REAL ESTATE TECHNOLOGY
prnewswire | December 29, 2020
UC Asset, an Atlanta-based worldwide land investment firm, reported the organization has invested introductory capital of roughly $1 million into SHOC Holdings LLC, and named Greg Bankston, who right now serves as an overseeing individual from UCASU's overall accomplice, as CEO of SHOC. The organization believes Bankston's twenty-year land foundation and information on the city's history make him the ideal applicant.
SHOC, a completely possessed investee of UCASU, will obtain and create properties under UCASU's Airbnb-based imaginative property investment strategy. The new strategy will focus on home office innovation for voyaging professionals. SHOC aims to profit by another industrial pattern, i.e., the switch of business travelers from customary business lodging to shared convenience by means of platforms such as Airnbnb and Vrbo. UCASU's administration projects a $60 billion market in the coming years for this new pattern.
"It is a revolution happening across the board," shares Larry Wu, founding partner of UC Asset, "Just like conventional taxi businesses are being taken over by shared-ride companies like Uber and Lyft, we believe conventional hotels will be taken over by technology driven shared-accommodation spaces."
Shared convenience properties have pulled in investors in the past year, yet Wu claims there are no institutional investors who specialize in shared convenience properties furnished with home-office facilities, which will be almost exclusively promoted to business travelers.
"Shared accommodations have replaced a fair share of vocational resorts. But conventional hotels who serve business travelers have held their grounds," explains Wu. "Before COVID-19, conventional hotels in central business districts or around airport hubs were still doing extremely well. Occupancy rate of these hotels stayed about 80% even 90% in major metros like Atlanta."
Yet, COVID-19 has assisted a transition in work habits and numerous individuals will forever spend additional time in home office spaces. This pattern, as per the UCASU, will incite travelers to choose home-office style shared-accommodations over customary hotels.
As of late, UCASU held a top-level research firm to lead market survey, and the results seemingly affirmed UCASU's conviction that business travelers will use more shared-accommodations, if those share-accommodations are furnished with home office facilities. UCASU claims that its supervisory crew is "past energized" at this first round of research information.
"While we will retain our other investments, we are very committed to this new investment strategy because of its brilliant prospect," says Wu. "The initial $1 million will allow us to test this new strategy on a practical scale. Meanwhile we will explore all options to expand on this new strategy. Our goal is to form a $10 million portfolio of shared home office properties over the next 12 months."
UCASU, through its other investees, has made successful investments into home renovations. It believes the new strategy, brand-named SHOC (Share-Home Office Community) will add cash pay to benefit from house redesign, and possibly improve the complete ROI to a level astoundingly higher than market normal.
About UC Asset:
UC Asset LP is a limited partnership formed for the purpose of investing in real estate for development and redevelopment, concentrating in metropolitan areas of Atlanta, GA and Dallas, TX. For more information about UC Asset.
HOME AND DESIGN
Breakthrough Properties | March 10, 2022
On March 9th, leading global property developer, Breakthrough Properties, launched StudioLabs by Breakthrough. The new solution is an end-to-end lab and office solution that specializes in hyper growth life sciences in company. Breakthrough Properties is also a joint venture by Tishman Speyer and Bellco Capital. It operates Class A life sciences real estate.
We have conceived, designed, and programmed StudioLabs as a best-in-class life sciences environment where promising companies are able to conduct science on day one. More than providing the highestquality labs and infrastructure, we provide companies with a dedicated on-site team with decades of experience creating and operating labs. Our mission is to handle the most operationally intensive aspects of the lab environment so that companies in our StudioLabs ecosystem have the freedom tofocus solely on growthand discovery."
Susie Harborth,Business Operations ofBreakthrough Properties EVP
Over 28,000 square feet of the inaugural StudioLabs location have already been leased out and will be open this summer. StudioLabs offers fully furnished office suites and private labs ranging from 4,000 to 15,000 square feet of rentable property. It has huddle rooms, wet lab spaces, lab utilities with starter lab equipment packages, and lab support rooms.
StaudioLabs is the latest addition to the global network of flexible workspaces operated by Tishman Speyer brands like Studio, Studio Private, and Studio Gather.
Tishman Speyer Senior Managing DirectorDavid Augarten, also said, "Tishman Speyerlaunched Studio in 2018 to serve as an unparalleled community for visionaries and business pioneers.We are thrilled to partner with Breakthrough in adapting and extending our network to support a new generation of innovators in the life sciences community."
