Thursday, September 28, 2017

Healthcare Executive Andrew Hoover Joins Meridian as Vice President of Business Development


Andrew Hoover
SAN RAMON, CA - Meridian, a full-service real estate developer specializing in acquiring and developing real estate facilities for the healthcare sector, announced  senior healthcare executive Andrew Hoover has been hired as Vice President of Business Development.

Hoover will play a leadership role in business development and facility acquisition for Meridian’s portfolio of major medical industry clients in the Southern California market. He will be based in the firm’s Irvine, California office.

"We’ve been building our Southern California team and Andy Hoover is the perfect addition to execute Meridian’s growth plans," said John Pollock, Chief Executive Officer of Meridian. 

"Hoover’s healthcare provider experience at Providence St. Joseph Health where he held various leadership roles within their real estate division brings a wide-ranging healthcare skillset to our organization that will be instrumental in further developing our Southern California presence.”

In his new position, Hoover will be assisting Meridian’s healthcare group in business development and asset management, using his experience in healthcare expansion, leasing and operations to bring a greater focus to the client services function at Meridian’s Southern California office.

John Pollock
 “With over 19 years of experience in healthcare real estate, Andy has profound insight into the various components that drive healthcare development today,” said Pollock. “His outstanding track record shows his commitment to excellence in client services and we’re looking forward to utilizing his expertise to further expand our out-patient portfolio in Southern California and beyond.”

"I am excited to be joining the Meridian team,” said Hoover. “Meridian is highly recognized as an industry leader in the healthcare sector and has the best people and the best resources to deliver prime real estate solutions to the industry. I’m looking forward to using my experience in and knowledge of the healthcare industry to add value to Meridian’s already stellar client services focus.”

A graduate of University of Southern California (USC), Hoover served in a number of roles at Providence St. Joseph Health in Torrance, California. Hoover’s start at Providence involved joining the team that organized the Southern California real estate department. Hoover played key roles in several large acquisitions, assisting and identifying the real estate obligation for the Facey Medical Foundation and Providence St. Joseph’s acquisitions. 

For more information on this press release, please contact:

Rivergate KW Residential Hires Eddie Yarmer as Senior VP of Operations


Eddie Yarmer

MIAMI, FL,Sept. 28, 2017 - RIVERGATE KW RESIDENTIAL, a leading multifamily property management company, has announced the hiring of Eddie Yarmer as Senior Vice President of Operations for the Florida, Georgia and Texas markets. In this role, he will be responsible for overall property operations, execution of corporate strategy and business development.

Yarmer is well-versed in all phases of development, management and dispositions through his extensive experience in multifamily markets.  He is a seasoned professional in luxury high- and mid-rise mixed-use developments in both core and urban areas, and also brings exceptional expertise in managing value-add projects.

Additionally, Yarmer has a proven track record in effectively working and consulting with developers throughout the design stage of assets, including floor plan, amenity review and pricing strategy. Recognized in the industry for his outstanding people skills, Yarmer is a Certified Apartment Manager (CAM) and is a Certified Property Manager (CPM) through the Institute of Real Estate Management (IREM).

“We are pleased to welcome Eddie to the RIVERGATE KW RESIDENTIAL family,” said Marcie Williams, president of RIVERGATE KW RESIDENTIAL. “His previous work has been outstanding, and I have no doubt that our partners and residents will greatly benefit from the experience he brings.”

Prior to joining RIVERGATE, Yarmer served as Managing Director for Greystar Real Estate Partners, overseeing approximately 16,000 units. He possesses a wealth of industry experience and knowledge, having also worked with firms such as Gables Residential, ING Clarion and Archstone-Smith.

Marcie Williams
In the past few months, RIVERGATE KW RESIDENTIAL has enjoyed substantial growth in the South Florida market, having taken over the management of Vue at 1400 in West Palm Beach, Circ Residences in Hollywood, 2500 Biscayne, ArtSquare in Hallandale Beach and Yoo in Atlanta.

“I am thrilled to begin working with the RIVERGATE KW RESIDENTIAL team,” said Yarmer. “The company is known for delivering top-quality management, and I look forward to being part of its continued growth and success.”

