Choyce Peterson Expands into Landlord Representation Services

Cision PR Newswire | March 12, 2020

Choyce Peterson, Inc. (www.choycepeterson.com), a commercial real estate brokerage and consulting firm, announced the expansion of their services which will now include representation of landlords of commercial property. Since 1997, Choyce Peterson has completed hundreds of transactions for office, retail, industrial and medical tenants throughout Westchester and Fairfield counties. Respective of current market conditions, Choyce Peterson Principals John Hannigan and Alan Peterson felt the time was right to launch their landlord representation services. By expanding the brokerage team to seven members, Choyce Peterson now has the breadth of experience and range of knowledge to address the unique challenges that landlord representation can entail. Landlord representation efforts are being led by Vice President Adam Cognetta and Principal John Hannigan.  Also on the team are Vice President Charlene O'Connell and Associate Casey McKnight. The team kicked off its new initiative with two notable assignments. Choyce Peterson was first chosen to represent a 4,508 square foot free-standing building owned by publicly traded Urstadt Biddle Properties.

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The Construction and Real Estate Sector Disclosures document contains a set of disclosures for use by all organizations in the Construction and Real Estate sector. The disclosures cover key aspects of sustainability performance that are meaningful and


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REAL ESTATE INVESTMENT

Triumph Properties Closes on Land Acquisition for 287 Multi-Family Development Deal in North Phoenix AZ

Triumph Properties | April 08, 2022

Triumph Properties announced it has closed an $82.5mm total capitalization of a 287-unit multi-family development project, Aileron, located in the booming North Phoenix submarket. The land parcel of 9.87 acres was purchased from Moderne Capital Partners, who will be Triumph's development partner on the deal. Triumph believes that Aileron's location will benefit from the continued growth of the north Phoenix market including notable job announcements like the Taiwan Semiconductor Manufacturing Company (TSMC), who announced plans to open a 1,129 acre $12 billion factory. Aileron is 1 mile south of the Deer Valley Airport where Cox communications and Honeywell Aerospace have strong employment centers. Other notable nearby employers are Discover, Safeway Corporate and Albertsons. Aileron will feature a mix of studios, one-, and two-bedroom units averaging 842 square fee. Unit finishes will include vinyl plank and carpet flooring, quartz countertops, tile backsplashes, wood cabinets, stainless steel appliances, in unit laundry, air conditioning and more. Amenities will include, pool, spa, clubhouse, fitness center, BBQ area, secured access and package center. "We are excited about this project and our partnership with Moderne. Each of Moderne's Partners brings tremendous experience and value to the table. We believe this will be the first of many projects together", said Steve Feder, Principal at Triumph Properties. We are looking to make more strategic partnerships like we did on Aileron in the Southeast and Southwest as we expand our development pipeline. Suburban, garden-style apartments, surface parked or wrap product are what we are focused on." Blake Brewer, Director of Acquisitions at Triumph Properties AboutTriumph Properties Triumph Properties is a national full service commercial real estate investment, management, and development firm based out of Southern California. Triumph leverages decades of expertise and an innovative approach to maximize value for residents and investors.

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INVESTMENTS

Lument Provides $16.8 Million to Acquire Affordable Housing Tower in Colorado

Lument | February 04, 2022

Lument recently closed a $16.8 million Fannie Mae DUS® loan to acquire Residences at Franklin Park, a 92-unit affordable multifamily community in Denver, Colorado. Timothy Hoppin, director at Lument, led the transaction. Closing this deal was particularly satisfying, as the loan will allow the sponsor to acquire this 92-unit property and preserve much-needed affordable housing in the Denver area, The sponsor was able to secure a new 20-year Housing Assistance Payment (HAP) contract that will help the community maintain safe, comfortable, and affordable housing." Hoppin The sponsor of the loan is Edgemark, a repeat Lument client and well-established presence in Colorado, Texas, and throughout the Midwest. The property will be managed by Selden Property Management, which currently oversees 17,000 units across Iowa, Kansas, Nebraska, Texas, Illinois, Missouri, and Oklahoma. The Residences at Franklin Park was originally constructed in 1972 and renovated in 2011. The property consists of one 10-story building situated on 0.56 acres, and its 92 units include studios, one-bedrooms, and larger one-bedroom units with dens. All apartments include a full appliance package, laminate countertops, vinyl flooring in kitchen areas, and a private patio or balcony. Group amenities include a community room, laundry facility, and surface parking lot. About Lument ORIX Real Estate Capital Holdings, LLC, d/b/a Lument, is a subsidiary of ORIX Corporation USA. Lument is a national leader in commercial real estate finance. As the combined organization of legacy industry experts Hunt Real Estate Capital, Lancaster Pollard, and RED Capital Group, Lument delivers a comprehensive set of capital solutions customized for investors in multifamily, affordable housing, and seniors housing and healthcare real estate. Lument is a Fannie Mae DUS®, Freddie Mac Optigo®, FHA, and USDA lender. In addition, Lument offers a suite of proprietary commercial lending, investment sales, investment banking, and investment management solutions. Securities, investment banking, and advisory services are provided through OREC Securities, LLC, d/b/a Lument Securities, Member FINRA/SIPC. Investment advisory services are provided by OREC Investment Management, LLC, d/b/a Lument Investment Management. OREC Investment Management is registered as an investment adviser with the U.S. Securities and Exchange Commission.

