JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. 

JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. 

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. 

 

 Andrew Weir

CONTACT:

Kristen Murphy

Senior Manager

 Public Relations

 Investor Services

JLL

One Post Office Square, Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

 jll.com

 

 

Stan Johnson Co. Arranges Portfolio Sale of 12 Single-Tenant Retail Properties to MCB Real Estate and Blue Vista Capital Management for $28.5 Million

Melissa McKenzie

TULSA, OK -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a 12-property portfolio of single-tenant retail buildings located across 10 states. 

                                    Maggie Holmes

The 187,884-square-foot portfolio included properties ranging from 4,000 square feet to 26,000 square feet and included five distinct tenant brands in the aftermarket auto parts, eye care and pet supply sectors, among others.

 Zach Harris

Stan Johnson Company’s Zach Harris, Jeff Hughes and Melissa McKenzie represented the seller, a Midwest-based private family office. 

A joint venture between affiliates of MCB Real Estate, a Maryland-based real estate investment firm, and Blue Vista Capital Management, a Chicago-based real estate investment manager, purchased the portfolio for approximately $28.5 million. 

Mike Sladich and Maggie Holmes of Stan Johnson Company represented the buyer. The cap rate was not disclosed.

Jeff Hughes

“This net lease portfolio consisted of a strong diversification of name-brand essential retail tenant credits which was quite attractive to the buyer,” said Harris, Director in Stan Johnson Company’s Tulsa, Oklahoma headquarters. 

“We continue to see particularly robust investor demand for these diversified single-tenant retail portfolios featuring established locations and strong credit tenants.”

Mike Sladich 

In recent months, Harris brokered the $68.4 million sale of a 27-property portfolio of single-tenant retail buildings across 18 states that also received strong interest from investors.

About Stan Johnson Co.

                Stan JohnsonCo. is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. 

To learn more about Stan Johnson Company, please visit: www.stanjohnsonco.com.

CONTACT:

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”