Digital Realty Completes Combination with InterXion

Cision PR Newswire | March 13, 2020

Digital Realty (NYSE: DLR), a leading global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today it has completed the previously announced combination with InterXion.  The transaction was consummated promptly following expiration of the related exchange offer at 12:01 a.m. EDT on March 12, 2020, in which 70,862,736 shares of InterXion, representing approximately 92.3% of total shares outstanding, were tendered.  "We are pleased to have closed our combination with InterXion," said Digital Realty Chief Executive Officer A. William Stein.  "This powerful combination builds upon Digital Realty's established foundation of serving market demand for colocation, scale and hyperscale requirements in the Americas, EMEA and Asia Pacific and leverages InterXion's European colocation and interconnection expertise, enhancing the combined company's capabilities to enable customers to solve for the full spectrum of data center requirements across a global platform.  The combination of our two organizations establishes a global platform that we believe will significantly enhance our ability to create long-term value for customers, shareholders and employees of both companies."

Spotlight

Although only half of surveyed households believe the economy is currently improving, nearly all young renters eventually want to buy a home, and a convincing majority still view homeownership as part of their American Dream, according to a new quarterly consumer survey released by the National Association of Realtors.

Spotlight

Although only half of surveyed households believe the economy is currently improving, nearly all young renters eventually want to buy a home, and a convincing majority still view homeownership as part of their American Dream, according to a new quarterly consumer survey released by the National Association of Realtors.

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REAL ESTATE INVESTMENT

Seefried Properties and Clarion Partners Acquire Land and Announce Plans for 969,620 Square Foot Distribution Center in Buford

Seefried Industrial Properties | June 10, 2022

Seefried Properties, a national real estate firm specializing in the development, leasing and management of industrial properties, along with capital partner and leading real estate investment manager Clarion Partners, LLC., have recently acquired an 80-acre site for the development of a 969,620-square-foot Class A logistics center known as Buford North Distribution Center. Located in the dynamic northeast Atlanta submarket along Interstate 985 in Hall County, GA., construction on the first phase of development is expected to begin in August 2022 with completion during the fourth quarter of 2023. Buford North Distribution Center will include 969,620-square-feet of logistics space across three buildings featuring flexible designs to accommodate multiple tenants with varying size requirements. Phase two of the project is scheduled to begin construction in the third quarter of 2023 and will include 434,320-square-feet of space across two buildings. Features of all three buildings will include 185' deep concrete exterior truck courts, 36' clear heights, ample parking, and ESFR sprinklers. Seefried and Clarion Partners are very excited about this new project in Northeast Atlanta. The location of Buford North at Interstate 985 and Friendship Road is square in the middle of one of the most desired locations for businesses and distributors in metro Atlanta and the Southeast." Doug Smith, Senior Vice President of Seefried The Civil Engineer on the project is Eberly & Associates; the Architect is Atlas Architecture. Leasing efforts for the project will be led by the Seefried leasing team comprised of Joseph Kriss, Tripp Ausband and Doug Smith. Buford North Distribution Center is located approximately 40 miles northeast of Atlanta. The location will afford tenants easy access to I-85 as well as Metro Atlanta and other nearby states. About Seefried Industrial Properties Founded in 1984 by Ferdinand Seefried, Seefried Industrial Properties specializes in the development, leasing and management of industrial real estate in key markets across the U.S. Seefried leases and manages approximately 40 million square feet for its institutional and European clients and has developed, or is in the process of developing, approximately 190 million square feet of space valued in excess of $17 billion across 120+ markets. Based in Atlanta, the firm has regional offices in Dallas, Chicago, Los Angeles, and Phoenix. About Clarion Partners Clarion Partners, LLC, has been a leading real estate investment manager for 40 years. Headquartered in New York, the firm maintains strategically located offices across the United States and Europe. With $75.9 billion in total real estate and debt assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to 500 institutional investors across the globe. Clarion is scaled in all major property types and was an early entrant into the Industrial sector. The Firm's global industrial team manages a 900+ property portfolio in the U.S. and Europe consisting of more than 206 million square feet.

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INVESTMENTS

Capital Square 1031 Acquires Newly Built MOB and Surgery Center in Arizona for an All-Cash/No Debt DST Offering

