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Project highlight from our Gro Real Estate Fund I: The Fargo Townhome Portfolio Representing 40% of Fund I assets, this portfolio boasts 91 diverse units in South and West Fargo. Acquired off-market at a favorable 10% below market value, these units were initially undercapitalized, with rents averaging 50% below market rates. Our strategic approach emphasizes: 1. Enhancing tenant living conditions to ensure retention. 2. Raising the portfolio's Net Operating Income (NOI) by aligning rents with the prevailing market. With a track record in value-add strategies, our team has renovated 23 units since February. This effort amplified the Gross Potential Rents (GPR) by an impressive 30%, substantially boosting the NOI. Even amid renovations, occupancy remains robust at 96%. This project is 64% Complete with 59 of our 91 units renovated or re-rented to existing tenants at market rates. The Fargo Townhome initiative embodies Gro Investment Group's ethos: 1. Targeting off-market, value-driven acquisitions. 2. Harnessing our team's expertise to elevate properties and communities. 3. Offering superior investment prospects to our community. For those interested in capitalizing on well-strategized real estate opportunities, Gro Investment Group remains a trusted partner.

Investec Real Estate (“Investec”) announces that it has provided Hines’ European Value Fund 2 (HEVF2) with financing to complete the acquisition of four multi-let industrial estates in the West Midlands. Acquired from LondonMetric Property, the portfolio comprises 47 units, which are a mix of light industrial, trade and mid-box warehouses, totalling 434,000 sq ft. Three of the estates are near Birmingham City Centre, while the fourth is in Rugby. Recent Savills research has highlighted a resurgence in occupier interest in West Midlands logistics space. Prime rents remain robust, and this is expected to continue while there is less than a year’s worth of Grade A supply. https://lnkd.in/eQ6UUW2Z

The Worst is Coming For Multifamily Investors (Video) https://lnkd.in/dDaYJui #CRE #REIT #apartments #multifamily #capitalcall #investor #investment #capitalmarkets

45% returns for my Investor on their first property 🤑 It was great to meet up with one of our Investor’s this afternoon who has been working with me me to secure their first property investment! This particular investor had a fair amount of cash saved up and was keen to find an investment opportunity that generated high amounts of cash flow in the North-West📍 The property we secured is a 2 bedroom terraced property located located in St Helens which we will be converting into a 5 bedroom HMO over the coming months, which we will then pass to Social Housing. We have a full project management and build team in place to make this a completely hands off investment for our Investor 🤝 Purchase Price: 90k Refurb: 25k GDV: 125k Net Rental: £1085 PCM ROCE: 45% Very excited to get this project underway and document the journey! Don’t get me wrong this area of work is very challenging, however even more rewarding when you deliver for your clients. What are you thoughts? As always, you can use the link in my bio to book on a call to discuss anything property. It’s time to take action 🚀 #propertyinvestment #hmo #propertyinvestor

When you add in 2 to 1 leverage that's a lot of MF and Ind. assets to purchase. These types of funds create a bid floor for bank or pension fund assets.

Vinhomes CEO: Will Develop ‘Super Mega Projects’ in the Next 5 Years ** On the morning of April 24, Vinhomes Joint Stock Company held its annual General Meeting of Shareholders in 2024. At the meeting, a shareholder raised a question about Vinhomes’ use of funds, asking why the company made a large profit but did not pay dividends and whether Vinhomes was “supporting” another company in the Vingroup ecosystem, namely VinFast. Responding to this shareholder’s question, General Director Nguyen Thu Hang stated that the shareholder could refer to the financial statements and would see that the balance of related party loans was very small, only about VND 1,200 billion. “We affirm that VinFast has channels to raise capital on its own as a company, and we do not provide funding to other companies in the group,” said Ms. Hang. Regarding the cash flow when Vinhomes lends to related parties, it is mainly related to treasury operations, with the purpose of optimization and has a very short term, up to 12 months. Regarding the retention of profits without paying dividends, Ms. Hang said that in fact, in 2020 and 2021, Vinhomes had paid dividends to shareholders. However, the market situation was not good, and Vinhomes in 2022 and 2023 proposed to retain profits for two purposes. “Firstly, to prepare a contingency plan, to proactively respond in case the situation from the market, capital sources, international and domestic bonds does not recover as quickly as expected. Secondly, to prepare for a new growth cycle of real estate as well as many other tasks, Vinhomes needs medium- and long-term capital so that the company can be flexible and seize opportunities, thereby breaking through and maintaining its leading position in the market,” said Ms. Hang. Also related to the medium- and long-term plan, CEO Vinhomes said that in the next 5 years, Vinhomes will continue to aim for the leading position in the market as the largest real estate developer in Vietnam. “In the next 5 years, we will develop ‘super projects’. To prepare for that, we are both designing, researching the market and preparing medium- and long-term capital sources,” said the female leader. According to Ms. Hang, the legal issues, project locations, and land fund of Vinhomes are always ensured so that the company can develop stably and sustainably. In addition, the design team and the market research team are constantly researching to supplement the most suitable utilities for each resident community such as the Korean, Japanese communities… in order to enhance the living value and also raise the project’s value. ** The post Vinhomes CEO: Will Develop ‘Super Mega Projects’ in the Next 5 Years appeared first on xe.today.

