Foreign Investment in U.S. Net-Lease Assets Help Drive Record Year in 2019

WORLD PROPERTY JOURNAL | February 28, 2020

Global commercial property consultant CBRE is reporting this week U.S. net-lease investment reached record highs in 2019, with investors increasingly attracted to opportunities in high-growth secondary and tertiary markets. Net-lease investment--comprising office, industrial and retail properties--increased by 10.9% in 2019 to a record $77.5 billion, outpacing the growth rate of all commercial real estate. This was despite a 23% year-over-year drop in Q4 2019 volume to $19.5 billion--still 18.2% above the five-year average. Some of the largest annual gains for net-lease investment were in San Diego (+110%), the Inland Empire (+105%), Tampa (+56%), Indianapolis (+50%) and Memphis (+48%). Los Angeles ($5.0 billion), New York City ($4.9 billion) and San Jose ($4.2 billion) had the most full-year net-lease investment in 2019, while Seattle was the most favored market in Q4 2019 ($2.2 billion).

Spotlight

When the weather changes, often times, your energy bill does, too. To keep your bills lower during the cold and hot months, as well as have a positive impact on the environment by going green, we here at Shea Homes put together this infographic of 10 ideas to help improve your home’s energy efficiency.

Spotlight

When the weather changes, often times, your energy bill does, too. To keep your bills lower during the cold and hot months, as well as have a positive impact on the environment by going green, we here at Shea Homes put together this infographic of 10 ideas to help improve your home’s energy efficiency.

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REAL ESTATE TECHNOLOGY

$1.6B Industrial Recapitalization of Blackstone Real Estate Income Trust and LBA Logistics Announce

businesswire | January 22, 2021

Blackstone Real Estate Income Trust, Inc. ("BREIT") and LBA Logistics ("LBA") today declared the recapitalization of two mechanical portfolios possessed by LBA involving $1.6 billion of gross worth. BREIT gained a roughly 60% consolidated revenue across the two portfolios, and LBA's venture asset and its financial specialists held the equilibrium. The portfolios involve 71 top notch resources adding up to 9.5 million square feet and are around 95% involved. The resources are found dominatingly in last mile areas in West Coast markets with by far most in California and Seattle, which are two of the best performing mechanical business sectors in the country. After shutting this exchange, over 90% of BREIT's land speculations will be in multifamily, modern, and net rented resources, with mechanical speaking to over 35% of BREIT's portfolio. Eastdil Secured filled in as a guide to LBA Logistics. Blackstone Real Estate Income Trust Blackstone Real Estate Income Trust, Inc. (BREIT) is an unending life, institutional quality land venture stage that carries private land to pay centered financial specialists. BREIT puts resources into settled, pay producing U.S. business land across key property types and less significantly in land obligation speculations. BREIT is remotely overseen by an auxiliary of Blackstone (NYSE: BX), a worldwide pioneer in land contributing. Blackstone's land business was established in 1991 and has around $174 billion in financial specialist capital under administration. About LBA Logistics LBA Logistics (LBA) is a full-service real estate investment and management company with a diverse portfolio of industrial properties in major markets throughout the United States. LBA Logistics’ portfolio currently totals over 60 million square feet and consists of state-of-the-art, high-bay distribution space, light manufacturing and multi-tenant business parks. LBA owns assets in major port and airport adjacent locations including South and Northern California, Seattle, Dallas, Chicago, Atlanta, New York/New Jersey, and Florida as well as regional inland hubs and infill last-mile delivery locations. In addition, LBA Realty owns and operates a portfolio of office and mixed-use properties throughout the Western United States.

