Cole Real Estate Investments, Inc. Common Stock Begins Trading on the NYSE

Cole Real Estate Investments, Inc. Common Stock Begins Trading on the NYSE
PHOENIX–(BUSINESS WIRE)– Cole Real Estate Investments, Inc. (NYS: COLE) , a full-scale real estate and investment management firm, today announced that its common stock has begun trading on the New York Stock Exchange (NYSE) under the ticker …
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Angel Bronsgeest and Shawn Watkins to Offer 24 Months of Investors
Angel Bronsgeest and Shawn Watkins, co-founders of Investors Workshops, a top-rated real estate investment networking group located in Orange County, California, recently announced a special offer for anyone interested in learning more about real …
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More Sunroom Customers Over Past Six Months Choose To Match Roofing of Home, Says President of Venetian Builders, Inc., Citing Better Economy, Low Interest Rates

MIAMI, FL (PRWEB) February 22, 2013

More people who expand their homes with aluminum sunroom additions have been choosing to match roof materials to those on the original home, said Christopher Noe, president of Venetian Builders, Inc., Miami, commenting on a trend hes seen develop over the past six months.

Sunrooms can stand safely and weather tight with just their insulated roofing panels, Noe said. Many homeowners go that route simply because its the most affordable way to get all-season square footage. But increasingly, especially over the past half-year, buyers of sunroom installations are asking us to match the roofing on their home.

The advantage of matched roofing is purely aesthetic, Noe said.

Go to a gallery of quality sunrooms and youll see that if a roofline is continued over the sunroom, matching roof materials makes the end result appear as one unit, not an addition, Noe said. If the roofline is separate, matching the clay tiles or other roofing materials still makes the sunroom look like it belongs.

What Noe expects to see is a decision by more patio room customers, not just sunroom buyers, to match roofing materials.

The buyer of, say, a Miramar patio enclosure typically has a lower budget than the buyer of a Boca Raton sunroom, Noe said. But with the advances in insulated all-weather patio enclosures, homeowners are discovering that adding enclosed patio room living space is affordable, and they have money left in their budget for roof matching.

Citing reports from, Noe notes that Americans moved more in 2012 than in 2011, but still at historically low rates. The longer stays are combining with improving real estate markets to increase equity.

To get the space they need, homeowners are adding on, Noe said. Its cheaper than buying a bigger house and paying closing costs and moving charges.

The time from permitting to occupancy on an aluminum-frame addition is shorter than for traditional construction methods, Noe said, adding convenience.

Low interest rates make additions more affordable, he said. recently reported the average rate for a home-equity line of credit was 5.03 percent.

Go to an online loan payment calculator such as and youll see that a $ 25,000 loan would cost just over $ 265 a month with a 10-year payoff, Noe said. Thats doable for many homeowners who have been in their homes a while and built up equity.

Venetian Builders installs sunrooms, patio enclosures and strong but elegant screen pool enclosures in West Palm Beach, Weston, Wellington, Davie, Miramar, Fort Lauderdale, Deerfield Beach, Boca Raton, Miami, Homestead and all communities nearby. Venetian Builders estimates are free, detailed and written.

For more information, call Venetian Builders, Inc., 866-596-2427.

Waypoint Homes, Inc. Promotes Managing Director Gary Beasley to Chief Executive Officer

Oakland, CA (PRWEB) January 28, 2013

The Board of Directors of Waypoint Homes, Inc., a pioneer in the REO to rental industry, announced today that Gary Beasley has been named President and Chief Executive Officer. Beasley will be supported by Chief Operating Officer Scott Gable, Chief Technology Officer Ali Nazar, recently appointed Chief Financial Officer Nina Tran, and by Doug Brien and Colin Wiel in their roles as co-founders and managing directors.

Beasley joined Waypoint as a managing director in late 2011 and played a key role in securing the companys partnership with Menlo Park-based private equity firm GI Partners, which represented the first large institutional investment into the single family rental (SFR) industry, as well as the milestone $ 245 million revolving credit facility with Citi that Waypoint announced in October 2012.