Capital Square 1031 | February 09, 2022

Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for Section 1031 exchange and other accredited investors, announced today the acquisition of a new purpose-built medical office building and surgery center in Yuma, Arizona. The property was acquired on behalf of CS1031 MOB AZ II, DST, a Reg. D private placement investment offering, in an all cash/no debt offering. Medical facilities such as this are some of the most desirable assets in the nation, The icing on the cake -- this facility is newly constructed, with a 15-year triple net lease to a strong regional medical group that is growing rapidly. Capital Square believes that this investment will generate stable cash flow, growth and appreciation over the holding period for investors who seek an all cash/no debt investment." Louis Rogers, founder and chief executive officer. Located at 2145 W. 28th St., the facility was constructed in 2021 for Comprehensive Integrated Care, which executed a 15-year, triple-net lease that is personally guaranteed by the founding physician. The lease includes two five-year extension options. The facility is situated in Tuscany Plaza, Yuma's premier medical and professional center. Tuscany Plaza houses more than two dozen specialty medical providers and is approximately one mile from the 406-bed Yuma Regional Medical Center.1 Comprehensive Integrated Care (CIC) was founded in 2013 and has expanded to offer 10 treatment centers located in Arizona, Nevada, Utah and New Mexico. CIC features a team of endovascular and vein specialists partnering with cardiologists and primary care doctors to provide minimally invasive procedures when traditional surgery is not an option. This property is leased to a strong tenant that has been expanding its practice to now include 10 treatment centers – another of which was acquired earlier this year by Capital Square for DST investors, Healthcare-related real estate assets such as this are attractive investment opportunities due to the compelling demographic shift that is underway in this country, with a ballooning senior population that is demanding ever-greater medical care that is increasingly being provided via out-patient facilities like those Capital Square acquires on behalf of its investors." Whitson Huffman, chief strategy and investment officer. Since its founding in 2012, Capital Square has acquired 146 real estate assets for over 3,800 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code and other investors seeking stable cash flow and capital appreciation. About Capital Square Capital Square is a national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges and qualified opportunity zone funds for tax deferral and exclusion. Since 2012, Capital Square has completed more than $4.5 billion in transaction volume. Capital Square's executive team has decades of experience in real estate investments. Its founder, Louis Rogers, has structured hundreds of investment offerings totaling in excess of $5 billion. Capital Square's related entities provide a range of services, including due diligence, acquisition, loan sourcing, property/asset management, and disposition, for a growing number of high net worth investors, private equity firms, family offices and institutional investors. Since 2017, Capital Square has been recognized by Inc. 5000 as one of the fastest growing companies in the nation for five consecutive years. Additionally, in 2021, the company was ranked 101st on the list of Inc. 5000 Washington D.C. Metro's Fastest-Growing Private Companies. In 2017, 2018 and 2020, the company was also ranked on Richmond BizSense's list of fastest growing companies. Capital Square was listed by Virginia Business on their "Best Places to Work in Virginia" report in 2019 and 2021 as well as on their "Fantastic 50" reports in 2019 and 2020.

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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. Once an acquisition is complete, WAV Group supports brokerages with overhauling branding strategies, technology and data services creating operational and organizational efficiencies. WAV Group Communications is there to help the newly formed organization communicate the vision and strengths of the new entity to expand the brand strength as well as helping to retain agents and clients by minimizing disruptions. With our new M&A division, we now provide an end-to-end service to help our clients maximize the growth and profitability of their businesses­­­," she added. For Slusser, heading up the WAV Group's new M&A Advisory division allows him to "fill an unmet need for broker-owners." "There's an absence of firms offering brokers comprehensive M&A advice," Slusser said. "In the next three years, we expect the record consolidation we have already seen in the real estate brokerage industry to continue. As the ownership in our industry continues to age, the transfer to the next generation is underway. Broker-owners want - and need - guidance. We specialize in helping them understand the value of their company, create succession planning, explore partnership structures, help them raise capital, and most importantly, provide strategic support for each of these processes. And with M&As, both the selling side and acquiring side benefits from independent representation." At WAV Group, the M&A Advisory Division offers a far reaching scope of value and moderate administrations for customers, conveying "unparalleled skill." Slusser will head a group that has partaken in more than 600 acquisitions and consolidations with buy costs adding up to $1.1 billion. With a consolidated 55 years of M&A experience explicit to the land business, the Division can deal with a wide scope of arrangements, going from little consolidations or association purchase outs to the biggest, most complex industry exchanges. M&A Advisory administrations are accessible to land business organizations, both private and business, property the executives firms, innovation suppliers serving the land business, and start-up or beginning phase financier and specialist co-op organizations. "Our experience in being owner/operators, as well as senior executives with multiple top brands, allows us to bring a unique perspective unmatched by other advisory services. Our practical knowledge allows us not only to help properly value your firm, but we deeply understand that the most important assets of your organization are your reputation and people," Slusser said. About WAV Group WAV Group is real estate's leading consulting and research firm, offering a depth of experience in technology, strategic planning, research, business development, Mergers & Acquisition and valuation advisory, content creation, public relations, sales, product development and marketing in the real estate industry. Clients include some of the largest MLSs in North America, international real estate franchise organizations, large independent brokerages, technology companies, and trade associations. WAV Group partners have been CEOs, executive team members, or founders of Fortune 100 and venture-funded corporations and approach each relationship with a clear understanding of the challenges that face each client's businesses today.

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