REAL ESTATE INVESTMENT
Capital Square 1031 | January 06, 2022
Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for Section 1031 exchange and other accredited investors, announced today the acquisition of a new Class A, 234-unit luxury multifamily community in Commerce, Georgia a part of Metro Atlanta. The community was acquired on behalf of CS1031 Capstone at Banks Crossing Apartments, DST.
Capstone at Banks Crossing Apartments is Capital Square's fifteenth acquisition of an apartment community in Georgia, creating management efficiencies and economies of scale, Capital Square is bullish on Metro Atlanta because the economy is growing rapidly and creating jobs. The population of the Atlanta metropolitan statistical area increased 15.2% between 2010 and 2020, and Commerce, along with nearby areas, has become an important industrial hub for the growing region."
Louis Rogers, founder and chief executive officer of Capital Square.
Located at 288 E. Ridgeway Road, Capstone at Banks Crossing was recently completed in 2021. Situated in Banks County, on 15.6 acres of land, the community was 97.8% leased as of December 2021.
The community offers one-, two- and three-bedroom units with high-end finishes, including granite kitchen and bathroom countertops, stainless steel appliances and more.
Amenities at the community include a swimming pool with tanning ledge, clubhouse with resident lounges and a kitchen, business center, coffee bar and conference room. Additional features include a fitness center with digital on-demand classes, outdoor grilling stations, package delivery lockers, dog park and pet spa, fire pit and storage units available to rent.
Capstone also benefits from important demand drivers, such as increasing regional employment. Notably, SK Innovation launched construction on the second phase of its $2.6 billion electric battery plant, which will supply about 430,000 electric vehicle batteries per year to Ford and Volkswagen when the factory fully ramps up by the end of 2023.2 SK Innovation forecasts that the plant, located approximately two miles from Capstone, could eventually employ more than 6,000 workers. The operations also plan to bring thousands of other businesses to the area, including suppliers and retail operations, such as restaurants.
Enchem Ltd., a supplier to SK Innovation, announced it would invest $61.4 million to build two new manufacturing plants in nearby Jackson County, creating more than 300 jobs.
Diana Food's $50 million office and food manufacturing and warehouse facility and German laminate and wood flooring underlay manufacturer Selit's $45 million plant are less than one mile from the apartment complex. Additionally, GE Appliances' new distribution center is four miles from Capstone, while Southeast Toyota Distributor's 350,000-square-foot facility is just six miles away.
Meanwhile, Amazon and Walmart have leased more than one million square feet each in nearby Pendergrass, Georgia, while Toyota Industries Compressor Parts America is expanding its manufacturing facility, also in Pendergrass. These companies, and others, have targeted northeast Georgia as ideal for manufacturing and distribution activities.
Capstone is an exceptional addition to the Capital Square portfolio, The property is newly built and caters to higher-end renters in an economically thriving part of Georgia. Expanding employment centers in the region will drive continued population and employment growth, which should lead to even greater demand for quality housing options, such as those provided by Capstone at Banks Crossing Apartments."
Whitson Huffman, chief strategy and investment officer.
CS1031 Capstone at Banks Crossing Apartments, DST seeks to raise $32 million in equity from accredited investors and has a minimum investment requirement of $50,000.
Since its founding in 2012, Capital Square has acquired 146 real estate assets for over 3,800 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code and other investors seeking stable cash flow and capital appreciation.
About Capital Square
Capital Square is a national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges and qualified opportunity zone funds for tax deferral and exclusion. Since 2012, Capital Square has completed more than $4.2 billion in transaction volume. Capital Square's executive team has decades of experience in real estate investments. Its founder, Louis Rogers, has structured hundreds of investment offerings totaling in excess of $5 billion. Capital Square's related entities provide a range of services, including due diligence, acquisition, loan sourcing, property/asset management, and disposition, for a growing number of high net worth investors, private equity firms, family offices and institutional investors. Since 2017, Capital Square has been recognized by Inc. 5000 as one of the fastest growing companies in the nation for five consecutive years. Additionally, in 2021, the company was ranked 101st on the list of Inc. 5000 Washington D.C. Metro's Fastest-Growing Private Companies. In 2017, 2018 and 2020, the company was also ranked on Richmond BizSense's list of fastest growing companies. Capital Square was listed by Virginia Business on their "Best Places to Work in Virginia" report in 2019 and 2021 as well as on their "Fantastic 50" reports in 2019 and 2020.