REAL ESTATE INVESTMENT
Township Capital | March 03, 2022
Township Capital and Lloyd Jones announce the acquisition of Woodlands at Hillcrest; an 89-unit, 93-bed assisted living and memory care community located in Lincoln, NE.
This marks the first partnership between Township Capital and Lloyd Jones."We are proud to be a part of this new partnership with Lloyd Jones, Senior living continues to be a core sector for Township, with a growing senior population, the need for senior housing will continue to be a necessity."
Matthew Gorelik, CEO at Township Capital.
About Woodlands at Hillcrest
Woodlands at Hillcrest is the newest senior living community in Lincoln, opening its doors in 2018. The community offers modern luxury services to residents including transportation, a variety of classes and wellness programs, personal housekeeping, laundry and linen services and state-of-the-art amenities. The Lincoln market has seen high absorption, proven by Woodlands currently occupation of 94%.
About Township Capital, LLC
Township Capital, LLC is a leading co-GP real estate investment firm headquartered in Beverly Hills, CA. Founded by CEO Matthew Gorelik in 2014, the firm has experience investing across all major property types with a specialty in student housing, senior living, multifamily, and industrial.
About Lloyd Jones
Lloyd Jones LLC is a real estate investment firm with 40 years in the industry under the continuous direction of Chairman/CEO, Christopher Finlay. Based in Miami, the firm specializes in multifamily and senior housing investment, development, and management. It has recently added a hotel acquisition division. Investment partners include private and institutional investors and family offices around the world.
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REAL ESTATE INVESTMENT
Dalfen Industrial | December 13, 2021
Dalfen Industrial announced the acquisition of a 304,200 square foot industrial property in Winston Salem, NC. Built in 2006, Union Cross Distribution Center has features sought after by modern e-commerce tenants, including being strategically located one mile off of I-74 with convenient access to I-40 and I-85. This location provides an excellent last mile distribution opportunity to reach Winston Salem, Greensboro, and High Point's 1.7 million population base. The Piedmont Triad's industrial market continues to be very tight with limited available inventory, coupled with high tenant demand and absorption from last mile tenants.
Located in the Union Cross submarket, this area provides a distinct advantage with accessibility, and a high-quality tenant base with institutional ownership. The building is 100% occupied by one tenant who is currently paying below market rent, providing a significant upside during renewal as well as during exit. Other tenants in the area include Fedex, Amazon, Caterpillar, Proctor & Gamble, and PepsiCo.
"Sourced off-market and below replacement cost, Union Crossing Distribution Center is a great addition to our North Carolina portfolio. The vacancy rate in this market is a tight 2.3% due to continued and strong tenant demand which is expected to continue."
-Kevin Caille, Market Officer at Dalfen Industrial
"The demand for industrial properties in North Carolina continues to outpace supply. We have had tremendous success in the Carolinas and are always looking for the next opportunity to expand our footprint in this market."
-Sean Dalfen, President and Chief Investment Officer at Dalfen Industrial
Dalfen Industrial currently owns close to 3 million square feet of industrial properties in North Carolina.
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REAL ESTATE TECHNOLOGY
Carrier Global Corporation | September 17, 2021
Carrier Global Corporation the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, has signed an agreement to acquire BrokerBay Inc., a pioneer in the development of an advanced, streamlined and user-friendly real estate management cloud ecosystem. The software's ability to reduce a brokerage's administrative workload, streamline the real estate scheduling and showing experience, as well as standardize electronic lockbox access, will strengthen Carrier's leading access solutions offering within its Fire & Security business.
Supra, part of Fire & Security's Access Solutions business, has been serving the real estate industry for over 60 years, with key mobile credentialing technology deployed across an installed base of 4 million locking devices in multiple industries. Supra is a market leader in supporting real estate showings and enabled 45 million property showings in 2020.
Following closing, which is expected in October, BrokerBay and Supra will provide a one-stop shop for realtors that combines scheduling and mobile lockbox access in an intuitive, user-friendly showing experience to empower agents, reduce workload and provide actionable analytics.
With increasingly high volumes in real estate showings, there is a need for agents to act with speed and efficiency, This acquisition will further ensure they have the best solutions available to succeed.
- Jeffrey Stanek, Managing Director, Global Access Solutions, Carrier Fire & Security.
We're excited to join Carrier as we share a strong commitment to the real estate community, BrokerBay will continue delivering best-in-class solutions and integrations to all real estate agents, including Supra customers. We also look forward to joining forces in revolutionizing digital services that exceed our customers' expectations.
- Costa Ntoukas, CEO, BrokerBay.
The acquisition aligns with Carrier's stated business development approach of strategic acquisitions in digital and aftermarket that will drive recurring revenue for the company.
The terms of the transaction were not disclosed.
About Carrier
As the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, Carrier Global Corporation is committed to making the world safer, sustainable and more comfortable for generations to come. From the beginning, we've led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do.
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