First National Realty Partners Completes Acquisition of Walmart-Anchored Center

Cision PR Newswire | February 28, 2020

First National Realty Partners Completes Acquisition of Walmart-Anchored Center
FIRST NATIONAL REALTY PARTNERS, a leading institutional real estate investment firm, announced the acquisition of The Court at Hamilton, a 194,000 square foot Walmart-anchored retail center located in Hamilton, NJ. The property was acquired in an off market transaction and adds another high quality asset to the firm's growing portfolio of premier real estate assets throughout the United States. The Court at Hamilton is an inviting and thriving retail center anchored by a 150,000-square-foot Walmart Supercenter. The property underwent a $17-million redevelopment in 2016. It is located in a densely populated area and strategically positioned within one mile to I-295, a heavily traveled interstate. It is currently 99% occupied. Key tenants at the center include Walmart, Burger King, Rainbow, Capital Health Primary Care, Santander Bank, Wine Republic, and many more.

Spotlight

The Central London residential development market has proved remarkably robust during the course of 2017 and has even staged a mini recovery. Prices have held firm during 2017, the number of sales has increased slightly and the number of starts has also risen.

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Brennan Investment Group Launches Corporate Real Estate Initiative under CRES Brand

Brennan Investment Group | May 19, 2020

Brennan Investment Group, a private real estate investment firm that acquires, develops, and operates industrial real estate facilities throughout the United States. Under CRES, Brennan will help companies improve supply chain efficiency by purchasing surplus industrial real estate, providing customized build-to-suits. CRES will undertake both single transactions and multi-property, multi-location portfolio acquisitions. Brennan Investment Group, a private real estate investment firm that acquires, develops, and operates industrial real estate facilities throughout the United States has announced its corporate real estate initiative, under the Corporate Real Estate Solutions (CRES) brand. Under CRES, Brennan will help companies improve supply chain efficiency by purchasing surplus industrial real estate, providing customized build-to-suits, and entering into both long- and short-term sale leasebacks. With a nationwide portfolio of 44 million square feet and nine offices, Brennan's national platform is uniquely positioned to provide integrated industrial solutions for Corporate America. Corporations, not investors, own the majority of our nation's industrial land and buildings. Further, more than at any time in history, supply chain designs are rapidly evolving with the goal of minimizing disruptions. Whether caused by port-of-call labor disputes, geopolitical uncertainties, or supply disruptions from pandemics, Corporate America has begun a supply chain reconfiguration process that will require a decade to complete. Brennan will offer its platform, its capital, and its expertise to rebuild the backbone of our nation's industrial infrastructure, Michael Brennan, Chairman and Co-Founder of Brennan Investment Group. Read More: Zillow Resumes Home Buying with a Renewed Commitment to Real Estate Health Safety Initiative Beyond geopolitics or pandemics, advances in technology have also accelerated supply chain reconfigurations. "For years, the United States lost much of its manufacturing base to low cost labor countries," observed Brennan, "but technology, such as robotics, removed the comparative advantage of cheap labor, allowing companies to repatriate back to U.S. shores. The technology catalysts that drove e-commerce will do the same for the manufacturing sector." Brennan's CRES initiative will continue to serve the traditional needs of corporations, including sale leasebacks. Through its single-tenant net lease division, Brennan has acquired over 20 million square feet of mission critical buildings. Robert Vanecko, Managing Principal and head of Brennan's single-tenant net lease division observed, "the desire to be 'asset light' is a key driver. This liberates new capital for our tenant and also increases the value of the tenant's operating business. The presence of private equity firms purchasing operating companies has accelerated the 'asset light' operating model." Organized to provide customized solutions, CRES will undertake both single transactions and multi-property, multi-location portfolio acquisitions. The essence of CRES is quite simple: to help corporations. If that means purchasing a single surplus asset, we'll do it. If it's a build-to-suit, an expansion of an existing facility, a portfolio of assets, or any combination of that, we'll do it. We want to say 'yes' as often as we can, Scott McKibben, Brennan's Chief Investment Officer and Managing Principal. The criteria for the new CRES program is as follows: • Size: $3 million up to $500 million • Locations: Top 100 MSA's • Property Types: distribution, manufacturing, light industrial, R and D • Transaction Types: surplus assets, long- and short-term sale leasebacks, build-to-suits, expansions, single assets or portfolios • Credit: investment grade or non-investment grade "Our CRES program is well suited for this environment," commented McKibben. "Its broad reach can help both large and smaller corporations, in up to 100 MSA's, with an ability to undertake the simplest to the most complex transactions." Read More: 6 Ways to Finance Real Estate Investments About Brennan Investment Group Brennan Investment Group, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States. Since 2010, Brennan Investment Group has acquired over $4 billion in industrial real estate. The company's current portfolio spans 29 states and encompasses 44 million square feet.

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REAL ESTATE TECHNOLOGY

Carrier to Acquire BrokerBay Inc., a Leading Digital Real Estate Solutions Provider

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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Dealpath Selected as Real Estate Deal Management Solution for Manulife Investment Management

Dealpath | June 16, 2020

Dealpath, the leading software solution for real estate investment and portfolio management, announced today that Manulife Investment Management has chosen Dealpath as its real estate deal management solution. Dealpath will provide its industry-leading software solution to manage the investment pipeline and streamline the acquisition and disposition process. Manulife Investment Management’s Real Estate team will leverage Dealpath as their command center for smart pipeline tracking, powerful deal analytics and collaborative workflows empowering smart acquisition decisions, driving operational leverage and mitigating enterprise risk.

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Spotlight

The Central London residential development market has proved remarkably robust during the course of 2017 and has even staged a mini recovery. Prices have held firm during 2017, the number of sales has increased slightly and the number of starts has also risen.