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INVESTMENTS

CYMBAL DEVELOPMENT AND DLT GLOBAL LAUNCH ARTISTS-IN-RESIDENCE PROGRAM AT OASIS POINTE RESIDENCES

CYMBAL DEVELOPMENT AND DLT GLOBAL | January 17, 2022

Cymbal DLT Arts Foundation, a foundation established by Cymbal Development and DLT Global, is proud to announce the launch of its Artists-in-Residence Program at Oasis Pointe Residences, Cymbal Development and DLT Global's newest design-driven, multi-unit waterfront apartment complex opening in Dania Beach in Spring 2022. The program aims to highlight the diversity, creativity, and soul of the arts community and advocate for artists across a spectrum of media and artistic approaches. The foundation is currently calling for submissions to the 2022 Artists-in-Residence Program from artists nationwide. As part of the Artists-in-Residence Program, Oasis Pointe is inviting up-and-coming creatives from all professional backgrounds, demographics, career stages, and artistic styles to live and work for free in its state-of-the-art residential building for up to six months. Artists' partners, children, and pets will also be welcomed for the entire stay of the program. To be eligible, artists are required to either hold a bachelor's, master's, or Ph.D., be starting on a professional path in the arts, or be seeking to utilize the residency to cultivate a project. South Florida is known for its vibrant art communities, including museums, colorful street murals, art walks, exhibitions, studios, and Art Basel, the leading global platform connecting collectors, galleries, and artists, In an ideal world, art would be free and accessible for everyone, and that is why we felt it was imperative to launch an Artists-in-Residence Program where we can provide a unique opportunity for creatives to advance their careers through access to our space, community connections, and financial support." Asi Cymbal, president of Cymbal Development. Artists will receive up to a six-month rent-free, fully-furnished residency at Oasis Pointe. At the completion of their residency, successful applicants and their families may be invited to extend their residency at Oasis Pointe or in any other Cymbal DLT community in South Florida. In exchange, the Artists-in-Residence Program requests that up to two original works be gifted to Oasis Pointe's permanent collection to be displayed in the building's common areas. The scope of work will be determined on an individual basis in conjunction with the artist. In an effort to create a meaningful dialogue between the artists and the residential community, artists will also be requested to share their practice via an open studio or lecture/slideshow on the property at least once during their stay. About Oasis Pointe Residences Dania Beach's first waterfront apartment building, Oasis Pointe Residences is a 2.4-acre, 301-unit complex featuring thoughtfully planned details and exceptional indoor and outdoor amenities designed to create fresh-air havens of relaxation and retreat. The luxury indoor-outdoor living spaces respond to the timely demands for better natural ventilation, lighting, and air quality, while the amenities seek to enhance the mental and physical well-being of residents. Inspired by the surrounding water and nature, key amenities and features of the eight-story building include: butterfly and meditation gardens; a surf club; a waterfront boardwalk with a 19-slip marina; a Zoom lounge with private office suites and workstations; an outdoor lap pool; a fire pit with outdoor BBQ and picnic areas; a state-of-the-art, open-air fitness facility and yoga studio; an indoor lounge and game room; a dog park; and air purification, sterilization, and ionization systems that are 99% effective against COVID-19. About Cymbal Development Cymbal Development envisions and creates design-driven communities. It consists of real estate developers, builders, and restaurateurs who seek to inspire, innovate, and transform by working with the best designers and teams in the world to create compelling environments. Led by Asi Cymbal, Cymbal Development has a development and construction pipeline of over $1.5 billion in projects. The company is seeking to double that volume this year. About DLT Global DLT Global provides every aspect of real estate acquisition, planning, management, and construction expertise. With over 30 years of combined experience and dedication to this field, DLT Global prides itself in helping foreign investors protect their investments and maximize profits.

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REAL ESTATE INVESTMENT

KBS Announces Acquisition of Class-A Office Space in Nashville

KBS | April 26, 2022

On April 25th, KBS, a premier commercial real estate investor in the U.S., announced the acquisition of the UBS Tower, a 605,000 square-foot premium office building in Nashville, Tennessee. The tower is a Class A property and is located at 315 Deaderick Street. With a population quickly approaching two million, Nashville is a vital business, tourism, and transportation center. Nashville boasts a thriving economy that is predicted to see a3.9% growth in employment in 2022. This activity creates numerous office-using jobs and significantly increases the rental growth and demand in the market. Now was the opportune time for us to make this investment.” Marc DeLuca, CEO and Eastern regional president at KBS The UBS Tower was built in 1972 and is located in an ideal location in Nashville. It is a perfect retail and office space. Allen Aldridge, senior vice president of acquisitions, dispositions, and co-director of asset management for KBS, commented, “There is strong ongoing demand for premier office space located within walking distance to downtown amenities, and UBS Tower is well positioned to benefit from significant tenant in-migration. The property offers unobstructed views of downtown, move-in ready full floor spec suites, and superior access to executive housing to the west and south via Charlotte Avenue.” “We plan to make UBS Tower even better by adding in-demand features such as a coffee bar located in the lobby, bike room and shower, dog recreation area, and modernized façade. We also plan to add electric car charging stations and verify the building with UL Healthy Buildings since we are constantly looking for ways to incorporate eco-friendly property amenities that elevate the tenant experience while reducing our carbon footprint,” Albridge stated further.

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