We are pleased to share the news that Bellwether Enterprise Real Estate Capital, LLC (BWE) has acquired Phillips Realty Capital -- same people, same approach, now part of something bigger #CRE#CREFinance
https://t.co/h8dciVi5KH
Phillips Realty Capital secured $14,000,000 permanent financing with cash-out and upsizing capacity for a client’s master-leased apartment property located in downtown Boston, MA #commercialrealestate#crefinance#multifamily
Phillips Realty Capital secured $7.5 million in debt financing -- Galloway Group Purchases 53,268 SF Industrial Property in Fairfax, Virginia #CRE https://t.co/flOsTZFMsr
Phillips Realty Capital’s Malcolm Shaw and Bill Wrench secured $7.5 million in debt financing from FVCbank as part of a $11 million capitalization, with funds raised from multiple equity investors, with a major portion of the equity provided by the recently formed Audeo Partners.
Huge D.C. real estate news: The Securities and Exchange Commission plans to relocate its HQ to a new office development at 60 New York Ave. NE. It signed a 1.2M square foot lease for the project with Douglas Development: https://t.co/IVagUuhJT5
"...successful track record of repositioning undervalued real estate combined with Rialto Capital’s market knowledge and relationship-driven approach creates a natural partnership to capitalize on the robust e-commerce and logistics demand in these expanding coastal economies.”
A NJ-based real estate family office hired Phillips Realty Capital to source and underwrite a 1031 exchange. They purchased an apartment community near Savannah, financed in part by a $39,500,000 long-term fixed-rate Freddie Mac loan structured by PRC https://t.co/hjfJCHib2U
Adam Bieber, William Lawson, and Alec Jenkins sourced the investment opportunity and helped negotiate the terms of the equity financing deal #crefinance#creinvesting
Phillips Realty Capital advised a family office client on its reinvestment of $16.18 million capital gains into the development of a new single-family rental community being built in a certified #opportunityzone in #huntsville, AL
#commercialrealestate#singlefamilyrentals
DEAL CLOSED: Phillips Realty Capital arranged $26,000,000 permanent financing from a correspondent life insurance company lender for a repeat client’s 186-unit Class A apartment community located in Elkridge, MD. #CRE#commercialrealestate#crefinance#multifamily
PRC Structures $57.5 Million from Rialto for Highbrook’s Value-Add Acquisition of Florida Industrial Portfolio #CRE#CREfinance#Industrial
https://t.co/Czy4xXb3pU
PRC Structures $57.5 Million from Rialto for Highbrook’s Value-Add Acquisition of Florida Industrial Portfolio #CRE#commercialrealestate#industrial https://t.co/Hy4tocRBOa
Montgomery County is still operating under a land-use plan from 1964, but it now has a new plan that the council is reviewing and aims to pass by year-end.
I dug into the plan, Thrive Montgomery 2050, and what it could mean for future development:
https://t.co/uwxsRl4p1S
Demand for apartments and SFRs is rebounding and rents are rising, potentially driving inflation, reports @nytimes. Instacart plans to start building fulfillment centers for supermarkets, according to @WSJ. #cre#commercialrealestate#mustreads
https://t.co/ClQV7ickBU