REAL ESTATE TECHNOLOGY
businesswire | December 22, 2020
Berkshire Hathaway HomeServices Toronto Realty, a land financier intended for the present market and the group that carried Berkshire Hathaway HomeServices to Canada, is satisfied to report the expansion of Heather Hadden to its authority group. Heather and the Hadden Homes Team have joined Berkshire Hathaway HomeServices Toronto Realty viable Thursday, December 17, 2020, and will source office space to dispatch a Berkshire Hathaway HomeServices Toronto Realty office in a midtown area by Spring of 2021.
“Our goal has been to grow our leadership team with a focus on creating a motivational culture for our realtors,” said Mark Wadden, Co-Founder and CEO of Berkshire Hathaway HomeServices Toronto and West Realty. “Industry experts like Heather excel in every aspect of their business all while maintaining integrity and commitments to their clients. I am very excited to have Heather continue to grow her team under the Berkshire Hathaway HomeServices network and provide support and leadership to our Realtors.”
Heather Hadden has driven a noteworthy direction all through her profession and has withdrawn Chestnut Park Realty in the number two recognize this (year to date). Hadden keeps on driving the city as one of the most elevated netting Realtors in the Greater Toronto Area, with different back to back a long time in the top 0.1% on the Toronto Real Estate Board positioning of Realtors.
“I have worked with a few different top-level brokerages across Toronto during my career but never have I seen a brokerage as innovative and supportive as that of Berkshire Hathaway HomeServices Toronto Realty,” said Heather Hadden. “The leadership’s vision and execution of what a brokerage should be are impressive, to say the least, and I have never seen such a commitment to continuous improvement. I know this is where my team will call home moving forward and throughout our career.”
“Heather is one of the most decorated and respected agents in Toronto amongst her colleagues, with years of being a top performer,” said David Binns, Partner and VP of Professional Development. "The entire team at Berkshire Hathaway HomeServices Toronto Realty is elated to have Heather in the network and cannot wait to see what she does for the brokerage in 2021.”
“Both Mark and Blair have created an exciting and innovative formula to rapidly expand across the Ontario region," said Michael Jalbert, EVP of Global Business Development, Berkshire Hathaway HomeServices. “Their plan creates unique opportunities for top realtors to be part of something bigger in their career. They have already built one of the most respected leadership teams in the industry and I am sure this is just the start.”
Chris Stuart, CEO of Berkshire Hathaway HomeServices, applauded the addition. “This is a great move for both Berkshire Hathaway HomeServices Toronto Realty and Heather,” he said. “Heather is a skilled and experienced leader who is also a terrific mentor – guiding and inspiring real estate professionals. As important, her team is talented, dedicated and ready to serve the region.”
About Berkshire Hathaway HomeServices Toronto Realty
Founded in 2015, Berkshire Hathaway HomeServices Toronto Realty provides the most innovative and valuable services in the industry both for their clients as well as their Realtors. With a rapidly expanding team and the addition of Berkshire Hathaway HomeServices West Realty, the company has more than 120 real estate professionals and has earned a reputation for leveraging cutting-edge technology and modern marketing to provide the most valuable customer experience in real estate. Currently, the company services the Greater Toronto Area and has growth plans spanning most of Southern Ontario.
REAL ESTATE TECHNOLOGY
businesswire | December 04, 2020
KKR, a main worldwide speculation firm, today declared the securing of two mechanical appropriation properties in Texas adding up to around 1.8 million square feet at a total buy cost of roughly $171 million.
The recently obtained properties are situated in the significant business sectors of Dallas and Houston. Both are best in class satisfaction focuses with a normal vintage 2019. The properties were 100% rented at securing to two distinctive speculation grade occupants on a drawn out premise. The properties were obtained from Hines, the worldwide land firm, which built up the resources.
The two properties are the most recent mechanical resources procured by KKR's center in addition to land system, developing its all out modern land portfolio to around 7.2 million square feet. Over its assets, KKR claims more than 20 million square feet of mechanical property in key areas across significant metropolitan regions in the U.S.
“As more consumers migrate to shopping online and expect a seamless delivery experience, the demand for modern logistics real estate in major markets continues to grow,” said Roger Morales, KKR Partner and Head of Commercial Real Estate Acquisitions in the Americas. “We are excited to help meet that demand by increasing our footprint in the Dallas and Houston markets with the addition of these two high-quality, stable assets.”
Since dispatching a devoted land stage in 2011, KKR has developed land AUM to roughly $14 billion over the U.S., Europe and Asia as of September 30, 2020. The worldwide land group comprises of more than 90 committed venture experts, traversing both the value and credit organizations.
REAL ESTATE INVESTMENT
JLL Income Property Trust | December 08, 2021
JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with $5.5 billion in portfolio assets, today announced the acquisition of Friendship Distribution Center, a newly constructed, four-building industrial portfolio totaling nearly 650,000 square feet. The Class A properties are located in the Atlanta suburb of Buford, Georgia, home to the premier Northeast Atlanta industrial submarket. The purchase price was $95 million.
"Friendship Distribution Center's location in Atlanta's Northeast submarket, high quality new construction and proximity to irreplaceable transportation infrastructure makes this an excellent portfolio fit for us as we continue to execute on our strategy of increasing our allocation to core industrial assets,". "Given this property's strong tenant profile and exceptional location, this acquisition aligns well with our overall strategic objectives."
-Allan Swaringen, JLL Income Property Trust President and CEO
JLL Income Property Trust's aggregate industrial allocation is now over $1.6 billion of industrial holdings in 54 properties across 13 key markets, representing the second largest property type allocation in the portfolio.
Friendship Distribution Center is in an "A" location, with immediate proximity to Interstate 985, the major highway in the Northeast Atlanta submarket. Its strategic location provides access to the entire Eastern seaboard within a one to two-day drive.
Friendship Distribution Center is 96 percent leased to five tenants, with a weighted average lease term of approximately six years. According to LaSalle Research & Strategy, Atlanta is the fourth largest industrial market in the U.S. with more than 660 million square feet of space. The market set an absorption record in the second quarter of 2021 of 8.6 million square feet, bringing vacancy down to just 5 percent. The Northeast submarket specifically saw 2.1 million square feet of net absorption in the second quarter, the highest of any submarket in the Atlanta metro area, accounting for 24 percent of total absorption.
JLL Income Property Trust is an institutionally managed, daily NAV REIT that brings to investors a growing portfolio of commercial real estate investments selected by an institutional investment management team and sponsored by one of the world's leading real estate services firms.
About Jones Lang LaSalle Income Property Trust, Inc. (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX),
Jones Lang LaSalle Income Property Trust, Inc. is a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing apartment, industrial, office and grocery-anchored retail properties located in the United States. JLL Income Property Trust expects to further diversify its real estate portfolio over time, including on a global basis.
About LaSalle Investment Management
LaSalle Investment Management is one of the world's leading real estate investment managers. On a global basis, LaSalle manages approximately $76 billion of assets in private and public real estate property and debt investments as of Q3 2021. LaSalle's diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments.