REAL ESTATE INVESTMENT

Armada Venture Partners Acquires Park Hill Industrial Building

Armada Venture Partners | December 30, 2021

Armada_Venture_Partners
Armada Venture Partners, a local boutique commercial real estate investment and development company, announced it has purchased a 46,000 square-foot warehouse in Park Hill.

The vacant Denver warehouse, located at 3939 Kearney Street, will be renovated and leased in 2022.

We are being intentional in acquiring and redeveloping in-fill opportunities across various asset classes to support growing companies and drive economic growth in our city, Park Hill is one of the gems of Denver. It is known for its architectural diversity, relaxed suburb-in-the-city vibe, and the easy access it affords to major thoroughfares, transit and downtown."

Ryan Arnold, principal of Armada.

Evan Makovsky, Byron Johnson and Craig Myles of NAI Shames Makovsky facilitated the transaction on behalf of the seller. The purchase price was $6,320,000.

About Armada Venture Partners
Armada Venture Partners, a creative boutique commercial real estate company founded in Denver in 2021, brings value to properties and investors by integrating acquisitions, capital markets and structured finance, in addition to offering asset management solutions for projects in Colorado and other high growth regions. Armada's principals have acquired, developed and asset managed over $200M in real estate assets since 2014.

Spotlight

Blackbird puts you in the driver’s seat for commercial real estate market analysis, by providing macro- and micro-level virtual market tours layered with real-time data that matters to you. Explore options across the country or within a single block.


Other News
REAL ESTATE TECHNOLOGY

Honely.com Signs Licensing Agreement for Its Property and Area Forecast APIs with Forescite, Inc.

Honely, LLC | March 29, 2022

Honely, a Boca Raton-based prop tech firm that uses proprietary AI/ML techniques to forecast the values of over 100 million properties, is pleased to announce that they have entered into a strategic relationship with Forescite, a leading New York City-based FinTech company revolutionizing the journey to a secure financial future with their AI/ML-powered mobile app, Investall. Forescite will now have the capability to help calculate a user's net worth and equip them with statistics pertinent to the real estate market through a major licensing deal with a big data player in the Prop Tech space. Forescite will be licensing Honely's Property and Metro Level Forecast APIs which will allow them to give a true assessment of their users' financial position. This major partnership will be the first of many to come. We understand how impactful our statistics can be especially on a robust real time wealth management platform such as the Investall APP. The use case of our statistics can vary over a broad spectrum of industries, however the first one the public will be able to interact with is on Forescite's Budgeting and wealth management platform." Maxwell Schwarz, President of Honely FORESCITE EXECUTIVE Bala Shagrithaya, Investall CEO commented, "After an exhaustive search of data from industry leaders such as Zillow, we're thrilled to have found a partner in Honely, that far exceeds the complexity and reliability of data available on any property, which is important when trusting an algorithm that our users can rely on." About Honely Honely is a data and analytics company which uses high-level AI and data science techniques to deliver unique statistics such as home-value forecasts up to 36 months into the future, migration trends, neighborhood growth forecasts, and more. On Honely.com, every insight is delivered in real time and can be downloaded in customizable reports. The site also has interactive features that allow users to make important calculations and estimates, serving as a fully comprehensive tool for RE investors. About Forescite Forescite Inc enables "smarter Investing powered by AI," a New York City-based FinTech company that is revolutionizing the journey to a secure financial future with its AI/ML-powered Investall mobile apps. Like a GPS for finances, Forescite allows retail investors to leverage the predictive data and analytics used by the banks and hedge funds to make more effective investment decisions. The company's investing platform offers users the most powerful risk analysis tool on the market with the technology to manage their money like a pro.

Read More

REAL ESTATE INVESTMENT

Taconic Capital Advisors Closes $500M Distressed and Opportunistic Real Estate Fund

