REAL ESTATE INVESTMENT

Heartwood Real Estate Group launches in Austin, Texas

Heartwood | February 24, 2022

Heartwood_Real_Estate
Today, Heartwood Real Estate Group is excited to announce its official launch with several innovative projects totaling more than 1,000 residential units in the Austin, Texas area. Heartwood will develop and build a wide variety of assets, ranging from luxury single-family residences and townhome communities to workforce and affordable apartment communities. Heartwood is dedicated to solving Austin's real estate crisis by providing homes for all residents and strengthening the city's well-loved neighborhoods and communities.

Heartwood's team is led by president and founder Chris Affinito, who brings more than a decade of experience in a variety of real estate and development sectors, including acquisitions, development, structured finance, valuation, and sales. Dan O'Dea, President of Delphi Affordable Housing Group, serves as Heartwood's advisor and as lead investor through his family office, DAHG Capital Partners, LLC. Dan brings over 40 years of experience in affordable housing development, structured finance, and private equity.

Heartwood's initial project, The Reyna, is already under construction. Estimated for completion in 2023, this luxury, boutique townhome community is just a stone's throw from the many funky bars, restaurants, shops and cafes in the vibrant South Congress corridor. Heartwood is also spearheading a new development on Springdale Road in East Austin. Currently in pre-development, this 344-unit mixed-use community will participate in the City of Austin's Affordability Unlocked program, reserving half of its 344 units for families earning 60% or less of the area's median family income (MFI).

Austin home prices rose 30% in 2021, while rents rose by 25%, both of which were among the highest rates in the nation. At Heartwood, we're committed to helping residents face the challenges of this housing crisis through our creative and meticulous approach to real estate development." 

Affinito.

Our goal is to make Austin both affordable and beautiful as it grows, with 50% of our developments featuring substantial affordable housing components."

co-founder and Director of Operations Mackenzie McCauley.
 
Heartwood leverages close relationships with local consultants and partners, as well as in-depth knowledge of Austin's housing market and development process, to tackle complex projects others tend to overlook. Heartwood aims to help Austin solve its affordability crisis by making a substantial contribution to the city's critically insufficient housing supply.

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CISCO CONNECTED REAL ESTATE UTILISES THE POWER OF THE INTERNET TO BRING HUGE FINANCIAL AND OPERATIONAL ADVANTAGES NOT ONLY TO THE KEY STAKEHOLDERS IN THE CONSTRUCTION, REAL ESTATE AND PROPERTY SERVICES INDUSTRIES, BUT ALSO TO CORPORATE TENANTS, HOTEL OPERATORS.

Spotlight

CISCO CONNECTED REAL ESTATE UTILISES THE POWER OF THE INTERNET TO BRING HUGE FINANCIAL AND OPERATIONAL ADVANTAGES NOT ONLY TO THE KEY STAKEHOLDERS IN THE CONSTRUCTION, REAL ESTATE AND PROPERTY SERVICES INDUSTRIES, BUT ALSO TO CORPORATE TENANTS, HOTEL OPERATORS.

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REAL ESTATE INVESTMENT

Cantor Fitzgerald Income Trust, Inc. Closes $118 Million Dollars in Real Estate Related Acquisitions

