preREO Launches New Platform for Real Estate Investors to Connect With New Opportunities

preREO | July 01, 2020

preREO is excited to announce the launch of a new platform that connects real estate investors with new opportunities directly from lenders, maximizing the return on investment while improving the local community. A preREO is a delinquent first mortgage secured by a vacant property, typically a single-family home or condo. These vacant properties become a burden on lenders, incurring significant property preservation costs and often leaving local communities with the blight of abandoned and deteriorating homes. "preREO is a solution for lenders who are ill-equipped to maintain these homes from afar," said CEO Jorge Newbery. "We are delighted that, for the first time, community investors can use their local advantage to take control of these properties during the foreclosure process. preREO is a step-by-step program that can help solve the nationwide vacant home problem for lenders, communities and investors."

Spotlight

While no longer driven by a single unifying force, EMs continue to offer long term investors an array of attractive investment opportunities across fixed income, equities, and real assets, especially relative to structurally slow-growing developed markets.

Spotlight

While no longer driven by a single unifying force, EMs continue to offer long term investors an array of attractive investment opportunities across fixed income, equities, and real assets, especially relative to structurally slow-growing developed markets.

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REAL ESTATE INVESTMENT

BGL Real Estate Advisors Completes $160 Million of Financing for the Acquisition and Development of Auburn 18 Business Park

Brown Gibbons Lang & Company | June 16, 2022

Brown Gibbons Lang & Company (BGL) is pleased to announce the financial closing of $160 million for the acquisition and development of Auburn 18 Business Park, a 129-acre industrial site in Auburn, Washington. BGL's Real Estate Advisors team served as financial advisor to Industrial Realty Group (IRG), with Oak Street, a Division of Blue Owl, as the capital partner to IRG. IRG is a nationwide real estate development and investment firm specializing in the acquisition, development, and management of commercial and industrial real estate throughout the United States. IRG, through its affiliated partnerships and limited liability companies, operates a portfolio containing more than 150 properties in 31 states with over 100 million square feet of rentable space. Oak Street is a real estate investment firm focused on investing in net-leased properties. Oak Street seeks to form partnerships with best-in-class organizations and real estate developers by creating structures that facilitate our partners' strategic and financial initiatives. We are excited to form a long-term partnership with IRG, one of the leading industrial developers in the country." Colleen Collins, Managing Director of Oak Street Auburn 18 Business Park is comprised of approximately 129 acres of land located one mile southwest of the Commercial Business District of the City of Auburn. The property is currently improved with over one million square feet of space, including two large office buildings, seven large warehouse buildings, an operations and maintenance building, and several other small support buildings located throughout the property. Originally purchased in 1944 by the United States Army as 435 acres of farmland, the site was improved with 20+ dry storage warehouses for use during World War II. In 1962, the U.S. General Services Administration (GSA) took ownership of a 177-acre portion, with multiple WWII warehouses, three 1950s-era warehouses, an administration office, and a water tower. The remaining U.S. Army property was sold to private developers. During the 1990s, GSA donated land to the City of Auburn for a park and the Auburn City School Bus Depot. An additional 8.4 acres was donated to the City of Auburn for its municipal fire training center. The disposal of the Auburn complex is part of a larger strategy to evaluate underutilized assets and shrink the federal footprint. IRG acquired the Auburn Federal Complex through an online auction process. Renovations to the existing eight warehouse buildings have begun and include fire and life safety upgrades, lighting improvements, and adding additional loading docks, as needed. With excellent frontage on C Street, this perfectly positioned site offers prime visibility and easy access to WA-18, WA-167, and I-5. The site is within two miles of the Auburn Municipal Airport and the BNSF Rail Yard, as well as various key supply chain, logistics, and manufacturing facilities, including UPS, Starbucks, Safeway, Behr, Gist USA, Boeing, Amazon, Costco, DHL, and REI. BGL's Real Estate Advisors Group offers comprehensive real estate investment banking services tailored to the middle market. It provides client-focused solutions with an emphasis on real estate advisory, debt, preferred and private equity placement, financial restructuring, recapitalizations, sale-leasebacks, structured finance, and asset acquisitions and dispositions across all asset classes. The team assists real estate owners and developers looking to form alliances and joint ventures with single-source capital providers to gain local and institutional access for all capital needs. About Blue Owl Capital Inc. Blue Owl is a global alternative asset manager with $102.0 billion of assets under management as of March 31, 2022. Anchored by a strong permanent capital base, the firm deploys private capital across Direct Lending, GP Capital Solutions and Real Estate strategies on behalf of Institutional and Private Wealth clients. Blue Owl's flexible, consultative approach helps position the firm as a partner of choice for businesses seeking capital solutions to support their sustained growth. The firm's management team is comprised of seasoned investment professionals with more than 25 years of experience building alternative investment businesses. Blue Owl employs over 400 people across 10 offices globally. About IRG IRG is a nationwide real estate development and investment firm specializing in the acquisition, development and management of commercial and industrial real estate throughout the United States. IRG, through its affiliated partnerships and limited liability companies, operates a portfolio containing over 150 properties in 31 states with over 100 million square feet of rentable space. 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Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, Inc., an affiliate of Brown Gibbons Lang & Company LLC and a registered broker-dealer and member of FINRA and SIPC.

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REAL ESTATE TECHNOLOGY

JLL acquires leading real estate valuation advisory firm Metropolitan Valuation Services

JLL-IR | July 07, 2022

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REAL ESTATE INVESTMENT

Tempus Realty Partners Acquires 15 property Industrial Portfolio for $39.2M

Tempus Realty | June 18, 2022

Tempus Realty Partners, an Arkansas-based real estate investment partnership, announced the purchase of an industrial portfolio totaling 15 properties across eight states in some of the most competitive markets in the U.S. Total purchase price was $39.2 million. The 458,297-square-foot portfolio includes 15 facilities located in Alabama, Michigan, Arizona, Georgia, Nevada, Ohio, South Carolina and Texas. Each facility in the transaction is fully occupied by W.W. Williams, an industrial distribution repair and service company. We're really excited to have a collection of industrial properties in great locations with the opportunity for our team to add value over time. Additionally, we're pleased to offer our partners this opportunity to invest in a collection of high- quality properties occupied by a well-respected tenant." Dan Andrews, Tempus Realty Partners CEO W.W. Williams, founded in Columbus, Ohio, is one of the largest and most diversified industrial distribution repair and service companies in the United States. The company will remain a long-term tenant across each of the 15 facilities purchased by Tempus. About Tempus Realty Partners Tempus Realty Partners is an Arkansas-based real estate investment partnership focused on acquiring and developing commercial real estate mainly in the South and Midwest. The strategy of Tempus is to create superior risk adjusted returns via unique commercial real estate opportunities by investing with its network of partners in targeted cities. The General Partners of Tempus include Dan Andrews, Kevin Huchingson, Mark Saviers and Isaac Smith.

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