Taconic Capital Advisors | May 23, 2022

Taconic Capital Advisors, a global institutional investment firm, announced that it has closed its third real estate fund, Taconic CRE Dislocation Onshore Fund lll (TCREDF III), with $500 million in capital commitments. The fund comprises investments from a diverse group of existing and new investors with flexibility to tap into an overflow vehicle for more concentrated transactions. One year into its investment period, TCREDF III has already committed or closed on $300 million of investments across 15 distinct transactions. Taconic believes the COVID pandemic accelerated pre-existing trends and distress in the CRE market. A combination of aggressive pre-COVID financing and transaction assumptions, oversupply in specific markets and COVID-related societal and demographic shifts should continue to apply significant pressure on the CRE market providing ample investment opportunities. Taconic anticipates that hotel and office assets will comprise the majority of the fund’s investments. We are pleased to build on the performance of Funds l and ll with the close of our third real estate fund, TCREDF III. Our team has a proven ability to identify inefficiencies and dislocated investment opportunities across a host of market sectors, positioning our funds to maximize value for new and existing investors." James Jordan, principal and portfolio manager of Taconic Capital Advisors’ CRE investments About Taconic Capital Advisors Taconic Capital Advisors is a global institutional investment firm that pursues an event-driven, multi-strategy investment approach designed to generate strong, risk-adjusted returns over multiple market cycles. Taconic was founded in 1999 by former Goldman Sachs partners Frank Brosens and Ken Brody. The company has roughly $8 billion of total assets under management with offices in New York, London, and Hong Kong, and more than 100 employees worldwide. Taconic’s full-service commercial real estate platform invests in all asset classes and across the capital structure in both public and private markets. The strategy’s broad mandate offers flexibility to capitalize on shifting market opportunities, creating uncorrelated risk-adjusted return profiles for investors. Rooted in distressed and opportunistic investing, the team applies high-touch asset management capabilities to drive strong asset-level performance and capital market executions. Well-established relationships drive Taconic’s unique and diverse transaction sourcing channels which including local operating partners, investor partners and a broad network of lenders, CMBS special servicers, trading desks and brokerage houses. Taconic’s series of closed-ended real estate funds are fully discretionary and have received over $1 billion in capital commitments. Investments to date across all Taconic funds total over $3 billion of gross asset value across roughly 165 distinct transactions.

Read More

INVESTMENTS

Lev Lending Launches to Vertically Integrate Commercial Real Estate Financing

Lev | February 09, 2022

Lev has launched Lev Lending, the world's first end-to-end digital lending platform for commercial real estate (CRE), to transform the industry's notoriously complex lending process into a surprisingly beautiful digital experience. Lev Lending is the new direct lending arm of Lev, the CRE financing platform that originated nearly $1 billion in loans via its marketplace in 2021. Lev brings speed and transparency to CRE financing by streamlining the application process with automation and deal management tools for borrowers and brokers, along with powerful financing and closing technologies. Borrowers are automatically matched with the right lender through an intuitive interface. Lev Lending utilizes Lev's proprietary AI tech and deep industry expertise to rewire the entire CRE financing process from quote to close. The platform will initially specialize in permanent, non-recourse loans on single-tenant net lease (NNN) properties. In its soft launch period, Lev Lending closed multiple million-dollar loans on retail properties such as Dollar General and KFC in as little as 30 days–or as much as 3x faster than traditional lenders. Over the last decade, most industries have been simplified by technology. Finally, these changes are coming to CRE lending, We're building a platform that not only makes life easier for current investors to get financing, but also simplifies the experience for the lender. It's a win-win for all industry players." Yaakov Zar, founder and CEO of Lev. Lev's technology infrastructure allows the company to scale its business nationally and support all asset types. By automating manual tasks, it has changed the way originators, executors and brokers provide support to their clients. As a result of this differentiated experience, the company grew 10x in 2021–its second year in business. Our goal is to become the nexus of all CRE transactions. Today's commercial borrowers are demanding fast, digital experiences that mirror consumer processes. They want a Rocket Mortgage for their commercial properties. Whether you're a borrower using our marketplace for the best deal, or you're a natural fit for NNN via Lev Lending, we're here with a fast, beautifully-engineered lending experience." Zar. About Lev Lev is the commercial real estate financing platform offering fast, transparent access to capital from the world's leading financial institutions. Having closed $1 billion in CRE mortgages in 2021, Lev has grown 10x year-over-year thanks to its proprietary approach to CRE financing, including the industry's only API. Founded in 2019, Lev has raised $40 million from StepStone Group, First American Title, NFX, Canaan Partners, JLL Spark, Animo Ventures and Ludlow Ventures, among others.

