Bennett Realty & Development Retained By JLL For Walgreens Dispositions In New Jersey

Cision PR Newswire | March 05, 2020

Bennett Realty & Development Retained By JLL For Walgreens Dispositions In New Jersey
Bennett Realty & Development (BRD) has been retained by JLL (Jones Lang LaSalle), a world leader in real estate services, to provide tenant disposition services to one of their highly sought-after clients, Walgreens. BRD will provide sales, leasing, and marketing support to JLL's Walgreens portfolio which includes former Rite Aid and Duane Reade stores in various locations throughout the state of New Jersey. With over 20 properties and more than 240,000 SF of total space, BRD will be responsible for valuation analysis, sourcing users, and selling real estate owned assets as well as all marketing efforts. Our competitive advantage is our expertise and deep roots in the New Jersey market and our data-driven approach to identifying end-users for each respective asset. We are humbled and excited about this new assignment. Through long-standing relations and confidence in our strategies and capabilities, we were able to be awarded this opportunity. We look forward to successfully executing this assignment in concert with JLL. Much of this real estate is irreplaceable and located in highly sought-after locales, says Tyler Bennett, Founder and CEO of Bennett Realty & Development.

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New Hancock Concrete bridge was installed in just under two days

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BUYING/SELLING

AF Spaces Partners With Bedrock, Welcomes Notable Real Estate Company To Retail Platform

Bedrock | October 05, 2021

AF Spaces, the retail platform directly connecting commercial landlords and retailers to arrange pop up storefronts, announces a partnership with Bedrock. Through the collaboration, AF Spaces will add over 32,000 square feet of downtown Cleveland real estate to its platform within the iconic Tower City Center. Acquired by Bedrock in 2016, Tower City Center is Cleveland's iconic hub for shopping, dining, and entertainment. AF will connect its nationwide network of brands to available retail storefronts for immediate short-term pop-up shop opportunities, as part of Bedrock's plan to reimagine the Center as a destination marketplace. Tower City Center also features a mix of commercial office tenants with direct access to the Greater Cleveland Regional Transit Authority and Public Square. As an anchor of downtown Cleveland, Tower City is adjacent to landmarks such as The Ritz Carlton and the Terminal Tower. We are thrilled to welcome Bedrock to our growing list of world class landlords on the AF SPACES platform. We're honored that they've reached out to us to leverage our platform and nationwide network of innovative and emerging brands. For the first time at Tower City, brands will be able to efficiently and seamlessly 'test drive' their own Cleveland storefront. At the same time, local residents will have the opportunity to engage with their favorite brands face-to-face. - AF Spaces CEO and Founder of AF, Mark Bollman. AF SPACES is a natural extension of American Field, a brand discovery marketplace, whose mission is to provide opportunities for brands to grow. AF Spaces has built a curated network of 2,500 brands including Fatherty, Topo Designs, Shcott NYC, and Ball and Buck alongside a nationwide network of landlord partners. The platform affords brands the ability to test drive storefronts through streamlined short-term agreements with leading landlords. These activations bring fresh traffic to dark spaces while landlords secure traditional long-term tenants. ABOUT AF Founded in 2012 by Mark Bollman, AF's mission is to connect innovative brands with consumers and reimagine retail. Their self-fulfilling ecosystem of consumers, brands, and retail spaces is paving the way for the future of brand commerce.

