Kite Realty Group’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 [email protected] Ben Khakshoor at [email protected] Reouven Elharar Elharar at [email protected] To work with us or for more information, email us at [email protected]. #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

Did you know that colours play a significant role in our lives? Well, yes they do. Allow us enlighten you on the appropriate colours that would best fit different areas of your home. While you decide on which colour to paint your room next, www.proptisgh.com is just a click away, for all your property sales, rentals, and acquisitions. You can also call us on 0501302865/0501302527 for further enquiries. Proptisgh, your premium property solutions without the hassle. #ghana #colours #PropertyManagement #propertyinvestment #propertyinvestor #propertyforsale #propertybrothers #propertydevelopment #realestategoals #realestateagent #realestateinvesting #bestrealtors #bestrealtorintown#proptisgh

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

Start now and join the conversation! With OneKey's acquisition of Mid-Hudson MLS, the largest MLS in New York is now even bigger. What impact do you think this will have on the real estate industry in the region? #RealEstate #OneKeyMLS #MidHudsonMLS

I took the time to compile all available self-storage REIT occupancies: Same Store, Non-Same Store, New Acquisitions & Developed (in-lease up), JVs. The weighted avg SF occ of 9,789 is 87% occupied. That data set is excluding 1,362 stores, predominantly third-party managed deals, where no occupancy data was available. Very interesting to see how the different REITs bifurcate same store data, and the occupancies available. They all have various methods.

Some insights from being active in the market today: (Feedback from a very experienced broker in the FL multifamily market) Call for Offers was this week on an institutional-grade deal, 2010s vintage. They received: 📈 60 tours (the most he and anyone in his firm has ever seen) 🤝 33 offers from qualified buyers 🤫 8 were at or above the guidance / whisper price ✅ Our team was in the mix, but toward the upper end of the middle tier, and were not invited to the B&F round. Some takeaways: 💥 This is a sign that the dry powder that's been on the sidelines is getting more active, possibly even aggressive; transaction volume will continue to increase and we'll see where pricing goes. 📈 We should expect that a flight to high-quality assets will drive up pricing on these. 🏘 Perhaps we'll see the spread between older and newer vintage deals widen. 🔥 ATX Acquisitions submitted three offers this week--2 in FL, 1 in TX. We may not be invited to best & final round on any of them, which is fine--we're being diligent and downside-protected, avoiding deal heat.

U.S. shopping center REIT Kimco Realty has secured a $1.4 billion refinancing deal, indicating strong investor confidence in the sectors resilient rebound. 🏬💰 Coupled with a focus on core grocery-anchored assets and a prudent capital management strategy, Kimco's latest success demonstrates the sustained potential for growth in retail real estate investments. 📈🛍️ Key takeaway: As economies gradually recover from the pandemic, well-located, high-quality properties continue to generate interest and attract healthy financing deals. Stay ahead of the curve by exploring commercial real estate opportunities now. 🔍🌆 #commercialrealestate #retailrealestate #commercialmortgagebroker #REITs #investments #financing-deals

Nashville's East Bank , Black IPO,-NAMC Partners laying a Foundation for MBE's on the East Bank   Metro has finalized the financial details of its East Bank development project with Boston-based The Fallon Co., setting the stage for significant revenue through a 99-year lease agreement. The deal involves Fallon developing 30 acres for mixed-use purposes around a $2.1 billion domed stadium for the Tennessee Titans. Initial rent estimates for residential buildings developed by Fallon are pegged at $560,000 annually, subject to a 2.5% increase each year, based on the development of a 2-acre site valued at $7 million per acre. The ambitious project plans include at least five residential buildings with a total of 1,550 units and up to three hotels, all incorporating retail space. This arrangement predicts Metro's annual income from the apartment buildings alone could start at $2.8 million, with the first revenue expected several years from now. Fallon is also committed to providing 300 affordable housing units within two years of site availability and a minimum of 1,250 units within nine years. https://lnkd.in/gANF9VwQ

RioCan Real Estate Investment Trust completed $157.1 million of acquisitions in the first quarter of 2024, reported Connect CRE. "The acquisition amount includes a $40.9-million deferred density payment, to be paid as various development milestones are met, said RioCan in a news release accompanying the REIT’s quarterly report." "Toronto-based RioCan said it also leased out 1.33 million square feet of space, including 482,000 sf tied to new deals. The leases include several grocery tenancies." "Meanwhile, the REIT re-leased six of 10 locations that were vacated due to two tenants’ business failures in the previous quarter. RioCan did not identify the tenants but they were known to be Bad Boy Furniture and rooms spaces." https://lnkd.in/d_zur26u #canada #retail #leasing #sales