Garys track record of building high growth companies combined with his investment and public company leadership experience makes him the natural choice to lead Waypoint as we continue expanding, said Doug Brien. Colin Wiel added, Our assets under management more than doubled in 2012 and we expect continued growth in 2013. Weve been operating effectively under a rather unconventional structure with three managing directors running the firm. We understand that as we mature we need to adopt a more conventional structure, and were confident that this streamlined organizational structure is the right one to support that significant growth trajectory.

Its been incredibly satisfying to see our investment strategy validated through the emergence of the single family rental market as an institutional asset class over the past year, said Beasley. Doug and Colin have done an amazing job building Waypoint from the ground up. Im honored and excited to lead Waypoint into its next chapter, and my goal is to build on our legacy of innovation in our space and to ensure Waypoint remains at the forefront of our industry for many years to come.

Before joining Waypoint, Beasley served as a partner with Geolo Capital, the private equity arm of the John A. Pritzker family, where he helped orchestrate the firms investment into Joie de Vivre Hospitality, the second largest boutique hotel chain in the U.S. He served as the chains CEO for a year prior to its successful merger with NY-based Thompson Hotels. Prior to joining Geolo, Beasley served as CFO and then president of the pioneering Internet-based residential brokerage ZipRealty (NASDAQ: ZIPR), which now ranks as one of the largest residential brokers in the U.S. Under Beasleys leadership ZipRealty grew from 40 to over 2,000 employees and executed a successful IPO. In addition to his previous CEO role at solar technology start-up Greenvolts, other past positions include key roles at KSL Resorts (a $ 2 billion KKR-backed resort/leisure enterprise), Security Capital Group (REIT pioneer), and LaSalle Partners Limited (predecessor company to Jones Lang LaSalle).

We are proud to be on the leading edge of helping to create a new institutional asset class through our partnership with Waypoint, said Rick Magnuson, board member of Waypoint Homes and executive managing director of GI Partners. Gary has brought great experience and strategic thinking to Waypoint. With Gary, Colin, Doug and the entire Waypoint teams support, we have purchased over 2,000 homes since early 2012.

About Waypoint Homes: Based in Oakland, Calif., Waypoint Homes ( has created a next-generation real estate company with an innovative business model to help address the lack of liquidity contributing to the prolonged U.S. housing crisis. The Waypoint solution centers on buying distressed single-family houses, renovating them, and then leasing them to residents via innovative leasing programs that are designed to provide a path to future home ownership for the residents. A leader in the emerging REO-to-rental industry since its founding in 2008, Waypoints portfolio includes more than 3,000 homes in five states; the company is rapidly expanding operations in targeted cities nationwide.

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Terrace Capital, Inc. Secures $61MM in Non-Recourse Senior Debt Financing- Industrial Portfolio Midwest, US.

New York, NY (PRWEB) December 19, 2012

Barnett Capital LTD, located in Chicago, IL is a Family Office, founded by Joel Barnett, which provides high yield debt for owners of commercial & residential real estate and companies in need of financing for inventory and equipment. Mr. Barnett, for the past 30 years, has captained the firm that bears his name with the sole purpose of sourcing and managing investment opportunities for his family.

The proceeds of this $ 61MM, 75% LTV, CMBS loan were used by the borrower for the refinance of full recourse lines of credit that had been used to acquire, renovate and re-tenant 20 industrial properties, totaling 2MM square feet. The senior debt had a 10-year fixed term and a 25 year amortization schedule and required no personal guarantees. The non-recourse, permanent financing will allow Barnett Capital to expand its core lending business and continue providing capital to organizations and individuals, who are unable to obtain traditional bank financing.

According to a senior underwriter at Terrace Capital, Barnett had specific requirements which had to be met for certain business needs such as maximum leverage, the ability for partial releases of collateral and the flexibility to use letters of credit for reserves, instead of cash. Despite the challenges of working with single tenant buildings, multiple short term leases and several tertiary locations, Terrace was able to structure a max leverage CMBS deal which allowed for partial releases with acceleration rates as low at 105%, by cross collateralizing the assets and minimal use of letters of credit to mitigate lease rollover risk.

About Terrace Capital

Terrace Capital focuses on non-recourse loans and preferred equity of $ 5MM and greater on income-producing retail, office, industrial, multifamily, self-storage and hotel properties throughout the continental United States.

The Firm is a leader in providing permanent mortgages and equity for wide range of real estate transactions.

For more information about Terrace Capital and the services it provides, go to

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