Latest news with #Sunbelt
Yahoo
21 hours ago
- Business
- Yahoo
M2G Ventures adds hospitality vertical
This story was originally published on Hotel Dive. To receive daily news and insights, subscribe to our free daily Hotel Dive newsletter. Dive Brief: M2G Ventures launched a dedicated hospitality vertical, the Fort Worth, Texas-based real estate investment and development firm announced Tuesday. Crescent Real Estate exec Chris Hanrattie was named managing director, head of hospitality to lead the effort. The vertical will focus on hospitality projects where the company believes it can drive RevPAR growth and improve operational efficiency, according to the announcement. M2G Ventures co-founder Jessica Essl told Hotel Dive that while the company will continue to pursue investments in its core markets across Texas, M2G is also targeting 'high-growth markets across the Sunbelt as we expand our geographic footprint.' Dive Insight: M2G sees 'opportunities to acquire well-located full-service and select-service hotels in high-growth or emerging markets,' Essl said in a statement. 'M2G's focus on brand, guest-centered design and a deep understanding of customer preferences will play a pivotal role as we expand our hospitality portfolio.' Hanrattie joins from Crescent Real Estate, where he most recently served as senior vice president of investments and head of hospitality in Fort Worth. There, he also oversaw the firm's hospitality vertical, leading hospitality investment strategy, acquisitions and dispositions. Essl told Hotel Dive that Hanrattie's expertise 'sharpens our focus and strengthens our ability to execute our investment strategy across all verticals,' including industrial, mixed-use, retail and hospitality. According to M2G, the firm's new vertical reflects 'significant growth and transformation existing within the hospitality and travel industry.' That growth is evident in the company's home city of Fort Worth, which The Wall Street Journal called America's fastest-growing major city in 2023. The greater Dallas-Fort Worth metropolitan area has also seen heightened hotel development and investment in recent years. Crescent Real Estate opened The Crescent Fort Worth in 2023, the first luxury hotel in the city's cultural district. Recommended Reading Auberge Resorts Collection taps former Four Seasons exec as CEO Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Westwood Financial Appoints KC Bills as CEO
LOS ANGELES, July 15, 2025--(BUSINESS WIRE)--Westwood Financial, one of the largest privately held retail real estate investment firms in the nation, announced today the appointment of KC Bills as the company's new Chief Executive Officer. The appointment comes as the firm celebrates its 55th anniversary of owning and operating best-in-class retail centers across the country. Based in Los Angeles and founded in 1970, Westwood Financial's portfolio includes more than 125 top-performing grocery-anchored and service-oriented shopping centers, with a large concentration in high-growth Sunbelt markets. Effective July 28th, Bills will lead the firm's national team of professionals to drive overall Shareholder value. "I am honored to lead Westwood Financial into the future and thankful for the confidence of Steve and Howard, and the Board of Directors, whose vision and leadership have built an extraordinary platform," said Bills. "I look forward to working with the exceptional Westwood team to elevate the company even further. The opportunities ahead are tremendous; I am confident in our ability to grow and create lasting value for our investors, partners, and communities." Prior to joining Westwood Financial, Bills served as Senior Vice President and President of the West Portfolio at Philips Edison & Company, Inc. (PECO), a leading owner and operator of grocery-anchored center retail. While at PECO, he was instrumental in enhancing the performance of a national portfolio through streamlined management processes, operational improvements, and strategic planning. His leadership supported the long-term value creation and positioned the company for sustained growth. "We are excited to have KC lead our firm with his in-depth knowledge and experience in the daily needs shopping center asset class," states Howard Banchik, Founder & Co-Chairman. "I am excited that a new generation is taking control of this new chapter in Westwood's evolution," states Steve Fogel, Founder & Co-Chairman. Westwood Financial's strategic adaptability and deep understanding of market dynamics have enabled it to withstand decades of change in the retail industry. It applies its operational expertise to each of its properties, enhancing asset value and investing in capital improvements that strengthen tenant retention and increase rents. In 2024, the firm increased its same-store NOI by 5.6%. "KC's arrival marks an exciting new phase for Westwood," said Chief Operating Officer Lauren Ball and Chief Financial Officer Juyuan Wei. "We're proud of the foundation that's been built and are looking forward to collaborating alongside him as we continue supporting the team and growing the business." For more information, visit its website and follow along on LinkedIn and Instagram. About Westwood Financial Westwood Financial owns, manages, and operates over 125 high-quality shopping centers in top U.S. metropolitan markets, including Atlanta, Charlotte, Dallas, Denver, Los Angeles, Orlando, Phoenix, and Raleigh. Top-tier grocers and leading service and experiential-based operators primarily anchor the centers. Established in 1970 by Howard Banchik and Steven Fogel, Westwood Financial is headquartered in Los Angeles, with regional offices in Atlanta, Dallas, and Phoenix. View source version on Contacts Volker SchrammDirector of MarketingVSchramm@
Business Wire
5 days ago
- Business
- Business Wire
Westwood Financial Appoints KC Bills as CEO
