REAL ESTATE INVESTMENT
Fifth Corner | January 07, 2022
Fifth Corner, founded by industry veterans Tenel Tayar, Chad Braun and Kerr Taylor, announces that it, through an affiliate, has acquired Ella Oaks Shopping Center.
Fifth Corner continues to execute the time-tested investment strategy with the acquisition of Ella Oaks Shopping Center. Ella Oaks is a 28,056 square foot shopping center located at the southwest corner of Ella Blvd. and 34th Street in the GOOF (Garden Oaks/Oak Forest) and Greater Heights submarket of Houston Texas. The property is located on 2.46 acres of land, has six different points of vehicular access and enjoys an average household income within a 1-mile radius of $131,000 with 126,000 people in a 3-mile radius.
The property is home to 15 different tenants, including BB's Café, Aladdin, Specialized Bikes, Oak Pointe Pediatric Dentistry, Sunday Press and other essential and experiential tenants that are woven into the fabric of the local community.
Garden Oaks and the Greater Heights is one of the most dynamic submarkets in Houston, When we land in the middle of the 5D's of our investment framework with the wind in the sails of the community, we usually find opportunities better than we expected…and I think Ella Oaks is just that!"
Tenel Tayar, Co-Founder and Managing Partner at Fifth Corner.
Fifth Corner focuses on 'creating value on community focused Irreplaceable CornerTM properties' within the major markets of Texas.
Our Irreplaceable CornerTM investment thesis has been honed over 30-years and proven through multiple economic and real estate cycles, We believe that our locational investment focus combined with our vertically integrated and dedicated operations team of professions will continue to create long term value for investors."
Chad Braun, Co-Founder and Managing Partner at Fifth Corner.
Fifth Corner Property Fund I, LP was fully invested as of April 2021 into eight different real estate projects, and realized its first monetization in May 2021 when it sold Sugarland Plaza, generating a 2X equity multiple and an 18% IRR on that property.
For its current investment vehicle, Fifth Corner has two additional properties under contract in Fifth Corner's target markets with an anticipated closing in early April 2022.
ABOUT FIFTH CORNER
Fifth Corner is a Houston-based real estate company investing in and creating value on community-focused Irreplaceable Corners™ located in the fastest growing metros. The real estate strategy and culture are time-tested and refined over 30 years to create value for the properties, investors, and communities.
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REAL ESTATE INVESTMENT
prnewswire | February 23, 2021
Land Tokenization Asset Platform (RETAP) with blockchain innovation is going to alter the land business.
Crypto Asset Rating, Inc. has opened new entryways for the land business with a stage that will give immense freedoms to showcase financial backers.
They have made a more proficient commercial center for realtors. Specialists, intermediaries, real estate agents, and land owners will actually want to tokenize business or private properties on the RETAP commercial center. It permits financial backers from across the globe to become tied up with the US housing market through lawfully agreeable blockchain-based computerized protections.
"RETAP will accomplish our vision to rethink land possession and to change over illiquid land resources for fluid resources through advanced protections," said Mr. Pramod Attarde, Chief Executive Officer, Crypto Asset Rating, Inc.
Our Real Estate Tokenization Asset Platform
Purchasing and selling land is among the most costly and convoluted. Their obsolete utilization of paper records makes land nearly illiquid.
Tokenization is the portrayal of proprietorship with virtual tokens. These tokens exist on a blockchain adjusted to be consistent with protections guidelines. Tokenization offers favorable circumstances that incorporate liquidity, a worldwide venture pool, diminished expenses, normalized keen agreements, straightforwardness, changelessness, the executives improvement, expanded security, thus significantly more.
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Broe Real Estate Group | June 18, 2020
Broe Real Estate Group (BREG), an affiliate of The Broe Group, announces the launch of its $250M BREG Strategic Investments Program to create expedited capital solutions for liquidity strained commercial real estate properties and ventures that are experiencing distress from COVID-19 related market disruptions. Broe's Strategic Investments Program provides vital rescue capital solutions to stabilize properties and partnerships that find themselves experiencing liquidity issues. BREG's decades of experience with complex transactions enables the consideration of complicated distressed projects that find themselves locked out of traditional capital markets. Among the property types under consideration are existing or under construction industrial, office, medical office, multi-family, hospitality, and retail properties. The program will target opportunities with individual asset transaction sizes ranging in size from $20M to $100M with a minimum equity requirement of $10M. Larger portfolio transactions will also be considered. The initial phase of the program will have a Western United States geographical focus while prioritizing high quality markets, assets, and partners.
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