Woodmont

JBG SMITH Announces Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Tuesday, February 21, 2023
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Fannie Mae, GAAP, Acquisition, Trustee, Wren, NOI, Woodmont, Cryptocurrency, Commercial property, Self storage, Credit

Same Store NOI ("SSNOI") at our share increased 7.4% year-over-year to $77.2 million for the three months ended December 31, 2022.

Key Points: 
  • Same Store NOI ("SSNOI") at our share increased 7.4% year-over-year to $77.2 million for the three months ended December 31, 2022.
  • SSNOI at our share increased 12.1% year-over-year to $302.3 million for the year ended December 31, 2022.
  • The operating commercial portfolio was 88.5% leased and 85.1% occupied as of December 31, 2022, compared to 88.3% and 85.9% as of September 30, 2022, at our share.
  • The operating multifamily portfolio was 94.5% leased and 93.6% occupied as of December 31, 2022, compared to 95.5% and 93.7% as of September 30, 2022, at our share.

Woodmont Lodging, Milestone Companies and Blue Vista Capital Management Announce Joint Venture Recapitalization of 388-Room, Full-Service Sheraton Milwaukee Brookfield Hotel

Retrieved on: 
Tuesday, July 7, 2020
Commercial Building & Real Estate, Construction & Property, Finance, Consulting, REIT, Professional services, Lodging, Other Professional Services, Travel, Geography of Pennsylvania, PENNSYLVANIA, Brookfield, Woodmont, Lodging, States of the United States

Woodmont Lodging, a leading hotel company, Blue Vista Capital Management, a leading real estate investment firm, and Milestone Companies, a premier full-service real estate development company specializing in hotel assets, today announced the joint venture recapitalization of the 388-room Sheraton Milwaukee Brookfield Hotel in Wisconsin.

Key Points: 
  • Woodmont Lodging, a leading hotel company, Blue Vista Capital Management, a leading real estate investment firm, and Milestone Companies, a premier full-service real estate development company specializing in hotel assets, today announced the joint venture recapitalization of the 388-room Sheraton Milwaukee Brookfield Hotel in Wisconsin.
  • Woodmont Lodging and Milestone Hospitality will acquire a minority interest in the hotel and provide asset management services.
  • The Sheraton Milwaukee Brookfield Hotel benefits from its prime location in the reinvigorated Brookfield submarket, said Elliott Estes, principal, Woodmont Lodging.
  • The Sheraton Milwaukee Brookfield Hotel project marks the third hotel transaction completed by Woodmont Lodging, Milestone Companies and Blue Vista since 2018.