REAL ESTATE TECHNOLOGY

KKR Grows First Investment Real Estate Industrial Portfolio in Leigh Valley Market in Pennsylvania

businesswire | December 15, 2020

KKR, a main worldwide speculation firm, today declared the obtaining of a 600,000 square foot mechanical dispersion property in Hamburg, Pennsylvania. The property is the principal procurement by KKR's land business in the Lehigh Valley market.

The resource is a best in class satisfaction focus finished in 2020, which is found only minutes from Allentown and offers superb network to New York and the more extensive Tri-State zone inside a two hour drive. The property was 100% rented at procurement to excellent occupant on a drawn out premise. KKR procured the resource from the engineer, the Keith Corporation.

“We are excited to expand our broader industrial footprint with our first acquisition in the Lehigh Valley market,” said Roger Morales, KKR Partner and Head of Commercial Real Estate Acquisitions in the Americas.

KKR is making the speculation through its center in addition to land system. Across its assets, KKR now possesses more than 31 million square feet of mechanical property in essential areas across significant metropolitan regions in the U.S. Since dispatching a devoted land stage in 2011, KKR has developed land AUM to roughly $14 billion across the U.S., Europe and Asia as of September 30, 2020. The worldwide land group comprises of more than 90 devoted venture experts, spreading over both the value and credit organizations.

About KKR
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, credit and real assets, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about KKR

Spotlight

The 2016 Autumn Statement contained relatively little that directly impacts the commercial real estate  market. With the asset class being so closely linked to occupier dynamism and infrastructure investment, these two elements are the key takeaways for property investors. Economies that invest more in R&D and their science base tend to have stronger long-term growth whilst a strong physical (housing, roads, rail) and digital (broadband and mobile) infrastructure provides the right support for a more productive workforce andfor more successful businesses, all of which is positive for real estate investment. However, the full effects may not be realised for several years.

Spotlight

The 2016 Autumn Statement contained relatively little that directly impacts the commercial real estate  market. With the asset class being so closely linked to occupier dynamism and infrastructure investment, these two elements are the key takeaways for property investors. Economies that invest more in R&D and their science base tend to have stronger long-term growth whilst a strong physical (housing, roads, rail) and digital (broadband and mobile) infrastructure provides the right support for a more productive workforce andfor more successful businesses, all of which is positive for real estate investment. However, the full effects may not be realised for several years.

Related News

REAL ESTATE INVESTMENT

Coldwell Banker Announces Acquisition of Iconic Manhattan Real Estate Brand Warburg Realty