Cantor Fitzgerald | July 29, 2022

Cantor Fitzgerald Income Trust, Inc. ("CF Income Trust"), a non-traded real estate investment trust and affiliate of Cantor Fitzgerald, L.P., announced today the completion of more than $118 million in real estate-related transactions since the beginning of 2022. As of June 30, 2022, the portfolio exceeds 6.9 million square feet1 with total assets controlled of $1.05 billion.2 Chris Milner, President of CF Income Trust, stated, "We have been active, thus far in 2022, and continue to execute on our high conviction themes of acquiring well-located multifamily properties and net lease assets with strong tenants." Recent acquisitions include: Eisai Inc. North American Headquarters – Nutley, New Jersey – Class-A Office On April 22, 2022, CF Income Trust, through a joint venture with a subsidiary of Cantor Fitzgerald Investors, LLC, indirectly acquired 10% of the interests in a Delaware Statutory Trust that purchased a 15-story, 332,000 square foot Class-A office tower located in Nutley, New Jersey. The property is leased to Eisai Inc. and serves as the North American headquarters for Eisai Co., Ltd. ("Eisai"), a Japan-based global pharmaceutical company. The property was most recently renovated in 2021 and is designed to nurture the company's hybrid flexible working model, which allows for collaboration and interaction among colleagues. Additional features include a 405-seat auditorium, private outdoor garden, and amenity area. "The property is located within the master planned ON3 life sciences campus, an area that will ultimately include 1.4 million square feet of office/R&D/medical space, multifamily residential, retail amenities, a full-service hotel, and significant green space," said Roger Shreero, Managing Director, Cantor Fitzgerald. "This newly renovated, high-quality asset is a great addition to the portfolio and is a centerpiece within the growing life sciences landscapes of the Nutley and Clifton townships." Landings of Conroe, Conroe, Texas – Multifamily CF Income Trust, through a joint venture with an affiliate of CAF Management, LLC, acquired a 200-unit multifamily property located in Conroe, Texas. Built in 2005, the property features one-, two-, and three-bedroom apartment home floor plans with amenities including a clubhouse, 24-hour fitness center, swimming pool, picnic and grilling area, sport court, dog park, and gated access. "The area has seen significant growth in recent years due to corporate expansions by ExxonMobil, HPE, HP Inc., and ABS in neighboring The Woodlands and Springwoods Village," said Matt Keefer, Managing Director, Cantor Fitzgerald. "Housing demand continues to rise and the property is in a position to benefit from that demand." Mars Petcare - Columbus, Ohio - Cold Storage Warehouse CF Income Trust, Inc., through a wholly owned subsidiary of its operating partnership, acquired a 465,256 square foot cross-dock dry/cold storage facility in Columbus, Ohio. The property is 100% leased to Mars Petcare, U.S. Inc., the domestic segment of Mars' global pet care business. Located adjacent to Mars Petcare's primary production facility, the property features 168,245 square feet of freezer space, LED lighting, 30' clear heights, 27 dock doors, two drive-in doors, 212 car spaces, and 100 trailer spaces on a 21.6-acre site. "We are pleased with the performance and growth of CF Income Trust, We remain focused on adding well-located properties with predictable income streams to our defensively positioned portfolio. Our ability to be selective in today's market is key to our success." Jay Frank, President, Cantor Fitzgerald Asset Management About Cantor Fitzgerald Income Trust, Inc. Cantor Fitzgerald Income Trust, Inc. is a publicly registered, non-traded, monthly-valued perpetual NAV real estate investment trust (REIT) that owns and manages a diversified portfolio of institutional quality, income-producing commercial real estate including apartments, industrial, office, and necessity retail properties located in the United States About Cantor Fitzgerald, L.P. Cantor Fitzgerald, with over 12,000 employees, is a leading global financial services group at the forefront of financial and technological innovation and has been a proven and resilient leader for over 77 years. Cantor Fitzgerald & Co. is a preeminent investment bank serving more than 5,000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, SPAC underwriting and PIPE placements, prime brokerage, and commercial real estate, and for its global distribution platform. Cantor Fitzgerald & Co. is one of the 24 primary dealers authorized to transact business with the Federal Reserve Bank of New York. Cantor Fitzgerald is a leading SPAC sponsor, having completed multiple initial public offerings and announced multiple business combinations through its CF Acquisition platform.

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MARKET OUTLOOK,REAL ESTATE ADVICE

