Lincoln Property Co. Promotes Megan Watkins to Associate Director of Management Services

  

 

Megan Watkins

PHOENIX, AZ,  July 14, 2016 – Lincoln Property Company (LPC) Desert West has promoted Megan Watkins to Associate Director of Management Services.

In her new role, Watkins will help direct LPC’s regional portfolio of more than 6 million square feet of office, industrial and retail space. She will also work with LPC leadership to expand the company’s already active regional property management footprint.

“Megan has an extremely positive presence and reputation – achievements she has earned through hard work, client commitment and a deep knowledge of the market,” said Lincoln Property Company’s Executive Vice President David Krumwiede. “She is a true reflection of the high standards of Lincoln Property Company, and a valued addition to our leadership team.”

Based in Phoenix, LPC’s Desert West region has enjoyed a record 18 months, with more than $300 million in investment and development activity, and the addition of more than 1 million square feet of new property management assignments. “We have grown – and continue to grow – from our superior results and stellar relationships,” said Watkins. “Lincoln has an outstanding pipeline of opportunities that I am excited and honored to represent.”

For the past two years, Watkins has served as President of the Greater Phoenix chapter of the Building Owners and Manager’s Association, a leading organization of more than 300 local members providing education and advocacy for the commercial real estate industry.

David Krumwiede

During her 17-year career, she has been involved with the management of more than 1.3 million square feet of Arizona real estate, working closely with local and institutional clients, tenants, vendors and contractors, and implementing company-wide policies and procedures for property management, marketing and compliance. 

She most recently served LPC as Senior Property Manager of Paradise Village Office Park, where she was instrumental in the renovation of the Class A Paradise Valley office project.

Watkins earned her Real Property Administrator (RPA) designation through the Building Owners and Managers Institute (BOMI) in 2008 and her Facilities Management Administrator (FMA) designation from BOMI in 2010. In 2015, she was part of the LPC team to accept an International BOMA 

“The Outstanding Building of the Year” (TOBY) award, the highest award possible from BOMA for LPC’s management of the Arizona Game & Fish (AZGF) Department Headquarters in Phoenix. The building was among only fourteen buildings from across the world to earn the International honor.

To discuss property management opportunities with Lincoln Property Company in the Desert West region, please call David Krumwiede, John Orsak or Megan Watkins at (602) 912-8888.

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

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

With Over 110 Years In The “Remaking,” Old New York Meets New New York This July as Landmark Hotel is Reborn

  

HGU New York Hotel, NoMad District at 34 East 32nd Street, Manhattan, NY

(NEW YORK, NEW YORK – July 12th) – Alfa Development, one of Manhattan’s leading real estate companies, will be opening its first boutique hotel project, HGU New York. Alfa Development has invested $18 million in renovations of HGU New York, located in the NoMad District at 34 East 32nd Street.

 The hotel will manifest the city’s history through its original architecture, curated art programming and multifaceted eclectic design.

The hotel lobby preserves the history of the 1905 landmark Beaux-Arts structure designed by architect Frederick C. Browne. To inject a modern New York sensibility to the property, Alfa Development has enlisted hospitality designer Peter Guzy of Asfour Guzy Architects as well as DD Allen of Pierce Allen Design.

Michael Namer

The fusion of these two visions is a mindfully designed and eco-conscious hotel, where guests enjoy in the ambience of communal spaces.  Alfa Development brings a sensibility in design and modern infrastructure to hospitality, including a state of the art HVAC system decreasing the carbon footprint by 50%.

“We look forward to introducing our motto, history, architecture, and sustainability on a human scale into one of the world’s most robust hotel markets,” adds Michael Namer, CEO of Alfa Development.

“While the renovation brings new life to this landmark hotel, we are preserving the historic elements to what we believe the hotel would have offered, providing guests with an experience grounded in a century-long New York point of view.”

HGU New York has also partnered with Gallery 151, a premier contemporary art gallery based in lower Manhattan. The curated art will showcase contemporary pieces, drawing inspiration from urban backdrops of New York City’s emerging artists and feature icons such as Fab 5 Freddy and Liz Markus, among many others.

