Property acquisition can be daunting. After closing last month for the Larchmont property, one of ROM's only commercial properties, it took us much longer than anticipated to get the building running smoothly. The tenants were distrustful after repeated sour experiences with the prior owner. More than half the keys didn't work. Temporary permits expired. No instructions on the security system were given. Existing building vendors were tough to track down. The building clearly ran on unwritten institutional knowledge. Persistence and simple people skills got us through these issues. We took the challenges as an opportunity to document every step and occurrence after the acquisition's close. A working internal guide for future acquisitions will help our team better understand the scope of work and anticipate roadblocks, increasing stakeholder value and keeping spirits high.
Dietrick Jager’s Post
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We are thrilled to announce a major milestone transaction in Whiteland, Indiana! JDM Partners successfully represented the buyer in the all-cash purchase of a prime 50-acre land site located at 200 West Street. 📍 Property Highlights: Size: 50 acres Location: 200 West Street, Whiteland, IN Transaction Type: All cash Closing Timeframe: 90 days 🔑 Deal Insights: This strategic acquisition marks a significant development opportunity in the rapidly growing area of Whiteland. The 50-acre site offers vast potential for a variety of uses, aligning perfectly with our client’s vision for expansion and growth. Our Role: As representatives of the buyer, our team at JDM Partners facilitated this seamless transaction, ensuring a swift and efficient closing process. Our expertise and dedication to our clients’ needs were pivotal in navigating the complexities of this substantial real estate deal. Stay tuned for more updates as we continue to facilitate impactful real estate transactions that drive growth and opportunity. #RealEstateInvestment #LandAcquisition #WhitelandIndiana #AllCashDeal #JDMpartners #CommercialRealEstate #EconomicDevelopment
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Fund II is growing!
Bespoke Holdings Company is excited to announce the successful acquisition of 812 Baseline Place in Brighton, CO, its fourth acquisition within Bespoke Industrial Income Plus Fund II, LP. This Shallow Bay asset consists of a single building with five units that total 15,506 square feet with under an acre of outdoor storage. Our business plan on the asset includes a light capital improvements program and identifying long-term tenants for the current vacancies. “A big thanks to Jake Cook and Tom Myers with Ringsby Realty Corporation for bringing this property to our team and working with us throughout the process. This is our second acquisition with Jake and Tom, and we look forward to many more!” - Blair Eklund, CEO Bespoke Holdings Company #industrialrealestate #northerncolorado #brighton #colorado
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🚀 Unlock the Potential of Your Existing Property! 🚀 Why take on the expense of new acquisitions when you could be maximizing the land you already own? We just completed a project in Long Beach, converting garage parking into 2 modern ADUs—allowing the owner to earn top rents without needing to buy more real estate. Adding units to an existing property is a smart, cost-effective way to expand your portfolio and increase rental income. In today’s high-priced market, this approach provides incredible value for any real estate owner looking to grow. If you’re ready to explore how much more your property can do for you, let’s connect! #ADU #RealEstateGrowth #LongBeach #LAProperty #MaximizeYourSpace #RolenConstruction
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𝐅𝐫𝐨𝐦 $𝟑𝟔𝐌 𝐭𝐨 $𝟕𝟎𝐌: 𝐂𝐨𝐩𝐩𝐞𝐫 𝐑𝐢𝐝𝐠𝐞 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐑𝐞𝐧𝐭𝐨𝐧’𝐬 𝐆𝐫𝐨𝐰𝐭𝐡! Copper Ridge, a 325-unit apartment community in Renton’s city center, has been acquired for $70.7 million(~$218K/unit). The property was previously purchased in 2014 for $36.5 million, underscoring the growth and demand in this thriving market. 𝐖𝐡𝐲 𝐑𝐞𝐧𝐭𝐨𝐧? 🌟 Strong economic fundamentals & future growth potential 📍 Prime location near major employment hubs: Seattle, Bellevue, and South King County 🛍️ Premier retail destinations: Southcenter Mall & The Landing 🏈 Growing sports appeal: Seattle Seahawks HQ and Seattle Sounders FC facility This acquisition highlights Renton’s continued emergence as a key hub for housing and employment opportunities. https://lnkd.in/gg8-PRFv #pnwrealestate #pnwmultifamily #pacificnorthwestrealestate
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Sale-leaseback of a 44,232 s/f manufacturing/warehouse/distribution building for $5 million. Dover, NH Real Estate firm negotiated the recent sale-leaseback of 111 Venture Dr., a 44,232 s/f manufacturing/warehouse/distribution building on 8.03 acres in Enterprise Park, for $5 million. In a strategic financial move, ForwardMerch divested the property while securing a leaseback arrangement for a duration of seven years on a triple-net basis. Despite prevailing high interest rates, the investment opportunity garnered significant attention from multiple prospective buyers, underscored by the presence of a local tenant. This acquisition marks Redstone’s second venture in New Hampshire. https://lnkd.in/eNBPn9gW #soldporperty #propertyinvestment #milliondollarlisting #warehouse #manufacturing #distribution #industrialbuildings #industrialrealestate #realestatedeals #industrialrealestateupdates
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New article from Allen Buchanan discusses the increasing interest in subleases as a potential solution for the current tight inventory of industrial spaces in the commercial real estate market. Companies are turning to subleasing as a way to address their need for additional space while avoiding the costs and disruptions associated with relocation. The article highlights different scenarios where subleasing has been a viable option, such as companies seeking to consolidate operations, businesses undergoing acquisitions, and organizations facing challenges in finding affordable purchase options. #commercialrealestate #realestate #realestateindustry #househunting #commericalproperty #commericalconstruction Kash Knutson, Linda Hill, Justin Martin, John Carpenter, Sir Darren Jacklin (ROC)
Can subleases save the commercial real estate market?
https://www.ocregister.com
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Avanti Residential, a nationwide multifamily investor and operator, has announced the acquisition of The Avery, a recently opened 200-unit community in Orlando. Denver-based Avanti announced the new acquisition in conjunction with fellow Colorado firm, Centennial State Capital. https://lnkd.in/eKH_Gj-X #trending #florida #georgia #ciiadvisors #Acquisition #MandA
Trending Property Management News In Florida & Georgia
https://ciiadvisors.com
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San Francisco-based BRIDGE Housing Corporation has acquired two multifamily communities in California and Oregon, accelerating its dual-track strategy to use acquisitions to both create and preserve housing for low-income households. The acquisitions of Avalon Berkeley (renamed Viewpoint) in Berkeley and Berry Ridge in the Portland suburb of Gresham, OR will add 319 affordable units to the BRIDGE Housing portfolio. Ken Lombard #cre #multifamily
BRIDGE Housing Acquires Apartments in Bay Area, Portland Metro - Connect CRE
connectcre.com
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Avanti Residential, a nationwide multifamily investor and operator, has announced the acquisition of The Avery, a recently opened 200-unit community in Orlando. Denver-based Avanti announced the new acquisition in conjunction with fellow Colorado firm, Centennial State Capital. https://lnkd.in/eDefDKpM #trending #florida #georgia #ciiadvisors #Acquisition #MandA
Trending Property Management News In Florida & Georgia
https://ciiadvisors.com
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