For more information on this press release, please contact:

Eric Kalis, BoardroomPR
954-370-8999

.



Daum Commercial Directs Sale of 8.9 Acre Land Site in Los Angeles, CA Basin


Dennis Sandoval
IRWINDALE, CA – DAUM Commercial Real Estate Services has completed the sale of an 8.9-acre land site in Irwindale, California on behalf of the seller, Harrison Nichols Company. The parcel is one of just a few of its size in the Los Angeles Basin region, according to Dennis Sandoval, Executive Vice President at DAUM Commercial.

“With limited infill land sites in the supply-constrained region, the opportunity to acquire this property proved very appealing to several developers,” explains Sandoval, who directed the disposition with Tom Phelan, a Vice President at DAUM. “San Gabriel Valley’s industrial vacancies are holding in the low-2-percent range, so this is an investment that will prove highly valuable for the buyer.”

The buyer, privately-owned industrial real estate developer CenterPoint Properties, will benefit from the site’s existing lease with UPS, as well as its potential for future development, according to Sandoval.

“This property was well positioned for sale based on our team’s long history of work with the seller – a family-run, Southern California-based long-term truck hauling business,” he explains.

“DAUM established a deep relationship with Harrison Nichols Company and served as their corporate real estate consultants and a single point of contact on valuations, lease renewals, and personal investments for several years. Based on this tenure, we were uniquely positioned to understand our Client’s goals, and to identify a buyer and structure a transaction that maximized value for the site.”

The land, which housed the seller’s operations for more than 40 years, is currently leased to United Parcel Service (UPS) for vehicle storage. DAUM assisted in negotiating the lease with UPS in 2015.

Tom Phelan
“By securing this lease, we were able to offer buyers the opportunity to purchase one of the few available parcels of land in the highly-developed and desirable Los Angeles Basin with the added benefit of an in-place lease with a Fortune 100 company,” Sandoval notes.

In the long term, the buyer plans to utilize the land for an industrial development. Until then, the existing lease with UPS will help to supplement the cost of the parcel, according to Sandoval.

The property, located at 5265 4th Street in Irwindale, California, was acquired for $9.8 million. Mike Fowler of JLL represented the buyer in this transaction.

For more information on this press release, please contact:

Lauren Burgos ·
Junior Account Executive
O 949 955 7940
Brower, Miller & Cole
The Smart Agency™ for Smart Clients who want Smart Work
895 Dove Street, Third Floor · Newport Beach, CA 92660
Website · Facebook · Twitter · Instagram




Tuesday, September 26, 2017

$110 million sale of Hyatt Centric The Loop Chicago hotel announced by HFF

  
 
Hyatt Centric The Loop Chicago
 CHICAGO, IL – Holliday Fenoglio Fowler, L.P. (HFF) announces the $110 million sale of Hyatt Centric The Loop Chicago, a 257-room, full-service hotel in the Central Loop area of Chicago, Illinois.

The HFF team marketed the property on behalf of the seller, an affiliate of Murphy Development Group.  Deka Immobilien purchased the asset.

Developed in 2015 by the seller, the 22-story Art Deco Hyatt Centric The Loop Chicago features the AIRE seasonal rooftop bar with panoramic city views, Cochon Volant restaurant and bakery, The Corner cafe, 24-hour fitness center, 2,500 square feet of event space, business center and pet-friendly accommodations. 

Situated at 100 West Monroe Street, the hotel is centrally located in Chicago’s Loop in the heart of the financial district and within walking distance to transportation, restaurants, shopping and entertainment.

The HFF investment sales team representing the seller included senior managing directors Jaime Fink and Jeffrey Bramson, senior director Jeff Bucaro and associate Nicole Aguiar.

“Jaime Fink and the HFF team did an exceptional job in developing a unique structured transaction which proved to successfully meet the business objectives of both buyer and seller,” said John Murphy of Murphy Development Group.  “We are satisfied with the results and look forward to our long-term engagement with Deka Bank.”

