Greg Fedorinchik, CFA Joins NexMetro to Lead Equity Capital Markets and Investor Relations Efforts

 

Jacque Petroulakis

PHOENIX AZ– NexMetro Communities, a leading national developer and pioneer of build-to-rent (BTR) neighborhoods, has hired industry veteran Greg Fedorinchik, CFA to serve as managing director of equity capital markets.

Greg Fedorinchik

Fedorinchik’s appointment is pivotal as the company, founded in 2012, expands its pipeline of new luxury leased home projects, eight of which are scheduled to open in 2024.

 

Fedorinchik has spent the bulk of his 30-year career leading both investment and client-facing teams focused on alternative investments and global asset allocation strategies.

 

Before joining NexMetro, Fedorinchik held long-term senior management roles at Brinson Partners (acquired by UBS Asset Management) and Mesirow Financial, along with consulting and interim roles with large public and small private investment firms.

“Innovative, high-quality, leased homes and neighborhoods have great appeal for consumers, suburban communities and investors alike,” said Fedorinchik. 

“NexMetro is the gold standard in BTR, and I’m looking forward to working closely with our existing and new capital partners as we continue to grow our presence across the country. I am particularly excited about the launch of our first pooled vehicle this year—the NexMetro Direct Access Fund, 2024.” 

 

Josh Hartmann

Jacque Petroulakis, who has served as executive vice president of investor relations for NexMetro, has been promoted to chief communications officer for the company to focus on corporate communications strategy and branding initiatives.

 

Fedorinchik joins NexMetro Communities as the company has recently surpassed a $2B milestone in total project investment for its more than 55 projects comprising approximately 9,400 homes completed, under construction or in development in Arizona, Texas, Colorado, Georgia and Florida.

 

“Greg’s experience, vision and skill as an investor in public and private markets is critical for NexMetro’s continued growth as we look to fund our healthy pipeline of BTR projects across the US Sunbelt,” said NexMetro CEO Josh Hartmann. 

 

“We look forward to leveraging Greg’s extraordinary insights gained over more than three decades in capital markets and building and managing investor relationships to further enhance NexMetro’s already strong industry position,” Hartmann said. 

 

 

 

 CONTACT

 

Heather Miles Austin, Principal

The Ferraro Group Phoenix

120 N. 44^th St. #310

Phoenix, AZ 85034

 

www.TheFerraroGroup.com

c. 602.738.9252

 

Washington D.C. – 202.355.9466

Las Vegas – 702.367.7771

Reno – 775.331.4555

 

nexmetro.com 

 investors@nexmetro.com

 

JLL closes $140 million in financings from The Amazon Housing Equity Fund over last six months

http://

Martine Combal

CHICAGO, IL – JLL Capital Markets and JLL Public Institutions have executed $139.64 million in financings from The Amazon Housing Equity Fund over the last six months for the development/preservation of 11 affordable housing communities, totaling 1,970 units, located across the Puget Sound region of Washington.

 

JLL acted as the credit underwriter for Amazon, who provided long-term, fixed-rate loans for 9 separate borrowers.

 

 Through the Amazon Housing Equity Fund, Amazon provided low-rate subordinate financing to carry out the acquisition and construction/rehabilitation of the properties and assure that the properties will deliver high-quality housing and 99-year income rent restrictions.

Eileen Tumalad

The properties included in the financings are:

 

·         The 130-unit Sound Transit Angle Lake in SeaTac, WA

·         The 170-unit Ardea at Totem Lake in Kirkland, WA

·         The 148-unit MLK Family Housing in Seattle, WA

·         The 108-unit Crossroads Apartments in Bellevue, WA

·         The 207-unit Altaire at Jackson Park in Seattle, WA

·         The 271-unit Atrium Court Apartments in Seattle, WA

·         The 172-unit Terrapin Apartments in Bellevue, WA

·         The 126-unit Bode Greenwood in Seattle, WA

·         The 191-unit Trace 4001 in Seattle, WA

·         The 379-unit Lake Washington Apartments in Seattle, WA

·         The 68-unit Claremont Apartments at Walden in Seattle, WA

 

Senthil Sankaran

“In addition to being affordable, these homes are all in close proximity to resources residents need, like transit, good schools, employment centers and more,” said Senthil Sankaran, Managing Principal, Amazon Housing Equity Fund. “We’re grateful for the opportunity to help bring such a critical resource to Puget Sound residents.”

C.W. Early

The advisory team working with Amazon was jointly led by Senior Managing Director C.W. Early, Senior Managing Director Mary Davis and Vice President David Lott of JLL Capital Markets Debt Advisory and both Martine Combal, Senior Vice President, and Eileen Tumalad, Vice President, with JLL’s Public Institutions practices.

