Commercial property

Unlocking Wealth: Join REEP Equity's Exclusive Virtual Event on Building Lifetime Income with Multifamily Real Estate

Retrieved on: 
Wednesday, March 13, 2024
Growth, SAN, CISP, Secure, Hope, Retirement, Legislation, Frustration, Commercial property

REEP Equity proudly presents the upcoming virtual event, " Build Lifetime Income with Multifamily Real Estate…without being a landlord ," featuring renowned hosts Jacob and Arleen Garza, founders of REEP, along with special guest Steve Csobaji, CISP, Regional Sales Manager at Quest Trust Company .

Key Points: 
  • REEP Equity proudly presents the upcoming virtual event, " Build Lifetime Income with Multifamily Real Estate…without being a landlord ," featuring renowned hosts Jacob and Arleen Garza, founders of REEP, along with special guest Steve Csobaji, CISP, Regional Sales Manager at Quest Trust Company .
  • Creating Passive Income and Generational Wealth: Explore why astute investors opt for multifamily properties to generate passive income and secure generational wealth.
  • Strategies for Predictable Lifetime Income: Learn actionable strategies to generate reliable and consistent lifetime income during retirement.
  • Join us for "How to Build Lifetime Income with Multifamily Real Estate" and take the first step towards securing your financial well-being.

An Affiliate of Oberndorf Real Estate Management and The Bascom Group Acquire Multifamily Community 'Hearthstone at City Center' in Aurora, Colorado, for $74 Million

Retrieved on: 
Wednesday, March 13, 2024
City centre, Rocky Mountains, Environment, MSA, Partnership, Common, Denver International Airport, Acquisition, Quality of life, Senior, Investment, Recreation, Lighting, Scenic viewpoint, Golf, Buckley Space Force Base, LP, Commercial property

DENVER, March 13, 2024 /PRNewswire/ -- An affiliate of Oberndorf Real Estate Management, LP. ("OBREM") formerly known as The Axton Group, and The Bascom Group, LLC ("Bascom"), announced today that they have closed on the acquisition of the 360-unit Hearthstone at City Center ("Hearthstone"), located at 932 South Helena Way in vibrant Aurora, Colorado, for $74 million.

Key Points: 
  • Once the largest multifamily owner in the state of Colorado, Hearthstone is Bascom's 37th acquisition in the state and 10th acquisition in the city of Aurora.
  • Constructed in 1984 as a low-density community comprised of forty-one buildings across 18.25 acres, Hearthstone features ample onsite outdoor space and a diverse mix of one-, two- and three-bedroom floor plans.
  • Residents at Hearthstone can access hundreds of thousands of employment opportunities within a 20-minute commute from the property.
  • Nearby employment hubs include Fitzsimons Medical Campus, Buckley Space Force Base, Denver International Airport, Denver CBD, Denver Tech Center and Cherry Creek.

Aegros Limited proposes to issue debentures in a series of tranches up to an aggregate face value of AUD25 million for subscription by investors

Retrieved on: 
Tuesday, March 12, 2024
Facility, Tax, Equipment, Debtor, NSW, Accounting, Plant, GSA, The Borrowers, Valuation, Business, Tranche, Commercial property

The existing Investors will have 4 weeks to provide credit approvals to the Borrower.

Key Points: 
  • The existing Investors will have 4 weeks to provide credit approvals to the Borrower.
  • If Investors do not provide approvals within this timeframe, the Borrower may approach new Investors to provide the facility
    Availability is subject to the Borrowing Base calculated as follows:
    A = 85% of the non-equipment R&DTOR which has been accrued but not yet received as detailed in the Review Letter.
  • C = Any clawback amount advised by the ATO or taxes otherwise due to the ATO.
  • D = Orderly Liquidation Value of Property, Plant & Equipment per the Valuation Report
    The Borrower may repay the Facility upon giving no less than 2 Business Days' notice.

Neighborhood Ventures Launches Arizona Multifamily Opportunistic Fund to Capitalize on Increasing Number of Distressed Properties

Retrieved on: 
Monday, March 11, 2024
Negotiation, Real estate, Goldman Sachs, REIT, Investment, IRR, Commercial property

PHOENIX, March 11, 2024 /PRNewswire/ -- Neighborhood Ventures, one of the country's largest real estate crowdfunding companies, announced today the launch of its Arizona Multifamily Opportunistic Fund. This special fund will allow accredited investors (and non-accredited investors in Arizona) to invest in Arizona multifamily commercial properties that Neighborhood Ventures estimates are selling at a distressed rate of 30% below intrinsic value.

Key Points: 
  • PHOENIX, March 11, 2024 /PRNewswire/ -- Neighborhood Ventures, one of the country's largest real estate crowdfunding companies, announced today the launch of its Arizona Multifamily Opportunistic Fund.
  • This special fund will allow accredited investors (and non-accredited investors in Arizona) to invest in Arizona multifamily commercial properties that Neighborhood Ventures estimates are selling at a distressed rate of 30% below intrinsic value.
  • The experienced team of real estate professionals at Neighborhood Ventures targets multifamily properties in residential locations that are prime for investment and redevelopment.
  • To learn more about the Arizona Multifamily Opportunistic Fund (or Neighborhood Ventures REIT fund that is open to all investors, both accredited and non-accredited), visit: Neighborhood.ventures.

