Sun Belt

TEXAS HOMEBUILDING LEADER PERRY HOMES MOVING CORPORATE HQ TO PREMIER HOUSTON OFFICE SPACE

Retrieved on: 
Wednesday, August 24, 2022
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The companys new home for its nearly 320 corporate office employees will span approximately 80,000 square feet in one of the most highly amenitized and sought-after office campuses in the Houston metro region.

Key Points: 
  • The companys new home for its nearly 320 corporate office employees will span approximately 80,000 square feet in one of the most highly amenitized and sought-after office campuses in the Houston metro region.
  • Founded by Brittons father Bob Perry in 1967, Perry Homes has built more than 55,000 homes in hundreds of communities accross Texas and is currently building in the Dallas-Fort Worth, Austin, Houston and San Antonio markets.
  • In 2020, Perry Homes was named the top woman-owned business in the Greater Houston area, and earlier this year promoted Todd Chachere to CEO.
  • Perry Homes, one of the largest and most trusted builders in Texas, has established a Tradition of Excellence in homebuilding over the past 55 years.

Huron Capital Completes the Sale of Pueblo Mechanical & Controls

Retrieved on: 
Wednesday, August 24, 2022
Banking, Professional Services, Other Construction & Property, Residential Building & Real Estate, Small Business, HVAC, Commercial Building & Real Estate, Other Manufacturing, Construction & Property, Building Systems, REIT, Finance, Manufacturing, Control, CEO, Technology, Trust, HVAC, OMERS, EBITDA, Sun Belt, Ageing, Sale, Ownership, Maintenance, Huron Capital Partners, Health, Education, Investment, Moelis & Company, Company, Private equity, Industry, Financial services, Heating, ventilation, and air conditioning, Renewable energy, Pueblo

Leading middle-market private equity firm, Huron Capital (Huron), announced that it has sold a majority interest in Pueblo Mechanical & Controls (Pueblo), a premier commercial HVAC and plumbing services company, to OMERS Private Equity (OMERS).

Key Points: 
  • Leading middle-market private equity firm, Huron Capital (Huron), announced that it has sold a majority interest in Pueblo Mechanical & Controls (Pueblo), a premier commercial HVAC and plumbing services company, to OMERS Private Equity (OMERS).
  • Scott Hauncher, Partner at Huron said, We acquired Pueblo because we believed demand for HVAC repair and installation services would increase and the sector was ripe for consolidation.
  • The sale of Pueblo is Huron Capitals fourth platform exit in the last twelve months.
  • Moelis & Company served as financial advisor and Perkins Coie LLP served as legal advisor to Huron and Pueblo.

Argyle Real Estate Partners and Sembler Investments Form Partnership to Acquire $1.5B in Multifamily Real Estate

Retrieved on: 
Tuesday, August 23, 2022
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TAMPA, Fla., Aug. 23, 2022 /PRNewswire/ -- Argyle Real Estate Partners and Sembler Investments have partnered together to form a new multifamily focused investment venture.

Key Points: 
  • TAMPA, Fla., Aug. 23, 2022 /PRNewswire/ -- Argyle Real Estate Partners and Sembler Investments have partnered together to form a new multifamily focused investment venture.
  • Argyle Real Estate Partners, led by industry veteran Ryan Reyes, will target core-plus and value add opportunities in major Sunbelt markets.
  • About Argyle Real Estate Partners: Argyle Real Estate Partners is a vertically integrated real estate investment firm headquartered in Tampa, FL.
  • About Sembler Investments: Sembler Investments is a multidisciplinary investment firm with holdings in a variety of industries, including Real Estate, Health Care, Financial Services, Hospitality, and more.

CARROLL Raises More Than $340 Million for Latest Fund Investment Vehicle

Retrieved on: 
Thursday, August 18, 2022
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ATLANTA, Aug. 18, 2022 (GLOBE NEWSWIRE) -- CARROLL , a national real estate investment firm, today announced the final closing for its seventh investment vehicle, Carroll Multifamily Venture VII, L.P.

Key Points: 
  • ATLANTA, Aug. 18, 2022 (GLOBE NEWSWIRE) -- CARROLL , a national real estate investment firm, today announced the final closing for its seventh investment vehicle, Carroll Multifamily Venture VII, L.P.
  • CARROLL's seventh investment vehicle closed at more than double the size of the Firm's prior vehicle, Carroll Multifamily Venture VI, L.P., which closed in 2019 at $125 million.
  • The increased commitment follows a record year in transaction activity for the Firm and represents new investment opportunities.
  • "The launch of our latest fund vehicle demonstrates the growth of CARROLL's footprint in capital markets and the strong investor appetite in the multifamily sector," said Patrick Carroll, Founder and CEO of CARROLL.

Birchstone Residential Hires Melanie Stiles as Vice President of Marketing

Retrieved on: 
Tuesday, August 16, 2022
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COPPELL, Texas, Aug. 16, 2022 /PRNewswire/ -- Birchstone Residential, a culture-based property management company focused on creating great places to live, today announced the addition of Melanie Stiles as vice president of marketing. The hiring marks an integral moment in Birchstone's continued growth and emergence as a premier apartment operator.

