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CORE Advisory Partners Arranges Financing for The Bend, a Mixed-Use Development in Southwest Las...
Rendering of The Bend, Southwest Las Vegas' newest mixed-use project.
Rendering of The Bend, Southwest Las Vegas' newest mixed-use project. Financing arranged by CORE Advisory Partners.
CORE Advisory Partners ("CORE"), a full-service capital markets brokerage firm, is pleased to announce the closing of the construction financing for The Bend, Southwest Las Vegas' newest mixed-use project. The Bend, developed by premier retail developer J Dapper of Dapper Companies, will be a destination mixed-use property located at the northwest corner of Sunset Rd. and Durango Dr. Phase 1 of The Bend will feature a curation of beloved local and regional eateries, bars, and services tenants while Phase 2 will be anchored by Electric Pickle, an experiential pickleball and food and beverage venue.
"We're delighted to have had the opportunity to structure the financing for The Bend," said Alan Amici, Managing Director of CORE Advisory Partners. "The successful completion and opening of the project is very exciting. Southwest Las Vegas has been one of the fastest-growing commercial and residential submarkets over the past few years. The Bend will be a sought-after destination for all Las Vegans eager for new dining and entertainment options."
For more information about The Bend, visit thebend.vegas.
For more information about CORE Advisory Partners, visit coreadvisorypartners.com.
ABOUT CORE ADVISORY PARTNERS
CORE Advisory Partners ("CORE") is a full-service capital markets brokerage firm that markets, structures, and closes real estate capital solutions on behalf of real estate developers and investors. The firm's Principals have successfully closed more than $3 billion of commercial real estate transactions. CORE specializes in Construction Financing, Value-Add for transitional properties, Permanent Financing for stabilized properties and restructuring. CORE is located at 10801 West Charleston Blvd., Ste. 691, Las Vegas, NV, 89135 or online at coreadvisorypartners.com.
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April Kemp
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Original Source: CORE Advisory Partners Arranges Financing for The Bend, a Mixed-Use Development in Southwest Las Vegas
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Landmark Properties Announces Construction Start for Company’s First Build-to-Rent Neighborhood
ATHENS, Ga. - September 26, 2022 - (Newswire.com)
Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, announces the first groundbreaking from its new "build-to-rent" division focused on single-family rental home neighborhoods. Construction began in September at The Everstead at Madison in Madison, Ala., and the company's build-to-rent division will bring more single-family homes on the market to meet current demand across the country.
"With our new Everstead developments, Landmark is putting its time-tested, integrated and scalable platform to work helping a new generation of renters find the right high-quality solution for their next housing decision," said Landmark President and CEO Wes Rogers. "Single-family homes for rent have become an important way for many to enjoy the benefits of a neighborhood without the long-term financial commitment to home ownership."
Located at 225 Mill Road, The Everstead at Madison in Madison, Ala. will feature 231 townhouses, single-family homes, and cottage-style homes. Amenities for the build-to-rent property include quartz countertops, stainless-steel appliances, large pantries, hardwood-style floors, full-size washers and dryers, ceiling fans, a walk-in closet for the main bedroom and backyards with private patios. Some units will also feature an attached garage.
The gated community will provide residents access to several high-quality, shared amenities, including a resort-style swimming pool, fitness center, playground, fire pit, grilling area, and dog park, among other offerings. On-site parking with several spaces dedicated for guests will complete the community. Just west of Huntsville, Alabama's largest city according to 2020 Census data, The Everstead at Madison provides residents proximity to business and employment centers, schools, retail, and entertainment areas, including Cumming Research Park, Bridge Street Town Center, Toyota Field, and the Huntsville Amphitheater in the Mid-City District. Landmark anticipates the first homes to be delivered in 2023, with full completion of the neighborhood in 2024.
"We are thrilled to break ground on our first build-to-rent project that will be the first of many more communities thoughtfully designed and purpose-built specifically for those who want to live in a neighborhood setting without the burden of a mortgage," said Blair Sweeney, Landmark's Managing Director of Build-to-Rent. "We seek to increase the rental housing supply to meet demand and take pressure off the for-sale market."
TSB Capital Advisors arranged financing for the project. To learn more about Landmark's build-to-rent division, visit landmarkproperties.com.
About Landmark Properties
Headquartered in Athens, Ga., with an office in Atlanta, Landmark Properties is a fully integrated real estate firm, specializing in the acquisition, development and management of high-quality residential communities. With more than $10 billion assets under management, Landmark's portfolio includes nearly 100 residential communities across the country with more than 60,000 beds under management. Additionally, Landmark benefits from an active development pipeline with 21 student and multifamily projects under construction with an estimated value at $3.7 billion. Landmark's mission is to be the leader in development, construction, operations and investment management of high-quality residential communities, delivering unrivaled service and experience to our residents, partners and employees. For more information, visit www.landmarkproperties.com.
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Kelly Gray
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706.543.1910
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Original Source: Landmark Properties Announces Construction Start for Company's First Build-to-Rent Neighborhood
Dallas’ Vive Funds Acquires 400-Plus Unit Multifamily Property in Charlotte, North Carolina
Vive Funds, a Dallas-based real estate investment firm that specializes in curating opportunities for high-net-worth investors, recently acquired a 400-plus unit multifamily property in the growing metro area of Charlotte, North Carolina.
The property has 408 units and has performed well historically.
"Rents have grown organically, even before renovations and our value-add strategy were implemented, this is a good investment for investors seeking high returns on multifamily properties," said Veena Jetti, founder of Vive Funds. "Charlotte is a booming real estate investment hub, especially in the multifamily market, and presents a strong opportunity for those looking to diversify their portfolios."
The development is in close proximity to Charlotte's largest employment centers, universities, and the Uptown Charlotte central business district, with an estimated employee base of more than 200,000. It is also 3.5 miles from Concord Mills-a 1.3 million square-foot mall-and near PNC Music Pavilion and Charlotte Motor Speedway.
Rental prices in Charlotte are on par with national averages, as the average rent rose 17% in Charlotte to $1,439. According to analysis by Zumper, the nation's third-largest real estate platform, rent prices rose 12% in 2021. The average price of a one-bedroom apartment across the United States reached $1,374 in January 2022.
Data from Norada Real Estate Investments found Charlotte's real estate appreciation rate in the latest quarter was around 6.54%, which equates to an annual appreciation rate of 28.85%.
Charlotte also has a record of being one of the best long-term real estate investments in the United States due to high demand and low inventory. Since March 2012, the average home value in Charlotte appreciated by 132.3%.
Vive Funds offers investment opportunities for accredited and high-income investors interested in
adding multifamily to their portfolio. Vive Funds serves hundreds of accredited investors nationwide and has met or exceeded 100% of pro forma projections to date. To learn more, visit www.vivefunds.com.
About Vive Funds
Vive Funds was launched to fulfill our mission of carefully curating high-quality real estate investments. Our innovative strategy and our detailed process drive our core value of investor-centric projects. Vive has developed a rich network of global business partners to make early and transformational investments in assets that have the potential to do great things.
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Mike Albanese
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Original Source: Dallas' Vive Funds Acquires 400-Plus Unit Multifamily Property in Charlotte, North Carolina