Realogy Holdings Corp. | October 06, 2021

Coldwell Banker Real Estate, LLC and Warburg Realty, two of the most trusted and exemplary real estate companies in America, have joined together to form Coldwell Banker Warburg, a legacy New York firm leveraging the worldwide global power of the Coldwell Banker brand name. The new powerhouse Coldwell Banker Warburg will be fully rebranded in January of 2022, following filing with the State. Warburg Realty and Coldwell Banker each bring more than 100 years of industry experience and success, originating from opposite coasts of the country. The companies were established within a decade of each other, Coldwell Banker in San Francisco in 1906 and Warburg Realty in New York in 1896. The newly combined entity is thus grounded in 240 combined years of industry knowledge and proven track records of excellence. Chief Executive Officer of Warburg Realty Frederick Warburg Peters, along with his management team and elite brokerage force, will remain with the newly combined company. Warburg Realty will retain its two prime office locations, comprising more than 120 affiliated sales professionals. Coldwell Banker Warburg will be the first acquisition to be fully branded under the Coldwell Banker Global Luxury program, underlining the significance of a top-quality New York presence added to the Coldwell Banker brand's best-in-class client services in such markets as Los Angeles, Aspen, Colorado and Miami. For over 120 years, Warburg Realty has defined the highest standard in luxury real estate brokerage and has built, managed, and brokered many of New York City's most prominent houses and apartments. While Warburg has maintained a cutting-edge profile and constantly adapted to an ever-changing industry, the addition of the Coldwell Banker brand's cutting-edge suite of marketing, education, and state-of-the-art technology tools will enable the firm to even more effectively spread its wings. Led by CEO, broker, and real estate innovator Frederick Warburg Peters and headquartered on Madison Avenue, the company's affiliated agents are strategically located across Manhattan to ensure every client has seamless access to the city's finest properties. Warburg Realty luxury agents are leaders in the New York Market and this partnership will provide them with the Coldwell Banker brand's powerful Global Luxury certification program and access to a global network of luxury experts to better serve their high-net-worth clientele. The Coldwell Banker Global Luxury program represents over $168 million in sales volume daily based on 2020 data. Having a New York presence will significantly strengthen the company's global position while reinforcing Warburg's leadership in the New York luxury space. The newly minted Coldwell Banker Warburg will continue to deliver the same top-quality services clients have come to expect. Enjoying centuries of joint experience and on-the-ground resources, Coldwell Banker Warburg will continue to push the industry forward. This is a groundbreaking moment for both Coldwell Banker and Warburg Realty. This marks the Coldwell Banker brand's expansion into Manhattan and solidifies our presence in the New York luxury real estate landscape. With its storied legacy and tradition of extraordinary service, Warburg has earned significant respect from customers, colleagues, and me. We have a strong personal relationship, and I have deep admiration for Frederick and the entire Warburg team. We look forward to further strengthening our position as a North Star of luxury real estate in New York City for many more decades to come. —M. Ryan Gorman, president and CEO, Coldwell Banker Real Estate LLC I am extremely proud and happy to see Warburg Realty become a partner in the Coldwell Banker brand's Global Luxury initiative. Throughout my 40-year career in residential real estate, I have worked to elevate the integrity and professionalism of our industry. Working with the Coldwell Banker brand, I am giving Warburg agents the finest tools to create even more value for our clients and customers. I know this joining of congruent brands will benefit us all. We can't wait to get started! —Frederick Warburg Peters, CEO, Coldwell Banker Warburg Coldwell Banker Warburg will operate as part of Coldwell Banker Realty, the company-owned offices of Coldwell Banker. A subsidiary of Realogy (NYSE: RLGY), which owns the Coldwell Banker company-owned offices, acquired Warburg Realty. About Coldwell Banker Real Estate LLC Powered by its network of over 96,000 affiliated sales professionals in approximately 2,900 offices across 40 countries and territories, the Coldwell Banker® organization is a leading provider of full-service residential and commercial real estate brokerage services. The Coldwell Banker brand prides itself on its history of expertise, honesty and an empowering culture of excellence since its beginnings in 1906. Coldwell Banker Real Estate is committed to providing its network of sales professionals with the tools and insights needed to excel in today's marketplace and is known for its bold leadership and dedication to driving the industry forward. The brand was named among the 2021 Women's Choice Award® Most Recommended brands for customer experience and overall quality. Blue is bold and the integrity and values of Coldwell Banker give the Gen Blue network an unbeatable edge. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. About Coldwell Banker Global Luxury® The Coldwell Banker Global Luxury® program legacy traces its roots to 1933 and has been a world leader in luxury real estate since. Coldwell Banker Global Luxury Property Specialists are an exclusive group within the Coldwell Banker organization, making up under ten percent of independent sales associates affiliated with the brand worldwide. Coldwell Banker affiliated agents conducted 27,595 transactions of homes priced at $1 million or more in 2019, more than any other national real estate brand. This equates to $144.4 million in sales every day with an average sales price of $1.9 million in this category. Coldwell Banker, the Coldwell Banker logo Coldwell Banker Global Luxury and the Coldwell Banker Global Luxury logo are registered marks owned by Coldwell Banker Real Estate LLC. Each franchise is independently owned and operated. About Realogy Holdings Corp. Realogy (NYSE: RLGY) is moving the real estate industry to what's next. As the leading and most integrated provider of U.S. residential real estate services encompassing franchise, brokerage, relocation, and title and settlement businesses as well as a mortgage joint venture, Realogy supported approximately 1.4 million home transactions in 2020. The company's diverse brand portfolio includes some of the most recognized names in real estate: Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and Sotheby's International Realty®. Using innovative technology, data and marketing products, high-quality lead generation programs, and best-in-class learning and support services, Realogy fuels the productivity of its approximately 194,200 independent sales agents in the U.S. and more than 142,700 independent sales agents in 117 other countries and territories, helping them build stronger businesses and best serve today's consumers. Recognized for ten consecutive years as one of the World's Most Ethical Companies, Realogy has also been designated a Great Place to Work four years in a row and is one of LinkedIn's 2021 Top Companies in the U.S.

