Next Wave Espands Utah footprint with acquisition of four multifamily communiities totaling 114 units in Ogden MSA

Jordan Fisher

 OGDEN, UTAH and ROY, Utah  – Next Wave Investors, LLC (“Next Wave”) a private equity firm focused on value-add multifamily investments, has acquired a portfolio of four multifamily properties totaling 114 units in the Ogden-Clearfield metropolitan statistical area of Utah.

 Next Wave has been active in the greater Salt Lake City market for several years and has identified the Ogden-Clearfield MSA as a key submarket demonstrating high-growth fundamentals that are well aligned with the firm’s investment strategy, according to Jordan Fisher, Principal at Next Wave.

 “The Ogden MSA has emerged as a top-performing Salt Lake City submarket that is seeing year-over-year rent growth of more than 13% and occupancy rates of over 98%, creating a high demand for quality multifamily units,” says Fisher, citing recent Yardi Matrix reports.

Ogden, UT business district

 “Located approximately 45 minutes north of Salt Lake City, the area’s positioning as a peaceful suburban location with rich local amenities on the cusp of a major city will continue to attract those seeking a more space and small-town feel within close proximity to employment hubs.”

 Fisher notes that the four properties, which were all built between 1970 and 2000, present a strong opportunity for Next Wave to implement its value-add multifamily strategy to modernize the communities and enhance the overall image and curb appeal.

CONTACTS:

Arleeny Escarcega / Elisabeth Manville

The Smart Agency, Inc.

(949) 438-6262

aescarcega@thesmartagency.com  

NexMetro Opens First Single Family Rental Neighborhood in Central Florida

 

Linda Coburn

 

Phoenix, AZ -- NexMetro Communities, a pioneer developer of luxury leased home neighborhoods, announced the opening of its first Florida community, Avilla Suncoast, a 152-home neighborhood in Odessa.  

 

Avilla Suncoast brings NexMetro’s in-demand single family, built-to-rent neighborhood concept to Tampa, offering a unique alternative to traditional rentals.

 

“Demand for single-family rental homes remains incredibly strong as consumers seek this unique lifestyle experience that combines the best of a single-story detached home and mortgage-free, maintenance-free leased living,” said Linda Coburn, NexMetro’s Vice President of Asset Management.

 

Coburn adds,  “The opening of Avilla Suncoast and our expansion into Central Florida validates the tremendous appeal of this hybrid housing offering to diverse consumers in all stages of life.” 

 

The intimate 13-acre neighborhood offers the benefits of a purpose-built new home gated community with single level, detached homes for lease with resort-inspired amenities.

 

The interior elements are best-in-class and provide the luxury of an individual home with private entrances and backyards, high ceilings, open floor plans and outdoor patios.

 

The pet-friendly community also boasts a spacious, resort-style pool, spa, dog park, grilling stations, green space, fire pit and gathering areas. 

 

 

CONTACT:

Heather Austin

PR for NexMetro and Avilla Homes

602-738-9252 cell

Ware Malcomb Promotes Amanda Sanabria to Studio Manager, Advanced Manufacturing in Vaughan, Ontario, Canada

 

 

Amanda Sanabria 

VAUGHAN, Ontario, Canada – Ware Malcomb, an award-winning international design firm, announced Amanda Sanabria has been promoted to Studio Manager, Advanced Manufacturing in the firm’s Vaughan, Ontario office. 

Sanabria has more than 20 years of architectural experience, including significant experience leading industrial, retail, multifamily and data center projects from programming and design through completion.

She has helped build the Advanced Manufacturing team in the Canada market, designed several multistory facilities, and been instrumental in delivering large-scale facilities for e-commerce and distribution clients.

Frank Di Roma

She joined Ware Malcomb in 2019 as a Project Architect.

“Amanda is a trusted leader and she has significantly helped grow our Advanced Manufacturing group,” said Frank Di Roma, Principal for Ware Malcomb.

“We appreciate her strong ability to connect with clients, consultants, and her fellow team members, and we congratulate her on this well-deserved promotion.”

Sanabria holds both a Bachelor of Science in Architecture and a Master of Architecture from McGill University, as well as architectural licenses from the Ontario Association of Architects and the Order of Architects of Quebec. She is LEED BD +C and PMP certified. 

 

CONTACTS:

 

Rachel Reenders

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

 

 

Zeiss Optics Firm Opens Second Florida Office

Andy McCaw

ORLANDO, FL – Andy McCaw, FMA, Vice President, Tenant Representation at NAI Realvest, recently represented Carl Zeiss, Inc., in their lease of a new office space at University Corporate Center II, 11486 Corporate Boulevard, Suite 100, Orlando, FL with 4,299 SF. 

 ZEISS is an internationally leading technology company operating in the optics and optoelectronics industries.  This is their second location in Florida.

 The landlord, CPO UCC, LLC, was represented by Paul Reynolds and Kevin Will with Foundry Commercial.

CONTACTS:

 Andrew McCaw, Vice President, Tenant Representation, NAI Realvest

 407-875-9989, amccaw@realvest.com

Patrick Mahoney, President/CEO, NAI Realvest, 

407-875-9989 pmahoney@realvest.com

 Yelena Gurtovenko, ygurtovenko@realvest.com

 

STREAM Capital Partners serves as the exclusive real estate advisor to Amerant Bancorp for the $135 Million Sale Leaseback of its corporate headquarters in Coral Gables, FL

 

Sasha Dominguez

CHICAGO, IL –– STREAM Capital Partners, the leading national net lease and sale leaseback advisory group, served as the exclusive real estate advisor to Amerant Bancorp Inc (NASDAQ: AMTB), (the “Company” or “Amerant”) for the $135 million sale leaseback of its corporate headquarters property in Coral Gables, FL.

Jerry Plush

 The subject property, a 177,000 square foot Class A office building and attached indoor parking facility with 400 spaces, is located at 220 Alhambra Place in Coral Gables, FL.  At the time of the sale, it was over 90% occupied by multiple tenants, with Amerant Bank as the master tenant. 

Jonathan Wolfe

Amerant is leasing back the property for a period of 18 years from the time of closing.  The buyer was an institutional buyer.

“The current market conditions, combined with the terms of the leaseback agreement, make this a very positive move for the Company both in the near and long term,” said Jerry Plush, vice chairman & CEO of Amerant.

Jordan Shtulman 

“We previously stated that one of our goals was to reduce the level of fixed assets on our balance sheet, and this transaction is a significant step towards achieving that."

Plush added, “We fully intend to maintain our corporate headquarters in the city of Coral Gables and continue to support the surrounding community for many years to come."

Jonathan Wolfe, Jordan Shtulman and Sasha Dominguez of STREAM Capital Partners represented Amerant in the transaction. 

Dominguez noted that "the South Florida real estate market is attracting capital from across the globe.  We expect to see many more companies in South Florida looking to sell and lease back their corporate-owned real estate as the valuations are extremely attractive today."

 

CONTACTS:

 

Danielle Florina, Vice President STREAM Capital Partners, LLC 630.284.9198 danielle@stream-cp.com   www.stream-cp.com.

Brooke Burgoni, Vice President STREAM Capital Partners, LLC 630.770.2367 brooke@stream-cp.com