EQS-News: ENCAVIS successfully signed project refinancing agreements for Spanish solar parks Talayuela & La Cabrera of EUR 203 million

Retrieved on: 
Wednesday, March 13, 2024
CFO, Project finance, Letter, AMRO Bank, ABN, ABN AMRO, MDAX, EUR, Deutsch, Rabobank, Electricity, NatWest, Professional, Commercial property

Hamburg, 7th March 2024 – Hamburg-based wind and solar park operator Encavis AG, listed on the MDAX of Deutsche Börse AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) has signed two non-recourse project refinancing agreements in a total amount of EUR 203 million for its operating solar plants Talayuela and La Cabrera, Spain.

Key Points: 
  • Hamburg, 7th March 2024 – Hamburg-based wind and solar park operator Encavis AG, listed on the MDAX of Deutsche Börse AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) has signed two non-recourse project refinancing agreements in a total amount of EUR 203 million for its operating solar plants Talayuela and La Cabrera, Spain.
  • Both refinancing transactions have been structured, arranged, and managed by ENCAVIS' inhouse Project Finance team.
  • While ABN AMRO, Rabobank and Bankinter are financing partners of ENCAVIS for years, NatWest provides project financing to ENCAVIS for the first time.
  • In total, the refinancing includes EUR 181.5 million Term Loan Facilities (hedged by interest rate swaps), as well as EUR 13 million Letter of Credit Facilities and EUR 8.5 million Debt Service Reserve Facilities.

Form 8.3 - The Vanguard Group, Inc.: UK Commercial Property REIT Limited

Retrieved on: 
Wednesday, March 13, 2024
The Vanguard Group, Commercial property, Disclosure

Form 8.3 - The Vanguard Group, Inc.: UK Commercial Property REIT Limited

Key Points: 
  • Form 8.3 - The Vanguard Group, Inc.: UK Commercial Property REIT Limited
    (a) Full name of discloser:
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient.
  • For a trust, the trustee(s), settlor and beneficiaries must be named.
  • (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
  • If it is a cash offer or possible cash offer, state “N/A”
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

Form 8.3 - The Vanguard Group, Inc.: UK Commercial Property REIT Limited

Retrieved on: 
Wednesday, March 13, 2024
The Vanguard Group, Commercial property, Disclosure

Form 8.3 - The Vanguard Group, Inc.: UK Commercial Property REIT Limited

Key Points: 
  • Form 8.3 - The Vanguard Group, Inc.: UK Commercial Property REIT Limited
    (a) Full name of discloser:
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient.
  • For a trust, the trustee(s), settlor and beneficiaries must be named.
  • (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
  • If it is a cash offer or possible cash offer, state “N/A”
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

Form 8.3 - The Vanguard Group, Inc.: UK Commercial Property REIT Limited

Retrieved on: 
Wednesday, March 13, 2024
The Vanguard Group, Commercial property, Disclosure

Form 8.3 - The Vanguard Group, Inc.: UK Commercial Property REIT Limited

Key Points: 
  • Form 8.3 - The Vanguard Group, Inc.: UK Commercial Property REIT Limited
    (a) Full name of discloser:
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient.
  • For a trust, the trustee(s), settlor and beneficiaries must be named.
  • (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
  • If it is a cash offer or possible cash offer, state “N/A”
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

Form 8.3 - The Vanguard Group, Inc.: UK Commercial Property REIT Limited

Retrieved on: 
Wednesday, March 13, 2024
The Vanguard Group, Commercial property, Disclosure

Form 8.3 - The Vanguard Group, Inc.: UK Commercial Property REIT Limited

Key Points: 
  • Form 8.3 - The Vanguard Group, Inc.: UK Commercial Property REIT Limited
    (a) Full name of discloser:
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient.
  • For a trust, the trustee(s), settlor and beneficiaries must be named.
  • (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
  • If it is a cash offer or possible cash offer, state “N/A”
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

EQS-News: CPI PROPERTY GROUP – Update on Disposals

Retrieved on: 
Wednesday, March 13, 2024
WOOD, LOI, Sale, CPI, Wola, Commercial property

CPI PROPERTY GROUP (“CPIPG” or the “Group”) is pleased to provide our stakeholders with an update on the Group’s disposal programme.

Key Points: 
  • CPI PROPERTY GROUP (“CPIPG” or the “Group”) is pleased to provide our stakeholders with an update on the Group’s disposal programme.
  • Today, CPIPG completed the sale of Metrogate House, a student accommodation property located in South Kensington, London, to a local investor.
  • Last week, CPIPG completed the disposal of Concept Tower, an office building located in Warsaw’s inner Wola district, to WOOD & Company Real Estate Fund.
  • Earlier in February, IMMOFINANZ AG sold the Grand Center Zagreb office property to a local real estate investor in Croatia.