REAL ESTATE INVESTMENT

Matthews™ Broadens Capital Advisory Services with Acquisition of Cadence Capital Partners

Matthews Real Estate Investment Services | August 18, 2021

Matthews Real Estate Investment Services, a commercial real estate investment services and technology firm, today announced the acquisition of one of the industry’s most respected capital advisory firms Cadence Capital Partners, a company with a significant track record in the institutional and private client capital market space. With Cadence joining the firm, Matthews will now offer a full suite of capital solutions to solve every real estate funding need through the Matthews Capital Markets Division. Cadence was founded in 2017 by real estate executives, Michael Bennett and Jay Soave.

Cadence arranges equity and debt across all commercial property types. The company is unique to the industry as it focuses on equity first, partnered with a robust debt execution platform. With offices in Denver and Chicago, the firm excels in identifying capital sources outside the usual groups looking for opportunities, distinguishing themselves as a go-to authority for sourcing capital. They have originated and executed over $2.4 billion in transactions and placed over $850 million in equity and debt.

Kyle Matthews, Chairman & CEO of Matthews Real Estate Investment Services, stated, “We are pleased to announce and welcome Cadence principals and supporting employees to our growing Matthews™ roster. This signifies another step in our aggressive growth as we continue to expand and elevate our client relationships through expanding service lines.”

David Harrington, Executive Vice President & Managing Director, added, “We look forward to not only making a meaningful impact in the equity space but also growing our overall presence in the Denver and Chicago markets across all Matthews service lines. We are also amid additional capital markets initiatives that will propel the Matthews™ platform into the future. These additional announcements will be public soon.”

The equity service line under the Matthews Capital Markets Division will solve one of the most vexing aspects of real estate acquisition by bringing equity solutions in-house. Michael Conway, along with JT Johnson, will be Vice Presidents of the equity service line and complement the Matthews investment sales platform, providing fully integrated commercial real estate solutions. John Heitmann, also from Cadence, will be an integral part of the expanding presence in debt origination for Matthews™. Both Michael Bennett and Jay Soave will serve as executives and continue to help grow and advise the strategic direction for the division. Matthews™ is committed to redefining the brokerage experience and providing industry-leading advisory and support to clients. With this announcement, Matthews™ will also be expanding services to both Chicago and Denver markets.

About Matthews
Matthews Real Estate Investments Services, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned in over ten offices across the United States, Matthews continues to expand into new markets.

Spotlight

Every Hour in the US Housing Market:
- 624 Homes Sell
- 347 Homes Regain Positive Equity
- Median Home Values Go Up $1.13.

Spotlight

Every Hour in the US Housing Market:
- 624 Homes Sell
- 347 Homes Regain Positive Equity
- Median Home Values Go Up $1.13.

Related News

INVESTMENTS

Township Capital Acquires Two Multifamily Properties in Phoenix, Arizona for Value-Add Fund

Township Capital | February 17, 2022

Township Capital and Epic Investment Services ("Epic") announce the acquisition of Urban 188 and Urban 96 ("Urban Phoenix"), two adjacent residential rental properties in Phoenix, Arizona, as part of Township's GP Value-Add Fund I. ("the fund") The fund aims to acquire garden-style multifamily properties in select markets targeting strong demographics, durable employment, and other value-add characteristics. This marks the third and fourth acquisitions within the value – add partnership with Epic. Last year Township participated in Epic's U.S. Multifamily Fund I as lead investor with $60 million of total equity commitments. We are proud to be a part of another acquisition with Epic. Township has aligned with the strategy backing Fund I and experienced the results of sourcing the right product for the fund firsthand, The value creation model delivers exceptional results, which is important to Township's role as a lead investor in Epic's U.S. Multifamily Fund I. We've continued to seek opportunities in the multifamily sector given how resilient it has remained through the pandemic." Matthew Gorelik, CEO at Township Capital. About Urban Phoenix The 188-unit and 96-unit garden-style buildings, total 132,675 square feet and 4.42 acres located in central Phoenix. Positioned in a high rent-growth area near well-established employment hubs and in proximity to the Valley Light Rail system and Highway I-17. Providing convenient access to surrounding high profile neighborhoods of Arcadia, Biltmore, Scottsdale, and Tempe. Both have a combined occupancy rate of 92%. The acquisition offers a unique opportunity to implement a value-add program focused on modernizing finishes and improving common-area amenities. About Township Capital, LLC Township Capital, LLC is a leading co-GP real estate investment firm headquartered in Beverly Hills, CA. Founded by CEO Matthew Gorelik in 2014, the firm has experience investing across all major property types with a specialty in student housing, senior living, multifamily, and industrial. About Epic Investment Services Epic Investment Services, which includes its wholly owned subsidiary MDC Realty Advisors in the United States, is a fully integrated North American real estate platform. Epic's Canadian head office is located in Toronto, Ontario and its U.S. head office is located in Denver, Colorado. Epic's portfolio comprises over 30 million square feet and $17.5 billion in assets under management in office, retail, industrial and multi-family residential properties.

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

HOME AND DESIGN

Pacaso Launches Innovative Luxury Second Home Co-ownership Platform in Santa Barbara, California

Pacaso | November 26, 2021

Pacaso, the leading real estate platform that helps people buy and co-own a luxury second home, announced that it has expanded its service to Santa Barbara, California. The company has begun hiring a regional team and is working with a variety of local businesses to support its operations. "We're thrilled to be expanding our service into Santa Barbara, Known for its beautiful beaches and gorgeous Mediterranean-style homes, along with the backdrop of the Santa Ynez Mountains, Santa Barbara has long been a dream destination for buyers. However, many are left waiting on the sidelines due to escalating prices and a lack of homes for sale. With Pacaso, people looking to purchase a second home here now have a new solution. A small group of families can up-level their buying power through co-ownership of a luxury home. Not only does this make more efficient use of housing stock, but it also redirects second home buyers away from the mid-tier market, freeing up that inventory for local primary homebuyers." - Pacaso CEO and co-founder, Austin Allison. "Working with the Pacaso has been a pleasure, and it's obvious to me that the Pacaso team has a passion for their business, and goes above and beyond for their customers, Pacaso brings something new to the table: they only purchase luxury homes in second home destinations, and because they offer up to eight shares of ownership per home, their model actually helps increase inventory in the area." - Sotheby's International real estate agent Tyler Mearce. Pacaso partners with all interested real estate agents and brokerages in markets where it operates. Real estate agents representing buyers who purchase a share of a Pacaso home receive a 3% referral commission in addition to 500 RSUs of Pacaso stock as a referral equity bonus. Agents in Santa Barbara who are interested in working with Pacaso can learn more on the company's website. Pacaso's first listing in the area is a contemporary four-bedroom situated in the hills of Santa Barbara that features stunning ocean, harbor, and mountain views. About Pacaso Pacaso® (pronounced like "Picasso") modernizes the decades-old practice of co-ownership by creating a marketplace that makes buying, owning, and selling a luxury second home easy. From curating the best listings in top second home markets to offering integrated financing and sales from as little as ⅛ to as much as ½ ownership; upscale interior design; and professional property management, Pacaso provides owners with all the benefits of owning a second home with less hassle. After purchase, Pacaso manages the home on an ongoing basis and supports a frictionless resale process in partnership with a licensed real estate professional.

Read More