Tuesday, October 11, 2022

Hospitality Ventures Management Group (HVMG) Names Sameer Nair Senior Vice President of Acquisitions and Development

 

 Sameer Nair

ATLANTA, GA,  Oct. 11, 2022—Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced that Sameer Nair has been named senior vice president of acquisitions and development.

“An industry expert with more than a decade of hospitality real estate experience, Sameer immediately brings a wealth of knowledge and industry relationships he’s acquired during his decorative career thus far," said Robert Cole, president & chief executive officer, HVMG.  


 Robert Cole

“Prior to joining HVMG, he was vice president of investments and capital markets for Delray Beach-based Kolter Hospitality where he oversaw more than $600 million in transactions. His presence immediately augments and broadens our already strong bench strength, and we look forward to Sameer playing an important role in helping HVMG and our owners and investors achieve their growth goals.” 



Over the course of his eleven-year career, Nair has sourced and closed more than $350 million across Hilton-, Hyatt-, IHG-, Marriott-franchised hotels, as well as negotiating and restructuring $1 billion of existing debt.  In his previous role as vice president of hotel investments for Banyan Investment Group, Nair led or assisted in more than $125 million of closed transaction volume. 


Brian Young

He also held analyst positions with such well-respected firms as Aztec Group, Inc., Starwood Property Trust and HotelAVE.  Nair founded Culture to Culture Pals, a non-profit organization that provides computers to underserved children in Jamaica.  Nair received his Bachelor of Science degree from Cornell University’s School of Hotel Administration. 

“Sameer has been pivotal in the growth of multiple, well-respected hospitality companies, and we fully expect him to have continued, similar successes here,” said Brian Young, executive vice president and CIO, HVMG. 

 “The breadth and depth of his industry relationships and knowledge is expansive, assets we plan to put to use immediately.”

  

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 CONTACT:

Chris Daly

Daly Gray, Inc.

703-435-6293

chris@dalygray.com

 

 

Patti Fitzgerald of Illustrated Properties Named Chair of Florida Real Estate Commission

 

 Patti Fitzgerald

Jupiter, FL – Illustrated Properties applauds Jupiter-based real estate broker and manager Patti Fitzgerald on her appointment as the new Chair of the Florida Real Estate Commission (FREC).

 An accomplished broker with a long history of real estate involvement, Fitzgerald is set to continue her positive impact on the industry in this new role.

Daniel Dennis 

FREC was created to educate and regulate real estate licenses. The commission has seven members appointed by the Governor and confirmed by the Florida Senate. Members are appointed for four-year terms.

“We congratulate Patti Fitzgerald on her prestigious FREC appointment,” IPRE President Daniel Dennis said. “Her decades of service to our firm and the industry inspires all of us at IPRE.”

Fitzgerald has served as a FREC Commissioner since 2016, most recently as Vice-Chair.

“I am humbled to take on this important position with FREC and further advance the educational opportunities for Florida real estate brokers,” Fitzgerald said.

 “With so much incredible real estate activity occurring throughout our state, this is a pivotal time to ensure best practices are being taught and applied by industry professionals. I greatly appreciate the support of my IPRE family.”

Fitzgerald has been with IPRE since 2010, when she sold her own successful real estate firm.

At IPRE, she mentors, educates and supports the Jupiter team while serving the broader industry in many ways.

Henry Blakiston

Fitzgerald’s involvement has included the Executive Women of the Palm Beaches, Leadership Palm Beach County, Women of the Moose and active memberships with Miami Realtors, Florida Realtors and the National Association of Realtors.

A longtime Jupiter resident, Fitzgerald and her husband, Henry Blakiston, a principal at Proctor, Crook, Crowder and Fogal CPAs, enjoy precious time with their three children and seven grandchildren.

For more information about the FREC, please visit http://www.myfloridalicense.com/DBPR/real-estate-commission/.

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 CONTACTS:

 

Eric Kalis and Daniel Benjamin,

 BoardroomPR

ekalis@boardroompr.com

dbenjamin@boardroompr.com

954-370-8999

 

JLL Capital Markets arranges $9 million financing on six industrial properties in Minneapolis, MN for Buligo Capital Partners

 

Britta Lund

 MINNEAPOLIS, MN JLL Capital Markets has arranged $9.37 million in acquisition financing for six industrial buildings totaling 191,986 square feet in Minneapolis, Minnesota.

 

JLL worked on behalf of the borrower, Buligo Capital Partners, to secure the five-year, fixed-rate loan through Justin Adducci of North American Banking Company.

 

 Loan proceeds for future funding were also committed by the bank.

 

 Trent Niederberger

The buildings are fully occupied by a variety of tenants, including StreetFactory Media, Children’s Theatre, CenturyLink, Brownstone Distributing, Guthrie Theater and more.

 

Occupying a full city block, the properties are located at the intersection of East Hennepin Avenue and Harrison Street Northeast.

 

The buildings are a five-minute drive from downtown Minneapolis, 12 minutes from downtown St. Paul and 15 minutes from the Minneapolis-St. Paul International Airport.

 

 The portfolio is positioned to service 21,122 businesses and 477,365 residents within a five-mile radius. In addition, the properties are near Interstates 35W and 94, connecting them with the greater Minneapolis-St. Paul region.


Justin Adducci 

The JLL Capital Markets team representing the borrower was led by Managing Director Trent Niederberger and Director Britta Lund.

 

“Demand remains strong for infill industrial buildings with outdoor storage, and we were able to really lean into this great value-add asset to source an exemplary financing solution for Buligo’s first acquisition in the Twin Cities market,” said Lund.

 

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


           PENDING SALE: Six industrial buildings 

                  totaling 191,986 square feet 

                       in Minneapolis, MN

 

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.

 

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:

Cierra Lacasse

 JLL Associate

 Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com