Andrew Petrozzi’s Post

SALE Learn More: https://lnkd.in/eawa7VHC IMAGE: Albert Fitch, Kevin Bramhall & Steven M. DATE: 08/29/2024 ADDRESS: 5126 West Cypress Street MARKET: Tampa ASSET TYPE: Industrial BUYER: Steven Millstein, Albert Fitch & Kevin Bramhall - The STRO Companies ; KRE Group SELLER: Thomas Clarke SALE PRICE: $2,600,000 SF: 19,000 ~ PPSF: $136 NOTE FROM BUYER: A partnership consisting The STRO Companies (“STRO”) and KRE Group announced their recent off-market acquisition of 5126 West Cypress Street in Tampa, Florida. Located in Tampa’s Airport submarket, 5126 West Cypress Street is approximately 19,000 square feet with 17’ clear ceilings, and 11 load docks. The property is extremely unique and desirable due to its superior loading, proximity to Tampa International Airport and the Tampa Central Business District, and access to I-275, I-4 and other major transportation routes. “5126 West Cypress is a very unique building that we are thrilled to have as part of our portfolio, because of its centralized infill location, considerable loading capabilities and premier access to infrastructure in a core Florida market” said Kevin Bramhall, STRO’s Director of Southeast Acquisitions. “We are appreciative of the Sellers for their speed of execution to complete this transaction.” The off-market transaction was facilitated in-house by Albert Fitch and Kevin Bramhall of The STRO Companies. Jonathan Kushner, President of KRE Group, said "Partnering with STRO in Tampa represents a strategic addition to our portfolio, reinforcing our commitment to well-positioned assets in key logistics markets. The property’s central location and strong transportation links offer significant value for tenants, making it an ideal investment as we continue to expand our presence in Florida and doing so with the Milstein-run STRO Company.” In announcing this transaction, STRO also noted that the building is immediately available for lease and is being marketed by Jessica Mizrahi and Julia Silva of Lee & Associates – Tampa. #Miami #RealEstate #tradedmia #MIA #TradedPartner #Tampa #Industrial #ThomasClarke #StevenMillstein #AlbertFitch #KevinBramhall #TheSTROCompanies #KREGroup

Check out this #CaseStudy about a recent closing! $2,200,000 | 1412 Franklin Avenue & 1359 Webster Avenue, Bronx, NY The properties at 1412 Franklin Avenue & 1359 Webster Avenue, Bronx, NY, sold for $2,200,000. These two walk-up buildings, comprising 29 apartments across 19,688 square feet, underscore the market's recognition of their potential. With a price per square foot of $111.74 and a price per unit of $75,862, the sale demonstrates strong interest in well-located, versatile properties. The impressive cap rate of 8.73% and GRM of 6.4x further highlight the investment potential of these urban multi-functional assets. Facilitating this transaction, Rosewood Realty Group leveraged their profound market insight and extensive network, ensuring a smooth and efficient process. Their adept handling of the deal underscores the growing trend of investing in mixed-use buildings, reflecting the market's acknowledgment of their high value and promising returns. Contact our team: Aaron Jungreis at aaron@rosewoodrg.com Ben Khakshoor at ben@rosewoodrg.com Reouven Elharar Elharar at relharar@rosewoodrg.com To work with us or for more information, email us at info@rosewoodrealtygroup.com. #rosewoodrealtygroup #rosewoodrealty #competitive #advantage #newyork #commercialrealestate #nycCRE #acquisitions #realestate #NYC #NYRealEstate #multifamily #mixeduse #industrial #office #retail #Rosewood #RealEstate #newyorkCRE #CRE #NYCCRE #NYCRE #development #BRONX #BronxNY #closed #deals

