Supertel Hospitality Reports 2010 Second Quarter Results

NORFOLK, NB– Supertel Hospitality, Inc. (NASDAQ: SPPR), a real estate investment trust (REIT) which owns 111 hotels in 23 states, today announced its results for the second quarter ended June 30, 2010.

Revenues from continuing operations for the 2010 second quarter increased 3.1 percent to $24.7 million, compared to the same year-ago period.

Net loss attributable to common shareholders for the 2010 second quarter was $(4.0) million, or $(0.18) per diluted share, compared to net income attributable to common shareholders of $0.9 million, or $0.04 per diluted share, in the 2009 same quarter, a decline of $4.9 million.

 The decrease was primarily the result of $4.5 million of impairment. Funds from operations (FFO), which includes the impairment expense, for the 2010 second quarter was $(1.5) million, or $(0.07) per diluted share.

For a complete copy of the company's news release and financials, please contact:
Jerry Daly, Carol McCune, Daly Gray, (Media Contact), 703.435.6293
jerry@dalygray.com

National Retail Properties, Inc. Declares Dividend for Its Series C Preferred Stock

ORLANDO, FL, Aug. 13 /PRNewswire-FirstCall/ -- The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend on its Series C Cumulative Redeemable Preferred Stock of 46.09375 cents per depositary share payable September 15, 2010, to shareholders of record on August 31, 2010. The dividend represents an annualized rate of $1.84375 per depositary share.

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases.

As of June 30, 2010, the company owned 1,014 Investment Properties in 43 states with a gross leasable area of approximately 11.4 million square feet. For more information on the company, visit www.nnnreit.com.

Contact: Kevin B. Habicht, Chief Financial Officer, National Retail Properties, Inc., +1-407-265-7348

Mid-America Apartment Communities, Inc. Announces Nashville Acquisition

 MEMPHIS, TN/PR Newswire-FirstCall/ -- Mid-America Apartment Communities, Inc. (NYSE:MAA) announced today that it has completed the acquisition of Verandas at Sam Ridley (top left photo), an upscale 336-unit gated apartment community located in the Nashville MSA.

Verandas at Sam Ridley was developed in 2009 and is located at the intersection of I-24 and Sam Ridley Parkway.

 Property amenities include large floor plans averaging 1,164 square feet, garages, media and business centers and a pool with outdoor spa. The apartment homes feature stainless finish appliances, crown molding and sunrooms or screened porches.

The property is located in very close proximity to an extensive new retail shopping development and a new regional hospital and health services operation. In addition, the property is minutes away from major employment centers along the I-24 Business Corridor including a Nissan North America manufacturing plant with 4,400 employees.

Commenting on the announcement, Al Campbell, (top right photo)EVP and CFO said, "We are excited to be increasing our presence in the Nashville MSA with its diverse economic base which continues to support strong population growth."

The acquisition, totaling $32 million, was funded by borrowings under existing credit facilities and common stock issuances through MAA's at-the-market program.

 Contact:  Investor Relations of Mid-America Apartment Communities,

+1-901-682-6600, or investor.relations@maac.net
Web Site: http://www.maac.net/

Boardwalk REIT Announces 2nd-Quarter Results

CALGARY, ALBERTA /PRNewswire-FirstCall/ -- Boardwalk Real Estate Investment Trust ("BEI.UN" - TSX),  Boardwalk Real Estate Investment Trust ("Boardwalk", "Boardwalk REIT" or the "Trust")  announced financial results for the second quarter of 2010:

 Funds From Operations ("FFO") per unit down 5.7% and Distributable Income ("DI") per unit down 5.7% compared to the same period last year; and confirmed its August, September, and October 2010 Monthly Distribution of $0.15 per Trust Unit. FFO and DI are non-GAAP measures; the reconciliation to Net Earnings and Total Operating Cash Flows, respectively, can be found in the Management's Discussion and Analysis (MD&A) for the second quarter ended June 30, 2010, under the section titled, "Performance Measures".(1)

(Calgary skyline bottom right photo)

 During the second quarter of 2010, the Trust sold and closed a total of 293 units in Calgary, Alberta; Regina, Saskatchewan; and Montreal, Quebec.

