sults. multifamily owners CBRE Knowledge.Leadership.Re

Why do more
multifamily owners and
investors turn to CBRE?
Knowledge.Leadership.Results.
CBRE is the global
leader in real estate
services. Each year, our company
completes thousands of successful
assignments - with clients from the
gamut of industries.
This volume creates market knowledge
that allows us to seize opportunities,
speed the business process and create
the most thorough, precisely accurate
picture of commercial real estate
conditions and trends.
Every day, we apply our insight,
experience, intelligence and resources
to help clients make informed real
estate decisions. We do not exist
without our clients - and we never lose
sight of this fact.
Our mission is to deliver superior results
Portland Multi-Housing Group
The Portland Multi-Housing Group is the market leader in providing
comprehensive transaction services to investors. With over 79 years of
combined experience, we know the multi-housing
We know the
business inside and out. We know what investors
multi-housing business
want, and we know what investors need. In a fastinside and out
paced and constantly changing industry, clients
and we strive to build
are provided with reliable market intelligence. Our
client relationships
creative thinking and ability to act quickly, combined
that endure.
with wide-reaching access to capital, a national
network of knowledgeable professionals, innovative technology and
integrated service, allows us to identify quality investment opportunities
and bring certainty of delivery to our clients.
Summary of Strength:
• Over 76 years of combined experience in multi-housing investment sales
• In excess of $600 million in executed sales over the past five years
• More than $152 million in loan originations in the Portland Metro Area
• Deep knowledge of the local market
• Fully integrated services to deliver customized solutions to each client’s needs
• Proven track record
• Part of CBRE Capital Markets (see page 4)
by: Putting the client first -- always ::
Current Assignments:
Collaborating across markets and
• Rivercrest Meadows - Just Sold
services lines :: Thinking innovatively,
• Cortland Village - Just Sold
but acting practically :: Providing a
• Axcess 15 - Just Sold
rewarding work environment.
• Willow Springs - Just Sold
• Overton/Pettygrove Site - Active
Recent Sales Transaction Summary:
2013
Transactions2
Units604
Total Consideration
$66 M
Market Share*
70%
2011
Transactions3
Units547
Total Consideration
$73.7 M
Market Share*
13%
2012
Transactions3
Units862
Total Consideration
$147.5 M
Market Share*
25%
2010
Transactions2
Units720
Total Consideration
$110.6 M
Market Share*
54%
*Market share is the team’s percentage of the total market sales volume for listed transactions over $10 million.
meet the team
our recent transactions
Willow Springs*
N. Kirk Taylor – Executive Vice President
Address:
City, State:
Submarket:
# Units:
Age:
Seller:
Buyer:
Sale Price:
Terms:
Mr. Taylor joined the Portland office of CBRE
in 1974 as an investment property specialist,
focusing on multi-housing properties. He is
a member of both the Investment PropertiesInstitutional Group and the Multi-Housing
Properties Major Accounts Group. As team
leader of the Institutional Properties team in
Portland, Mr. Taylor assures consistent delivery of
the highest quality service.
:: March 2013
4545 NE 125th Place
Portland, OR
NE Portland
226
1979
The Randall Group
Green Leaf Partners
$16,100,000
New Financing
Rivercrest Meadows*
Address:
City, State:
Submarket:
# Units:
Age:
Seller:
Buyer:
Sale Price:
Terms:
Ann Blume - Senior Associate
Ms. Blume has been with CBRE since 1983.
Following her move to the Portland office in
1990, she has worked exclusively with Kirk Taylor.
Her primary focus is on institutional properties
(100+ units). Responsibilities include financial
underwriting, market analysis, property tours,
strategic positioning and due diligence.
Cortland Village*
Address:
City, State:
Submarket:
# Units:
Age:
Seller:
Buyer:
Sale Price:
Terms:
Graham Taylor – Senior Associate
Mr. Taylor joined CBRE in 2004 and the
Portland Multi-Housing Team shortly thereafter.
Mr. Taylor is responsible for the marketing of
assets, development perspective and identifying
areas for value creation.
