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
Staley Point Capital | May 05, 2021
Staley Point Capital ("Staley Point"), a value-add investor focusing on commercial assets in Southern California, and Bain Capital Real Estate, Bain Capital's real estate investing division, announced today the off-market purchase of a 100,000 square-foot industrial property in Brea, California, for approximately $21 million.
"Given the supply barriers to entry and the solid demographics, we hope that this is only the first of many transactions in Orange County," said Eric Staley, Managing Director of Staley Point. "By providing closing assurance on a short timeline, we were able to differentiate ourselves as a buyer."
The property is located at 331 Cliffwood in North Orange County, with easy access to the rest of the county via the 57 freeway. The asset has a clear height of 22 feet, four dock-high positions, and is completely leased for five years.
This is the fourth sale done by Staley Point and Bain Capital Real Estate. It comes on the back of the newly announced acquisition of a 58,000 square-foot industrial property in Santa Fe Springs, as well as the purchasing of Freeway Point, an 83,000 square-foot industrial property, and a land site in the San Fernando Valley.
"This investment represents both our partnership's continued success and our emphasis on investing locally in industrial properties with solid underlying growth fundamentals," said Andrew Terris, Managing Director at Bain Capital Real Estate. "We established North County as an appealing and high-performing submarket, and we look forward to capitalizing on additional prospects in the area that fit with our thematic and value-added investment strategy."
Staley Point Capital and Bain Capital Real Estate have formed a joint venture to reposition and redevelop existing infill industrial sites near dense urban centers, mainly in Southern California.
Staley Point Capital's legal counsel on the deal was Greenberg Traurig, LLP. Pacific Partners advised both the buyer and the seller, while JLL Capital Markets will handle the loan financing.
About Staley Point Capital
Staley Point Capital is a real estate investment company headquartered in Los Angeles. Kevin Staley founded the firm in 2019 to acquire value-add and opportunistic real estate investments, mainly in the industrial sector. Notable Southern California assets have included The Citadel in Commerce, Magellan Gateway in El Monte, and Magellan Storage, a self-storage portfolio.
About Bain Capital Real Estate
Bain Capital Real Estate was established in 2018 and invests in often difficult-to-access markets that are supported by long-term structural developments that fuel long-term demand growth for real estate assets and services. Since 2010 (previously as a member of Harvard Management Company), the Bain Capital Real Estate team has been executing its plan, investing over $4.5 billion in over 440 assets across various industries. Bain Capital Real Estate focuses on small to mid-sized assets, where the team leverages its extensive market knowledge to accelerate impact and drive operational improvements. Bain Capital Real Estate's strategy is consistent with the value-added investing model pioneered by Bain Capital, and it leverages the firm's global platform and vast expertise across asset classes to further strengthen its knowledge and sourcing capabilities.
REAL ESTATE TECHNOLOGY
prnewswire | January 04, 2021
Pacificwide Business Group, Inc., the main land administration financier and an account and home loan organization in California, declares the authority dispatch of their new Corporate Brand Identity Standards and Redesigned Logo. The rebranding mirrors the organization's objective of coordinating advancement and innovations into the business structure while developing as a market chief.
As the business scaling up hugely, Pacificwide authority tries to carry the organization's capacity to the following level with a driven vision for what's to come. "The result is a finished redesign of every day business activity with bleeding edge data innovation reconciliation. Likewise, marking things, made since the organization's establishment days in 2009, are completely reproduced. "The old logo could at this point don't completely speak to Pacificwide's developing extension and incentive as a main firm in the business. It was unbending and old-fashioned, radiating the impression of the most recent decade blocks and concrete corporate.", said Pacificwide CEO Leon Le. The new changes expected to stay with the on target with the latest pattern all around the world, mirror its basic beliefs, and reaffirm their assurance to intensely push ahead paying little heed to future vulnerabilities.
The development of celebrated brands moves the organization's new image personality through time. The logo expects to convey the organization's vision and objective in the following decade while adjusting to the world's latest thing, which is effortlessness, level, balanced, and borderless. Every component speaks to individuals' attitude in 2020 and forward, where everything is anything but difficult to peruse and devour, high speed, and has no constraint. Pacificwide needs to stay aware of the cutting edge world and challenge themselves with the new look, new feel.
The fundamental components introduced, for example, the globe and the organization name, continue as before. They mean whatever the organization does, its main goal and basic beliefs remain the equivalent. The end of the 3D impact and the line over the name "Pacificwide" passes on the message of eradicating all impediments and provoking themselves to learn, work, and develop indefinity. Appropriately, shading and textual style are acclimated to draw out a perfect, effective, enthusiastic, and energizing vibe, much the same as how Pacificwide has consistently worked.
About Pacificwide Business Group, Inc.
Founded in 2009 in the heart of Silicon Valley, California, USA, Pacificwide Business Group, Inc. is a full-service real estate and mortgage company specializing in residential and commercial real estate, financial and mortgage services, real estate construction and development, new home services and property management.
The secret to our success is our agents and unique culture. We are a vast network of agents with diverse backgrounds and abilities, united in a passion to serve our community. Our focus is exceptional customer service as we aim to make our client's real estate experience as seamless as possible. We are not just your real estate professionals; we are your trusted friends and neighbors within your communities.