Tuesday, September 21, 2021

Freddie Mac, Bellwether and Comunidad Launch Innovative Tenant Advancement Commitment Multifamily Financing Program

 

Deborah (Debby) Jenkins

WASHINGTON, DC. Sept. 21, 2021 – Comunidad Partners (Comunidad) has secured a $300 million financing commitment through Bellwether Enterprise (Bellwether) and Freddie Mac that supports the creation or preservation of affordable workforce housing throughout the United States.

 The unique initiative is backed by Freddie Mac’s Tenant Advancement Commitment, which offers competitive financing to operators who agree to maintain or enhance affordability for the duration of the loan purchased by Freddie Mac at properties that do not have regulatory rent restrictions.


Oaks at Holcomb Bridge,
a 304-unit garden-style apartment
 complex in Roswell, GA

Freddie Mac has already purchased $86 million dollars in loans originated by Bellwether on behalf of Comunidad through its lending facility.


Bellwether funded and Freddie Mac purchased the first two loans under the Tenant Advancement Commitment earlier this year: Oaks at Holcomb Bridge in Roswell, GA and Metro 7000 in Fort Worth, TX.


 “Freddie Mac’s Tenant Advancement Commitment is preserving affordable rents and providing essential social services that benefit entire communities,” said Deborah (Debby) Jenkins, executive vice president and head of Multifamily for Freddie Mac.


Metro 7000, a 206-unit garden-style apartment
community in Fort Worth, TX

 

 “Comunidad and Bellwether are pioneers in this effort, and we are so proud to have found an innovative financing structure that will accelerate their efforts in alignment with our new Multifamily Equity initiative to advance tenant interest.”

 

As part of the arrangement, Comunidad is also providing social services at each of the properties financed to support resident health and wellness, youth and adult education, and economic advancement.


Antonio Marquez

 

“The need to create and preserve affordability in housing while simultaneously integrating environmental, social and governance (ESG) principles into our communities at scale was the thrust behind crafting this innovative capital markets product in partnership with Freddie Mac,” said Antonio Marquez, managing partner at Comunidad.

 

“We anticipate this new social impact financing commitment will pave the way for thousands of workforce / affordable units to remain affordable, with the added benefit of improved social impact outcomes for our residents in the years ahead.”



Anthony Tarter
 

Anthony Tarter, who structured the arrangement as executive vice president and director of Workforce Housing and Social Impact for Bellwether, said, “Preserving naturally occurring affordable housing for the missing middle class of America and facilitating social impact services for tenants has always been a goal of mine.

 

"Antonio Marquez of Comunidad and Freddie Mac are committed to this mission and together, our efforts will result in the preservation of thousands of multifamily units across numerous states.”


Rachel Deitemeyer, Principal and Finance Director


 Comunidad is a women- and minority-owned real estate investment firm that specializes in workforce and affordable housing in culturally diverse neighborhoods.

 

The company specializes in revitalizing affordable and workforce apartments in infill locations and implementing its specialized cultural management platform, which includes cultural upgrades, community investment initiatives, and ESG / social impact programs.

 

 Comunidad has invested in more than 40 communities throughout the country, totaling more than 11,000 workforce and affordable housing units, and plans to continue to expand its portfolio across the Sun Belt regions.


 CONTACT:

Katie Haga 

khaga@brower-group.com

Home - Comunidad Partners

FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.


CHMWarnick Names Mark VanStekelenburg Senior Vice-President

Mark VanStekelenburg
  

BOSTON, MA, Sept. 21, 2021—Officials of CHMWarnick, the leading provider of hotel asset management and owner advisory services, today announced that Mark VanStekelenburg has been named senior vice-president.

In his new role, he will serve as a senior member of CHMWarnick’s hospitality advisory team, supporting clients with strategic investment decisions ranging from hotel acquisition, development and repositioning strategies to brand/management selection and capital planning, among others.

Chad Crandell

Chad Crandell, CHMWarnick managing director/CEO, explained that as the hospitality industry continues dealing with the effects of the pandemic, the company has experienced growing demand for strategic investment advice from clients.

