REAL ESTATE TECHNOLOGY
businesswire | January 13, 2021
Fundamental Income, a Phoenix-based net rent land stage supported by an asset oversaw by Brookfield Asset Management (NYSE: BAM), procured over $215 million of land resources over the most recent four months of 2020. The properties are net rented to inhabitants working across a wide range of enterprises and situated in 16 states. The deal leaseback exchanges were involved both individual properties and multi-unit portfolios.
“We are excited about the successful start to our company and the foundation of excellence our team laid this year,” said Chris Burbach, CEO of Fundamental Income. “Our ability to deploy capital and establish strong business partnerships during this unique environment is a testament to the quality of people we have brought together and the platform we have built with a best-in-class partner in Brookfield.”
Driven by seven venture accomplices with a consolidated 50 years and $15 billion of net rent, capital business sectors and land insight, Fundamental Income puts resources into single-occupant properties net rented to working organizations across the United States. The firm dispatched in April 2020 with an underlying value responsibility of $500 million from an asset oversaw by Brookfield Asset Management (NYSE: BAM), a worldwide resource director with around $575 billion in resources under administration.
Crucial Income explored more than 170 exchanges and $4.6 billion in obtaining openings from its dispatch to the furthest limit of the year. The firm targets deal leaseback exchanges between $5 - $500 million across every one of the 50 states with organizations working in businesses, for example, Retail, Entertainment, Services, Industrials, Manufacturing, Distribution, Healthcare, and Automotive.
“The investments we made in the final months of 2020 demonstrate the transactional expertise and certainty of execution that our firm provides businesses and business owners across the country,” said Alexi Panagiotakopoulos, CIO of Fundamental Income. “We take pride in understanding our clients’ businesses and creating long-term partnerships to support their continued success and growth.”
About Fundamental Income
Led by seven investment partners with over 50 years and $15B of cumulative transaction history, Fundamental Income is a net lease platform focused on investing in single-tenant commercial properties, net leased to businesses operating in a wide variety of industries that directly or indirectly serve the US consumer. Fundamental Income provides real estate capital solutions and sale-leasebacks to businesses and business owners with established and growing operations across the United States.
Separately, Fundamental Income is also the Founder, Sponsor, and Index Provider to the NETLease Corporate Real Estate ETF (NYSE arca: NETL), which seeks to track the performance of the Fundamental Income Net Lease Real Estate Index (NETLXT) calculated by NASDAQ.
Capital Square | January 25, 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 10-story, luxury, mixed-use, Class A multifamily community in Jacksonville, Florida. The community was acquired on behalf of CS1031 Vista Brooklyn Apartments, DST.
Vista Brooklyn Apartments is an excellent acquisition for Capital Square's 1031/DST program, Jacksonville is ranked number one in Florida for multifamily rent growth, with 17.4% year-over-year rent growth during the second quarter of 2021.1 It is hard to imagine a better market for stable income and capital appreciation."
Louis Rogers, founder and chief executive officer of Capital Square.
Located at 200 Riverside Ave., Vista Brooklyn features 308 units and 12,685 square feet of ground-floor retail space. Completed in 2021, the community is situated one mile southwest of downtown Jacksonville on the banks of the St. Johns River and within Jacksonville's historic and fast-growing Brooklyn/Riverside submarket, according to Yardi Matrix.
The community offers one-, two- and three-bedroom units with high-end finishes, including fully equipped GE kitchens with quartz countertops, custom cabinets, subway tile kitchen backsplashes and more.
Amenities at the community include a rooftop beer garden, a rooftop pool deck with a heated saltwater pool and outdoor grills, co-working and meeting spaces with pre-installed televisions for device connectivity, a top-floor clubroom with a gaming area and outdoor access, a secure package delivery room and a coffee bar. Additional amenities include a bicycle storage room, a meditation room with Somadome meditation pods, a fitness center with Technogym equipment, a spin suite and Wellbeats on-demand workout classes, a dog park and pet grooming room, and a courtyard with lounges, grilling stations, a dining area and outdoor games.
CS1031 Vista Brooklyn Apartments, DST seeks to raise $63.7 million in equity from accredited investors and has a minimum investment requirement of $50,000.
Vista Brooklyn is located in one of the premier submarkets within the Jacksonville MSA, Within walking distance to many restaurants and points of interest, and situated one mile from downtown Jacksonville, the community is highly attractive to millennials and residents looking for a walkable lifestyle. In fact, Vista Brooklyn's zip code houses one of the fastest-growing millennial populations in the United States, according to Yardi Matrix."
Whitson Huffman, chief strategy and investment officer.
Since its founding in 2012, Capital Square has acquired 145 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.
REAL ESTATE TECHNOLOGY
prnewswire | December 01, 2020
San Diego-based Tower 16 Capital Partners, in organization with Drake Real Estate Partners, has obtained Sierra Vista Apartments, a 258-unit multifamily venture in Tucson, Ariz. The property was gained from a private vender in an off-market exchange.
Since its establishing in 2017, Tower 16 has taken comparable actions into business sectors all through the west, having gained more than 4,000 units in California, Las Vegas, Phoenix and Denver. The organization looks for business sectors with expanding interest for labor force lodging driven by work development and in-movement however with moderately low degrees of new gracefully. As indicated by organization chiefs, Tower 16 plans to fabricate an arrangement of more than 1,000 units in the Tucson market.
Sierra Vista Apartments is situated at 3535 N. First Avenue in Tucson, Ariz. The property is minutes from the I-10 turnpike and a little ways from Downtown Tucson and the University of Arizona grounds. The people group comprises of one-, two-and three-room condos with a huge clubhouse, exercise center and two pools. Pinnacle 16 will administer near $4 million in overhauls and remodels to the property including modernized unit redesigns, another clubhouse, exercise center and refreshed pool territories. The organization will likewise be adding outside civilities including grills, seating and open air gaming regions.