Commercial property

Landmark Properties Announces Construction Start for Second Build-to-Rent Neighborhood in Spring, Texas

Retrieved on: 
Wednesday, October 5, 2022

ATHENS, Ga., Oct. 5, 2022  /PRNewswire/ -- Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, announces the second groundbreaking from its new "build-to-rent" (BTR) division focused on single-family rental home neighborhoods. Construction is scheduled to begin in October at The Everstead at Windrose in Spring, Texas. The project will be pursued in a partnership with Principal Real Estate Investors.

Key Points: 
  • ATHENS, Ga., Oct. 5, 2022 /PRNewswire/ -- Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, announces the second groundbreaking from its new "build-to-rent" (BTR) division focused on single-family rental home neighborhoods.
  • Construction is scheduled to begin in October at The Everstead at Windrose in Spring, Texas.
  • "Landmark is excited to kick off our partnership with Principal, and we look forward to developing a first-class neighborhood with The Everstead at Windrose," said President and CEO of Landmark Properties, Wes Rogers.
  • Additionally, Landmark benefits from an active development pipeline with 21 student and multifamily projects under construction with an estimated value at $3.7 billion.

Valet Living Announces the Promotion of Erin Kuithe to Regional Vice President of National Key Accounts

Retrieved on: 
Wednesday, October 5, 2022

TAMPA, Fla., Oct. 5, 2022 /PRNewswire/ -- Valet Living, the only nationally recognized full-service amenities provider to the multifamily industry, announced that Erin Kuithe has been promoted to Regional Vice President of National Key Accounts.

Key Points: 
  • TAMPA, Fla., Oct. 5, 2022 /PRNewswire/ -- Valet Living, the only nationally recognized full-service amenities provider to the multifamily industry, announced that Erin Kuithe has been promoted to Regional Vice President of National Key Accounts.
  • Kuithe, who has been with Valet Living for nearly 12 years, had most recently been the National Director of Sales overseeing key accounts, working with institutional owners and operating partners to enhance community values.
  • "All this has allowed Valet Living to keep building amazing offerings for our clients to help them reach their goals.
  • Valet Living has been setting the standard for residential living since 1995 and has been proven to increase property value.

Knock® CRM and Rooof® Announce Strategic Partnership

Retrieved on: 
Wednesday, October 5, 2022

SEATTLE , Oct. 5, 2022 /PRNewswire/ -- Today, Knock® CRM, the leading performance management platform and CRM for multifamily property owners and managers, announced a strategic partnership and patent license with Rooof, the leading provider of software and services for multifamily teams who market apartments on marketplaces, most notably Craigslist. The alliance will empower organizations with the ability to fully automate or fully outsource posting of apartment ads on Craigslist, while benefiting from seamless integration with Knock's CRM platform for lead tracking and reporting. Rooof's flagship software, PostEngine, is the industry's only patented and fully automated ad posting software and service for Craigslist that ensures:

Key Points: 
  • Rooof joins Knock's partner program to offer best-in-class, fully automated solutions to market apartments on Craigslist and seamless integration with Knock.
  • SEATTLE, Oct. 5, 2022 /PRNewswire/ -- Today, Knock CRM, the leading performance management platform and CRM for multifamily property owners and managers, announced a strategic partnership and patent license with Rooof, the leading provider of software and services for multifamily teams who market apartments on marketplaces, most notably Craigslist.
  • "Our partnership with Rooof will provide our clients with a far more automated end-to-end Craigslist posting experience, helping to maximize lead generation outcomes from their Craigslist marketing efforts.
  • To learn more about Knock CRM and its partnership with Rooof, please visit knockcrm.com .

Greystar Expands Capabilities to Include Multifamily Lending

Retrieved on: 
Wednesday, October 5, 2022

Greystar will focus its direct financing services on multifamily properties in urban and suburban markets throughout the US with an emphasis on markets where Greystar already has experience.