“Our ability to draw on real-time insights gleaned from our asset management platform in combination with 25 years’ experience makes our team uniquely qualified to navigate the current environment across all phases of hotel investment. 

"As a highly experienced consultant, Mark immediately strengthens CHMWarnick’s team as we continue to provide the full complement of advisory services to the hospitality ownership community.  His addition also enhances our New York presence.”

      Prior to joining CHMWarnick, VanStekelenburg was executive vice-president of Northeast and MidAtlantic regions for CBRE (formerly PKF Consulting). 

For more information, please contact 978.522.7002 or visit www.CHMWarnick.com.  For the latest company news, follow CHMWarnick on Twitter @CHMWarnick and LinkedIn.

  

 CONTACT:

CHRIS DALY

PRESIDENT

DG Public Relations, LLC

42806 Oatyer Court

Broadlands, Va. 20148

Main: 703-435-6293

Mobile: 703-864-5553

 chris@dalygray.com | www.dalygray.com


Kate Lyle Promoted to Director, Industrial Cold & Food at Ware Malcomb's Irvine, CA office

 Kate Lyle
 

 IRVINE, CA, Sept. 21, 2021 – Ware Malcomb, an award-winning international design firm, today announced Kate Lyle has been promoted to Director, Industrial Cold & Food in the firm’s Irvine, California headquarters office.

In this role, Lyle leads the growth of Ware Malcomb’s Industrial Cold & Food Studio across North America.

A licensed architect in the state of California with over 16 years of experience, Lyle specializes in complex project types, including cold storage, food processing and manufacturing.

Other project types she is well versed in include industrial, office, retail and government. 


Greg Spon

“Kate has brought great momentum to Ware Malcomb and is a demonstrated thought leader in the cold building industry, on both the regional and national level,” said Greg Spon, Director, Architecture of Ware Malcomb’s Irvine office.

“We look forward to her continued contributions, especially as the industrial cold and food sector continues to grow across the country.” 

Lyle joined Ware Malcomb in 2019 as Senior Project Architect and was promoted to Studio Manager, Industrial Cold & Food in 2020. 

CONTACTS:

Rachel Devany

VP Public Relations

KCOMM for Ware Malcomb

Rachel@kcomm.com 


Maria Rodgers, Public Relations Manager, 949.660.9128, mrodgers@waremalcomb.com

 Maureen Bissonnette, Associate Principal, Marketing, 949.660.9128

 mbissonnette@waremalcomb.com

http://waremalcomb.com/news  youtube.com/waremalcomb

 

Hold Thyssen Team Completes Lease Agreements with National Tenants at Two SW Orlando Office Buildings


Vik Mahadeo 
ORLANDO, FL -- Hold Thyssen, Inc., a full service commercial property firm based in Winter Park , recently completed three lease agreements with national firms opening southwest Orlando offices.

 The Hold-Thyssen leasing team of Vik Mahadeo and Troy Stephens brokered two new lease transactions on behalf of  Prive Sandlake LLC, the landlord at Sand Lake Tech Center , 2411-2415 W. Sand Lake Rd.

  Cornerstone Apparel, Inc. d/b/a Papaya Clothing leased 1,333 square feet for a local business office.  The trendy fashions retailer with locations nationwide focuses on the junior and petite markets.

Troy Stephens
 PI Consulting Services, Inc., a construction engineering consulting firm working on Central Florida DOT projects, leased 904 square feet. 

At 8325 SouthPark Circle , Stephens represented Sublessee Partners Personnel, a nationwide staffing company, in a sublease agreement for 2,436 square feet. The University of Phoenix, Inc. is Sublessor and the Landlord of SouthPark Circle is Drake Pacer Southpark 700 Acquisition LLC.

 Hold Thyssen, Inc. provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States .

CONTACTS:

Anthony Fisher, Vice President, Hold Thyssen Inc.,

407-691-0505, afisher@holdthyssen.com

 

Robert P. Hold, Principal, Hold Thyssen, Inc.,

407-691-0505, bhold@holdthyssen.com

 

Beth Payan, Larry Vershel Communications Inc.

407-644-4142 Lvershelco@aol.com