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

SHADOW PR                                               

212-972-0277

Jamie D’Attoma

Jamie@ShadowPR.com

Marcus & Millichap Arranges $6.83 Million Sale of Panama City, FL Walgreens

Lori Schneider

PANAMA CITY, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Walgreens, a 14,550-square foot net-leased property located in Panama City, Fla. The asset sold for $6,630,000 equating to $455 per square foot.

“Passive private investors looking for safety of yield and little management responsibilities continue to drive sales in the drugstore sector. Because Florida has no state income tax or Rite Aid competition, well-located assets in the state are highly coveted,” says Lori Schneider, a senior vice president investments in Marcus & Millichap’s Fort Lauderdale office.

Schneider represented the seller, a limited liability company from Columbia, S.C.  The buyer was a private investor from Lexington, K.Y.

Built in 2010 on a 1.77-acre parcel, Walgreens has 20 years remaining on the absolute net lease with no landlord responsibilities and 50 one-year options. The property is located at 635 East Highway 98 at the signalized intersection of Business Highway 98 and Martin Luther King, Jr. Boulevard. It is across from Bay Medical Center, a 323-bed full-service hospital and medical center.

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

 

Ryan Nee

Vice President / Regional Manager

 Fort Lauderdale, FL

(954) 245-3400

Berkadia Completes Sale of 208-Unit Winter Springs, FL Apartment Community

Columns at Winter Springs Apartments, 1020 Chatham Pines Circle, Winter Springs, FL

Hal Warren

ORLANDO, FL --- Berkadia, one of the nation’s largest and most active multifamily investment banking and research companies, recently negotiated a $23,325,000 cash sale for Columns at Winter Springs at 1020 Chatham Pines Circle in the robust Winter Springs/Casselberry/Oviedo submarket. 

Berkadia’s Senior Directors Hal Warren and Jason Stanton, along with Managing Director Cole Whitaker, negotiated the transaction representing the Seller, Seminole-Winter Springs Associates LLC based in Atlanta.

Nashville-based Winter Springs Multifamily Partners, LLC purchased the property consisting of 208 one, two and three-bedroom apartments on a 16+ acre park-like setting with lake views. 

Columns at Winter Springs, built in 1991-1992,  was 95 percent occupied at the time of the sale. 

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

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

  

The Preiss Company Acquires Three Student Housing Properties, Completing 10 Deals Year-to-Date

Donna Preiss

  

RALEIGH, N.C./TAMPA, FLA./INDIANAPOLIS, IND., July 12, 2016—Officials of The Preiss Company, the nation’s third largest, privately-held, student housing owner-operator, today announced that it continues to aggressively add to its student housing portfolio with the acquisition of three properties for an undisclosed amount in joint ventures with a private equity group.

 The properties include the 4050 Lofts, a 722-bed complex adjacent to the University of South Florida in Tampa; The Avenue, a 358-bed property serving Indiana University-Purdue University Indianapolis (IUPUI); and the 162-bed Campus West at Tyron near North Carolina State University.  

In what is shaping up to be a record year for the company, the acquisition marks 10 student housing properties acquired year-to-date.

  The properties also add two new campuses to the company’s portfolio.  The Preiss Company will oversee a renovation/upgrade program at two properties, as well as operate all three complexes. 

“We already have achieved our previously stated goal of adding 10 properties in 2016 by the midpoint of the year and continue to have an aggressive appetite for more,” said Donna Preiss, founder and CEO, The Preiss Company.  “We remain confident in the student housing outlook and have a very active nationwide pipeline.”

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

Patrick Daly

Office Manager

Daly Gray, Inc.

patrick@dalygray.com

Office:  (703) 435-6293

Cell:  (703) 300-8289

www.tpco.com

.  

Bayer Properties Appoints Chris McDuff Vice President of Property Management

  

 

Chris McDuff

BIRMINGHAM, AL,  July 12, 2016 — Bayer Properties announced today the appointment of Chris McDuff as vice president of property management. McDuff will oversee all aspects of property operations for Bayer’s mixed-use portfolio, which totals more than 10 million square feet.