Read More

REAL ESTATE TECHNOLOGY

Nuveen Real Estate Launches Global Impact Investing Sector Focused on Community Revitalization, Resident Well-Being

Nuveen | May 11, 2022

Nuveen Real Estate announced the launch of a comprehensive global impact investing sector that will focus on building the vitality and sustainability of entire communities by enriching the lives of their residents. Nadir Settles will serve as Global Head of Impact Investing and Pamela West as Senior Portfolio Manager, Impact Investing. Nuveen Real Estate is one of the world's largest real estate investment managers with more than $152 billion of assets under management. Building on Nuveen's proven 50-year track record in impact investing, the new global real estate sector will provide strategies that address some of the most pressing social and environmental challenges in the U.S., Europe, and the Asia-Pacific region (APAC), supporting growth goals of up to $15 billion in real estate AUM by 2026. Specifically, the mandate is designed to improve communities by providing supportive services, enhancing residents' quality of life and financial outcomes, and ensuring affordable, sustainable and climate safe housing, while at the same time supporting Nuveen Real Estate's commitment to making its global property portfolio net zero carbon by 2040. Nuveen is a pioneer in impact investing and we are competitively positioned to deliver a market-leading sector globally and at scale. Under Nadir and Pamela's leadership, I am confident that this new sector will address some of the most pressing challenges in local real estate across the globe, while creating an avenue for investors to have a significant impact through their capital investment. I look forward to working with a seasoned team of experts to build on Nuveen's incredible work in the industry." Chris McGibbon, Global Head of Real Estate at Nuveen Expanding Affordable Housing While Regenerating Communities The new real estate impact sector will invest in early-stage projects and take an impact-led approach to increase the supply of social and affordable housing by targeting low-income and disadvantaged populations, while also focusing on regeneration projects within healthcare, education, and transportation services. "By leveraging Nuveen Real Estate's industry expertise, we are going beyond just affordable housing to focus our attention on community revitalization," said Nadir Settles, Global Head of Impact Investing at Nuveen Real Estate. "We see an immediate opportunity to scale our strategy and leverage our leading position in the industry to support tenant well-being and create a more sustainable future. I am honored to have been chosen to lead such a significant sector." Nadir Settles will report directly to Carly Tripp, Global Chief Investment Officer and Head of Investments at Nuveen Real Estate, and lead an international team across the U.S., Europe and APAC in identifying and pursuing relevant real estate impact investments, while growing the overall sector. Settles will also continue to lead investments as Head of New York Office. Pamela West brings 25 years of industry experience, of which nearly a decade has been dedicated to deploying capital into affordable housing strategies and addressing social and environmental issues. She will continue to oversee the framework's strategy, portfolio construction, and client relationships. West reports to Shawn Lese, Chief Investment Officer and Head of Funds Management, Americas at Nuveen Real Estate. Building on Established Impact Track-Record The real estate global impact investing sector builds on Nuveen's overall efforts in impact. Last month, the firm expanded its range of impact investing strategies to Europe with the launch of the German living impact platform, led by portfolio manager Tanja Volksheimer, to deliver social and environmental impact through affordable housing. The news also comes on the heels of the final close of the firm's first global private equity impact platform, which targets investments that promote energy efficiency and an expansion of services for underserved communities. Nuveen made its first investment in impact in the 1980s and has since invested over $500 million in direct and indirect private equity capital across over 200 portfolio companies in alignment with the United Nations Sustainable Development Goals. Today, Nuveen manages over $5.8 billion across all of its public and private markets impact investing strategies. "We have been very intentional about bridging our core competency in real estate with community impact," said Ms. West. "Our portfolio is dedicated to creating change by placing environmental and social impact at the heart of our investment strategy, which ultimately drives better outcomes for residents and inclusive communities while delivering a healthy financial return." The new impact investing sector will add to Nuveen Real Estate's existing sector specialist expertise, ­­­­ including retail, office, housing, industrial, alternatives and debt. Nuveen Real Estate Nuveen Real Estate is one of the largest investment managers in the world with $152 billion of assets under management as of December 31, 2021. Managing a suite of funds and mandates, across both public and private investments, and spanning both debt and equity across diverse geographies and investment styles, we provide access to every aspect of real estate investing. With over 85 years of real estate investing experience and more than 725 employees located across 30 cities throughout the United States, Europe and Asia Pacific, the platform offers unparalleled geographic reach, which is married with deep sector expertise.

Read More

Spotlight

Blackbird puts you in the driver’s seat for commercial real estate market analysis, by providing macro- and micro-level virtual market tours layered with real-time data that matters to you. Explore options across the country or within a single block.

Resources