For a complete copy of the company's news release and financials, please contact:

Boardwalk REIT: Sam Kolias, CEO, (403) 531-9255;
Roberto Geremia, President, (403) 531-9255;
 William Wong, CFO, (403) 531-9255

HFF secures $26M refinancing for Back Bay/Fenway area apartments in Boston

 BOSTON, MA – The Boston office of HFF (Holliday Fenoglio Fowler, L.P.)  has arranged a $26 million refinancing for Landmark Square, (bottom right photo) a 132-unit, Class A multi-housing property in Boston’s Back Bay/Fenway area.

HFF senior managing director Bob Herron (top right photo), director Greg LaBine (top left photo)  and senior real estate analyst Porter Terry worked exclusively on behalf of the borrower, The Abbey Group, to secure the fixed-rate loan through Prudential Mortgage Capital Company.

 Loan proceeds are refinancing a maturing loan.

Landmark Square is located at 75 Peterborough Street within walking distance to the Longwood Medical area, Fenway Park and Symphony Hall.

Completed in 2000, the seven-story property has one-, two- and three-bedroom units averaging 984 square feet each. Landmark Square is 96% leased and includes an 89-space underground parking garage.

“Landmark Square was a very attractive transaction to bring to market given its high-quality sponsorship, Class A product, and location on an upscale street within close proximity to several of the city’s most prestigious educational institutions and cultural hubs,” said Herron.

The Abbey Group is a Boston-based commercial real estate developer and owner. The company’s current portfolio includes the Landmark Center mixed-use development, Lafayette Corporate Center and 45 Province.

Contacts:

Robert M. Herron, HFF Senior Managing Director, (617) 338-0990, rherron@hfflp.com

Gregory F. Labine, HFF Director,  (617) 338-0990, glabine@hfflp.com

Kristen M. Murphy, HFF Associate Director, Marketing,  (713) 852-3500, krmurphy@hfflp.com

Marcus & Millichap Sells 99-Room Rodeway Inn in Tampa for $1.3M

TAMPA, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Rodeway Inn (top left photo) , a 99 room Hospitality property located in Tampa, FL, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

 The asset commanded a sales price of $1,300,000.

The buyer, a private investor, was secured and represented by Jaimin P. Patel (middle right photo) , Senior Associate and Niven Patel, (middle left photo)  Senior Associate, investment specialists in Marcus & Millichap’s Tampa office.

Rodeway Inn is located at 4139 E. Busch Blvd.

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700

 

 

S. Sean Hamilton Named to Vice President Investments in Denver

DENVER, Aug. 12, 2010 – The board of directors of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named S. Sean Hamilton (lower right photo)  to the position of vice president investments.

The achievement of vice president investment status is one of the highest levels of recognition the firm awards its sales agents.

 It represents excellence in client relationships, investment real estate expertise and sales volume, according to John J. Kerin, president and chief executive officer.

Most recently, Hamilton held the position of senior associate.

Hamilton began his career with Marcus & Millichap in 2001, specializing in multifamily investment sales.

Pontius Promoted to Lead Commercial Leased Investment Specialty Groups for Marcus & Millichap

ENCINO, CA, Aug. 13, 2010 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Alan N. Pontius (bottom left photo)  to national director of commercial leased investment properties, according to president and chief executive officer, John J. Kerin (lower right  photo) .

In his new position, Pontius will oversee all commercial leased investment property divisions for the firm, including the National Retail Group (NRG).

He will retain his position as national director of the National Office and Industrial Properties Group (NOIPG), which he held for the past nine years. The NOIPG is one of Marcus & Millichap’s fastest-growing specialty groups.

Pontius is based in the firm’s San Francisco office.

