Annaly Capital Management, Inc. Promotes Ilker Ertas to Chief Investment Officer

 

Ilker Ertas

NEW YORK, NY --(BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the “Company”) has promoted Ilker Ertas to Chief Investment Officer effective immediately.

He will continue to report to David L. Finkelstein, Annaly’s Chief Executive Officer and a member of the Company’s Board of Directors, who previously held the role of Chief Investment Officer since 2016.

As Chief Investment Officer, Ertas will be responsible for overseeing all of Annaly’s investment strategies including capital allocation, growth initiatives and overall portfolio operations. He will continue to serve as a member of Annaly’s Operating Committee.

David L. Finkelstein, Chief Executive Officer, commented: "...I’ve worked with Ilker for over two decades and I am confident in his ability to manage our investment strategies and deliver a strong return for our shareholders.”

Ertas received a B.S. in Industrial Engineering from Bogazici University in Istanbul, Turkey and a M.B.A. from the Yale School of Management.

CONTACT:

Annaly Capital Management, Inc.

Investor Relations

1-888-8Annaly

investor@annaly.com

Source: Annaly Capital Management, Inc

JLL Capital Markets arranges $64.4 million sale of the 99-unit Eighteen Ten State Street apartments in the Little Italy neighborhood of San Diego, CA

Darcy Miramontes

 

 SAN DIEGO, CA, Dec. 14, 2021 – JLL Capital Markets has closed the $64.4 million sale of Eighteen Ten State Street, a Class A, mid-rise multi-housing property located in San Diego’s premier neighborhood, Little Italy.

 JLL worked on behalf of the seller, McMillin, LLC.

Kip Malo

 With a price per unit of $650,500, the eight-story community features units with luxury wood-plank style flooring, floor-to-ceiling windows, bay and city skyline views, nine-foot ceiling, walk-in closets, in-unit laundry, quartz countertops stainless steel appliances and average floor-plan sizes of 721 square feet.

Community amenities include a village patio, a sky spa, a hotel-inspired lobby and a horizon lounge.

 Located at 1810 State St., the community is proximate to Little Italy’s Mercato, the brand-new Waterfront Park and over 85 dining options.

Timothy (Tim) Wright 

Along with its location offering a Walk Score® of 98, the community is also less than one mile from I-5, Pacific Highway, CA-163, the Trolley Green Line and Blue Line and Santa Fe Depot, as well as only three miles from I-15.

 In addition, San Diego International Airport is two miles from the property. Residents also have access to top employers within defense, healthcare, higher-education, life sciences and technology sectors due to the connectivity to Sorrento Mesa, UTC, Kearny Mesa, Mission Valley and downtown San Diego.

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Director Darcy Miramontes, Director Kip Malo, Senior Managing Director Tim Wright and Associate Bharat Madan.

Bharat Madan

“JLL is proud to have closed the sale of Eighteen Ten State Street on behalf of McMillin,” said Miramontes.

“With the strength of the San Diego market and Little Italy’s clear path for rent growth, the new owners have the opportunity to benefit from a stable, cash-flowing asset within this highly sought-after neighborhood.”

 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 and advisory, debt advisory, equity advisory or a recapitalization.

 Eighteen Ten State Street, 1810 State Street,
 is proximate to Little Italy’s Mercato,
the brand-new Waterfront Park
 and over 85 dining options.

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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

CONTACT:

Jenna Sharp

JLL

M +1 214 394 3356

JLL.com