LOS ANGELES--(BUSINESS WIRE)--Westwood Financial, one of the largest privately held retail real estate investment firms in the nation, announced today the appointment of KC Bills as the company's new Chief Executive Officer. The appointment comes as the firm celebrates its 55th anniversary of owning and operating best-in-class retail centers across the country. Based in Los Angeles and founded in 1970, Westwood Financial's portfolio includes more than 125 top-performing grocery-anchored and service-oriented shopping centers, with a large concentration in high-growth Sunbelt markets. Effective July 28 th, Bills will lead the firm's national team of professionals to drive overall Shareholder value. 'I am honored to lead Westwood Financial into the future and thankful for the confidence of Steve and Howard, and the Board of Directors, whose vision and leadership have built an extraordinary platform,' said Bills. 'I look forward to working with the exceptional Westwood team to elevate the company even further. The opportunities ahead are tremendous; I am confident in our ability to grow and create lasting value for our investors, partners, and communities.' Prior to joining Westwood Financial, Bills served as Senior Vice President and President of the West Portfolio at Philips Edison & Company, Inc. (PECO), a leading owner and operator of grocery-anchored center retail. While at PECO, he was instrumental in enhancing the performance of a national portfolio through streamlined management processes, operational improvements, and strategic planning. His leadership supported the long-term value creation and positioned the company for sustained growth. 'We are excited to have KC lead our firm with his in-depth knowledge and experience in the daily needs shopping center asset class,' states Howard Banchik, Founder & Co-Chairman. 'I am excited that a new generation is taking control of this new chapter in Westwood's evolution,' states Steve Fogel, Founder & Co-Chairman. Westwood Financial's strategic adaptability and deep understanding of market dynamics have enabled it to withstand decades of change in the retail industry. It applies its operational expertise to each of its properties, enhancing asset value and investing in capital improvements that strengthen tenant retention and increase rents. In 2024, the firm increased its same-store NOI by 5.6%. 'KC's arrival marks an exciting new phase for Westwood,' said Chief Operating Officer Lauren Ball and Chief Financial Officer Juyuan Wei. 'We're proud of the foundation that's been built and are looking forward to collaborating alongside him as we continue supporting the team and growing the business.' For more information, visit its website and follow along on LinkedIn and Instagram. About Westwood Financial Westwood Financial owns, manages, and operates over 125 high-quality shopping centers in top U.S. metropolitan markets, including Atlanta, Charlotte, Dallas, Denver, Los Angeles, Orlando, Phoenix, and Raleigh. Top-tier grocers and leading service and experiential-based operators primarily anchor the centers. Established in 1970 by Howard Banchik and Steven Fogel, Westwood Financial is headquartered in Los Angeles, with regional offices in Atlanta, Dallas, and Phoenix.
Yahoo
11-07-2025
- Business
- Yahoo
Franklin Street Properties Corp. Declares Quarterly Dividend
WAKEFIELD, Mass., July 11, 2025--(BUSINESS WIRE)--Franklin Street Properties Corp. ("FSP", "our" or "we") (NYSE American: FSP) announced today that its Board of Directors declared a quarterly dividend of $0.01 per share of common stock for the period April 1, 2025 through June 30, 2025, payable on August 14, 2025 to stockholders of record as of July 25, 2025. This press release, along with other news about FSP, is available on the Internet at We routinely post information that may be important to investors in the Investor Relations section of our website. We encourage investors to consult that section of our website regularly for important information about us and, if they are interested in automatically receiving news and information as soon as it is posted, to sign up for E-mail Alerts. About Franklin Street Properties Corp. Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. FSP is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust (REIT) for federal income tax purposes. To learn more about FSP please visit our website at View source version on Contacts For Franklin Street Properties Touma, 877-686-9496 Sign in to access your portfolio
Business Wire
08-07-2025
- Business
- Business Wire
Slate Asset Management Agrees to Acquire $226.5 Million Sunbelt Multifamily Portfolio
CHICAGO--(BUSINESS WIRE)--Slate Asset Management ('Slate'), a global investor and manager focused on essential real estate and infrastructure assets, today announced that it has agreed to acquire a six-property, 1,600-unit multifamily portfolio (the 'Portfolio') for $226.5 million. The properties in the Portfolio are located in rapidly growing Sunbelt markets across Florida, Georgia, and Arizona. 'We are pleased to announce our latest investment in the multifamily real estate sector – a performing portfolio of defensive assets with attractive fundamentals serving essential needs in markets with strong demographics,' said Peter Tsoulogiannis, Partner and Chief Investment Officer at Slate. 'We have strong conviction in the long-term demand for housing, and despite macro volatility, our investment philosophy remains unchanged; we continue to focus on acquiring below replacement cost with below market in-place rents in order to generate meaningful cash flow growth.' The multifamily sector is poised to benefit from highly favorable supply-demand dynamics: a structural undersupply of new housing due to declining housing starts combined with increasing demand for rental options. The Portfolio is well occupied, with long-term growth potential through mark-to-market rent increases. The Portfolio's garden-style apartments are concentrated in and around the growing Tampa, Atlanta, and Phoenix MSAs. The properties are located near grocers and other essential goods and service providers, providing attractive housing options for the cities' burgeoning workforces. King & Spalding advised Slate on this transaction, which is expected to close at the end of July. About Slate Asset Management Slate Asset Management is a global alternative investment platform. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate's platform focuses on four areas of real assets, including real estate equity, real estate credit, real estate securities, and infrastructure. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit to learn more, and follow Slate Asset Management on LinkedIn, X (Twitter), and Instagram.