Key Points: 
  • Greystar will focus its direct financing services on multifamily properties in urban and suburban markets throughout the US with an emphasis on markets where Greystar already has experience.
  • "Greystar established its credit business in 2018 and has invested nearly $1.5B across the continuum of debt instruments collateralized by multifamily assets," said Wes Fuller, Executive Managing Director and global leader for Greystar's Investment Management business.
  • Greystar is a leading, fully integrated global real estate company offering expertise in property management, investment management, and development services in institutional-quality rental housing, logistics, and life sciences sectors.
  • Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business.

COVE CAPITAL INVESTMENTS, A PRIVATE EQUITY REAL ESTATE SPONSOR SPECIALIZING IN DEBT FREE DSTs AND OTHER REAL ESTATE INVESTMENT OFFERINGS, ANNOUNCES DENNIS YOUNES HAS JOINED THE FIRM AS VICE PRESIDENT OF MULTITENANT ACQUISITIONS

Retrieved on: 
Wednesday, October 5, 2022

LOS ANGELES, Oct. 5, 2022 /PRNewswire/ -- Cove Capital Investments, LLC., a private equity real estate sponsor specializing in debt-free Delaware Statutory Trusts and other investment offerings, today announced it has reinforced its acquisitions team by hiring Dennis Younes as Vice President of multitenant acquisitions for the California-based firm.

Key Points: 
  • As Vice President, Younes will lead Cove Capital's multitenant acquisition efforts by pursuing value-add opportunities nationwide.
  • "Dennis brings an incredible amount of commercial real estate experience to Cove Capital, including negotiating nearly 2,000 lease agreements for retail, medical, office, and industrial users.
  • Cove Capital Investments is a private equity real estate firm providing accredited investors access to 1031 exchange-eligible Delaware Statutory Trust properties as well as other real estate investment offerings.
  • Cove Capital maintains a robust current inventory of DST and private equity real estate offerings potentially available to investors.

SPS Commerce Acquires InterTrade Systems Inc.

Retrieved on: 
Wednesday, October 5, 2022

With the acquisition of InterTrade, SPS Commerce expands its network to thousands of businesses across North America, including marquee retailers and brands in apparel and general merchandise, said Archie Black, CEO of SPS Commerce.

Key Points: 
  • With the acquisition of InterTrade, SPS Commerce expands its network to thousands of businesses across North America, including marquee retailers and brands in apparel and general merchandise, said Archie Black, CEO of SPS Commerce.
  • As part of the SPS Commerce community, InterTrade customers will have access to the industrys broadest trading network, which includes more than 105,000 trading partners in over 80 countries.
  • Under the terms of the purchase agreement, SPS Commerce acquired InterTrade for approximately $49 million in cash.
  • SPS COMMERCE, SPS, SPS logo, 1=INFINITY logo, AS THE NETWORK GROWS, SO DOES YOUR OPPORTUNITY, INFINITE RETAIL POWER, MASTERING THE RETAIL GAME and RSX are marks ofSPS Commerce, Inc.and Registered in theU.S.

Halfords Group PLC: Acquisition of Lodge Tyre

Retrieved on: 
Wednesday, October 5, 2022

Halfords Group plc (Halfords or the Group), the UK's largest provider of Motoring and Cycling products and services, today announces the acquisition of LTC Trading Holdings Limited and its subsidiary Lodge Tyre Company (The) ("Lodge Tyre") (the "Acquisition") (the Company) for total consideration of 37.2 million (the Consideration) with 33.2 million paid on completion and 4 million paid in FY25 subject to performance.