******THE STREAK CONTINUES!!****** 1.000 Batting Average; +100 Transactions; +20 Years; Nearly $1.50 BN PMAT Maintains a "1.000 Batting Average" for Closing Acquisitions with 650,000 SF Anchored Select Open-Air Retail Center in Suburban Chicago Orland Park Place is a market-dominant, anchored SOAR (Select Open Air Retail) center in a “bullseye” position of the super-regional destination market of Southwest suburban Chicago, Orland Park. This asset was part of a portfolio that we have been tracking for nearly 10 years, and we are delighted to have performed for a key partner when others could not. We have again maintained our perfect track record of closing every acquisition we have put under contract since inception in 2003—a 1.000 batting average over now TWENTY years AND over 100 transactions through an array of property level and market level challenges as well as real estate cycles. The property benefits from a strong and diverse core tenant base including Dick’s Sporting Goods, Nordstrom Rack, Hobby Lobby, Marshalls, Ross, Ashley Furniture, Barnes & Noble and more! Despite the fundamentally strong position and successful tenant roster, this asset had experienced several event-driven vacancies from corporate bankruptcies as well as vacancy in several existing out parcels, and the potential for new out parcels providing upside opportunity all in combination with a strong in place yield. The seller did a tremendous job driving leasing momentum including executing a 100,000 SF lease for the Chicagoland flagship store for Steinhafels Furniture and generating several LOIs. Our value-add business plan is primarily completing the releasing plan to bring the property back to a stabilized occupancy in conjunction with our reinvestment into the property and site. This transaction took a lot of grit and a partnerial approach with the seller. It has been a major focus for our team for months, but we have also completed several other transactions to share in future posts as we continue our strategic growth and our prudent dispositions. We remain extremely active in the capital markets across our geographic footprint--and beyond--and remain open to additional JVs and direct purchases of anchored value-add or strong-yield middle-market SOAR (Select Open-Air Retail) assets typically in the $10-50 million deal size and currently also focusing on the larger middle-market $50-100M+ deal size and in suburban secondary and tertiary markets. Thank you to the one and only Ben Wineman and Patrick Corrigan for Mid-America Real Estate continued trust in the PMAT team to execute on complex transactions for high-value clients. And as always, we are grateful for the continued performance of the growing team at PMAT REAL ESTATE INVESTMENTS including BOB WHELAN Benedikt Bolz Jack L. Piermarini and MATT WHELAN! Without Bob's foundational leadership and the team’s resilience and dedication, none of this would be possible!

DHG Real Estate Group announces its latest strategic acquisitions in Affoltern am Albis and Glattbrugg, enhancing our diverse portfolio with prime residential and commercial properties. These acquisitions reflect our ongoing commitment to strategic expansion in the Greater Zurich Area's high-potential real estate markets. In Affoltern am Albis, the modernization of three multifamily residential buildings aligns with our vision of blending modernization with sustainable growth. Blagoje Antic, our Founder, CEO, and Chairman, emphasizes, 'This acquisition aligns perfectly with our strategic vision, offering a blend of modernization and sustainable growth.' In Glattbrugg, the acquisition of a key residential property supports our strategy to cater to diverse living preferences and urban connectivity. These initiatives underscore our commitment to building tomorrow's sustainable development, enhancing community integration, and promoting greener commuting options. #realestateinvestment #buildingfuture #sustainabledevelopment

Shopoff is gearing up for another busy year! Thank you Orange County Business Journal for featuring our President and CEO, Bill Shopoff in your latest publication. Learn more about our recent accomplishments, and what is expected for the new year, by clicking the link below: #commercialrealestate #realestateinvestment #acquisitions #ocbj *See important disclosures in bio

Commercial property values in Britain fell by 3.9% in 2023, with offices perhaps unsurprisingly experiencing the biggest decline of 11.5%. Retail capital values also dropped by 4.2%, while industrial property values rose by 1.4%. Against this backdrop, it was interesting to see this article in the Times on Friday regarding the merger of two of the UK’s largest commercial landlords, LondonMetric and LSi, who together own £6.4billion of commercial property. The deal is intended to deliver economies of scale, substantial cost savings, better liquidity and improved terms in both debt and equity markets. As we enter 2024, the expectation among most in the property industry is that more consolidation among listed commercial property owners, especially at the lower end of the market, is likely to occur over the coming months. Analysts believe that the main driver will be the desire of landlords to grow further, but few of them are in a position to raise money. Debt has become much more expensive and, with their share prices trading at steep discounts to their net asset values, asking shareholders for more money is also a non-starter. A merger is the next best option to add scale. But why do landlords want to be bigger? Perhaps most importantly, it is to attract investment from the big funds and institutions who have no appetite to invest in small-cap companies.  There are other reasons too. Being bigger means gaining access to cheaper debt while it also brings cost savings, diversifies the portfolio, boosts liquidity and gives some protection from opportunistic takeover bids. What is particularly interesting is that neither of these two large operators has any legacy exposure to the more challenged parts of the commercial property market, notably offices and shopping centres. We foresee a wave of restructuring amongst the operators, lenders and investors at the lower end of the market where lending to secondary office and retail centres cannot be refinanced, hence forcing those parties requiring an exit to seek enforcement options and disposals. *Statistics- Morning Account 12th January 2024  #commercialproperty #property #landlords #restructuring https://lnkd.in/e_VdUB2a.

