Category: US/Texas Deals & Announcements

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

Posted on by Sarah

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

Posted on by Sarah

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

Posted on by Sarah

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.

VLK Architects and PBTISD Break Ground on Eagle Stadium at Rotary Field

Posted on by Sarah

(Pecos, Texas) – On February 15, 2022, VLK Architects joined Pecos-Barstow-Toyah ISD to celebrate breaking ground on the construction of Eagle Stadium at Rotary Field.

Eagle Stadium at Rotary Field will be the home to the Pecos High School Eagles and serve as a premier event stadium. Once complete, this stadium will be able to host football and soccer games, track and field events, band competitions, and more.

“We are excited to bring a new, dynamic stadium to PBTISD that will be the envy of other districts across West Texas,” said Brent Jaco, Superintendent of PBTISD. “Though the former structure is gone, the land remains … this land has been the site of athletic events for over 90 years in the community. So, the memories will always remain for everyone that comes through PBTISD.”

The project includes a new pressbox, home and visitor seating, concession stands, and restrooms. Along with the stadium’s reconstruction, there will be new turf, a resurfaced track, and state-of-the-art lighting.

“VLK Architects is excited to be a part of this project that will impact so many people in the PBTISD community,” said Monika Castillo, AIA, Principal of VLK Architects. “This is the second construction project across the district and it has been an honor to continue our relationship with PBTISD.”

The project is scheduled to be complete by August 2022.

About VLK Architects

With offices throughout Texas, VLK Architects provides architecture, planning, and interior design services to automotive, K-12, higher education, corporate, and institutional clients throughout Texas. For more information, please visit our website: www.vlkarchitects.com or contact marketing@vlkarchitects.com.

Adolfson & Peterson Construction and Acadia Healthcare Break Ground on Rio Vista Behavioral Health Expansion in El Paso

Posted on by Sarah

Adolfson & Peterson Construction (AP), a top national construction management firm and general contractor, and Acadia Healthcare Company Inc., a leading provider of behavioral healthcare services across the U.S., have broken ground on a new addition to Rio Vista Behavioral Health Hospital in El Paso, Texas.

Located at 1390 Northwestern Drive, the project will provide Rio Vista Behavioral Health with a new two-story, 40-bed unit and outdoor recreation space encompassing 38,000-SF, and a new one-story outpatient center with additional parking and flatwork encompassing 14,000-SF.

“We’re pleased to break ground on a project that will help Rio Vista build on the significant impact it’s made on the community.” said Bob Lemke, vice president of operations with AP Gulf States. “Mental illness and addiction rates have risen with population increases in major cities across Texas, causing a dire need for more access points for care. AP has a long and reputable history of managing health care projects across Texas, and we’re humbled to partner with Acadia and Rio Vista to expand the breadth of psychiatric and addiction treatment services to the people of El Paso.”

Rio Vista Behavioral Health is El Paso’s premier mental health hospital, offering comprehensive care for men, women, and children struggling with mental health and substance abuse concerns. The state-of-the-art facility provides inpatient services tailored to each patients’ individual needs on their path to recovery.

Recently, the treatment facility launched remote services to continue serving patients throughout the pandemic and opened a 20-bed S.T.A.R. Military and Veteran’s Unit to provide customized treatment programs tailored to the needs of active-duty service members, veterans and first responders.

Stengel Hill Architects designed the new addition. Construction on the expansion project will begin in January 2022 and is expected to be completed in the spring of 2023.

Sidecar CRE’s Jim Breitenfeld and Kelland Drumgoole Represent Sloan Capital, Bringing everbowl™ Brand to Texas

Posted on by Sarah

everbowl™ – Sidecar CRE’s Jim Breitenfeld and Kelland Drumgoole represent Sloan Capital, which is bringing the everbowl™ brand to Texas. Three initial locations have been leased and more are planned for 2022.

a. The Crescent – 200 Crescent Ct., Ste. 60 – Dallas – everbowl™ opened their first Texas location in September 2021. Thomas Glendenning of Shop Co’s represented the Landlord.

b. Flower Mound Towne Crossing – 2704 Cross Timbers Road, Ste. 117, Flower Mound – The lease for this location was finalized in November 2021 and everbowl™ will open at the center in early 2022. Giovanni Scardino of Weitzman represented the Landlord.

c. The Shops of Highland Park – 4242 Oaklawn Avenue – Dallas – The lease for this location was finalized in November 2021 and everbowl ™ will open at the center in mid-2022. Alex Johnson with Stockdale Investment Group, LLC represented the Landlord.