JLL Capital Markets Closes $61 Million in Financing for 17-Market Industrial Portfolio

JLL Capital Markets has arranged $61 million in acquisition financing for an industrial portfolio comprising nearly 24 last-mile, cross-dock truck terminals and transload properties across 17 markets in the Southeast, Mid-Atlantic, New England and Central U.S.

JLL worked on behalf of the borrower, Biynah Industrial Partners, to source the acquisition loan.

The portfolio is 93 percent leased to 18 tenants with an average tenure of nearly 17 years and substantial investment-grade in-place tenancy. The portfolio crosses various regions with assets in the Southeast, Mid-Atlantic, New England and Central U.S.

The portfolio provides end-to-end logistics solutions for today’s supply chain demands. These facilities represent mission-critical freight distribution transfer points, facilitating the flow of goods at the last stage of the supply chain. Each site offers optimal solutions for facility location, facility size, proximity to major infrastructure, truck court sizing, auto parking and other special use considerations.

This portfolio highlights the growing demand for Industrial Service Facilities, a rapidly growing multi-billion asset class that is suddenly on the radar of institutional investors. Such last-mile, cross-dock truck terminals and transload properties are increasingly driving investor attention due to their critical role in the movement of goods amidst supply chain backlogs.

The JLL Capital Markets team that represented the borrower was led by Managing Director Matthew Schoenfeldt and Director Lucas Borges.

Sale of Medical Office Portfolio in Texas and Kansas Closes

JLL Capital Markets announced today that it has closed the sale of an 18-property medical office portfolio totaling 762,780 square feet in Texas and Kansas. The properties are directly aligned with partnerships between Ardent Health Services, a leading healthcare provider, and two market-leading academic health systems, The University of Texas Health Science Center at Tyler and The University of Kansas Health System.

JLL marketed the properties on behalf of the seller, Ardent Health Services. The portfolio was acquired by a healthcare-focused real estate investment trust.

The medical office portfolio consists of:

Continental Medical Building, 631 SW Horne St., Topeka, Kansas
Mulvane Medical Plaza, 634 SW Mulvane St., Topeka, Kansas
UT Health East Texas Hope Center, 721 Clinic Dr., Tyler, Texas
Olympic Plaza Tower, 700 Olympic Plaza, Tyler, Texas
UT Health Rehabilitation Center, 701 Olympic Plaza, Tyler, Texas
East Lake Professional Building, 1100 E. Lake, Tyler, Texas
Lake Palestine, 18118 FM 344 W, Flint, Texas
Medical Plaza I, 117 Medical Circle, Athens, Texas
Medical Plaza II, 115 Medical Circle, Athens, Texas
Athens Cancer Institute, 1801 S. Palestine, Athens, Texas
Lakeland Medical Associates, 170 Municipal Dr., Gun Barrell City, Texas
UT Health Cedar Creek Lake, 100 Municipal Dr., Gun Barrell City, Texas
Jacksonville Medical Plaza, 203 Nacogdoches, Jacksonville, Texas
UT Health East Texas Rehabilitation Clinic – Jacksonville, 414 S. Main St., Jacksonville, Texas
UT Health East Texas Physicians Rusk, 1325 N. Dickinson Dr., Rusk, Texas
UT Health East Texas Rehabilitation Clinic – Mineola, 1616 N. Pacific St., Mineola, Texas
UT Health East Texas Olympic Center Pittsburg, 2801 US Hwy 271 N, Pittsburg, Texas

The properties are fully leased by affiliates of UT Health East Texas and The University of Kansas Health System St. Francis Campus with a wide range of specialty uses, including radiation oncology, cardiology, neurology, orthopedics, urology, OBGYN, imaging, emergency care, family medicine and inpatient rehabilitation. More than 90% of the portfolio is concentrated in on-campus locations with the balance of the properties strategically positioned to support outpatient strategies across the surrounding communities.

The JLL Healthcare Capital Markets team representing the seller was led by Senior Managing Directors Brian Bacharach and Mindy Berman and Vice President Vasili Davos.

JLL Announces Global Partnership with Leading Digital Healthcare Company

JLL announced a global property partnership with Babylon, a world-leading company reengineering how people engage with their health at every step of the care continuum, focusing on brokerage as well as project and construction management services.

Founded in London, Babylon has tapped JLL to represent the company’s expansion as they continue to increase their presence across the United States. The company recently announced it will occupy 37,883 RSF at Rollingwood Center I in Austin’s Southwest submarket.

JLL’s John Childers and Austin Trees represented the tenant in the lease transaction.

14 Draper and Kramer Properties Named SatisFacts Resident Satisfaction Award Winners in Illinois and Texas

Draper and Kramer, Inc. announced that 14 of its rental communities from its national management portfolio were named 2021 Resident Satisfaction award winners by SatisFacts, the multifamily industry’s premier authority on resident satisfaction and retention. In addition, 13 of Draper and Kramer’s rental communities won ApartmentRatings Top-Rated awards for resident satisfaction as measured by ApartmentRatings.com reviews.

The 14 Draper and Kramer properties receiving Resident Satisfaction awards for achieving high scores on SatisFacts surveys include:

1130 South Michigan
1350 N. Lake Shore Drive
Aspire Residences (2111 S. State St.)
Burnham Pointe Residences at Printer’s Row (730 S. Clark St.)
EVO Apartments (9015 Eager Rd.)
Grand Plaza (530 N. State St.)
Hampton Gardens (5927 Suson Place)
Homestead Apartments (443 Sherwood Rd.)
HUBBARD221 (221 W. Hubbard)
North 680 (680 E. Algonquin Rd.)
Sonterra Blue (922 East Sonterra Blvd.)
St. Paul’s Square at Adriatica Village
Lake Meadows (3233 S. King Dr.)
The View at Encino Commons (21303 Encino Commons)

The following communities also received an ApartmentRatings Top-Rated Award for outstanding resident satisfaction as measured by ApartmentRatings.com. Only about 5% of all properties on the ApartmentRatings site earn the award.

