Annaly Capital Management, Inc. Announces Conversion Rate Adjustment for 4.00% Convertible Senior Notes Due 2015

NEW YORK--(BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the “Company”)  announced an adjustment to the conversion rate for 4.00% Convertible Senior Notes Due 2015 (the "Notes").

The adjustment to the conversion rate for the Notes is being made pursuant to the governing indenture for the Notes in light of the Company's previously announced first quarter 2013 common stock cash dividend of $0.45 per common share.

The new conversion price for the Notes is $13.7440 per common share, effective March 27, 2013. The conversion price for the Notes was previously $14.1447 per common share.

The new conversion rate for each $1,000 principal amount of Notes is 72.7592 of the Company’s common shares. The conversion rate for each $1,000 principal amount of Notes was previously 70.6980 of the Company’s common shares.

Notice of the conversion rate adjustment was delivered to security holders and Wells Fargo Bank, National Association, the trustee, in accordance with the terms of the governing indenture for the Notes.

For a complete copy of the company’s news release, please contact:

Annaly Capital Management, Inc.

Investor Relations, 888-8Annaly

www.annaly.com

Berger Commercial Realty Announces Three New Leases from Greg Milopoulos

  

Greg Milopoulos

FORT LAUDERDALE, FL - Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announces three new lease transactions from Broker Associate Greg Milopoulos. They are:

 Lyons Business Park, 6601 N. Lyons Road, Coconut Creek, FL 33073. Landlord: Lyons Corporate Park LLLP/ Tenant: Nutrafuels, Inc. Lease: 3 Years/ Square Footage: 6,400. Type: Warehouse

 1201 S.W. 4th Avenue, Dania Beach, FL 33304. Landlord: G&H Properties. Tenant: Vintage Marble, LLC. Lease: 5 years. Square Footage: 5,200. Type: Warehouse

Keith Graves

Powerline Business Park, 4100 N. Powerline Road, Coconut Creek, FL 33073

Landlord: Industrial Development Co. LLP. Tenant: Alkali Scientific, LLC, represented by Milopoulos and Keith Graves of Berger Commercial Realty

Lease: 3 years. Square Footage: 4,000. Type: Warehouse

Contact:

Marielle Sologuren

Pierson Grant Public Relations

msologuren@piersongrant.com

(954) 776-1999, ext. 226

Hendricks-Berkadia Negotiates $62 million sale for 1,300 Units at three apartment properties in Bradenton, FL and Orlando, FL

  

Cole Whitaker

 ORLANDO, FL--- Hendricks-Berkadia Real Estate Advisors, which ranks as one of the leading multi-family investment banking and research companies in the nation, recently negotiated the sale of three apartment properties in Bradenton and Orlando that total some 1,130 units and valued at close to $62 million.

Cole Whitaker, partner who heads the Southeast Division of Hendricks-Berkadia, negotiated all three transactions with associate partner Hal Warren. The three sales brought $61,780,000.

Hal Warren

 Hendricks-Berkadia represented the seller in all three transactions.

Whitaker and Warren negotiated the sale of Braden Lakes Apartment Homes on 50th Avenue West in Bradenton for $14,280,000 representing seller Situs, LLC.  Lexsignia LLC acquired the property comprising 264 units in 16 two-story garden style buildings and a clubhouse.

Whitaker and Warren represented Situs, LLC in a second sale of The Cornerstone Apartments with 430 units on S. Conway Rd. in Orlando for $23 million.  Robbins Property Associates LLC, acquired the property with a total of 317,190 rentable square feet on 27 acres.

Park Baldwin Apartments, Orlando, FL

Whitaker and Warren negotiated the $24,500,000 sale of Park Baldwin Palms at 2250 N. Semoran Blvd. in Orlando representing seller Everglades Partners, LLC.  Covenant Capital Group, LLC acquired the property with 436 apartments situated in 38 two-story garden-style buildings on 21.8 acres.

