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Press releases for real estate partners
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  Real Estate Partners Sponsors Yellow Ribbon America's Toy Drive for Families of Overseas Military (2006-12-13)
Real Estate Partners, Inc., a national real estate investment company based in Irvine, Calif., is the national sponsor for Yellow Ribbon America’s Operation Christmas For Our Troops III, the largest toy drive in the country that directly benefits military families. This is a terrific way to show support for our brave men and women overseas. A press conference will be held at 10:00 a.m. this Thursday, December 14, at the Newport Beach City Hall building, located at 3300 Newport Boulevard. Toy and gift card donations will be accepted on site and elsewhere through December 20. Information about Yellow Ribbon America and the drop off locations for Operation Christmas can be found at www.yellowribbonamerica.org.
Real Estate Partners Sponsors Yellow Ribbon America’s Operation Christmas For Our Troops III—Nation’s Largest Such Event Serving Military and Their Families (2006-12-06)
Real Estate Partners, Inc., a national real estate investment and management services company based in Irvine, Calif., announced it will be the national sponsor for Yellow Ribbon America’s Operation Christmas for Our Troops III. The event was announced at a press conference Tuesday, December 5, 2006 at the state capital, and was attended by representatives of the California State legislature and military. Operation Christmas for Our Troops III is the largest Christmas holiday effort in the nation for America's deployed military and their families. Last year Yellow Ribbon America collected over 47,000 toys and DVDs, as well as gift cards and donations for California’s military families. Information about Yellow Ribbon America and the drop off locations for Operation Christmas can be found at www.yellowribbonamerica.org. Real Estate Partners Renews Commitment to New Orleans-Gretna with Renovations and New Investments (2006-10-27)
Real Estate Partners, Inc., a national real estate investment and management services company specializing in the acquisition, repositioning, management and disposition of high-growth properties, announced today it is actively seeking major multifamily investment opportunities in the greater New Orleans, Louisiana, region while completing renovations to its two apartment communities in the area, Baywood and Cedarwood. Rehabilitation of these Hurricane Katrina damaged properties includes capital improvements amounting to more than $15 million. Real Estate Partners Spending Nearly $100 Million for Orange County 368-unit Luxury Apartment Community in San Clemente, CA (2006-09-26)
Real Estate Partners, Inc., based in Irvine, CA, purchased Seacreast Apartment Homes, a 368-unit luxury, ocean view apartment community in San Clemente, CA, for $87.5 million and plans to spend $10 million on renovations bringing the company’s investment total to nearly $100 million. This acquisition represents Real Estate Partners’ single largest dollar investment in an asset as well as the company’s first Orange County multifamily purchase, and second multifamily purchase in Southern California this year. Orange County Based Firms Real Estate Partners Sells Multifamily Portfolio for $166,000,000 to CORE Realty (2006-07-13)
Real Estate Partners, Inc., a national real estate investment and management services company specializing in the acquisition, repositioning, management and disposition of high-growth properties based in Irvine, Calif., announced today the $166,000,000 sale of a multifamily portfolio consisting of eight properties totaling approximately 2,400 units to CORE Realty Holdings, LLC of Newport Beach, Calif. The properties are located in North Carolina and Virginia. The sale of this portfolio completes the investment cycle two years earlier than projected and is an example of Real Estate Partners’ team’s efforts to provide stabilized above-average returns to their investors and joint venture partners. Real Estate Partners Grows Value of Its Multifamily Portfolio With 2,500-Unit Renovation; $30-$35 Million in Total Renovation Costs (2006-04-18)
Real Estate Partners, Inc., a national real estate investment and management services company specializing in the acquisition, repositioning, management and disposition of high-growth properties, announced today it is renovating approximately 2,500 apartment units in properties located in Texas, Louisiana and Arizona. The extensive renovation effort, which is estimated to cost $30-$35 million, is expected to boost rent rates in the five affected properties by as much as 15-20%. Real Estate Partners Closes 2005 with $70 Million in Acquisitions; $500,000,000 in Total Assets Projected by Year-end 2006 (2006-02-06)
Real Estate Partners, Inc., a national real estate investment and management services company specializing in the acquisition, repositioning, management and disposition of high-growth properties, announced today that it acquired approximately $70 million in assets in 2005. The company also added Robert Warren, III to head up its newly launched Real Estate Partners Asset Management Services, Inc., and implemented several other strategic growth initiatives. In the last 12 months, Real Estate Partners has grown its portfolio to include approximately 5,500 multifamily units. Real Estate Partners plans to acquire $200,000,000 or more in value-add multifamily properties and approximately 500,000 square feet of commercial property acquisitions, with similar annualized growth expected thereafter through 2007. Total owned assets expected for the company by year-end 2006 is approximately one-half billion dollars.
Real Estate Partners Purchases R&D Building in Tustin, Calif. for $9 Million and Plans to Spend $3.6 Million on Rehab (2005-11-10)
Real Estate Partners, Inc. purchased a 75,600-square-foot R&D building in Tustin, Calif. for $9 million and plans to reposition the property and spend $3.6 million in exterior renovations and interior tenant improvements to convert the single-tenant building into a 72,000-square-foot multi-tenant Class B office building. The 4.5-acre property, which was built in 1970, is located in The Irvine Business Complex and was unoccupied at the time of the sale. 1 |
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