The JLL Capital Markets team structured and underwrote the transactions, while the Public Institutions team focused on program management for Amazon. This unique partnership between JLL Capital Markets and JLL’s public sector work demonstrates JLL’s drive to deliver for its clients and meet dynamic and evolving real estate needs.

David Lott 

“JLL is proud to be working with Amazon’s Housing Equity Fund on this historic initiative," Early said.

 

“Their funding allows new or renovated units to come to market that are otherwise infeasible at affordable price points and keeps those units affordable for 99 years in markets with high and increasing rents.

 

 "Without Amazon and numerous other public resources for many of these projects, they would not happen.

 

 "Congratulations to these mission-driven developers, and many thanks to Amazon, as well as the other public funders involved in these deals, including the City of Seattle Office of Housing, Washington State Housing Finance Corporation, ARCH and King County.”

Mary Davis

According to JLL Research, demand for more cost-effective rental options has never been higher, as national effective rents grew 28% in the last two years. Previous affordable markets are becoming less affordable, as migration trends accelerate supply constraints and highlight the need for additional affordable housing in secondary markets.

 

“With the firm’s expertise in real estate, finance and market analysis, we are excited to partner with Amazon and the respective borrowers to support everyone’s commitment to social responsibility,” Combal said. “This collaborative partnership is inspiring, as each project strives to bridge the housing gap and make housing more accessible for all. With a focus on preservation and transit-oriented development, these projects do more than expand housing options, they build a brighter future and strengthen the vitality of these communities.” 

 

The Amazon Housing Equity Fund is a more than $2 billion commitment to preserve and create more than 20,000 affordable housing units in Washington state’s Puget Sound region; in and around Arlington, Virginia; and Nashville, Tennessee – three hometown communities where the company has a large and growing presence. 

CONTACT

Jenna Sharp

JLL, Public Relations

 Capital Markets

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com

JLL promotes Michael Raphael to Chief Procurement Officer

 

 Michael Raphael 

 CHICAGO, IL – JLL has promoted Michael Raphael to Chief Procurement Officer to lead procurement activities globally across the company and manage annual procurement spend for both JLL and on behalf of its clients.

 

Through a comprehensive global service delivery platform, JLL provides a diverse range of services, including sourcing and procurement on a local to global scale for more than 500 clients across 80 countries.

 

Effective April 1, Raphael will manage JLL’s own corporate indirect spend and the procurement of goods and services on behalf of JLL clients.

 

“As a member of the Sourcing & Procurement leadership team, Michael has built strong relationships with our suppliers and external partners,” said Neil Murray, CEO, JLL Work Dynamics.

Neil Murray

“Sourcing & Procurement is at the heart of JLL’s sustainability program, and we recognize that a significant portion of our overall impact stems from our supply chain. Michael is dedicated to maintaining a sustainable global supply chain and ensuring that all our purchases make a positive contribution to the communities we serve.”

  

Raphael, who reports to Murray in his capacity as Executive Board Sponsor for Sourcing & Procurement, has amassed sourcing experience around the world and been an instrumental part of JLL since 2011. 

 

He previously served as JLL’s Global Head of Sourcing Solutions Development & Operations where he managed the global sourcing team that responds to client outsourcing requests and was responsible for the operations team.

 

Currently based in Chicago, he spent 17 years in Asia in a variety of roles, including Chief Procurement Officer in the Asia-Pacific region, where he led a team of 226 procurement professionals in 14 countries.

 

Judith (Juud) Tempelman

He also managed the Vendor Service Centre in Manila, Philippines, that supported JLL globally in areas such as contract management, supplier performance management, electronic RFP creation and procurement reporting.

 

Raphael will lead JLL’s Global Procurement Leadership Team and will serve as a member on the Global Work Dynamics Board. After an interim period, he succeeds Juud Tempelman.

 

For more news, videos and research resources, please visit JLL’s newsroom.

 

 

 

Contact:

 

Kimberly Steele

PR, Work Dynamics and Industries

JLL

T +1 713 852 3420

M +1 832 244 9994

JLL.com

 

NewMark Merrill Companies Awarded Property Management of Iconic Nut Tree Plaza Near Sacramento, CA

Nut Tree Plaza, Vacaville, CA

Sacramento, CA.– NewMark Merrill Companies, Inc., a Calabasas, California-based retail shopping center owner and development company, announced that it has been awarded property management of The Nut Tree and Nut Tree Plaza, an iconic 372,225-square-foot retail and entertainment destination located at East Monte Vista Avenue and Nut Tree Road in Vacaville, California, just south of the 505 and 80 Interstate Freeways.