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REAL ESTATE TECHNOLOGY

George Slusser, head of the WAV Group's New Real Estate M&A Advisory Division

prnewswire | January 14, 2021

George Slusser, one of the land business' generally capable and notable valuation specialists, will join WAV Group to head its new Mergers and Acquisition Advisory Division, land's driving counseling and examination firm reported today. As the most up to date individual from the WAV group, Slusser brings over 35 years of involvement, remembering individual investment for more than 300 land business consolidations and acquisitions on both the procuring and selling side including many financier organization valuations. "George literally wrote the book on real estate M&As," WAV Group Managing Partner Victor Lund said. Slusser authored the industry best-selling book, Acquiring Profit, which created the foundation for today's modern M&A industry for U.S. real estate brokerages. "We can honestly say that no one will offer brokers better M&A advice than WAV Group with George on board." Lund clarified that at Cendant, Slusser helped led the significant acquisitions that made what is currently Realogy, the world's biggest land organization. Slusser most as of late was the previous COO and Chief Growth Officer of SVN International (earlier Sperry Van Ness), and past President and COO of Coldwell Banker Commercial Real Estate. He likewise was a top leader at GMAC Home Services, ERA Franchise Systems, and Merrill Lynch Realty. "No one has more experience helping real estate brokers navigate the challenges of preparing a succession plan and the right exit strategy than George," added Marilyn Wilson, WAV Group Managing Partner. "WAV Group already assists organizations to increase the value of their companies with the services we provide in technology, recruiting, retention and organizational excellence. 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INVESTMENTS

MultiVersity Housing Partners Acquires 308-Bed Student Housing Property Near The University Of South Carolina

MultiVersity Housing Partners | December 23, 2021

The latest, but not last acquisition of 2021 by MultiVersity Housing Partners ("MVHP") is the acquisition of The Orchard Columbia. The Orchard Columbia is an 84-unit, 308-bed student housing property located less than one mile from The University of South Carolina. The Orchard Columbia is a highly reputable asset within the submarket and is an exceptional addition to MVHP's student housing portfolio. MVHP's property management arm, MultiVersity Property Management ("MVPM"), will be overseeing the management and planned improvements at the subject property. The Orchard Columbia is comprised of 84 cottage-style units spread across 8.05 acres. The unit mix consists of 28 three-bedroom units and 56 four-bedroom units each suited with bed-bath parity. The Orchard Columbia was constructed in three phases between 2015 to 2018 and is outfitted with modern upscale features that include concrete and hardwood flooring, expansive kitchens, granite countertops, stainless steel appliances, and 48" screen TVs. Community amenities include a pool, clubhouse, fitness center, individual security systems, and private parking. The Orchard Columbia is seated in a prime location, 0.9 miles from campus and 0.6 miles from Williams-Brice Stadium. The competitive location, amenities, and cottage-style product has enabled the property to achieve full occupancy for the 2021-2022 lease term, and is now 100% preleased for the 2022-2023 school year. MultiVersity Property Management will bring their boutique-style approach and expertise in property management to operate this property more efficiently. MVPM will be adding an outdoor LED screen near the pool to display the latest Gamecock sporting events. Additionally, upgrades will be performed to the clubhouse, pool furniture, and fitness equipment. Furthermore, the cable and internet package will be enhanced along with improved security measures. These improvements will take place throughout the remaining school year and will be available to residents starting in August 2022. MultiVersity is excited to be back in the Columbia market with such an outstanding asset, Orchard Columbia is the only cottage style product within a mile from campus, setting it apart from the competition. MVPM's planned upgrades will further set Orchard apart from the competition making it the premier choice for USC students." Principal of MVHP, Anthony Magnelli MultiVersity Property Management ("MVPM") is the property management division of MultiVersity Housing Partners ("MVHP"). MVPM's mission is to become the recognized leader in its targeted markets for property management services. MVHP is seeking market-rate apartment, workforce housing, and purpose-built student housing acquisitions throughout the Mid-Atlantic, Midwest, and Southeastern U.S. The guiding principle of MVPM is to treat each property as its own individual business first and foremost. MVPM operates with a total focus on its portfolio of managed properties (both owned and third-party) and on its owners/customers. MVPM provides a number of services that fit the needs of today's conventional and student housing residents, while at the same time focusing on owner requirements and expectations. Christopher Feeley, CEO and Managing Member of both MVHP and MVPM, would like to thank the following for assisting in the closing of this acquisition: Dan Kearns of JLL, the Hunt Realty Team with special thanks to Steve Gordon, Milan Parekh and his team at EM 163, and the senior lender.

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