For a complete copy of the company’s news release, please contact:

Cole Whitaker, Southeast Partner, Hendricks-Berkadia, 407-218-8880, cwhitaker@hpapts.com;

Hal Warren, Associate Partner, Hendricks-Berkadia 407-218-8881 hwarren@HPAPTS.com;  

Jason T. Stanton CCIM, Senior Investment Advisor, Hendricks-Berkadia Direct: 727-674-4097; jstanton@hpapts.com

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644 4142 Lvershelco@aol.com

DiMucci raising roof for new headquarters facility on Dunlawton Blvd in Daytona Beach Shores, FL

Daytona Beach Shores, FL  --- The DiMucci Companies, which is completing its new million dollar plus headquarters facility on Dunlawton Blvd. in Daytona Beach Shores, is completing construction of the roof on the 3,500 square foot building.

Anthony DiMucci, who heads the DiMucci Companies, said the two-story facility will open in about 30 days. 

 For a complete copy of the company’s news release, please contact:

 Tony DiMucci or Corinne LeClaire, DiMucci Companies 386-322-2000

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644 4142 Lvershelco@aol.com

Grand Opening held for Marketplace in Delray Beach, FL; Cuhaci & Peterson completes design work

Lonnie Peterson

ORLANDO, FL --- Cuhaci & Peterson Architects Engineers Planners based in Orlando’s Baldwin Park, completed design work on major projects at the Marketplace in Delray Beach.

Lonnie Peterson, chairman of Cuhaci & Peterson, said the firm completed design work on a 45,000 square foot Publix supermarket and 154,147 square feet of retail shops at the center located at the corner of Atlantic Avenue and Lyons Road in Delray Beach.

Marketplace at Delray Beach, FL

A grand opening at the plaza was held recently and Publix is now open.

For a complete copy of the company’s news release, please contact:

 Lonnie Peterson, Chairman Cuhaci & Peterson Architects, LLC, 407-661-9100;  

Jed Downs, President Cuhaci & Peterson Architects, LLC, 407-661-9100;  

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644 4142 Lvershelco@aol.com

NAI Realvest Negotiates New Industrial Lease of 25,260 SF for New York-based firm at Southridge Industrial Park in Orlando, FL

Michael Heidrich Sr. 

ORLANDO, FL – NAI Realvest recently negotiated a new lease agreement for 25,260 square feet of warehouse space at the Southridge Industrial Park, 9401 Southridge Park Court in Orlando.

 Michael Heidrich Sr., a principal at the firm, and associate Michael Heidrich, Jr., negotiated the transaction representing the tenant, Rent-A-PC, Inc., of Hauppague, N.Y.

Michael Heidrich Jr.

 Local landlord EastGroup Properties, LP was represented in the transaction by Mike Borling.

For a complete copy of the company’s news release, please contact:

Michael Heidrich, Principal NAI Realvest, 407-875-9989 mheidrich@realvest.com; Michael Heidrich, Jr. Associate, NAI Realvest 407-875-9989 mheidrichjr@realvest.com

Robin L. Webb, CCIM, CHA, CHB, CRB, CPM, MRICS, Managing Director, NAI Realvest, 407-875-9989 Rwebb@realvest.com

Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com  

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644 4142 Lvershelco@aol.com

Stonegate Golf Club Promotes Claude Eastwood To Head Golf Professional; Kurt Frizzell Moves Up as First Assistant Golf Professional

Claude Eastwood

Kissimmee, FL – Stonegate Golf Club at Solivita in Poinciana, a Celebration Golf Management golfing facility, has promoted Claude Eastwood to head golf professional and Kurt Frizzell to first assistant golf professional.

Arto Rahmani, general manager of Solivita Club Services, said Eastwood joined Stonegate Golf Club at Solivita six years ago and was formerly assistant golf professional.   He is a U.S. Army veteran and has more than 10 years of experience in the golf industry.

Kurt Frizzell

“Claude Eastwood has been a key part of our team since Celebration Golf Management took over management of Stonegate Golf Club in late 2011,” said Gene Garrote, president of Celebration Golf Management.  “He has been an influential leader at Stonegate and his professional attitude has affected our whole management team,” Garrote added.  