Ventas’s Outlook Revised by Fitch Ratings to Stable

Ventas | July 19, 2022

Ventas, Inc. (NYSE: VTR) today announced that Fitch Ratings (“Fitch”) has revised its rating outlook for Ventas to Stable from Negative and affirmed Ventas’s issuer credit rating of ‘BBB+’. In revising Ventas’s outlook, Fitch highlights that operating performance in Ventas’s senior housing operating portfolio is expected to continue to gain momentum as evidenced by steady gains in rent growth and occupancy. Fitch believes that the senior housing portfolio is positioned for a strong recovery driven by attractive 80+ population growth leading to higher move-ins and a favorable supply backdrop. Fitch notes the benefits of Ventas’s diversified portfolio, approximately 30% of which consists of high-quality, principally on-campus medical office buildings and life science properties anchored by over 17 top-tier, high credit research universities. Fitch also cites Ventas’s strong liquidity position with minimal debt maturing through 2023 and management’s commitment to a strong financial policy. About Ventas- Ventas Inc., an S&P 500 company, operates at the intersection of two large and dynamic industries – healthcare and real estate. Fueled by powerful demographic demand from growth in the aging population, Ventas owns a diversified portfolio of over 1,200 properties in the United States, Canada, and the United Kingdom. Ventas uses the power of its capital to unlock the value of senior living communities; life science, research & innovation properties; medical office & outpatient facilities, hospitals and other healthcare real estate. A globally recognized real estate investment trust, Ventas follows a successful long-term strategy, proven over more than 20 years, built on diversification of property types, capital sources and industry leading partners, financial strength and flexibility, consistent and reliable growth and industry leading ESG achievements, managed by a collaborative and experienced team dedicated to its stakeholders.

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REAL ESTATE INVESTMENT

TPG Real Estate and Taurus Announce ESG-Centric Joint Venture for Development Within Avian Pointe

TPG Real Estate | July 08, 2022

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We are excited to partner with them and take the first step in what will be a best-in-class, sustainable and healthy Central Florida community.” Peter A. Merrigan, CEO of Taurus Utilizing EcoSmart Solution’s GeoGrid™, a community-wide utility, similar to water, sewer and electric lines, the geothermal exchange system will power the initial multifamily development. The system is uniquely designed to take advantage of local ground conditions and will tap into the Floridan Aquifer to exchange heat with the subsurface body of water that continuously moves underground across the state of Florida. The program at Avian Pointe will also include energy efficient technology such as geothermal heat pumps, Solar PV systems, EV charging and advanced energy monitoring tools, resulting in an energy resilient and sustainable community. “As investors, developers and homebuilders prioritize ESG-centric business initiatives, EcoSmart Solution offers an impactful solution for sustainable developments, which has become an urgent priority across the real estate sector,” said John Towle, CEO of EcoSmart Solution. “We’re tremendously appreciative of the opportunity to work with TPG to showcase our energy efficient technology that allows developers to meet increasingly aggressive energy efficiency standards.” About TPG Real Estate Partners TPG Real Estate Partners ("TREP") is the dedicated real estate equity investment platform of global alternative asset firm TPG. Today, TREP has $10.5 billion of assets under management. Since its inception in 2009, TREP has built a differentiated investment portfolio comprised primarily of real estate-rich platforms and portfolios located in the United States and Europe. TPG was founded in 1992 and now has approximately $120 billion of assets under management with investment and operational teams in 12 offices around the world. About Taurus Investment Holdings, LLC Established in 1976, Taurus is a global real estate private equity firm with over 45 years of experience as a general partner, investor, and operator. By empowering and combining the strength of in-house experts in the fields of multifamily, office, logistics, mixed-use, and renewable energy, the firm has created targeted, scalable investments into value-add, core-plus, and development opportunities. Taurus is focused on using innovative energy efficient technologies to make the extensive infrastructure investments required to decarbonize residential and commercial buildings through its EcoSmart Solution and RENU Communities affiliates. Throughout North America and Europe, Taurus is consistently recognized as one of the premier owners of both directly managed and joint venture commercial real estate. To date, Taurus has purchased and developed more than 69 million square feet of residential, office, industrial, retail and other commercial real estate assets throughout the world with a total acquisition value of over $10 billion. About EcoSmart Solution EcoSmart Solution, an affiliate of global real estate investment firm Taurus Investment Holdings (TIH) and a green energy services provider (Green ESP), is designing and delivering innovative geothermal infrastructure combined with a comprehensive suite of distributed energy resources; enabling developers and builders of large-scale new construction neighborhoods to create energy efficient communities and homes, providing new homeowners and tenants an affordable, comfortable, and sustainable living.

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