For more information on this press release, please contact:

Kristen M. Murphy
Director, Public Relations
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

WNC Promotes Anil Advani to Executive Vice President, Originations & Finance

  
 
Anil Advani
IRVINE, CA – WNC, a national investor in real estate and community development initiatives, announced it has promoted Anil Advani to executive vice president of originations and finance.

In his new role, Advani will lead WNC’s growing originations team and oversee the development of the firm’s strategic relationships with key lenders. 

He joined WNC in 2011 and most recently has been responsible for oversight of the firm’s proprietary funds, investor due diligence and originations/syndication team.

“Anil is a respected leader with 20 years of experience in the low-income housing tax credit industry, and I couldn’t be more pleased to announce his new role with WNC as we look to continue the growth and diversification of our firm,” said WNC President and CEO Will Cooper Jr.

Prior to joining WNC, Advani served as managing director with Red Capital Group, working in the company’s tax syndication group. He was responsible for originating and underwriting tax credit investments for placement into corporate tax credit funds. Advani also served as manager of tax credit investment advisory services of Ernst & Young, performing due diligence on tax credit funds. He began his career in 1996 with the Reznick Group.
                  
Advani holds a bachelor’s degree from the University of Texas, Austin, and a juris doctorate from American University.

 For more information on this press release, please contact:

Julie Leber
Spotlight Marketing Communications, Inc.
265 S. Anita Drive, Suite 250
Orange, California 92868
(949) 427-5172 ext. 703 direct
(509) 338-5676 cell



Hold-Thyssen Negotiates New Lease at Oakhill Hospital Medical Office in Brooksville, FL


Carol L. Kinnard
BROOKSVILLE, FL --- Hold-Thyssen, LLC, a full service commercial real estate firm with offices in Clearwater and Winter Park, recently negotiated a lease agreement for 1,326 square feet of medical office space at Oakhill Hospital Medical Office Condo, 11315 Cortez Blvd. in Brooksville, Hernando County, Fla.   

Carol L. Kinnard, transaction specialist at Hold-Thyssen, negotiated the transaction with Oak Hill Hospital staff on behalf of the landlord of the medical complex, a private investor.   The new tenant is Nature Coast Cardiology Specialists.  The three-year lease provides funds for minor tenant improvements.

Hold-Thyssen provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more than100 commercial properties throughout the United States.

For more information on this press release, please contact:

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




Monday, September 25, 2017

Pathway to Living Becomes First US Senior Housing Operator to Offer Spark of Life Dementia Care; Senior living community in Westmont, IL marks Australia-based program’s stateside debut

  
Jane Verity

CHICAGO, IL — Pathway to Living announced that Aspired Living of Westmont, a 107-unit assisted living and memory care community scheduled to open this month in Westmont, Ill., will be the first senior housing community in the United States to provide residents with the Spark of Life Philosophy, a breakthrough program of treatment and support for dementia care.

First launched in Australia in 2007, Spark of Life was developed under the guidance of Jane Verity, a pioneer in the field of dementia care and research with a background in Tom Kitwood’s person-centered care and the Eden Alternative.

Designed to reverse the symptoms of dementia – a process called rementia – Spark of Life focuses not just on the physical needs of memory care residents, but also their social, emotional and spiritual well-being. By creating a stimulating environment in which each person is encouraged to participate, the program has been shown to improve memory, language, communication and behavior in people living with dementia.

Maria Oliva

“The key to Spark of Life lies in a heart-to-heart connection that enables a person with dementia to reconnect with their spirit – the inner driving force that restores zest for life,” said Verity.

Pathway to Living, which owns and operates 30 senior living communities in four states, is integrating Spark of Life into its A Knew Day memory care, founded on industry best practices and the latest research in dementia treatment.

 In order to offer Spark of Life, members of the Pathway team traveled to Australia to complete an intensive three-week course in order to become certified master practitioners, a requirement for implementation of the program.
                     
“We diligently seek out ways to improve the care for our residents with dementia and believe this remarkable therapy succeeds in rekindling the essence – or spark – of life,” said Maria Oliva, Pathway to Living’s chief operating officer. “Spark of Life aligns seamlessly with our existing memory care programs offered at all Pathway communities. We’re excited to introduce it to both residents and their families.”
  
Helen Brown

nder the leadership of Pathway’s two master practitioners, Aspired Living of Westmont will work toward becoming the country’s first Spark of Life Centre of Excellence, a designation that proves 100 percent compliance and success of the program.

 The two-year process involves submitting quarterly reports that measure the effectiveness of care provided and willingness to go beyond minimum standards for meeting the emotional needs of residents. A goal of the program is to reduce the amount of antidepressants, antipsychotics and sedatives often administered to residents.

“Most assisted living programs meet the basic physical needs of residents, but too often they focus on what a person is unable to do rather than what they can accomplish,” said Helen Brown, director of A Knew Day at Pathway to Living. “With Spark of Life, we look beyond the four D’s – diseases, disabilities, difficulties and differences – and give focused attention to residents, encouraging those who have withdrawn to re-engage, both internally and externally.”

Spanning 10 countries across five continents, Spark of Life has been recognized by the Global Ageing Network (formerly the International Association of Homes and Services for the Aging) as a model of innovation and excellence.

The program has also been endorsed as a recommended best practice by both the Wisconsin Adult Day Services Association (WASDA) and in a collaborative study between the Wisconsin Bureau of Aging and Disability Resources and the Wisconsin Office of Quality Assurance.

In addition to implementing the philosophy at its Westmont community, Pathway is also incorporating similar practices across its portfolio as part of the company’s A Knew Day memory care programming.

“For an elderly person with dementia, the light never truly goes out,” said Oliva. “Pathway to Living seeks to be a leader in showing Spark of Life is not a cure but, instead, a reliable approach that delivers measurable results simply by honing in on each resident’s emotional needs.

“What may seem like small steps to an outside person are really significant strides for the individual living with dementia, allowing them to take back their life and reconnect with loved ones – even if it’s just for a few fleeting moments.”

Located at 407 W. 63rd St., Aspired Living of Westmont will include 73 assisted living apartments in a mix of studio, one- and two-bedroom floor plans, as well as 34 memory care studios. All plans feature in-unit baths with accessible showers. 
  
Residents of Aspired Living of Westmont can expect to receive a high quality of care while benefitting from Pathway’s award-winning VIVA! philosophy, which enriches lives through various social, educational and recreational pursuits.

Residents will also have access to a full suite of amenities that serve as an extension of their homes. They include The Sycamore Restaurant and Prairie Grass Bistro serving fresh, nutritional meals; a spa and salon; a fitness center with personal trainers; a library; a movie theater; an art studio; and landscaped outdoor walking paths.

For more information about Pathway to Living, the Spark of Life Philosophy or Aspired Living of Westmont, visit www.pathwaytoliving.com or call (888) 342-1111.

For more information on this press release, please contact:

Allen Johnson, ajohnson@taylorjohnson.com (312) 267-4513
Abe Tekippe, atekippe@taylorjohnson.com (312) 267-4528


TerraCap Management Hires Matt Stewart as New Director of Asset Management


Matt Stewart

ESTERO, FL and ATLANTA, GA -= Fund operator TerraCap Management, LLC has hired Matt Stewart as their new Director of Asset Management, bringing with him over 23 years of experience in the commercial real estate industry. 

Matt will be responsible for asset management of TerraCap’s growing Georgia portfolio consisting of 1.8 million square feet of office space and 1,100 apartment units.

 Matt spent 11 years at Trimont Real Estate Advisors, Inc in their special servicing group where he served as Senior Vice President, playing a key role in providing and implementing high quality asset management solutions for their clients. 

Steve Hagenbuckle, founder of TerraCap Management, “We are honored to have Matt Stewart play a key role in creating more value for our investors as we continue to expand our footprint throughout the south Atlantic. Matt’s experience and mature view of managing assets will be beneficial to our investors and the TerraCap team.”

Steve Hagenbuckle
“I am grateful to join such a tremendous team of professionals at TerraCap and to work on such a strong portfolio of Georgia assets.  TerraCap has a sound strategy for value-add investing that I am excited to play a role in.” says Matt.  

