REAL ESTATE INVESTMENT

New York Life Real Estate Investors announces the closing of its Structured Debt Fund for Madison Square

prnewswire | October 28, 2020

New York Life Real Estate Investors announces the closing of its Structured Debt Fund for Madison Square
New York Life Real Estate Investors ("REI") today announced the final closing of its Madison Square Structured Debt Fund ("Fund"), a commingled, high yield real estate debt vehicle. With nearly $500 million of committed capital, this closed-end fund will originate bridge loans collateralized by institutional-quality office, multifamily, industrial, retail, and other niche sector assets in primary and secondary markets in the United States. The vehicle will originate roughly $1 billion of senior bridge loans in total. John Lippmann, an industry veteran and head of structured debt at REI, serves as the portfolio manager for the Fund. Mr. Lippman and his team have originated nearly $5 billion of structured loans since 2012 and have established a very strong track record and pipeline.

Spotlight

Timeless elegance and modern luxury mingle together to form one of the areas most coveted apartment living communities -- Avalon Rothbury. Situated in the beautiful neighborhood of Gaithersburg, Avalon Rothbury provides a world of comfort and convenience. Choose from our one-, two- and three-bedroom apartment homes in traditional or loft style, ranging from over 650 square feet to almost 1,500 square feet. Each one boasts a unique menu of interior offerings, including gourmet kitchens with brand new state-of-the-art appliances, spa-inspired baths with deep soaking tubs, full-size washers and dryers, large walk-in closets and available private balconies.

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REAL ESTATE TECHNOLOGY

Staley Point Capital and Bain Capital Real Estate Purchased Orange County Industrial Property for $21 Million

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.

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J.P. Morgan Asset Management Commences First Development in $625 Million JV with American Homes 4 Rent

J.P. Morgan Asset Management | May 14, 2020

J.P. Morgan Asset Management has closed on its first joint venture project with American Homes 4 Rent (NYSE: AMH), a leader in the single-family home rental industry. The project, which officially closed at the end of April, will feature 34 single-family homes in the Sovana and Spring Valley areas of Las Vegas, Nevada, comprising 12 three-bedroom homes and 22 four-bedroom homes. The first home deliveries are expected this June and completion is anticipated by October 2020.

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Fathom Holdings Completes Acquisition of Epic Realty Acquisition

Fathom Holdings, Inc. | July 02, 2021

Fathom Holdings Inc., is a national, technology-driven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings for brokerages and agents. Fathom announced today that it had completed the acquisition of Epic Realty through its wholly-owned subsidiary, Fathom Realty Holdings, LLC. The transaction's terms were not revealed. Epic is a fast-growing regional agency based in Meridian, Idaho, near Boise, that offers full-service residential real estate services to buyers and sellers. Fathom is replacing Epic as the company's name. McCloud and Hodson will oversee Fathom's brokerage activities in Idaho on a daily basis. Fathom Holdings, Inc. Fathom Holdings Inc. is a national, technology-driven real estate services platform that connects residential brokerage, mortgage, title, insurance, and SaaS products to brokerages and agents via the use of its cloud-based software, intelliAgent. Fathom Realty, Dagley Insurance, Encompass Lending, intelliAgent, Real Results, and Verus Title are among the company's brands.

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Spotlight

Timeless elegance and modern luxury mingle together to form one of the areas most coveted apartment living communities -- Avalon Rothbury. Situated in the beautiful neighborhood of Gaithersburg, Avalon Rothbury provides a world of comfort and convenience. Choose from our one-, two- and three-bedroom apartment homes in traditional or loft style, ranging from over 650 square feet to almost 1,500 square feet. Each one boasts a unique menu of interior offerings, including gourmet kitchens with brand new state-of-the-art appliances, spa-inspired baths with deep soaking tubs, full-size washers and dryers, large walk-in closets and available private balconies.