McDuff will report directly to Molly Mackenzie, Bayer Properties’ chief operating officer. McDuff joins Bayer Properties from Birmingham-based Johnson Property Services, LLC, where as executive vice president he led and directed all aspects of leasing, brokerage and property management services for the firm’s real estate portfolio.

“Chris has an impressive background in property management and an excellent reputation in the industry,” said Jeffrey Bayer, president and CEO of Bayer Properties. “His expertise and industry knowledge is extensive, and we believe he will play a significant role in Bayer Properties’ continued success.”  

McDuff brings more than 20 years of experience in asset management, property management, leasing, client relations, business development and brokerage services.

McDuff is a licensed real estate broker in the State of Alabama and holds the following designations from the Institute of Real Estate Management: Certified Property Manager (CPM®), Accredited Residential Manager (ARM®) and Accredited Commercial Manager (ACoM®). Additionally, he has earned the Certified Military Residential Specialist (CMRS®) and the Masters in Commercial Property (MICP®) designations.

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

Savannah Durban

 The Wilbert Group

 Tel: 404-343-0870

 sdurban@thewilbertgroup.com

www.bayerproperties.com

Regency Centers Announces Common Stock Offering

JACKSONVILLE, FL --(BUSINESS WIRE)-- Regency Centers Corporation (“Regency” or the “Company”) (NYSE: REG) today announced an underwritten public offering of 4,350,000 shares of its common stock. In addition, the Company will grant the underwriters a 30-day option to purchase up to an additional 652,500 shares of its common stock.

BofA Merrill Lynch and Wells Fargo Securities are acting as joint book-running managers for the offering.

The Company intends to use net proceeds from the offering, plus available cash balances, to redeem its outstanding $300 million 5.875% senior unsecured notes due June 15, 2017 (the “Notes”), including a required make-whole premium.

The Company also intends to use a portion of the net proceeds to settle in full forward starting swaps (the “Swaps”) with notional amounts of $220 million. Such Swaps were originally intended for a planned new debt issuance in 2017 to refinance the Notes now targeted for redemption. The make-whole premium and Swaps settlement are expected to total approximately $58 million.

There will be no impact to Core Funds from Operations (“Core FFO”) as a result of these one-time charges; however, the combined one-time charges will reduce net income attributable to common stockholders (“Net Income”) per share and NAREIT Funds From Operations (“NAREIT FFO”) per share by approximately $0.58 in the third quarter of 2016.

The estimated impacts to per share amounts for Net Income, NAREIT FFO and Core FFO do not include the interest savings for the remainder of 2016 as a result of the redemption of the Notes. The Company intends to use the remaining portion of the net proceeds, if any, to fund investment activities and for general corporate purposes.

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

Regency Centers Corporation

Patrick Johnson, 904-598-7422

PatrickJohnson@RegencyCenters.com

Lincoln Signs Two New Leases at Lenox Center in Atlanta, GA; , Brings Property to 95 Percent Occupancy

Jeff Henson

ATLANTA, GA (July 11, 2016) – Lincoln Property Company Southeast (Lincoln) has brokered two new office leases totaling 4,800 square feet at Lenox Center, a prime office building located in Atlanta’s Buckhead submarket.

Jeff Henson, George Gwaltney and Hunter Henritze of Lincoln represented the landlord, HD Realty, in the transactions.

Bell Partners, Inc. signed a new lease for 2,428 square feet. John Thornton and Bennett Gottlieb with CBRE represented the tenant. Additionally, The Hanover Company signed a new lease for 2,372 square feet. The addition of these two tenants brings the property to 95 percent occupancy.

“Attentive management and top-notch amenities are the assets that today’s office tenants are seeking,” Henson said. “HD Realty’s commitment to quality and excellence is the main reason this building is almost at stabilization.”

George Gwaltney

HD Realty recently completed a $1.3 million lobby renovation, including new tile flooring, new millwork, modern lighting, a new interactive electronic building directory system and a stunning new architectural light fixture that acts as a focal point in the seating area.