Matt earned his Masters in Accounting and his BS in Business Administration from The University of North Carolina at Chapel Hill.  

For more information on this press release, please contact:

Gary Tanner • The Wilbert Group
Account Executive
1720 Peachtree St., Suite 350 • Atlanta, Ga. 30309
678-677-9754
@garyttanner
LinkedIn | Facebook | Twitter



Sunday, September 24, 2017

Arbor Appoints Sam Gold as Vice President in Chicago Office


 
Sam Gold
 UNIONDALE, NY -- Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets, is pleased to announce that Sam Gold has joined Arbor as Vice President, Originations.

Mr. Gold will focus on originating Freddie Mac SBL, Fannie Mae and FHA loans in the Midwest, Dallas, Chicago and Milwaukee regions. He will be located in Arbor’s Chicago office and reports directly to John Caulfield, Arbor’s Chief Operating Officer, Agency Lending.

With more than 15 years of industry experience, Mr. Gold has expertise in a number of areas involving multifamily transactions, including originations, risk, credit, underwriting and portfolio review.

“Sam joins Arbor with a successful track record of originating agency products and brings broad industry knowledge, from credit to asset management to securitization to portfolio management,” said Mr. Caulfield. “Sam has had particular success with Freddie Mac SBL and will provide Arbor with a great opportunity to expand its presence and market share and we look forward to having him as part of our successful and growing company.”

For the past seven years, Mr. Gold was employed by JPMorgan Chase out of Chicago, first as a Vice President and Senior Underwriter, and later as an Executive Director and Client Manager.

John Caulfield
 During his tenure at Chase, he won several awards for his performance, and was ranked #1 in his region for new originations, and for three years in a row, #1 for production and performance. 

Prior to Chase, he was at Sovereign Bank/Banco Santander for nearly five years. Earlier in his career, he served as a senior commercial valuation and advisory consultant at Urban Real Estate Research, Inc. in Chicago. 

“I greatly look forward to joining Arbor and bringing in new business to the Midwest and Dallas,” Mr. Gold said. “Arbor’s commitment to building long-term relationships and providing customized end-to-end loan solutions is unmatched in the lending industry and I am excited to be part of the Company!”


Mr. Gold holds a Master of Business Administration from DePaul University and a Bachelor of Science in Management Information Systems from Miami University.

For more information on this press release, please contact:

Arbor Realty Trust, Inc. 
Bonnie Habyan
333 Earle Ovington Blvd, Suite 900
 Tel: 516.506.4615
Uniondale, NY 11553                                                                       bhabyan@arbor.com
800.ARBOR.10

Gerald Radtke Joins Berger Commercial Realty as Senior Property Manager in Fort Lauderdale, FL

  
 
Gerald Radtke
 FORT LAUDERDALE, FL  Gerald Radtke has joined Berger Commercial Realty/CORFAC International as Senior Property Manager. With more than 27 years of experience in real estate management, leasing and construction management, Radtke will help oversee the Berger Commercial Realty’s 7 million square-foot property management portfolio.

Prior to joining Berger Commercial Realty, Radtke served for four years as property manager at Liberty Property Trust, where he was responsible for the management of two industrial park associations and 17 properties totaling 910,000 square-feet.

Over the course of his career, Radtke has managed operational functions and financial reporting for major shopping centers and mixed-use retail complexes including high-profile properties such as CocoWalk in Coconut Gove and Beach Place in Fort Lauderdale, where he oversaw a $1.3 million renovation project at Beach Place.


Lloyd Berger
“Jerry’s financial background and diverse analytical capabilities will contribute to our efficient and effective management of various types of commercial real estate and will support our focus on controlling costs and maximizing income for our clients,” said Berger Commercial Realty President Lloyd Berger.

A Florida-licensed realtor, Radtke received his bachelor’s degree from Governors State University in 1992.