Key Points: 
  • Halfords Group plc (Halfords or the Group), the UK's largest provider of Motoring and Cycling products and services, today announces the acquisition of LTC Trading Holdings Limited and its subsidiary Lodge Tyre Company (The) ("Lodge Tyre") (the "Acquisition") (the Company) for total consideration of 37.2 million (the Consideration) with 33.2 million paid on completion and 4 million paid in FY25 subject to performance.
  • Lodge Tyre is a well-established business in the UK commercial tyre market, providing automotive services to business-to-business ("B2B) customers from 50 garages and 248 mobile vans.
  • Graham Stapleton, Chief Executive Officer of Halfords, commented:
    "The acquisition of Lodge Tyre is yet another example of Halfords strategic aim of becoming a Motoring Services-focused business, and will mean that Motoring accounts for over three quarters of our total revenue.
  • Lodge Tyre is a highly respected business in the tyre and vehicle maintenance market, with a rich heritage dating back to 1935.

Anchor Loans Names Industry Veteran Brad Chmura as Chief Revenue Officer

Retrieved on: 
Tuesday, October 4, 2022

THOUSAND OAKS, Calif., Oct. 4, 2022 /PRNewswire/ -- Anchor Loans, the nation's leading provider of financing to residential real estate investors and entrepreneurs, today announced that Brad Chmura has joined the company as Chief Revenue Officer. In this role, Chmura will be responsible for revenue growth, development of the Anchor Loans brand, companywide sales, loan fulfillment and customer service.

Key Points: 
  • THOUSAND OAKS, Calif., Oct. 4, 2022 /PRNewswire/ -- Anchor Loans, the nation's leading provider of financing to residential real estate investors and entrepreneurs, today announced that Brad Chmura has joined the company as Chief Revenue Officer.
  • In this role, Chmura will be responsible for revenue growth, development of the Anchor Loans brand, companywide sales, loan fulfillment and customer service.
  • "Brad is a highly accomplished, recognized leader in sales and operations, with a proven track record of driving revenue and successful execution," said Andy Pollock, Chief Executive Officer of Anchor Loans.
  • Chmura joins several C-level executives who have joined Anchor Loans in the last year to expand the company's deep bench of talent, including Kevin Llamido, Chief Operating Officer, Matt Miles, Chief Capital Markets Officer, and Andrew Jewett, Chief Strategy Officer.

Summit Bank Adds Long-Time Commercial Banker for Central Oregon Office

Retrieved on: 
Tuesday, October 4, 2022

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20221004005257/en/
    Zak is a phenomenal banker and is well respected in the Central Oregon business community.
  • He attended Central Oregon Community College and later went to the Western School of Commercial Lending and Commercial Lending School to further his banking education.
  • Summit Bank Group Inc., through its wholly owned subsidiary Summit Bank, is a leading independent community bank providing outstanding service to professionals and businesses within various industries including manufacturing, healthcare, public entities, and nonprofits.
  • With offices in Eugene, Central Oregon, and downtown Portland, Summit Bank specializes in high-touch personal banking and local decision making.

Fenix Parts Completes Acquisition of Reno Auto Parts

Retrieved on: 
Tuesday, October 4, 2022

Fenix Parent LLC, operating as Fenix Parts (Fenix Parts), a leading recycler and reseller of original equipment manufacturer automotive parts, announced today it has completed its acquisition of the assets of Reno Auto Parts (Reno) in Hillsboro, Ohio.

Key Points: 
  • Fenix Parent LLC, operating as Fenix Parts (Fenix Parts), a leading recycler and reseller of original equipment manufacturer automotive parts, announced today it has completed its acquisition of the assets of Reno Auto Parts (Reno) in Hillsboro, Ohio.
  • This is Fenix Parts third acquisition in the Midwest and brings Fenixs location count to 21 full-service and 4 self-service locations.
  • Bill Stevens, CEO of Fenix Parts, said, We are pleased to announce the acquisition of Reno and are excited about the addition of its experienced and talented team to the Fenix family.
  • Current auto recycling owners interested in learning more about Fenixs acquisition process should email [email protected]
    Fenix Parts is a leading recycler and reseller of OEM automotive products.