In addition to the lobby renovation, new canopies and tile have been added to the property at the front and rear access points, along with new signage for the building and other enhancements to the buildings appearance.

  

For more information on the Southeast Region of Lincoln Property Company, please visit lpcsoutheast.com. To check out the blog, go to www.lpcsoutheast.com/blog. 

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

Savannah Durban

The Wilbert Group

404-343-0870

sdurban@thewilbertgroup.com

Sunbeam Properties Raises Walls on New Office/Flex Building; MPC-30 adds 71,000 sq. ft. to the Miramar Park of Commerce

MIRAMAR, FL (July 11, 2016) – Sunbeam Properties & Development is raising the walls on MPC-30, a 70,948 sq.-ft. spec office/flex building at the Miramar Park of Commerce, the largest locally owned and managed business park in South Florida.

MPC-30 is the first office/flex building that Sunbeam has built in the Miramar Park of Commerce since 2006.

Maridee Bell

“Today, there is significant demand for high-quality flex/office space with high parking ratios in southwest Broward County. However, there is a limited supply of existing properties that meet those criteria,” said Jonathan Kingsley, executive vice president of Colliers International and broker for MPC-30.

“That, coupled with increasing rental rates for office and industrial space, has provided an opportunity for Sunbeam to contribute new flex space options to the market.”

  

MPC-30 will offer impact resistant glass, Miramar Parkway frontage with lighted signage, a five per thousand parking ratio and subdivision capability to accommodate a 5,000 sq.-ft. tenant. Interior features include 14 feet of clear ceiling height, a 126-foot non-shared truck court and bays that are 130 feet deep. Completion is scheduled for Q4.

“We are currently at 97 percent occupancy in our flex/office product at the Park, so the timing of MPC-30 is right,” said Maridee Bell, vice president of Sunbeam Properties. “This new building offers prospective tenants a location in a campus-style setting, Miramar Parkway frontage, excellent parking, private entrances to offices, extensive glass, individual signage, round-the-clock access and full control of their electric and HVAC systems.”

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

954-776-1999

Pierson Grant Public Relations

Lexi Robinson, ext. 255

lrobinson@piersongrant.com

Berger Commercial Realty Secures Nearly 5,000 Square-Feet in Lease Transactions for Tenants in Coral Springs, FL and Weston, FL

Stephanie Bernota

FORT LAUDERDALE, FL (July 11, 2016) - Berger Commercial Realty Sales Associate Stephanie Bernota and Palm Beach Managing Director Michael Feuerman recently secured 4,767 square-feet in lease transactions for tenants in Coral Springs and Weston.

Michael Feurman

Bernota represented Feeney Enterprises, Inc. and Cabinetmaker Warehouse in leasing 2,030 square-feet of space each from Santo Expedito Real Estate, Inc. at Sawgrass Business Park, located at 4368 N.W. 120th Avenue in Coral Springs.

Feuerman represented Michael Simpson, Ph.D., PA in leasing 707 square-feet of space from The Realty Associates Fund VIII, L.P. at the Chase Bank Building, located at 1040 Weston Road in Weston.

For more information about Berger Commercial Realty's tenant representation services, call 954-358-0900.

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

 954-776-1999

Lexi Robinson, ext. 255, lrobinson@piersongrant.com

Marielle Sologuren, ext. 226, msologuren@piersongrant.com 

Marcus & Millichap Arranges $4.5 Million Sale of 34,250-SF Orange City Town Center in Orange City, FL

Nicholas Ladvora

ORANGE CITY, FL, July 11, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Orange City Town Center, a 35,250-square foot retail property located in Orange City, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $4,500,000.

Nicholas Ledvora, CCIM, senior associate in the firm’s Tampa office, Chad E. Atwood, senior associate in the firm’s Jacksonville office, and John L. Graves, associate in the firm’s Orlando office, all had the exclusive listing to market the property on behalf of the seller, a limited liability company.  

The buyer, a limited liability company, was also secured and represented by the same brokerage team.