For more information on this press release, please contact:

954-776-1999
Pierson Grant Public Relations
Lexi Robinson, ext. 255, lrobinson@piersongrant.com

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

Saturday, September 23, 2017

Amy Mierzwinski Receives Third Annual Lori Raleigh Award for Emerging Excellence in Hospitality Consulting



Amy Mierzwinski (left) Receives Lori Raleigh Award from Kristie Dickinson,
  ISHC award committee chair and executive vice president of CHMWarnick.

 BANGKOK, Thailand -- The International Society of Hospitality Consultants (ISHC) today announced Amy Mierzwinski, MSc CHDM, as the recipient of the third annual Lori Raleigh Award for Emerging Excellence in Hospitality Consulting. Mierzwinski was honored at the ISHC annual conference, held this year in Bangkok, Thailand.

 The guest of honor received a complimentary registration and travel allowance to attend the three-day event, including access to global hospitality experts featured throughout the conference program and exclusive ISHC member networking events.

Mierzinski also was awarded a complimentary one-year Associate Membership to the ISHC to further professional relationships and continue experiencing all that the Society has to offer through events and interacting with top hospitality industry consultants from around the globe. 

Kristie Dickinson

 “Amy’s many accomplishments, achieved within her own career and on behalf of the clients she represents, are a testament to her deep knowledge of hospitality marketing strategies, leadership, professionalism, creativity and continual pursuit of growth,” said Kristie Dickinson, ISHC award committee chair and executive vice president of CHMWarnick.

“Amy has risen as a leader and trusted advisor within her own firm and throughout the industry, receiving many awards and accolades for her work.  She is actively engaged in a number of organizations, including HSMAI. Amy is a hospitality professional deserving of this recognition, and we are confident that this award will inspire and support her continued journey towards becoming a top industry leader, for which she is well on her way.”

Mierzwinski currently is a director at Horwath HTL, a global leader in hotel, tourism and leisure consulting, where she is responsible for branding, sales and marketing and revenue management consultancy. 

The award is named in honor of Lori Raleigh, who is well known as an advocate for continuing education in hospitality consulting and for supporting young talent with creative and passionate leadership. Raleigh is the founder of The Travers Group and served as the executive director of the ISHC from 2000 to 2013. She also contributed to two important industry texts, co-authoring Hotel Investments: Issues & Perspectives and serving as co-editor and contributing author of Hotel Asset Management: Principles and Practices.


Lori Raleigh
Additionally, she oversees Horwath HTL’s client service team in New York and Florida.  Prior to joining Horwath HTL, Mierzwinski held key positions with The Lacek Group, a specialty agency of Ogilvy & Mather based in Manhattan, where she managed a number of hospitality accounts, including the former Starwood, Denihan Hospitality Group and Anson-Stoner.

 Mierzwinski holds a Master of Science degree in Hospitality and Tourism Management from the Rosen School of Hospitality Management at the University of Central Florida and a Bachelor of Arts in Communications from Florida State University, as well as a Certified Hospitality Digital Marketing professional designation from the Hospitality Sales and Marketing Association International (HSMAI). She currently serves on HSMAI’s Digital Marketing Council.

"The International Society of Hospitality Consultants represents the best of the best in consulting, and becoming a member has been a long-term aspiration of mine,” Mierzwinski noted. “To be recognized with the Lori Raleigh Award for Emerging Excellence gives me a great opportunity, not only to further my career aspirations, but to build long-lasting relationships.

“Over the course of my decade in hospitality, I have seen the industry go through numerous changes in technology, the competitive landscape and, particularly in my field of marketing, with the importance of digital strategy.

“The one thing that hasn’t changed is the significance and value of the relationships I’ve made with fellow industry professionals. I look forward to my future involvement in ISHC and hope to set an example for other young hospitality consultants.”


