The following is a selection of media placements for Great Ink clients and a summary of each.
Client
Waterton
Date
March 10, 2022
Waterton makes single-family rental debut with tech-focused JV
By Peter Benson
summary
Waterton has formed a $500 million JV with Second Avenue, a Tampa-based single-family rental specialist. The JV will look to acquire and develop single-family assets in the southeastern and southwestern U.S., with the majority of funding coming from Waterton’s value-added funds, most recently Waterton Residential Property Venture XIV. Waterton plans to differentiate itself by focusing on a sweet spot of homes valued between $250-$350K, which allows rents to be between $1,800-2,500/month.
Client
Castle Lanterra Properties, Waterton
Date
March 8, 2022
Buy, Improve, Repeat: Value-Add Activity Reaches a Fever Pitch
By Joe Bousquin
summary
The multifamily value-add market is white-hot. Operators scoop up properties with the intent to better them, increase the rents, then sell them. Castle Lanterra Properties CEO Elie Rieder and Waterton EVP of Acquisitions Matt Masinter are quoted in an article about the current demand of value-add properties around the country — especially in “2nd cities.”
Client
RADCO Companies
Date
March 3, 2022
RADCO appoints Lisa Hurd as CIO
summary
Lisa Hurd has been promoted to CIO at the RADCO Companies. Hurd has been with RADCO for nearly a decade, and will manage all investment activities for the company in her new role as CIO, including acquisitions, joint venture equity placements, capital markets activities, asset management and dispositions.
Client
Arden
Date
March 3, 2022
Arden Logistics Parks Acquires Industrial Facility in Houston, TX
By: Erik Hamilton
summary
Arden Logistics Parks has acquired 9525 Wallisviile, a two-building complex in Houston, TX. The acquisition adds 203,421 square feet of industrial space to Arden’s existing 7.5-million, square-foot national portfolio, including 1 million square feet in Texas.
Client
Pembrook Capital Management
Date
March 2, 2022
Former NYC Mayoral Candidate Maya Wiley Tapped To Advise CRE Firm's DEI Efforts
By Patrick Sisson
summary
Pembrook Capital Management, a national lender focused on affordable housing, named civil rights attorney and former New York City mayoral candidate Maya Wiley as a senior adviser focused on “addressing racial and economic inequality” within its lending business. The appointment speaks to new ways commercial real estate firms are attempting to address equity issues both within the profession, and via its wider impact on housing and the economy, such as new initiatives to support Black and BIPOC developers.
Client
The Cordish Companies
Date
January/February 2022
'Out-of-town' Capital Bets on Kansas City
By Matt Valley
summary
John Moncke, president of The Cordish Companies’ Kansas City Power & Light District in downtown Kansas City, MO, talks with Midwest Multifamily & Affordable Housing Business about the Kansas City apartment market, and the firm’s newest rental under construction, Three Light Luxury Apartments.
Client
The Praedium Group
Date
March 1, 2022
Praedium Group Pays $96M for Nashville Community
By Olivia Bunescu
summary
The Praedium Group has acquired The Sound at Pennington Bend, a 296-unit community in Nashville, Tenn. The community spans 14.3 acres and comprises eight buildings with one-, two- and three-bedroom floorplans, ranging from 674 to 1,554 square feet. All units are equipped with granite countertops, stainless steel appliances, a smart home system, full-size washers and dryers, walk-in closets and private balconies or patios.
Client
Hodges Ward Elliott
Date
February 28, 2022
376-Room Hospitality Portfolio Trades
By Ingrid Tunberg
summary
Boutique real estate capital markets advisor Hodges Ward Elliott arranged the sale of a three-property hotel portfolio to Peachtree Hotel Group, and managed the marketing process for the portfolio. Widewaters Hotels developed, owned, and operated the portfolio, which consists of the 137-room Aloft Hillsboro-Beaverton in Hillsboro, OR, the 120-room Home2 Suites by Hilton Eugene Downtown University Area in Eugene, OR, and the 119-room Home2 Suites by Hilton Pittsburgh/McCandless in Pittsburgh, PA.
Client
Camber Creek
Date
February 23, 2022
A proptech VC bonanza: Camber Creek raises $325M for latest fund
By Hiten Samtani
summary
Camber Creek has raised $325 million for its fourth and largest fund to-date. The firm aims to replicate its strategy of finding interesting startups across the spectrum, connecting them with its owner-operator limited partners, and helping them scale. The Real Deal talks with Camber Creek managing partner Casey Berman.