Commercial Real Estate Finance

Posts Tagged ‘Philadelphia Real Estate’

Jerry K. Roller AIA, LEED AP
Principal
JKR Partners LLC

Jerry founded JKR Partners, LLC as full-service architectural firm on the belief that the needs of the client come first. At JKR Partners, design teams are formed with sensitivity to the special requirements and potential complexities of a particular project. Growing from a two-person firm in 1984, to the diverse team of 24 design professionals in Center City, Philadelphia. A Philadelphia native and graduate of Cornell University, Jerry is active in the American Institute of Architects, serving as President of AIA-PA and holding the posts of Regional Director and Vice President on the National AIA Board. He also serves on the Program Committee and Executive Committee of ULI Philadelphia District Council.

Q: As a company, tell me about the niche you have carved out for yourself and how you feel you are different from the competition. Why do you think clients find your product type more appealing than alternatives? Read the rest of this entry »

Week of March 21-27

- Legislation to overhaul the financial-regulatory system appears to be gaining momentum, and key republicans acknowledge that the measure likely will pass.

- Dubai offers $9.5 billion to back Dubai World’s debt restructuring.

- General Growth Property’s bankruptcy reorganization proposal is expected this week.

- The U.K. government is planning to tweak REIT regulations to allow them to pay dividends out in stock instead of cash.

- Investment funds are going straight to bankruptcy court records to find distressed investment opportunities as few of these transactions come to market.
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President Obama, in his recent State of the Union Address asserted that, “the worst of the storm has passed, but the devastation remains.” Of course, Obama was referring to the economy in general, however, there are some indicators in particular real estate markets that seem to support the president’s assertion. In December, CNBC.com published a list of housing markets most likely to have hit bottom. CNBC did not rank the list, however, based on the numbers, below are what I believe to be the the top 10. The criteria for the ranking was a combination of the overall decline in prices by percent, number of months with year-over-year favorable change, last year’s overall change, and December’s month-to-month change.

10. Philadelphia, PA
Fall from peak: 10.6%
Months with YoY favorable change: 7
Current YoY change: -4.1%
Current month-to-month change: N/A

9. New Haven, CT
Fall from peak: 13.5%
Months with YoY favorable change: 8
Current YoY change: -1.3%
Current month-to-month change: 0.8%
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With over $1 billion in assets under management and more than 21,000 beds in 17 states, Campus Apartments has become one of the nation’s largest developers, owners, and managers of student housing.

As President and CEO of Campus Apartments, David Adelman is a driving force in college and university real estate development throughout the United States. His business savvy and long-term vision have led the company to become one of the country’s leading providers of university housing. Through strategic acquisitions, creative development, rehabilitation projects and the consolidation of owner-operators in various locales, Adelman has increased the company’s revenue by 300 percent over the last five years.

Adelman’s strength lies in his ability to structure deals and establish formidable relationships with financial institutions, as evidenced by Campus Apartments’ recent $1.1 billion venture with GIC Real Estate Pte Ltd, the real estate investment arm of the Government of Singapore Investment Corporation.

In addition to his duties as President and CEO of Campus Apartments, Adelman is the vice chair of University City District Board of Directors, the President of the Apartment Association of Greater Philadelphia, board member of Hyperion Bank and the National Multi Family Council (NMHC), member of the Executive Committee of the Urban Land Institute’s Philadelphia Chapter, and a member of the Young President’s Organization. Additionally, Adelman is vice chairman of FS Investment Corp., a publicly registered business development corporation.
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Bill White
Co-Founder
Endurance Real Estate Group, LLC

Endurance Real Estate Group is a diversified regional real estate company that focuses upon the creation, development and management of quality real estate projects in the Mid-Atlantic States for both its tenants and investors. During Endurance’s six year history, the company has acquired 53 buildings in 15 deals, totaling 4 million square feet. Endurance currently owns and operates a portfolio consisting of 40 buildings totaling 3 million square feet: 1,650,000 million square feet of industrial and 1,350,000 square feet of office/flex.  The company is located in Bala Cynwyd (near Philadelphia) and concentrates its investment and development activities in Philadelphia and the Mid-Atlantic area.
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