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Passionate investor-experience in real estate, private equity, hedge fund, asset…
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Jordan Cohen shared thisThe proliferation of Single Family Rentals and Build to Rent: A secular shift in the way we live. The data demonstrates this is true across geographies as well as demographics. From Arizona to the Carolinas, Florida to the Dakotas, millennials to boomers, families to young professionals. Appears we are still scratching the surface of what's to come. #sfr #btr Transcendent ElectraBuilt-to-Rent Homes Expected to Hit All-Time High in 2022, Fueled by Need for Space and PrivacyBuilt-to-Rent Homes Expected to Hit All-Time High in 2022, Fueled by Need for Space and Privacy
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Jordan Cohen shared thisWhat makes a team great? Google'd it. https://lnkd.in/gXsWB-jGoogle Spent 2 Years Studying 180 Teams. The Most Successful Ones Shared These 5 TraitsGoogle Spent 2 Years Studying 180 Teams. The Most Successful Ones Shared These 5 Traits
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11mo
Congrats Todd, Ron and team!
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Jordan Cohen liked thisJordan Cohen liked thisAnother Opportunity Zone financing closed. Proud of our Ackman-Ziff team for bringing together $21.2 million of Opportunity Zone equity and a $49 million senior bridge for this 335-unit multifamily project in Charlotte. We’ll continue the conversation on where Opportunity Zone capital is headed at our October 8th Bisnow webinar. Register here: https://lnkd.in/gKT5_iEm #CRE #Multifamily #OpportunityZones #CapitalMarkets #100yearsofackman #trustonefirm #trustedadvisors Jordan Brustein, Andrew Rudy
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Jordan Cohen liked thisTrust is earned over time. Yesterday EDENS announced $850 million in equity commitments from long-standing institutional investment partners. What makes this particularly meaningful to us is that these are partners who know us well. They have invested alongside us through different cycles, watched how we make decisions, how we operate and how we create value—and they have chosen to increase their commitment to EDENS. We don’t take that trust lightly. I am deeply grateful to our investors, and incredibly proud of the EDENS team who earn that confidence every day through thousands of decisions—large and small—that compound into performance over time. Now we get to put that confidence to work. We have significant capital to invest and a clear mandate: disciplined growth in great real estate where EDENS’ unique capabilities can create meaningful value for our investors and the communities we serve. We are ready to grow. The objective isn’t simply to own more real estate. It is to create and steward places that earn people’s time, strengthen communities and become more valuable because of the work we do. I could not be more excited about what comes next. Jami Passer Mark Garside
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Jordan Cohen liked thisJordan Cohen liked thisAlright alright alright...... Please join me in a very big welcome to our newest Managing Director, Loren Berkley 👏👏👏 Loren brings an arsenal of hospitality investment expertise: 19 years in hospitality real estate, $1.5B+ in hotel assets transacted and overseen, and firsthand experience as an owner, operator, investor, and asset manager. That perspective gives ThirtyFourth Capital another valuable lens on capital strategy — Loren understands exactly how financing decisions flow through to operations, value creation, and investor returns, and that's going to be incredibly valuable to our clients as we structure and execute debt and equity solutions. #Hospitality #CommercialRealEstate #HotelFinance #CapitalMarkets #RockNRoll
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Jordan Cohen liked thisJordan Cohen liked thisFive years ago today, Warby Parker became the first Public Benefit Corporation to go public through a direct listing on the New York Stock Exchange. Simultaneously, we launched the Warby Parker Impact Foundation with 1% of the company’s outstanding shares to expand access to eyecare. Going public was the culmination of an incredibly rigorous process—and a milestone that gave us an opportunity to demonstrate something we had believed since starting Warby Parker: companies can scale, deliver strong results, provide incredible value to customers and do good in the world. Five years later, Warby Parker has grown tremendously. But what excites me most is that our ability to serve our customers and advance our mission has grown right alongside it. Since going public, we’ve more than doubled our retail footprint to 350+ stores, with nearly 90% now offering eye exams. We’ve expanded our US manufacturing capabilities from one optical lab to two, grown #TeamWarby to more than 4,000 people, and more than doubled the number of people who can use their in-network vision insurance at Warby Parker. And, we’ve more than tripled the impact of our Buy a Pair, Give a Pair program—from 8 million pairs of glasses distributed at the time of our listing to over 25 million today. I’m proud of how much has changed over the last five years and equally proud of what hasn’t. Our mission of vision for all remains our North Star, guiding how we grow, innovate and serve our customers. Thank you to #TeamWarby, past and present, and everyone who has supported us along the way. We’ve come a long way, and we’re just getting started.
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Jordan Cohen liked thisJordan Cohen liked thisAt this years @Pretium Investor Symposium, I moderated a panel on value creation in residential land with Pretiums @Karen Kulvin, @Greg Vogel of @Land Advisors Organization and @Mollie Fadule of @JPI Companies. As regional banks pull back from homebuilder and land development lending, builders are moving land off balance sheets and leaning on structured construction and lot-banking capital. That opens the door for platforms like ours to step in as a reliable financing partner. In the two years since we launched our homebuilder financing business, we have closed roughly $4 billion in loans, financing the construction of about 19,000 housing units across 20 states and nearly 100 projects.