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REAL ESTATE INVESTMENT

Embrey Sells The Harper Luxury Apartments In Franklin, Tennessee

Embrey | April 22, 2022

The Harper Luxury Apartments in Franklin, Tennessee, has been sold by Embrey of San Antonio, Texas. The Harper is part of a mixed-use, planned community being developed by SouthStar and Embrey, which are both known for developing highly desirable living and working experiences. It has been a pleasure to be a part of such a well-planned horizontal mixed-use master plan and partnering with SouthStar. Every good development has a great story. This was a very complex transaction and without the collaboration of SouthStar, Gamble Design Collaborative, Kimley Horn Engineers, and HEDK Architects, The Harper could not have been developed." Brad Knolle, Executive Vice President of Development at Embrey The 328-unit property features luxurious interiors such as nine-foot ceilings, open floor plans, granite countertops, large islands and stainless-steel appliances in the kitchen. Community amenities include a resort-inspired pool with cabanas, an elegant clubhouse with a fireplace and a billiards room, a yoga studio and a fully equipped business center. The Harper is scheduled for substantial completion in July 2022 and the one- and two-bedroom units are now leasing. Embrey Management Services, nationally recognized for providing exemplary residential services, has been selected to manage this property. About Embrey San Antonio-based Embrey is a diversified real estate investment company that owns, develops, builds, acquires, and manages multifamily residential communities and commercial assets in targeted markets across the United States. Since 1974, Embrey has developed nearly 43,000 apartments and more than 6 million square feet of commercial property. Embrey is a leading developer in the multifamily sector with more than 4,000 units under construction.

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INVESTMENTS

RUBICON POINT PARTNERS ACQUIRES HISTORIC "CROWN JEWEL OF OAKLAND" ROTUNDA BUILDING

Rubicon Point Partners | January 25, 2022

Rubicon Point Partners ("Rubicon"), a woman and minority-owned real estate company specializing in transformative investments, announced its recent acquisition of the iconic Rotunda Building in downtown Oakland from Rotunda Partners II, who have owned the building since 1999 and will continue as a minority owner. Featuring some of the Bay Area's best examples of Beaux-Arts architecture, the building also features a four-story parking garage. Rubicon plans to roll out its "Work From Here" program and put in place a sustainability plan to reduce the building's carbon footprint. The "Work From Here" program focuses on creating workspaces that are amenitized in ways not available at home, emphasizing employee health and wellness while enabling employers to better accommodate a hybrid workforce. Rubicon plans to introduce a state-of-the-art fitness facility, upgraded common areas, hybrid digital conferencing and collaboration infrastructure. We are honored and humbled to be the caretakers of the historic and beautiful Rotunda. We look forward to implementing an improvement plan that will honor its history but also modernize it to allow for a new generation of companies to thrive, We are especially excited to work with key stakeholders to activate Frank Ogawa Plaza and integrate it with the building's indoor space. This indoor-outdoor environment is rare in urban settings like downtown Oakland." Ani Vartanian, Rubicon's co-managing partner. Situated at Frank Ogawa Plaza across from City Hall in Downtown Oakland, the property was built in 1912 and originally designed by Bay Area architect Charles Dickey, who fitted a dramatic elliptical glass dome in the interior atrium. At the time, the dome was said to be the largest of its kind. He was also known for developing a diverse architectural style, fusing elements of Hawaiian and Beaux-Arts design. Dickey's most recognizable California creations, the Oakland Rotunda Building and Claremont Hotel, proudly sit on the National Register of Historic Places. In the early 2000s, prior ownership of the Rotunda reinforced its structure with a full seismic retrofit following the 1989 Loma Prieta Earthquake, transforming it into one of the safest historic spaces in Downtown Oakland. We selected Rubicon because of their track record in transforming historic assets and are confident that they will be great custodians of this Oakland jewel." Phil Tagami, one of the managing partners at Rotunda Partners II. Rubicon purchased the eight-story property through the Rubicon First Ascent Fund, seeing an opportunity to simultaneously preserve an Oakland treasure while reducing its environmental impact. The firm has been busily transforming similar historic spaces from California to Washington for the past decade such as 450 Shotwell, the Storek building, 1125 Mission Street and Masin Block. Rubicon plans to continue offering the building to be used as an event space for galas and events that benefit the City and are essential to the success of the people of Oakland. Being good environmental stewards is important to us at Rubicon. In addition to modernizing the Rotunda, we plan to reduce the building's carbon footprint in the process. We hope the Rotunda Building will serve as a blueprint for how historic spaces can remain sustainable for future generations, Our playbook at the Rotunda Building involves investments in the building systems and the deployment of our technology stack, including machine learning utility management systems. All of these serve to increase efficiency while reducing the building's carbon footprint." Razmig Boladian, Rubicon's co-managing partner. About Rubicon Point Partners When workspaces call for out-of-the-box innovations, Rubicon delivers creative, environmentally driven, and socially responsible solutions. Since its inception, the San Francisco-based woman and minority-owned investment firm has transformed over 2 million square feet of space to sustainably house companies of all sizes, making way for future generations of talented leaders, thinkers, and creators.

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The Construction and Real Estate Sector Disclosures document contains a set of disclosures for use by all organizations in the Construction and Real Estate sector. The disclosures cover key aspects of sustainability performance that are meaningful and

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