“Our national specialty groups, which focus on each major property sector, are set up to deliver optimum services to our clients while developing the skills, tools and communication of our investment professionals,” says Kerin.

“Al is uniquely qualified to continue our expansion and rapid growth in the commercial leased investment arena, given his extensive background as a successful agent, manager and senior executive with the firm and his relationships with major investors nationally.”

In 1985, Pontius began his career with Marcus & Millichap as a sales associate, and in this capacity he consistently ranked among the firm’s top 25 investment specialists. In 1993, he was appointed regional manager of the Palo Alto office, where he led that office to consistently rank among the top offices companywide.

Pontius was promoted to first vice president in 2000 and to senior vice president in 2002. Also in 2002, he was promoted to national director of the NOIPG. He was elected to managing director in 2007.

“I am excited to bring all of our resources as a highly specialized national firm to owners and investors, and help them navigate the market successfully,” says Pontius. “We have great momentum in leased investment sales and have become a leading source of market research and I look forward to building on that track record,” he continues.

Pontius’ industry trade affiliations include ICSC, NAIOP and ULI, where he is regularly called upon to present on U.S. real estate investment trends. He attended San Francisco State University.

Pontius replaces long-time partner Bernard J. Haddigan (lower left photo), a former senior vice president and managing director, who retired from the firm.

Contact: Stacey Corso, Public Relations Manager, 925) 953-1716

Colliers International Completes $3.725M Medical Office Sale in Huntington Park, CA

LOS ANGELES, CA– Colliers International, the second largest real estate services organization globally, has completed the sale of a 7,400-square-foot medical office building at 5932 Rugby Ave. in Huntington Park, Calif., to a private investor for $3,725,000.

Constructed in 2009, the state-of-the-art, built-to-suit medical office building is leased for 12 years to DaVita, Inc. (NYSE: DVA), a Fortune 500 company providing dialysis services in North America.

“There continues to be high demand for newly constructed, infill real estate investments with credit tenants on lease terms of 10 years or more.

"We received multiple offers for this highly-specialized medical office building due to its infill location, the credit of the tenant and term of the lease,” said Scott Heaton (top right photo), senior vice president in Colliers’ Downtown Los Angeles office.

Heaton, along with Patrick Barnes, (lower right photo)  associate vice president in Colliers’ Downtown Los Angeles office, represented the both the buyer and the seller, GRAE Ventures, a West Los Angeles-based commercial real estate development company that focuses on single and multiple credit-tenant projects.

Contact: Megan Morales, Marketing & PR Coordinator,Dir +1 949 724 5537, Mob +1 714 273 2472, Main +1 949 474 0707, Fax +1 949 724 5600, megan.morales@colliers.com

HFF arranges $10.55M refinancing of Class A multi-housing project in Dallas’ Design District

DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $10.55 million refinancing for Trinity Lofts, a 93-unit, Class A multi-housing community in Dallas’ Design District.

HFF senior managing director John Brownlee (top right photo)  and senior real estate analyst Mike Ostella worked on behalf of Alpha-Barnes Real Estate Services and the Jim Lake Companies to secure the seven-year, fixed-rate securitized loan through Freddie Mac (Federal Home Loan Mortgage Corporation).

HFF will service the loan through their Freddie Mac Program Plus® Seller/Servicer program.

Trinity Lofts (middle left photo)  is located at 1403 Slocum close to Interstates 30 and 35 and the Dallas North Tollway, and within walking distance to the Victory Park development and the American Airlines Center.

Completed in 2005, the property has loft-style, one-, two- and three-bedroom units plus 28,000 square feet of retail/showroom space within five buildings.

Residential amenities include a fitness center, rooftop terrace, four-story internal atrium area, conference/media room and reserved/covered parking. Trinity Lofts is 92% leased and commercial tenants include Ferguson Supply.

“Trinity Lofts has an exceptional location in Dallas’ Design District (lower right photo)  with easy access to major employments areas such as Downtown, Uptown, Preston Center and the Stemmons Corridor,” said Brownlee.