Read More

BROKERAGE

Berkshire Hathaway HomeServices Expands its Footprint in Florida

Berkshire Hathaway | April 13, 2022

On April 12th, leading real estate brokerage network announced the expansion of its presence in Florida with the launch of Berkshire Hathaway HomeServices Palm West Realty. This will be the organization’s 13th franchise network in the state of Florida. Industry veterans Fred Lewers and Lou Delgado will be the co-owners of the firm. It will cater to the residential and luxury real estate market in the state in areas such as Flagler, St. Johns, and Volusia Counties. Fred, who is originally from Staten Island, NY was a former firefighter with the city and retired after 20 years of service. He also served in the U.S. Army Reserve and retired as a Sergeant Major after 26 years. Lou moved to Palm Coast from east Setauket, New York almost 42 years ago. He managed and owned Tropicana Products distribution routes. Lou commented, “Providing our clients with an extraordinary experience from start to finish is at the core of everything we do here. Aligning with the Berkshire Hathaway HomeServices global brand will allow us to reach new heights in real estate. We are excited to reach new potential.” Palm Coast was recently designated the #1 retirement community, making it a local hotspot. We are pleased to welcome Lou, Fred, and the entire team to real estate's Forever Brand. The team has been in the market for over 40 years and are well-equipped to represent the significant number of high-net-worth individuals and families coming to the market.” Christy Budnick, CEO, Berkshire Hathaway HomeServices As part of the network, agents of the Berkshire Hathaway HomeServices Palm West will gain access to the parent organization’s active relocation and referral network and its suite of cloud technology.

Read More

REAL ESTATE INVESTMENT

Capital Square 1031 Acquires 55+ Manufactured Housing Community Near Vero Beach, Florida

Capital Square 1031 | February 10, 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 55+ manufactured housing community in Sebastian, Florida. The community was acquired on behalf of CS1031 Palm Lake Club MHC, DST. This is Capital Square's 10th acquisition of an age-restricted (55+) manufactured housing community in Florida for the 1031/DST program, MHC properties in Florida are among the most desirable assets in the nation due to their scarcity, stability and growth potential. Also, MHC assets solve a need for residents as an affordable housing option, providing most benefits of a single-family home with the low cost of multifamily housing. For these reasons, Capital Square's 1031 exchange investors are flocking to MHC investments for stable income and appreciation." Louis Rogers, founder and chief executive officer of Capital Square. Situated at 39 Treasure Circle in the rapidly growing Indian River County, Palm Lake Club is a 97.6% occupied community with 126 homesites. The property's proximity to U.S. Highway 1 and Interstate 95 connects it to Vero Beach and offers additional access to Port St. Lucie, West Palm Beach and Boca Raton. Palm Lake Club is close to parks, shopping, golf courses and wildlife preserves. Onsite amenities include a heated pool, clubhouse, library, recreational facilities, a shuffleboard court and a seven-acre lake surrounded by resident homes. CS1031 Palm Lake Club MHC, DST seeks to raise $24.3 million in equity from accredited investors. Palm Lake Club is a well-positioned asset that offers investors significant upside potential through a value-add execution due to minimal rent escalations over the past 10 years combined with room for strategic improvements, Capital Square intends to make investments into the community that will include upgrades to the clubhouse, landscaping, outdoor lighting, roadways and other amenities that will further enhance the value of the property to residents and investors alike." Whitson Huffman, chief strategy and investment officer with Capital Square. Since its founding in 2012, Capital Square has acquired 148 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 $4.9 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.

Read More