Orange City Town Center, a 35,250-square foot, multi-tenant, mixed-use property, is positioned on one of Volusia County’s primary retail arteries at 2751 Enterprise Road in Orange City, Florida.

John L. Graves

Built in 2007, the building has two floors with an approximately 18,300-square foot floor plate. Orange City Town Center sits at the front of Orange City Medical Park and is approximately 0.3 miles south of Florida Hospital Fish Memorial, the largest employer in Orange City. At the time of sale, the property was approximately 96 percent leased.

“The sale worked out well for both parties. The sellers have attempted to sell through several other brokerage firms without success; while the buyers noticed some operational inefficiencies that will allow them to realize a much better yield through the execution of a diligent management strategy,” stated Ledvora.

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

Richard D. Matricaria

First Vice President / Regional Manager

 Tampa, FL

(813) 387-4700

Charles Dunn Co. Completes $8.1 Million Sale of 31-Unit Apartment Property in Hollywood Submarket of Los Angeles

6021-6029 Carlton Way Apartments, Hollywood, CA

 LOS ANGELES, CA, July 11, 2016 – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $8.1 million sale of a fully occupied 31-unit apartment property located at 6021-6029 Carlton Way in the Hollywood submarket of  Los Angeles.

Bryan Glenn, senior director with Charles Dunn Company, represented the buyer, a private Los Angeles-based investment company. The seller, a Los Angeles-based private investor, was represented by Coldwell Banker Commercial. The closing cap rate was 3.5 percent and the price per unit was just over $261,000.

Bryan Glenn

“Hollywood is one of the hottest submarkets in Southern California with a tremendous amount of residential and commercial redevelopment,” said Glenn.

“It also benefits from an influx of tenants taking brand new creative office space such as Netflix’s relocation to the Icon building on Sunset Boulevard adjacent to Sunset Bronson Studios. This property is extremely well-positioned to benefit from the continuing growth in Hollywood and the demand for high quality rental housing.”

Glenn added: “The buyer was attracted to the asset’s fantastic Hollywood location and the high level of opportunity to add significant value through renovation and bringing rents to market rates.”  

Built in 1963, the property includes two, two-story buildings with a mix of studio, one-, two- and three-bedroom units and includes covered parking and a laundry facility. 

It is walking distance to Hollywood and Sunset Boulevard, the Hollywood / Vine Red Line Metro, W Hotel, Henry Fonda Theatre, Sunset Bronson Studios, Emerson Arts College, Columbia Square, and other key destinations.

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

darcie@dagicomm.com

www.charlesdunn.com

HFF closes $98.25 million sale of and arranges $63.86 million financing for Two Class A seniors housing properties in suburban Philadelphia and New York City

  The Solana Roseland Apartments , 345 Eagle Rock Avenue, Roseland, NJ  

Sarah Baccich

DALLAS, TX, July 11, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $98.25 million sale of two Class A seniors housing communities – The Solana Roseland in Roseland, New Jersey and The Solana Willistown in Willistown, Pennsylvania.

HFF marketed the offering exclusively on behalf of the seller, Formation-Shelbourne Senior Living Services, and procured an undisclosed buyer. 

In addition, HFF assisted the new owner in securing a $63.86 million acquisition loan through Cornerstone Real Estate Advisers, one of the largest global real estate investment advisers, acting on behalf of an institutional client.

The Solana portfolio encompasses 118 assisted living and 53 memory care units in a variety of options ranging from studio to two-bedroom floor plans.

  The Solana Roseland is located at 345 Eagle Rock Avenue just off Interstate 280 in northern New Jersey offering convenient access from surrounding New Jersey suburbs, including Parsippany-Troy Hills, Morristown, Montclair, East Orange, Newark, Jersey City as well as New York City.

The Solana Willistown Apartments, 1713 West Chester Pike,
Willistown, PA

 The Solana Willistown is located at 1713 West Chester Pike in the affluent western Philadelphia suburb of Willistown.  The market area includes Newtown Square, Paoli and West Chester. Completed in 2013, the properties are 94 percent leased overall and total 74,222 rentable square feet.