Frizzell joined Stonegate in Spring 2012 after graduating from the Professional Golf Career College in Orlando.  In his new role Frizzell will focus on restructuring and improving Stonegate Golf Club’s outside service team. 

For a complete copy of the company’s news release, please contact:

Arto Rahmani, General Manager, Solivita Club Services LLC, 407-566-1045 x4620 arahmani@cgmgolfproperties.com

  Gene Garrote, President, Celebration Golf Management, 407-566-4653 x 4601;  

 Larry Vershel or Beth Payan, Larry Vershel Communications 407-644 4142 Lvershelco@aol.com

American Healthcare Investors Facilitates Acquisition of Five Medical Office Buildings on Behalf of Griffin-American Healthcare REIT II

  

Danny Prosky

 NEWPORT BEACH, CA– American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT II, Inc., announced the acquisition of five medical office buildings by the REIT for an aggregate purchase price of approximately $46 million.

 The acquired buildings are near Denver, Colorado; Atlanta, Georgia; Indianapolis, Indiana; and Detroit, Michigan.

The REIT’s portfolio currently totals 153 buildings valued at approximately $1.42 billion, based on purchase price, diversified across 28 states and all four clinical asset classes: medical office buildings, skilled nursing facilities, hospitals and assisted living facilities. 

Since Jan. 1, 2012, the portfolio has grown by approximately 223 percent, based on purchase price.  As of Dec. 31, 2012, the Griffin-American Healthcare REIT II property portfolio was 96.6 percent leased with a weighted average remaining lease term of approximately 9.5 years and leverage (total debt divided by total assets) of 32.9 percent.

“A key component of our acquisition strategy for Griffin-American Healthcare REIT II is to purchase quality medical office buildings that are located on or near thriving hospital campuses and that enjoy strong affiliations with the nation’s best performing healthcare delivery systems,” explained Danny Prosky, a principal of American Healthcare Investors and president and chief operating officer of the REIT.

 “Each of these acquisitions meet these high standards and further strengthen our balanced portfolio of clinical healthcare real estate assets.”

For a complete copy of the company’s news release, please contact:

Damon Elder

SVP, Marketing & Communications

American Healthcare Investors

(949) 270-9207 direct

(949) 356-1460 cell

delder@ahinvestors.com

www.GriffinCapital.com

www.HealthcareREIT2.com

www.AmericanHealthcareInvestors.com

Marcus & Millichap Announces Sale of Church Avenue Apartments in Tampa, FL for $665,000

  

Casey Babb

 TAMPA, FL, April 5, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Church Avenue Apartments, a 19-unit apartment community located in Tampa, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset commanded a sales price of $665,000 which equates to $35,000 per unit.

Casey Babb, CCIM and senior multifamily specialist and Luis Baez, associate, both in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor from Miami. 

Earle Hyman, a senior vice president investments and Nicholas Meoli multifamily specialist in the firm’s Encino and Tampa offices represented the California-based 1031-exchange buyer.

Church Avenue Apartments was built in 1971 and is located at 6408 North Church Avenue.  The community is set within a cul-de-sac in a ‘park-like’ setting.  Units are housed in nine villa-style buildings totaling 19 residences and are situated on 2.5 acres. 

Nicholas Meoli

There is a mix of eighteen two-bedroom/one bath units and one three-bedroom/one-bath unit. Units feature private parking, private backyards and some screened patios and washer/dryer connections.

“This offering, as with others we have sold recently, commanded interest from multiple investors and a competitive bidding situation which helped the seller secure a contract,” says Baez.

Earle J. Hyman

“The property closed at 98 percent of the asking price after only a two-week marketing process.  Traditionally, real estate has not been a liquid asset, but right now we are finding that investment real estate in general, and multifamily in particular, is very liquid which is good if you are thinking about selling,” continues Baez.

   

For a complete copy of the company’s news release, please contact:

Richard D. Matricaria

Regional Manager,

Tampa, FL

(813) 387-4700

Lauren Brouillet, Robin Civish and Jennifer Levine join Voit’s Las Vegas office.

  

Lauren Brouillet

Las Vegas, NV–Voit Real Estate Services’ Las Vegas office is continuing to expand in the greater Las Vegas market with the addition of three new top-producing brokers, according to Executive Managing Director Mark Read.

