REAL ESTATE TECHNOLOGY
businesswire | January 13, 2021
Fundamental Income, a Phoenix-based net rent land stage supported by an asset oversaw by Brookfield Asset Management (NYSE: BAM), procured over $215 million of land resources over the most recent four months of 2020. The properties are net rented to inhabitants working across a wide range of enterprises and situated in 16 states. The deal leaseback exchanges were involved both individual properties and multi-unit portfolios.
“We are excited about the successful start to our company and the foundation of excellence our team laid this year,” said Chris Burbach, CEO of Fundamental Income. “Our ability to deploy capital and establish strong business partnerships during this unique environment is a testament to the quality of people we have brought together and the platform we have built with a best-in-class partner in Brookfield.”
Driven by seven venture accomplices with a consolidated 50 years and $15 billion of net rent, capital business sectors and land insight, Fundamental Income puts resources into single-occupant properties net rented to working organizations across the United States. The firm dispatched in April 2020 with an underlying value responsibility of $500 million from an asset oversaw by Brookfield Asset Management (NYSE: BAM), a worldwide resource director with around $575 billion in resources under administration.
Crucial Income explored more than 170 exchanges and $4.6 billion in obtaining openings from its dispatch to the furthest limit of the year. The firm targets deal leaseback exchanges between $5 - $500 million across every one of the 50 states with organizations working in businesses, for example, Retail, Entertainment, Services, Industrials, Manufacturing, Distribution, Healthcare, and Automotive.
“The investments we made in the final months of 2020 demonstrate the transactional expertise and certainty of execution that our firm provides businesses and business owners across the country,” said Alexi Panagiotakopoulos, CIO of Fundamental Income. “We take pride in understanding our clients’ businesses and creating long-term partnerships to support their continued success and growth.”
About Fundamental Income
Led by seven investment partners with over 50 years and $15B of cumulative transaction history, Fundamental Income is a net lease platform focused on investing in single-tenant commercial properties, net leased to businesses operating in a wide variety of industries that directly or indirectly serve the US consumer. Fundamental Income provides real estate capital solutions and sale-leasebacks to businesses and business owners with established and growing operations across the United States.
Separately, Fundamental Income is also the Founder, Sponsor, and Index Provider to the NETLease Corporate Real Estate ETF (NYSE arca: NETL), which seeks to track the performance of the Fundamental Income Net Lease Real Estate Index (NETLXT) calculated by NASDAQ.
REAL ESTATE TECHNOLOGY
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.
REAL ESTATE TECHNOLOGY
prnewswire | December 01, 2020
San Diego-based Tower 16 Capital Partners, in organization with Drake Real Estate Partners, has obtained Sierra Vista Apartments, a 258-unit multifamily venture in Tucson, Ariz. The property was gained from a private vender in an off-market exchange.
Since its establishing in 2017, Tower 16 has taken comparable actions into business sectors all through the west, having gained more than 4,000 units in California, Las Vegas, Phoenix and Denver. The organization looks for business sectors with expanding interest for labor force lodging driven by work development and in-movement however with moderately low degrees of new gracefully. As indicated by organization chiefs, Tower 16 plans to fabricate an arrangement of more than 1,000 units in the Tucson market.
Sierra Vista Apartments is situated at 3535 N. First Avenue in Tucson, Ariz. The property is minutes from the I-10 turnpike and a little ways from Downtown Tucson and the University of Arizona grounds. The people group comprises of one-, two-and three-room condos with a huge clubhouse, exercise center and two pools. Pinnacle 16 will administer near $4 million in overhauls and remodels to the property including modernized unit redesigns, another clubhouse, exercise center and refreshed pool territories. The organization will likewise be adding outside civilities including grills, seating and open air gaming regions.