Wednesday, May 11, 2022

IEC Appoints Brendan Gibney to Director of Investments

 

Brendan Gibney

 Los Altos, CA, May 11, 2022 – Institutional fund manager and value-add investor Interstate Equities Corporation (IEC) has announced the appointment of Brendan Gibney to Director of Investments as part of the firm’s commitment to strategic, ongoing growth.   

 With the promotion, Gibney, who previously served as the IEC’s Vice President of Acquisitions, will further deepen his integral role and lead the firm’s acquisition activity, according to Marshall Boyd, Co-President and Chief Investment Officer of IEC. 

 “Brendan started at IEC six years ago as a Senior Associate and has since taken on greater responsibilities within the company," says Boyd.

 Marshall Boyd
 

 "As Director of Investments he will lead the investments team in cultivating opportunities that align with our strategy as a thoughtful fiduciary and member of our investment committee.

 “Brendan has shown a commitment to the firm, our culture and the mission of serving our investors. This is an exciting moment for both him and the firm.”  

 Prior to IEC, Gibney was at Partners Group based in their San Francisco office covering North American real estate.

 Previously, he was on the Investments Team at The JBG Companies (now JBG-Smith) where he acquired, sold and recapitalized properties across all asset classes.

 Gibney graduated from the University of Georgia with a B.B.A. in Management. 

CONTACTS: 

 
Anthea Davis / Lexi Astfalk  

The Smart Agency, Inc.  

(949) 438-6262  

andavis@thesmartagency.com   

RKW RESIDENTIAL Secures Four Hotel-to-Multifamily Assignments from Blaze Capital Partners

 

Marcie Williams

Charlotte, NC, May 11, 2022 - RKW Residential, one of the nation’s fastest-growing multifamily management firms, is expanding into the burgeoning hotel-to-multifamily conversion sector with the assignment of four such projects from developer Blaze Capital Partners.

  RKW is overseeing new Spoke-branded conversions in its home base of Charlotte and Georgia.

 


Hotel-to-multifamily conversions gained steam during the pandemic as an efficient and cost-effective way to address the housing affordability challenge. Blaze has been at the forefront of the trend.

 With intense demand for rental product in major metropolitan areas throughout the nation, such conversions are now considered a long-term solution.

“We are excited about this new partnership with Blaze, which is transforming former hotel properties into vibrant apartment communities,” RKW CEO Marcie Williams said. 

“We are bullish on the viability of hotel-to-multifamily conversions. These Spoke-branded projects in Charlotte and Georgia are already generating tremendous pre-leasing interest.”

 The four projects all involve the conversion of former extended-stay hotels.

 


In Charlotte, RKW is actively leasing the Spoke at McCullough Station and Spoke at Tyvola communities. Spoke at McCullough Station is a 124-unit community with studio apartments and one-bedrooms next to the University of North Carolina-Charlotte.

 The Spoke at Tyvola is the repositioning of a hotel as a 116-unit community with studio, one and two-bedroom apartments. It is located within the Southwest submarket of Charlotte. Blaze acquired both Charlotte properties in 2021 and is investing several million dollars in capital improvements into the buildings.

 


In Atlanta, Blaze is converting a hotel into the tech-oriented Spoke at Peachtree Corners. Located within Atlanta TechPark, Blaze is making major interior upgrades and incorporating smart-home and tech-based work-from-home space into the 92-unit community.

 Blaze is also converting a hotel in Savannah’s historic downtown district into the 106-unit Spoke Savannah, a garden-style community in one of Georgia’s fastest-growing markets.

 CONTACT: 

 Eric Kalis

Vice President

 BoardroomPR

ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123

Bank of America Plaza |

 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

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www.rkwresidential.com