Steven Sartin discusses the Commercial property market following an article in The Times last Friday on the merger of two of the UK's largest commercial landlords, London Metric and LSi. He expects values to continue to decline into 2024, more consolidation around commercial property owners and an increase in restructuring around the lower end of the market where lending to secondary office space and retail cannot be refinanced. For advice on contingency and exit planning for property lenders and investors, please reach out to the Moorfields property team Arron Kendall; Steven Sartin Andy Pear and Milan Vuceljic #commercialproperty #property #restructuring

Single-family rental (SFR) operators are actively exploring alternative acquisition strategies due to low resale inventory and high borrowing costs, moving beyond their traditional reliance on one-off resale homes. Our latest Burns Single-Family Rental Survey reveals a significant shift in acquisition methods. ·        In 4Q22, only 7% of SFR rental acquisitions were new homes acquired directly from builders. ·        In 4Q23, this stat rose to 43% of SFR acquisitions were new homes acquired directly from builders. ·        Resale acquisitions fell from 46% to 31% over the same time frame. #JBREC #SFR

JUST BOUGHT • Strategic Development Site Acquisition We’re pleased to announce a strategic off-market acquisition of a development site, purchased for $1,215,000. Led by the expertise of Benjamin GENEST, our team has once again demonstrated our proficiency in identifying and securing prime development opportunities. 🏡 Development Site Details: $1,215,000, 1085sqm 🔹 Key Strategy: Off-Market Purchase This 1085sqm site represents a significant opportunity in the current market, particularly given its acquisition through off-market channels. Our ability to secure such valuable properties off-market is a testament to our deep market knowledge and strong industry connections. The acquisition of this development site is not just a transaction; it’s a strategic move. It showcases our commitment to helping investors and developers capitalize on high-growth opportunities in the Brisbane property market. Our team’s foresight and negotiation skills were key in closing this deal, ensuring our client can move forward with their development plans with confidence. We extend our thanks to Andrew Boman & Michael Bagnal from Ray White Mount Gravatt for their collaboration on the sell side. Their cooperation was instrumental in making this acquisition a success. At Cohen Handler, we specialise in identifying and acquiring development sites that offer significant growth potential. We understand the nuances of the Brisbane real estate market and use this insight to guide our clients towards profitable investments. Jordan Navybox - Buyer's Agent Simon Cohen Cohen Handler 🔑 #DevelopmentSiteSuccess #OffMarketExpertise #CohenHandlerQLD #StrategicPropertyAcquisition #RealEstateDevelopment #BrisbaneInvestment #MarketSavvy #PropertyGrowthOpportunities #RealEstateGoalsAchieved

EQT Exeter Real Estate Income Trust, Inc. announced two strategic acquisitions, 3327 E Harrisburg Pike in Middletown, #Pennsylvania for over $170 million and 1500 Shoals Way in #Portland, Tennessee for $75 million. Both industrial properties were constructed last year and are fully leased by commercial tenants with each property carrying a 10+ year lease. Capitalizing on its fresh start and lack of legacy issues, EQRT continues to pursue strategic acquisitions in line with market dynamics and in key U.S. submarkets seeing long-term growth. The 1,200,000+ square-foot central Pennsylvania property is strategically positioned near the regional hubs of two major American shipping carriers and within a 5-mile radius of Harrisburg International Airport and the Norfolk Southern Rutherford Railyard. Due to this expansive transport and interstate highway network, the property lies in a critical distribution hub that offers easy access to the northeast U.S. population, including major coastal markets from Boston to #Washington, DC. The 638,000+ square-foot Tennessee property is located near multiple highways. Half of the U.S. population lives within 650 miles or a 1-day trucking distance, including Nashville, one of the fastest growing markets in the U.S. Accessibility to both customers and prospective employees, in addition to advanced, onsite manufacturing capabilities, are important factors for industrial properties as some commercial tenants prioritize nearshoring their operations and expanding their local manufacturing footprint. “EQRT is investing in #America’s supply chain and will continue to focus on acquiring industrial real estate that supports the growth ambitions of our commercial tenants, which include major distributors and manufacturers,” said Ali Houshmand, EQRT Portfolio Manager. “We remain committed to our tenant-centric, vertically-integrated strategy. ” EQRT acquired the Pennsylvania and Tennessee properties with proceeds from the sale of $91,200,000 Class E units of its operating partnership to EQT Exeter Holdings US, Inc., an affiliate of EQRT’s sponsor, in addition to proceeds from debt financings. EQRT is externally advised by Exeter Property Group, LLC (“EQT Exeter”), the real estate division of EQT AB, a purpose-driven global investment organization. EQRT focuses on properties that can leverage EQT Exeter’s scale and long-standing direct leasing relationships with Fortune 1000 companies. EQRT will generally seek to invest approximately 80% in properties with business tenants, such as industrial or life science properties, and approximately 20% in #realestate assets with consumer users, such as multifamily or self-storage properties. EQT Group To share your startup story write us on - contact@startuprise.co.uk #EQT #acquisition #news