Blackstone recently sold its stake in a premium Sentosa Cove apartment complex to BlackRock, characterized by analysts as a stressed financial rights transaction. Back in 2014, Blackstone invested S$367 million (US$276 million) in a profit participation scheme tied to Sentosa’s Quayside Collection mixed-use development, retaining cashflow rights from the residential segment for almost a decade, despite a 41% decline in unit prices since their peak. Analysts estimate Blackstone bought its stake in The Residences at W Sentosa at S$2,400 per square foot, but current prices are at S$1,747 per square foot, limiting financing options. BlackRock reportedly paid S$1,200 to S$1,300 per square foot to acquire Blackstone’s rights in the profit participation scheme, closing the deal in October. Blackstone funds usually run for eight years, extendable by two, and the City Developments Limited scheme fundraising closed in 2012. #PrivateEquity #RealEstate #Singapore I Mingtiandi - Asia real estate intelligence I  Michael Cole I Bea Laforga 

Successful Funding Announcement: $19 Million RV Park Portfolio   We are pleased to announce the recent funding of a $19 million two RV Park Portfolio, comprising of an Acquisition and Construction Take-Out loan. This deal represents a significant achievement in providing 100% LTC financing under the current challenging financial conditions. At Bellevue Capital Group, our focus on meticulous structuring and strategic alignment has been pivotal in meeting the specific requirements of both the lender and our client. This accomplishment underscores our expertise in navigating complex commercial real estate financing landscapes. For those in need of specialized, creative financing solutions for commercial real estate ventures, Bellevue Capital Group stands ready to assist. Our team's proficiency in securing optimal financing options continues to facilitate the growth and diversification of our clients' portfolios. Contact for Inquiries: Dan Spurr - Bellevue Capital Group Email: [email protected] Phone: 360-672-4145 We extend our gratitude to all parties involved for their dedication and collaborative efforts in this venture. #CommercialRealEstate #RealEstateFinance #CRE #RetailProperty #SeattleRealEstate #LoanFunding #RealEstateInvestment #CREFinance #FinancialSuccess #CRELoans #CapitalMarket #PropertyFinance #LoanApproval #LTV #InterestRates #BellevueCapitalGroup #CreativeFinancing #RealEstateTransactions #SuccessStory

Dornin Investment Group (“DIG”) is thrilled to announce its latest strategic acquisition of two multi-tenant light industrial buildings in the thriving industrial market of Reno (Sparks), Nevada. The properties, comprising 42,727 SF, are located at 385-395 Freeport Boulevard, Sparks, NV 89431. The Project presents a rare opportunity to acquire a true off-market value-add light industrial asset in the supply constrained, dynamic Sparks submarket. DIG intends to take advantage of the high drive-around visibility at the corner property and apply mostly cosmetic updates to position the asset for the next 20 years. Renovating existing infrastructure and refreshing the exterior is projected to give additional tailwinds to the tight market fundamentals including 6.3% annual submarket rent growth over the last 10 years and an existing 3% vacancy for unit size. Michael Keating, SIOR of LOGIC Commercial Real Estate, who represented the seller said, “I appreciate working with the Dornin Investment Group on the successful close of transaction. Freeport was an off market opportunity presented to the buyers, and a great example of collaboration. I’d like to thank DIG for working with us on this and looking forward to future transactions." The 33-unit and 33 ground loading roll-up door project is effectively 100% leased to 27 tenants at rents that are on average 40% below market. All leases will roll within three years. The largest tenant comprises 11% of the net rentable area and has been there for more than 10 years. Clear heights are 14’ and office exposure is estimated at 5% for 385 and 10% for 395. The acquisition represents another addition to DIG's growing industrial portfolio and exemplifies the company's commitment to investing in prime real estate opportunities across the Southwest. DIG is on track to complete its goal of acquiring $300M of light industrial assets over a 24 month period. This acquisition represents DIG’s third light industrial investment this year with JV Partner, Sundance Bay. DIG is pursuing several other off-market and listed opportunities and has a robust pipeline heading into 2024. Philip R Smith, Director of Acquisitions, remarked, “We are excited about the opportunity to enter greater Reno’s industrial market. The market is shaped by solid fundamentals and could benefit from the institutional value-add experience we bring to the table.” Lance Frame headed up the acquisition team with Sundance Bay. John Marshall at JLL arranged the joint venture equity partnership. Bill Simpson arranged attractive debt financing with East West Bank. Mark Nicoletti, Maxwell Shapiro, and Julia Lewitt of Allen Matkins provided legal expertise. Devon Victoria at Chicago Title Insurance Company - National Commercial Services | Chicago provided title and escrow services. www.dorningroup.com www.sundancebay.com DIG Acquisitions Team: Chris Dornin Philip R Smith Tyson Bryan #DIG #CRE #realestate #industrial #nevada #sparks #reno #sold