Alpha-Barnes Real Estate Services currently owns or manages approximately 100 communities with a total unit count of more than 14,000 units. Alpha-Barnes focuses on development and property management of multi-family properties, new and existing, primarily in Texas.

Jim Lake Companies, established in 1964, focuses on Adaptive Urban Redevelopment in Dallas and maintains an inventory of 1,850,000 square feet of commercial properties.

Contacts:
John S. Brownlee, HFF Senior Managing Director, (214) 265-0880, jbrownlee@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,
krmurphy@hfflp.com

Marcus & Millichap Names Scott D. Lamontagne to Vice President Investments in Oklahoma City

OKLAHOMA CITY, OK Aug. 12, 20 10 – The board of directors of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named Scott D. Lamontagne (top right photo) to the position of vice president investments.

The achievement of vice president investment status is one of the highest levels of recognition the firm awards its sales agents. It represents excellence in client relationships, investment real estate expertise and sales volume, according to John J. Kerin (middle  left photo), president and chief executive officer.

Most recently, Lamontagne held the position of associate vice president investments.

Lamontagne began his career with Marcus & Millichap in 2003, specializing in multifamily investment sales.

Chad H. O'Connor Moves to Vice President Capital Markets in San Diego

SAN DIEGO, CA, Aug. 12, 2010 –Marcus & Millichap Capital Corp. (MMCC) has named Chad H. O’Connor (middle right photo)to the position of vice president capital markets.


The achievement of vice president capital markets status is one of the highest levels of recognition the firm awards its originators.

It represents tremendous market knowledge, superior transaction expertise and commitment to providing clients with excellent capital markets knowledge and advisory services, according to William E. Hughes, (lower left photo) senior vice president and managing director of MMCC.

Most recently, O’Connor held the position of director. O’Connor began his career with MMCC in 2004.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

Equity REIT Returns Rise 9.52% in July

ORLANDO, FL--CB Richard Ellis-Orlando reports equity REIT returns rose 9.52% in July, according to the FTSE NAREIT Equity REIT Index.

Total returns for all REIT sectors increased over June's numbers. Year-to-date, the apartment and self-storage sectors lead the way, with industrial and office/industrial mix being the worst performing.


For the first time since the start of the financial crisis in August 2007, U.S. investors own more Treasuries than foreign holders at 50.2%.

Demand is climbing as consumer spending and incomes stagnate and the savings rate reaches the highest level in almost 18 years, 6.4% as stated by Bloomberg.

For a complete copy of the report, please contact:
Ronald J. Rogg, (top right photo) CCIM, Executive Vice President, 407.839.3194, ron.rogg@cbre.com

NAI Realvest Negotiates $579,000 Sale of Oceanfront parcel to the City of Daytona Beach, FL

MAITLAND, FL– NAI Realvest recently negotiated the sale of a 0.23 acre parcel of land at 39 South Ocean Ave. in Daytona Beach for $579,000.

Thomas E. Hankins (top right photo), CCIM, SIOR, principal at NAI Realvest in Maitland, negotiated the transaction representing the seller, BB&T as successor for Colonial Bank of Winston-Salem, N.C.

The City of Daytona Beach purchased the property for parking. Thomas Corso of Charles Wayne Properties represented the City.

For more information, please contact:
Thomas Hankins, Principal NAI Realvest, 407-875-9989 thankins@realvest.com
Patrick Mahoney, Chief Operating Officer, NAI Realvest, 407-875-9989, pmahoney@realvest.com;
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

Marketplace Advisors negotiates sale of 6.6 acre site on Howell Branch Road in Seminole County, FL

ORLANDO, FL. – Marketplace Advisors, Inc. recently negotiated the sale of a 6.6 acre site on Howell Branch Road in Seminole County.

David Marks, (top right photo) president of Marketplace Advisors, Inc. negotiated the sale representing the buyer, Howell Branch Cove, Ltd.