Lauren Brouillet and Robin Civish, both specialists in retail sales and leasing, and Jennifer Levine who specializes in industrial have joined the firm as Senior Associates.

“As Voit continues to expand the Las Vegas team, we are working to increase our depth of expertise and reputation in the market,” says Read. 

“Voit’s Las Vegas office was founded by the top industrial and retail brokers in our region, including Kevin Higgins and Kit Graski, and we are committed to hiring brokers who will provide the opportunity to create additional solutions for our clients.”

Jennifer Levine

Prior to joining Voit, Brouillet, Civish and Levine were with NAI Global where they were all highly respected brokerage professionals. Before NAI, Brouillet spent five years with Grubb & Ellis as part of a top-producing retail team. Brouillet is a graduate from the University of Nevada, Las Vegas with a Bachelor of Science in Business Marketing.

Civish was with Prudential CRES-IPG which merged with Cushman & Wakefield prior to her time at NAI and before that spent 17 years with The Vista Group. Civish is a graduate from the University of Nevada, Las Vegas with a Bachelor of Science in Business Marketing.

Robin Civish

Before NAI, Levine was with Cushman & Wakefield as well as Grubb & Ellis where she specialized in the sale and leasing of industrial properties as well as land acquisition and more. Levine earned her Bachelor of Arts from the University of California, Berkeley and her Master of Arts from the University of California, Los Angeles.

  

For a complete copy of the company’s news release, please contact:

Jessamyn Miller  

Voit Real Estate Services

949-566-6422

jjmiller@voitco.com

www.voitco.com.

Marcus & Millichap Names Brian Hosey Sales Manager in Manhattan Office

Brian Hosey

NEW YORK, NY – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named Brian Hosey sales manager of its Manhattan office, according to J.D. Parker, vice president and regional manager of the firm’s Manhattan office.

“Brian has extensive commercial real estate experience as an investment specialist,” says Parker. “An accomplished agent who has grown along with Marcus & Millichap, he will be an asset to our Manhattan brokerage team.”

JD Parker

Hosey has been an associate agent in the Manhattan office since September 2010. His product specialty is multifamily and mixed-use properties. As an agent, Hosey was an associate member in the firm’s National Multi Housing Group and he earned a sales recognition award.

Hosey graduated magna cum laude from Syracuse University with dual degrees in business and communications.

  

For a complete copy of the company’s news release, please contact:

Ben Johnson,

Marketing Director

(925) 953-1736

Marcus & Millichap Promotes Ron Duong to Associate Vice President Investments

Ron Duong

NEWPORT BEACH, CA, April 5, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Ron Duong to associate vice president investments.

 The achievement represents excellence in the development and servicing of long-term client relationships, according to Joseph Cesta, regional manager of the firm’s Newport Beach office.

            Duong joined the firm in August 2004 and was promoted to associate in May 2006. He is a director of the firm’s National Retail Group.

  

For a complete copy of the company’s news release, please contact:

Ben Johnson,

Marketing Director

(925) 953-1736

The Bascom Group Acquires 352 Multifamily Units in Greater Phoenix for $35.2 Million

The Fairways Apartments, Chandler, AZ

CHANDLER, Ariz., April 5, 2013 – Marcus & Millichap Real Estate Investment Services Inc. has arranged the sale of The Fairways, a 352-unit apartment community located on the San Marcos Golf Resort in Chandler, Ariz., part of the Greater Phoenix metropolitan area. 

The $35,215,500 sales price equates to $100,044 per unit.

Steve Gebbing

Cliff David, vice president investments and Steve Gebing, also vice president investments, both in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, Situs Holdings LLC.

The buyer is The Bascom Group LLC of Irvine, Calif. in coordination with its local affiliate, Bascom Arizona Ventures LLC of Scottsdale, Ariz.

“Developed in two phases by two distinctly different developers, The Fairways features some of the most unique property characteristics and architectural advantages found within the Greater Phoenix multifamily market, particularly among assets built during the 1980s and 1990s,” says David.