The HFF seniors housing team representing the seller was led by senior managing directors Ryan Maconachy and Chad Lavender.  Associate director Sarah Baccich led the team’s debt placement efforts on behalf of the buyer/borrower.

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

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

www.cornerstoneadvisers.com.

HFF closes $28.9 million sale of garden-style apartment complex in San Diego, CA

  

Sun Ridge Apartments, 8729 Graves Avenue, Santee, CA

Hunter Combs

SAN DIEGO, CA, July 11, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $28.9 million sale of Sun Ridge Apartments, a 160-unit, garden-style apartment complex in the East San Diego County community of Santee, California.

HFF marketed the asset on behalf of the seller, MG Properties Group, and procured the buyer, Stratford Partners.  The property was sold free and clear of existing debt.

Sun Ridge Apartments is located at 8729 Graves Avenue adjacent to SR-52 and SR-67. 

Situated on 5.45 acres, the community is approximately 19 miles northeast of downtown San Diego and less than two miles from Santee Town Center and Santee Trolley Square, which offers numerous retail, dining and entertainment amenities, as well as light rail access through central and downtown San Diego. 

The gated community has 16 one-bedroom and 144 two-bedroom units averaging 843 square feet and features a swimming pool, covered picnic area with grills, gated dog runs, children’s playground and 24-hour laundry facility.

Sean Deasy

 The HFF investment sales team was led by director Hunter Combs and senior managing director and co-head of the national multi-housing investment sales platform, Sean Deasy.

“The 52 freeway extension has dramatically cut Santee resident’s commute times to San Diego’s top employment hubs, including Kearny Mesa and UTC,” said Combs. 

“With new nearby shopping and entertainment attractions, a transit-oriented location and top-tier schools, including Grossmont College and the new San Diego Christian College, Sun Ridge Apartments is very well positioned for long-term growth.”

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

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

29th Street Capital Expands Phoenix, Las Vegas and San Diego Multifamily Office

Christine Mueller

Phoenix, AZ) – Christine Mueller has joined 29th Street Capital (29SC) as an Associate focusing on Phoenix, Las Vegas & San Diego.

 Mueller is responsible for all facets of the privately-held real estate investment and advisory firm’s asset management strategies and will be vital piece of the multifamily acquisition platform including assisting 29SC expand into the San Diego market. 

“We are extremely excited to have Christine join us and focus on managing our growing portfolio in Phoenix and Las Vegas while helping us to expand our national footprint by entering the San Diego market,” said 29th Street Vice President of Acquisitions Dusty Eddy.

“Christine has many years of experience in the real estate industry and a great fundamental understanding of the acquisition and asset management process. 

"We look forward to growing our platform in our existing markets, adding San Diego properties to our portfolio and executing our strategy on our existing portfolio.”

Mueller brings over five years of institutional experience in financial analysis, asset management and acquisitions. Most recently, she worked as a Senior Financial Analyst preparing financial reports and analyses for her Executive Management team.

 Before that, she supported the asset management team in the planning, forecasting and budgeting process for a Scottsdale-based publicly-traded REIT with over $3.3 billion in assets.

“What an amazing opportunity to join this emerging entrepreneurial team,” Mueller said. 

Dusty Eddy

“The growth that 29th Street Capital has been able to achieve in such a short amount of time in the Phoenix market has been truly remarkable.  I am excited to not only strengthen our portfolio there, but also to help expand upon this success in San Diego.”

In addition to managing the existing portfolio, including oversight of the renovation processes in Phoenix and Las Vegas, her responsibilities will include assisting in new acquisitions in existing markets as well as in the newly-entered San Diego market.

Formed in 2009, 29SC is a privately-held real estate investment and advisory firm that employs a value-added investment strategy on properties that are below the radar of institutional peers. 29SC’s current portfolio consists of over 6,200 units and it has acquired over 8,000 units across its nine offices in the U.S. Learn more about 29SC at www.29thstreetcapital.com.

For investment inquiries, contact:

Stan Beraznik, Founder and Managing Principal at 29th Street Capital

415.643.6875 | sberaznik@29thstreetcapital.com

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

terri@territhornton.com