Jeff Bornstein, with Coldwell Banker Commercial NRT represented the Seller, Branch Investments, LLC.

The purchase price was $1,000,000.

For more information, please contact:
David Marks, Marketplace Advisors, Inc., 407-599-0007, dmarks@cfl.rr.com;
Larry Vershel or Beth Payan, LV Communications, 407-644-4142

Faris Lee Investments Completes $11.75M Sale of The Town Center Ontario in Ontario, CA

IRVINE, CA, Aug. 12, 2010 – Faris Lee Investments, the nation’s largest retail-specialized investment sales and advisory team, has completed the $11.75 million sale of The Town Center Ontario, a 128,330-square-foot retail property that was 85 percent vacant at the close of escrow.

 Built in 2002, the center is situated on approximately 11.59 acres and is located at 701-769 N. Milliken Ave in Ontario, Calif. Faris Lee was able to secure an international buyer prepared to pay all cash for the location.

Donald MacLellan, senior managing director, Faris Lee Investments, and Richard Walter (middle right photo), president, Faris Lee Investments, represented the seller, LNR, based in Miami, FL.

The buyer, who paid all cash, was Oxylane Groupe-Decathlon, one of the largest manufacturers of sports apparel and equipment in the world.

Based in France, Oxylane Groupe-Decathlon was represented by Epsteen & Assoc./Samuels Company. With this transaction, the retailer has confirmed Ontario as one of its first U.S. retail locations.

 The buyer cited the high traffic location at the confluence of the I-10 and I-15 freeways across from Ontario Mills, California’s largest outlet and value retail shopping destination at 1.7 million-square-feet, as important to its decision. Ontario Mills attracts more than 20 million visitors annually.

Faris Lee also worked with Oxylane Groupe-Decathlon and the City of Ontario to ensure the site met the retailer’s plans for a store opening to be announced at a later date.

“At first the center was a major marketing challenge because of its 85 percent vacancy,” said MacLellan. “However through Faris Lee’s proprietary investor database we were able to utilize a national and international database of buyers to identify an owner-user who planned on occupying a large portion of the center.”

Contact: Darcie Giacchetto, Spaulding Thompson & Associates, For Faris Lee Investments, 949.278.6224

Crossman & Company Negotiates Two New lease agreements for 3,170 SF at retail centers in Orlando

ORLANDO, FL - Crossman & Company, one of the largest third-party retail leasing and management firms in the Southeast, recently negotiated new lease agreements for 3,170 square feet at two Orlando shopping centers.

John Crossman, president of Crossman & Company said leasing associate Daniel Germano (top right photo)  represented landlord, F.F. Fashion Village Partnership in a four-year lease agreement for 2,420 square feet at 3837 East Colonial Drive in Fashion Village. The new tenant, Avarta Wellness, provides chiropractic services.

Germano and associate Whitaker Leonhardt negotiated a three-year lease on behalf of the landlord Northbridge at Millennium Partners, a subsidiary of Concord Management, Ltd., for 750 square feet at Northbridge at Millenia Lake near the Mall at Millennia in southwest Orlando. The tenant, Pizza Napolitana, leased the space for three years.

For more information,  please contact:
Daniel Germano, Crossman & Company/ICSC Florida Next Generation Chair, 407-423-5400 dgermano@crossmanco.com;
John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com;
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com

Arbor Closes $2,25M Fannie Mae DUS® Small Loan for Echo Park Apartments inLos Angeles, CA

UNIONDALE, NY - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,250,000 loan under the Fannie Mae DUS® Small Loan product line for the 28-unit complex known as Echo Park Apartments (top left photo)  in Los Angeles, CA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.85 percent.

The loan was originated by Greg Gillam (bottom right photo), Director, in Arbor’s full-service Manhattan Beach, CA, lending office.

 “This is another example of Fannie Mae’s ability to provide low-cost financing for apartment properties in Southern California that offer rental rates that are at or below market rents in the area,” Gillam said.

Contact:  COstrowski@arbor.com