For more information on this press release, please contact:

CHRIS DALY
PRESIDENT
DALY GRAY PUBLIC RELATIONS, INC.
620 Herndon Parkway, Suite 115 | Herndon, VA 20170
Main: 703-435-6293
Mobile: 703-864-5553

or

Lauren Marshall, Senior Manager of Marketing & Membership Services
Phone: 678-735-9453


Construction Begins on Two Bellamy Student Housing Communities in South Carolina and Alabama


Rendering of Planned Bellamy Coastal Student Housing Facility, Conway, SC

Atlanta, GA – Construction is underway on two luxury student housing communities offering resort-style living. Mallory & Evans Development is building these additions to its Bellamy brand with a combined value of $56 million:

* Bellamy Coastal, a $32 million 480-bed community adjacent to Coastal Carolina University in Conway, South Carolina
* Bellamy Florence, a $24 million 420-bed community near the University of North Alabama in Florence, Alabama

Rendering of Planned Bellamy Florence Student Housing Facility, Florence, AL

Caliber Living, a subsidiary of Mallory & Evans, will lease and manage both communities.

“We’ve been building private student housing since 2006, and every community improves on the previous ones,” said Mallory & Evans Principal Brantley Basinger. “These new Bellamy communities will offer private off-campus student living as never experienced in these markets.”

Both gated communities will have fully-furnished apartments with private bedrooms and baths, 60” flatscreen TVs, study areas, community-wide WiFi and onsite management and maintenance. Luxury amenities include a pool, sundeck, 24-hour fitness center, covered outdoor patios with TVs, washer/dryers, tanning beds, a clubhouse, fire pits and grills. They also offer access to greenspace and trails.

Brantley Basinger
The latest smart-home technology includes security systems, locks and thermostats that can be accessed through mobile apps. Amazon Alexa, the voice-activated Internet access, will let residents place orders online, and get important information from management quickly.

Bellamy Coastal is right next to the CCU campus, while Bellamy Florence will connect to the University of North Alabama student transportation system. Parking will include one space per resident, plus visitors spaces. The communities will also have sidewalks and bicycle storage.

Initial construction started in August. A formal groundbreaking for Bellamy Florence is set for Sept. 20. Completion is expected before fall semester of next year.

For information about rents, leasing, etc., visit the Bellamy Coastal at www.BellamyCoastal.com and Bellamy Florence at  www.BellamyFlorence.com and sign up.

For more information on this press release, please contact:

Terri Thornton
Partner, Thornton Communications
Phone: 404-932-4347


29th Street Capital Expands to Southern California; Richard Marshall to Source Multifamily Deals


 
Richard Marshall
San Diego, CA – Richard Marshall has joined 29th Street Capital as Acquisition Director for Southern California. Marshall is responsible for all facets of the privately-held real estate investment and advisory firm’s activity in the Southern California market, and will lead all multifamily acquisitions and asset management strategies there.

Marshall has over 14 years of real estate investment, development and asset management experience across a variety of asset types, including multifamily. Prior to joining 29th Street Capital, Marshall was an Asset Manager with Sabal Financial Group working with distressed debt and distressed real estate.

In this role, he was responsible for all loan resolutions including: discounted pay-offs, loan restructuring, deed-in-lieu of foreclosure, foreclosure and litigation. Additionally, he was fully responsible for re-positioning, leasing, renovations and dispositions of all assets in his portfolio.

“Richard brings a tremendous amount of experience to 29SC and a strong knowledge of multifamily fundamentals throughout Southern California,” said 29th Street Capital Managing Director Robert Bollhoffer. “He has a remarkable entrepreneurial mentality and we look forward to supporting Richard as we expand into this region.”


Before joining Sabal, Marshall was part of Archstone Apartments highly-competitive post-MBA Management Development Program. In addition to working directly with on-site personnel, Marshall assisted with acquisitions and dispositions in Southern California as well as tax compliance in New York City.

Robert Bollhoffer
While working with a Receiver, Marshall oversaw a collection of apartment buildings in Santa Monica, California and was responsible for repositioning the properties. Prior to that, Marshall was Director of Real Estate acquisitions for Hanford Hotels, focusing on land acquisitions for hotel development.

“I am excited to join the 29th Street Capital team and begin to focus on multifamily acquisitions,” Marshall stated. “I believe there is great opportunity throughout Southern California and I believe a local presence will prove beneficial.”

In addition to sourcing and completing acquisitions, his responsibilities involve end-to-end oversight of projects including the selection of third-party management, supervising all capital projects, marketing/design and eventual disposition.