Cliff David

            Constructed in 1986 and 1996, the property is located at 777 West Chandler Blvd., less than one mile west of historic downtown Chandler, a part of the city that has benefited tremendously from recent and ongoing gentrification efforts.

The Fairways features intelligently designed one-, two- and three-bedroom apartment homes averaging 965 square feet. Apartment interiors include fully equipped electric gourmet kitchens with full breakfast bar, nine-foot ceilings, full-sized washers and dryers, spacious walk-in closets and comfortable private patios or balconies. 

Select apartment homes also feature a wood-burning fireplace, vaulted ceilings, separate storage space, tuck-under carports, direct-access garages and lightly upgraded interior finishes.

 

For a complete copy of the company’s news release, please contact:

Ben Johnson,

Marketing Director

(925) 953-1736

UOB Eagle Rock Acquires Clemens Place Apartments in Hartford, CT for $29.5 Million

  

Clemens Place Apartments
Hartford, CT

HARTFORD, CT – Institutional Property Advisors (IPA), a multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has arranged the sale of Clemens Place Apartments, a 597-unit multifamily complex in Hartford, Conn. The revitalized 1920s-style community commanded a selling price of $29.5 million. 

            IPA executive directors Steve Witten and Victor Nolletti advised the seller, Intown West Associates Limited Partnership and Westtown LLC.  The buyer is UOB Eagle Rock Multifamily Property Fund LP.

Steve Witten

            “Hartford has become a highly sought after market for multifamily investment in New England,” says Nolletti.  “There is no finer example of an architecturally renovated, well-stabilized and respected apartment community than Clemens Place Apartments.”

            “Clemens Place is poised for significant rental growth and appreciation in a historically robust—high demand—apartment market,” adds Witten. “This exceptionally well-maintained asset provides residents with a hip urban address in Hartford’s high-growth West End neighborhood.”

Victor Nolletti

Known locally as “The Pride of Hartford,” the property consists of 597 units: 595 apartments and two commercial spaces in 42 carefully renovated buildings, 31 of which are on the National Register of Historic Places. 

The 17-acre site is graced with stone reliefs, ornamental streetlights, brick, stone and ivy-lined walkways, wrought iron balconies and tasteful landscaping. 

Clemens Place Apartments is one block from Interstate 84 and within walking distance of the University of Connecticut Law School, Hartford College, Mark Twain House, Hartford Seminary and numerous restaurants and shops.

 For a complete copy of the company’s news release, please contact:

Ben Johnson,

Marketing Director

(925) 953-1736

55 Allen Plaza in Atlanta, GA Earns BOMA 360 Designation in Recognition of Excellence in Building Management

  

55 Allen Plaza, Atlanta, GA

 ATLANTA, GA – 55 Allen Plaza, a Class-A, 350,000-square-foot office tower in downtown Atlanta that is managed and leased by Lincoln Property Co. Southeast (Lincoln), has been designated a BOMA 360 Performance Building by the Building Owners and Managers Association (BOMA) International.

The BOMA 360 Performance Program recognizes commercial properties that demonstrate best practices in building operations and management. Fewer than 50 buildings in Georgia have earned the designation.

 “We at Lincoln are thrilled that 55 Allen Plaza has received this honor,” said Shane Froman, vice president of property management for Lincoln. 

Shane Froman

“We pride ourselves on providing best-in-class service to our property-owner clients and their tenants, and this high-profile honor is a wonderful validation of the outstanding work our team has been doing at 55 Allen Plaza.”

 “We are proud to designate 55 Allen Plaza as a BOMA 360 Performance Building in recognition of the high standards the management team has achieved in every aspect of building operations and management,” said BOMA International Chair and CBRE Managing Director Joseph W. Markling. 

Joseph W. Markling

“By achieving the BOMA 360 designation, the management at 55 Allen Plaza has demonstrated to its owner, tenants, prospective tenants and the community that this property is being managed to the highest standards of excellence.”

  For a complete copy of the company’s news release, please contact:

Stephen Ursery

The Wilbert Group

404-965-5026

sursery@thewilbertgroup.com