1130 South Michigan
1350 N. Lake Shore Drive
Aspire Residences
Burnham Pointe Residences at Printer’s Row
EVO Apartments
Grand Plaza
Hampton Gardens
Homestead Apartments
HUBBARD221
North 680
Sonterra Blue
St Paul’s Square at Adriatica Village
Crest at Las Colinas Station

Westmount Realty Capital Celebrates International Women’s Day by Highlighting Recent Promotions of Four Female Leaders to Senior Director Level Roles in its Dallas Office

DALLAS — March 8, 2022 — Westmount Realty Capital, a private national real estate investment firm with offices throughout the country, names three female leaders to senior-level director roles with the firm. These promotions are being highlighted on International Women’s Day, a day of recognition recognized across the globe to celebrate the social, economic, cultural and political achievements of women as well as a call to action for accelerating women’s equality, including the workforce.

“Each one of these promotions is well-deserved – these female powerhouses have helped propel our firm’s rapid growth, and we are thrilled to have this core team of female leadership in place and to promote diversity in the male-dominated industry of commercial real estate,” said Brant Brown, president and COO at Westmount Realty. “Their exceptional performance, delivering solid returns for both our company and investor base have contributed to Westmount’s continued success over the past few years. They are each an instrumental part of our team.”

Julie Butticarlo was promoted to senior director, asset management. In 2018, Butticarlo joined the Dallas office as the director of asset management and has worked in various markets including Atlanta, Cincinnati, Columbus (Ohio), Dallas, and Minneapolis.

Butticarlo immediately became a top producer and has completed over 90 transactions totaling 3.4 million square feet. In addition, she spearheaded five major sales transactions that included Garland Logistics Park – named a Dallas Business Journal “Best Real Estate Deals of 2020” finalist – as well as the Gwinnett portfolio transaction, a 1.2-million-square-foot master-planned business park in Atlanta which provided significant returns to the original partnership.

She is a member of the Dallas chapter of Commercial Real Estate Women (CREW), is a designated Certified Commercial Investment Member (CCIM) through the North Texas CCIM and holds her Texas Real Estate Brokers License. She currently lives in Mansfield.

Ginny Goldsmith was promoted to senior director, property management. Goldsmith leads the Dallas commercial property management team and helped reorganize the firm’s property management teams in Chicago.

Throughout her past five years at Westmount, Goldsmith had implemented various best practices for commercial property management and other departments, helping improve and streamline company operations. She has implemented strategies that have yielded better rent collections, nearing 100%, even throughout the pandemic. She has improved the firm’s operational effectiveness and efficiency with the addition of a tenant portal and maintenance tracking system.

Before joining Westmount, Goldsmith worked in commercial property management for other Dallas-area companies. She currently resides in Las Colinas and is a member of the Dallas chapter of Commercial Real Estate Women (CREW), is a designated Certified Property Manager through the Institute of Real Estate Management (IREM) and received the IREM Rising Star Award in 2013.

Barbara Georgakis has been promoted to senior controller. In 2015, she joined the Dallas office as the corporate controller and proved to be a pioneering leader in the commercial accounting, tax, treasury and technology teams.

During her time with the company, Georgakis has successfully built out internal company platforms to improve efficiency while consistently receiving positive feedback from both her industry peers and vendor partners. Drawing on her previous experience as a controller for other Dallas-area companies, Georgakis’ hard work and tremendous efforts have been a key driver in Westmount’s growth since joining the company more than six years ago.

Georgakis resides in Flower Mound. She is a certified public accountant (CPA), has her Bachelor of Business Administration (BBA) from Marshall University and has been involved with Financial Executives International (FEI).

The three female leaders are among the growing number of employees in Westmount’s Dallas, Chicago, Atlanta, Milwaukee, San Francisco and Orlando offices.

About Westmount Realty Capital

Westmount Realty Capital, LLC is a time-tested, privately held, Dallas-based commercial real estate company that has achieved exceptional performance, with a core team in place, for more than 35 years. Westmount is seen as an innovator and leading-edge company in the industry and is a relationship-driven trusted operating partner of numerous U.S. and foreign institutional and private capital sources. The company is active within the U.S., specializing in value add and opportunistic investments, and has navigated successfully through multiple market cycles. For additional information, contact www.westmountrc.com.

For more information, contact:
Westmount Realty Capital, LLC
info@westmountrc.com

Investcorp Acquires 64 Industrial Properties Totaling 5.6 Million Square Feet

Investcorp, a global alternative investment firm, has acquired 64 industrial properties totaling about 5.6 million square feet across seven major U.S. markets for an all-in value of $640 million.

The properties grow Investcorp’s U.S. industrial real estate holdings to about $3.5 billion across approximately 32 million square feet comprised of more than 425 buildings.

The latest acquisitions provide Investcorp with Class-B+/B industrial warehouses that are 95 percent leased. The properties are primarily located in the top major industrial markets by size including Chicago (ranked 1st); Dallas (ranked 2nd); the New York metro (ranked 4th); Atlanta (ranked 5th); Houston (ranked 6th); Philadelphia (ranked 9th); and St. Louis (ranked 20th).

The properties have exposure to dense population centers with robust transportation infrastructure, proximity to interstate highways and large, diverse economies.

Since 1996, Investcorp has acquired more than 1,100 properties for a total value of about $23 billion.