Marshall obtained a Master’s degree in Business Administration with a concentration in Business Leadership from the University of Notre Dame. He also completed his Master of Science in Real Estate from the University of San Diego. He obtained his Bachelor’s degree from California State University at Fullerton.

For more information on this press release, please contact:

Terri Thornton
Partner, Thornton Communications
Phone: 404-932-4347



Charles Dunn Company's Bank Property Group Completes $5.05 Million Sale of a U.S. Bank-Anchored Retail Property in Lynwood, CA


Kyle Gulock
LOS ANGELES, CA - Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $5.05 million sale of a fully occupied, 9,375-square-foot two-tenant retail property anchored by U.S. Bank in Lynwood, Calif.

Kyle Gulock and Matt Kramer of Charles Dunn Company's Bank Property Group represented the seller, a private investor from Los Angeles. The buyer, a private international investor, was represented by Industry Partners. The transaction closed at a capitalization rate of 5.75 percent and a strong price of $538 per square foot.

"With more than one million people within a square mile of this asset, our Bank Property Group focused on the strong tenancy, as well as the property's intrinsic value being that it is situated within a path of progress," said Gulock.

The property had been on the market several times with other brokerage firms, however, Bank Property Group took a specialized approach to communicate the strength of the tenant at this location to the buyer.

"We have a depth of contacts and resources within the bank property niche and were able to tap into potential investors on a national and international basis," commented Gulock.

Matt Kramer
 "We also set up a meeting with the eventual buyer and the bank manager who was able to clearly communicate the strength of this particular branch and how it serves the local community on a day-to-day basis."

Located at 3645 E. Imperial Highway, the property is situated on a .63-acre parcel and is highly visible to more than 31,800 daily vehicles on one of the region's most well-travelled roadways.

 In addition to being occupied by U.S. Bank, one of the nation's largest financial institutions, the second tenant is union store front office, SEIU Local 99.

For more information on this press release, please contact:

Darcie Giacchetto
D.G. Communications, Inc.
949.278.6224

Friday, September 22, 2017

American Realty Advisors Expands Sales and Investor Relations Team; Adds New Senior Vice President/Client Portfolio Manager

  
James Mitchell
 LOS ANGELES, CA – American Realty Advisors (“ARA”) has announced the expansion of its sales and investor relations team with the addition of James Mitchell as its new Senior Vice-President/Client Portfolio Manager. Mr. Mitchell will be based in ARA’s Chicago office.

In this role, Mr. Mitchell will be responsible for leading the firm’s sales and client service efforts nationwide for ARA’s Taft-Hartley relationships through the firm’s commingled funds and separate accounts.

Mr. Mitchell brings to ARA nearly 30 years of experience working with jointly-trusteed funds nationwide.  Most recently, he was National Director of Asset Management Relationship Development for BMO Asset Management, focusing on customized asset management, trust and custody, and banking needs of the labor community.

 Prior to joining BMO, Jim worked at Northern Trust as a National Director of the Taft-Hartley Investment Client Solutions Group.  Previously, he also served as Executive Director of the Inter-Local Pension Fund/Graphic Communication Conference of the International Brotherhood of Teamsters, the Automobile Mechanics Local 701 as the Controller, and at Thomas Harvey, LLP. 

Jay Butterfield
Jay Butterfield, ARA’s Executive Managing Director and Head of Business Development, commented, “We are thrilled to have Jimmy join our professional team and to add his considerable skills and experience to continue ARA’s long-standing commitment to serve the Taft-Hartley community. 

"We are dedicated to helping plan sponsors meet their obligations in securing the future for their plan participants and beneficiaries, and Jimmy will be a strong addition to accomplish these goals.”

Mr. Mitchell graduated from Dominican University with a degree in Business Administration and Accounting.  He is a member of the International Foundation of Employee Benefit Plans, Illinois CPA Society, American Institute of Certified Public Accountants, and Purple Hearts Foundation.

 For more information on this press release, please contact:

Miki Akil / Lexi Astfalk for American Realty Advisors
Brower, Miller & Cole