Key Points: 
  • COPPELL, Texas, Aug. 16, 2022 /PRNewswire/ -- Birchstone Residential , a culture-based property management company focused on creating great places to live, today announced the addition of Melanie Stiles as vice president of marketing.
  • She most recently served as vice president of marketing at Highmark Residential.
  • "Melanie is truly committed to cutting-edge marketing strategies and brand storytelling," said David Deitz, president of Birchstone Residential.
  • At Highmark Residential, Stiles developed and carried out the company's communication and integrated marketing strategies for more than 90,000 apartment homes across the U.S.

Kimco Realty® Publishes Second Green Bond Report

Retrieved on: 
Monday, August 15, 2022
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Kimco Realty (NYSE: KIM), North Americas largest publicly traded owner and operator of open-air, grocery-anchored shopping centers, including mixed-use assets, today announced the publication of its second Green Bond Report , outlining the use of the net proceeds and the associated estimated environmental impact of the Companys inaugural green bond, issued in July of 2020.

Key Points: 
  • Kimco Realty (NYSE: KIM), North Americas largest publicly traded owner and operator of open-air, grocery-anchored shopping centers, including mixed-use assets, today announced the publication of its second Green Bond Report , outlining the use of the net proceeds and the associated estimated environmental impact of the Companys inaugural green bond, issued in July of 2020.
  • Of the $493.7 million in net proceeds from the green bond issuance, $356.5 million, or over 72 percent, has been allocated to finance Eligible Green Projects, as defined by Kimcos Green Bond Framework.
  • Green bond proceeds were also allocated towards the acquisition of twelve ENERGY STAR Certified tenant spaces.
  • "Our green bond financing allows us to make investments that enhance the sustainability of our portfolio, said Conor Flynn, Chief Executive Officer of Kimco Realty.

RangeWater Real Estate Hires Business Development Director Danielle Koontz for Southwest Region, as Property Management Expands Westward

Retrieved on: 
Thursday, August 11, 2022
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ATLANTA, Aug. 11, 2022 /PRNewswire-PRWeb/ -- RangeWater Real Estate welcomes Danielle Koontz to the team as senior director of business development. In addition to bringing 15 years of operational, marketing and strategic growth experience to the role, she has deep connections in the industry to benefit third-party owners looking for property management.

Key Points: 
  • ATLANTA, Aug. 11, 2022 /PRNewswire-PRWeb/ -- RangeWater Real Estate welcomes Danielle Koontz to the team as senior director of business development.
  • "I'm a natural connector of people," said Koontz, who manages growth for RangeWater's third-party management operations in the Southwest, covering Texas, Arizona, Colorado, Utah and Montana.
  • In a highly competitive commercial real estate market, Koontz said there's a vital need for a firm like RangeWater, offering investors keen focus and attention.
  • Sitting alongside our own development and acquisitions team enables us to better understand investment strategies and execute business plans," Koontz said.

Kite Realty Group Trust Declares Quarterly Common Dividend of $0.22 per Common Share, a 5% Increase Over Previous Quarter and a 22% Year-over-Year Increase

Retrieved on: 
Wednesday, August 10, 2022
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INDIANAPOLIS, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that its Board of Trustees declared a quarterly cash distribution of $0.22 per common share for the quarter ending September 30, 2022.

Key Points: 
  • INDIANAPOLIS, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that its Board of Trustees declared a quarterly cash distribution of $0.22 per common share for the quarter ending September 30, 2022.
  • This distribution will be paid on or about October 14, 2022, to shareholders of record as of October 7, 2022.
  • Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets.
  • The companys primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets.

Kimco Realty® Announces Pricing of $650 Million Aggregate Principal Amount of 4.600% Notes due 2033

Retrieved on: 
Wednesday, August 10, 2022
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Kimco Realty (NYSE: KIM) (Kimco Realty or the Company) today announced the pricing of its public offering of $650 million aggregate principal amount of 4.600% notes due 2033 (the notes) with an effective yield of 4.670%, maturing February 1, 2033.

Key Points: 
  • Kimco Realty (NYSE: KIM) (Kimco Realty or the Company) today announced the pricing of its public offering of $650 million aggregate principal amount of 4.600% notes due 2033 (the notes) with an effective yield of 4.670%, maturing February 1, 2033.
  • Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC and TD Securities (USA) LLC served as senior co-managers for the notes.
  • The offering of the notes is being made pursuant to an effective shelf registration statement, prospectus and related prospectus supplement.
  • Kimco Realty is also committed to leadership in environmental, social and governance (ESG) issues and is a recognized industry leader in these areas.

Ready Life Teams Up with National Apartment Owner-Operator to Rollout Fintech Platform to Help Renters Become Homeowners

Retrieved on: 
Wednesday, August 10, 2022
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TAMPA, Fla. and SALT LAKE CITY, Aug. 10, 2022 /PRNewswire/ --  Ready Life, the new fintech platform disrupting the mortgage lending industry, has announced a partnership with Tampa based American Landmark Apartments, one of the largest multifamily owner-operators in the country, to create a new path to homeownership for underrepresented homebuyers, and help close the wealth gap in the U.S.

Key Points: 
  • American Landmark, which owns hundreds of multifamily communities throughout the U.S., will make the Ready Life platform available to its roughly 34,000 resident-customers.
  • Joe Lubeck, CEO of American Landmark believes the partnership with Ready Life is a definite value-add for their residents.
  • Families that begin their journey with us in an apartment can continue their journey toward homeownership through Ready Life.
  • Ready Life is an innovative fintech platform with a suite of financial tools that empower individuals to create and preserve generational wealth.