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Jordan Cohen liked thisExcited to announce that this morning BRX signed agreements to acquire Slate Grocery REIT for $2.34 billion, in partnership with our new (well, old) friends at Everview Partners. Deal highlights: • $2.34B purchase of Slate Grocery REIT: a grocery-anchored portfolio that fits our open-air retail grocery value add strategy: • 23 assets wholly owned: these go directly onto the BRX balance sheet - 100 percent overlap with our footprint. • Joint venture for the rest of the portfolio: BRX owns 20% of the JV equity and will make make a preferred equity investment. This is fantastic next step in BRX’s growth. We look forward to creating value at these assets for our partners and shareholders. A huge thank you to the BRX team who made this happen: including my investments team, FAM, legal, leasing, Operations, IR and everyone else - even the rest of the executive team ;). It has been great working with the Everview team, and we look forward to a strong partnership. Finally, a shout out to the Slate Asset Management team, whom I’ve long admired, for building a great set of assets. I was thinking of Slate when I belted out the Canadian anthem at the Buffalo Bills new stadium opener at Highmark right after working on the deal during the tailgate a week or so ago!Jordan Cohen liked thisToday, Brixmor Property Group and Everview Partners announced they have entered into definitive agreements to acquire Slate Grocery REIT in a transaction valued at $2.34 billion. Under the terms, Brixmor is adding 23 grocery-anchored shopping centers to its portfolio, while expanding the reach of its operating platform across an additional 92 centers through a capital-efficient joint venture structure with Everview. The 23-asset portfolio Brixmor is acquiring includes approximately 3 million square feet, approximately 96% leased, and is located entirely within the Company's existing operating footprint primarily in Florida, Georgia, and the Carolinas. Brixmor will acquire the 23-center portfolio for approximately $636 million and hold a 20% common equity interest in a joint venture with Everview that will acquire the remaining 92 shopping centers for approximately $1.71 billion. What makes this transaction compelling is not just the scale. It is the opportunity to create value over time. Brixmor sees meaningful opportunities to drive long-term growth through leasing, remerchandising, redevelopment, and outparcel development initiatives. The transaction aligns with Brixmor's strategy of investing in high-quality grocery-anchored centers in markets we know well, leveraging our operating platform at scale, and creating sustainable value for shareholders. The transaction is expected to be immediately accretive while preserving balance sheet strength and flexibility for future opportunities. Read the full press release: https://lnkd.in/e3ZR7uM6 #Brixmor #RetailRealEstate #OpenAirRetail #GroceryAnchoredRetail #REIT #CommercialRealEstate #Investing #BRX #BRXaccelerate
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Jordan Cohen liked thisJordan Cohen liked thisThank you to Bisnow for yesterday’s State of the #Miami market. It was great seeing industry friends and colleagues and meeting a few new ones! Thanks to Jordan Hinsch, MBA for organizing a great program with the last panel of the day, Dining as Destination: How Miami's Top Restaurateurs Are Redefining Hotel Hospitality, being the best. The incredible panel was hosted by Russell Galbut and featured some of Miami’s finest and greatest restauranteurs: Andrea Marzullo, Gustavo Montes, David “Papi” Einhorn and the one and only Georgios Vogiatzis!
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Jordan Cohen liked thisJordan Cohen liked thisAlpaca Real Estate announced that it has acquired Bay Pointe, a 269-unit multifamily community in Miami's South Kendall submarket, through a joint venture with Phoenix Realty Group. ARE invests thematically in sectors where today's strongest tailwinds meet market dislocation, building conviction rapidly through proprietary research, white papers, and its AI-enabled underwriting platform. Bay Pointe reflects that approach: Recently delivered and already 95% leased, the property reflects strong demand for well-located multifamily assets in South Florida. In a market facing affordability challenges, Bay Pointe is positioned to cater to a broad base of residents as a middle-income offering. Ron Orgel, Keith Rosenthal, Peter Weiss, Daniel Fetner, Ryan Freedman, Christina Bicks, Raymond Updyke, CFA, CPA, Lorraine Sanders, Nicholas Balderston https://lnkd.in/ge4iEvjiAlpaca Real Estate and Phoenix Realty Group Acquire 269-Unit Bay Pointe Multifamily Community in MiamiAlpaca Real Estate and Phoenix Realty Group Acquire 269-Unit Bay Pointe Multifamily Community in Miami
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Jordan Cohen liked thisJordan Cohen liked thisRetail, hospitality, and mixed-use development’s leading voices will convene at The Maybourne Beverly Hills next week. (But only after an epic opening party at Abbot Kinney Boulevard’s iconic watering hole, The Brig!)
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Kevin Van Hoesen
Good article from KKR and Arctos on the most fragmented and least capitalized part of U.S. real estate. Big capital is moving toward it, which is good news for the sponsors who source and run most of it. Ibis Capital is raising Fund I around the same opportunity, one deal at a time. 8-12 investments, $3M to $7M of equity into each, alongside operators who have worked these niche sectors for years. https://lnkd.in/ghWV4Pxb
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