 

NewMark Merrill now owns and/or manages over 100 shopping centers nationwide.

 

From its humble beginnings in 1921 as a roadside fruit stand, The Nut Tree has flourished into a beloved interstate destination.

Nut Tree, a 372,225-square-foot retail
and entertainment destination located
at East Monte Vista Avenue and
 Nut Tree Road in Vacaville, CA

 Over the decades, it has transformed from a simple pit stop into a vibrant hub of activity, blending retail, dining, and entertainment, all while serving as a beacon of community spirit between San Francisco and Sacramento.

 

 Its evolution is a testament to California’s rich heritage, mirroring the growth and changes of the region itself. Its strategic location offers unparalleled visibility and access from Interstate 80, further enhanced by a new state-of-the-art LED monument sign providing maximum exposure.

 

The destination is anchored by strong national tenants including PetSmart, Nordstrom Rack, Kirkland’s, Ulta, Old Navy, Best Buy, Michaels and HomeGoods.

Sandy Sigal

Under NewMark Merrill's management, The Nut Tree is poised for further success, with plans to enhance the shopping experience, strengthen community ties, and continue the tradition of excellence that has been a cornerstone of the property since its inception.

 

."NewMark Merrill believes that retail and specifically The Nut Tree is integral to Northern California, a region our company has served for many years," said Sandy Sigal, President and Chief Executive Officer of NewMark Merrill Companies.

 

"The Nut Tree represents more than just a shopping center; it's a piece of California's history and a community gathering place. We are honored to take on the management of such a landmark site and are committed to enhancing its value for our merchants, ownership, visitors, and the Vacaville community.”

 

Nut Tree Plaza is centrally located along the Interstate 80 corridor between Sacramento and San Francisco. It generates over 4.5 million visitors annually and is consistently ranked in the top 97% of all centers in the country measured by traffic per square foot.

 

 The site offers exposure to over 150,000 cars per day and is a historic stopping point for families traveling to and from the Bay Area, Lake Tahoe and the Sierra Mountains.

 

 

 

Contact:

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association

 of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 

The Keyes Company Adds Treasure Coast Brokerage McCurdy & Co. Realty

 Joanne McCurdy and Steve Reibel

Fort Pierce, FL –– The Keyes Company strengthened its Treasure Coast market share with the addition of McCurdy & Co. Realty. Based in Fort Pierce, McCurdy & Co. Realty expands Keyes’ footprint north of Port St. Lucie.

Founded by Joanne McCurdy in 2013, McCurdy & Co. has 24 agents specializing in Martin, St. Lucie and Indian River counties and beyond.

Joanne McCurdy is the brokerage’s top producer, consistently generating more than $25 million per year in sales volume. She will continue to serve her clients and be the District Sales Manager of The McCurdy Group at the new Keyes Fort Pierce office.

 New Keyes Fort Pierce office, 171 Melody Lane, Fort Pierce, FL

With three decades of experience helping clients buy and sell real estate on the Treasure Coast, McCurdy & Co. has an unmatched track record for customer service and market knowledge. Its expertise extends to waterfront properties, vacation homes, residential real estate, commercial real estate and land.

“It is the right time, with the ideal partner, to commence a new chapter in our firm’s history,” McCurdy said. “We share the same focus on culture, integrity and customer service that Keyes has prioritized for nearly a century. The Keyes platform will especially help our agents meet the evolving needs of our longtime customers.”

Keyes Senior Vice President Steven Reibel is in active discussions with owners of similar brokerages across the Treasure Coast, and as far north as Vero Beach.

 

“Over the past few years, there has been significant migration north from the tri-county area to the Treasure Coast,” Reibel said. “That broadens our market and provides further motivation for us to identify the right strategic growth opportunities in Martin, St. Lucie and Indian River counties.”

 

Keyes is also looking at acquisition opportunities throughout the entire state.

 Mike Pappas

“Boutique brokerages across Florida are navigating the challenges presented by an industry that is experiencing significant consolidation,” Keyes CEO Mike Pappas said. ''The independent, family-owned nature of Keyes is particularly appealing to boutique brokerages in these areas as firm leaders contemplate their path forward.”

 

The new Fort Pierce office is located at 171 Melody Lane.

 

Contacts:

 

Eric Kalis and Daniel Benjamin,

BoardroomPR

ekalis@boardroompr.com or

 dbenjamin@boardroompr.com

954-370-8999