Axcess 15
:: January 2013
11865 SW Tualatin Rd
Tualatin, OR
Tualatin
338
1991 (R-2008)
Unico Properties
ColRich
$49,800,000
New Financing
:: November 2012
6910 NE Ronler Way
Hillsboro, OR
Hillsboro
360
1997(R-2008)
GE Advisor
Sequoia Equities
$56,050,000
New Financing
Carrie Houck – Senior Associate
Carrie Houck joined CBRE in 2011, and the
Portland team in 2013. Her responsibilities
include project analysis, preparation of marketing
materials and client presentations. Ms. Houck is
licensed in Illinois and a candidate for licensing
in Oregon.
Forest Rim*
Address:
City, State:
Submarket:
# Units:
Age:
Seller:
Buyer:
Sale Price:
Terms:
Multi-Housing Finance Specialist
Troy Tegeler – Vice Chairman
Based in the Newport Beach, California, office,
Mr. Tegeler has over 17 years of experience
specializing in multi-housing loan originations
(Debt and Equity). Since 2004, Mr. Tegeler’s
team has originated in excess of $6.2 billion,
comprising over 81,000 units. He is also a
member of the Investment Properties-Institutional
Group.
1500 NE 15th Ave
Portland, OR
CBD
202
1997
Holland Partners
Waterton Associates
$48,625,000
New Financing
:: June 2012
6765 SW Nyberg Ln
Tualatin, OR
Tualatin
300
1994 (R-2010)
GE Advisor
Gerson Bakar & Associates
$42,800,000
New Financing
Nyberg Multi-Family Site
Address:
City, State:
Submarket:
Acres:
Seller:
Buyer:
Sale Price:
Terms:
The Beverly
Address:
City, State:
Submarket:
# Units:
Retail SF:
Age:
Seller:
Buyer:
Sale Price:
Terms:
Willow Springs ::
:: March 2012
6645 SW Nyberg Ln
Tualatin, OR
Tualatin
10.95
Argonaut Investments LLC
Tandem Property Management
$4,000,000
All Cash
Address:
City, State:
# Units:
Transaction Type:
Owner:
Lender:
Loan Amount:
:: October 2011
4301 NE Sandy Blvd
Portland, OR
NE Portland
56
48,684
2009
Bank of America
Principal Real Estate Investors
$29,000,000
All Cash
Sunstone Park
Address:
City, State:
Submarket:
# Units:
Age:
Seller:
Buyer:
Sale Price:
Terms:
Heritage Green*
Address:
City, State:
Submarket:
# Units:
Age:
Seller:
Buyer:
Sale Price:
Terms:
December 2010
Address:
City, State:
Submarket:
# Units:
Age:
Seller:
Buyer:
Sale Price:
Terms:
Address:
City, State:
# Units:
Transaction Type:
Owner:
Lender:
Loan Amount:
January 2013
Address:
4900 SW Greensboro Way
City, State:
Beaverton, OR
# Units:
260
Transaction Type:
Acquisition Loan
Owner:
Kinsel Ameri Properties
Lender:
Freddie Mac
Loan Amount:
$21,375,000
:: July 2011
3100 SE 168th St
Vancouver, Washington
Vancouver
333
1993
Simpson Housing
Sequoia Equities
$30,000,000
New Financing
Cortland Village ::
Address:
City, State:
# Units:
Transaction Type:
Owner:
Lender:
Loan Amount:
Any time you utilize a CBRE professional, you gain access to
every tool you could ever need to be successful with commercial
real estate. We truly are your full service partner.
Address:
City, State:
# Units:
Transaction Type:
Owner:
Lender:
Loan Amount:
September 2012
7101 NE 109th St
Vancouver, WA
164
Refinance
Investment Development Management
Freddie Mac
$16,200,000
Timberline ::
August 2012
Address:
City, State:
# Units:
Transaction Type:
Owner:
Lender:
Loan Amount:
Forest Rim ::
14799 SW 109th Ave
Tigard, OR
130
Refinance
Kinsel Ameri Properties, Inc.
Freddie Mac
$8,880,000
June 2012
Address:
City, State:
# Units:
Transaction Type:
Owner:
Lender:
Loan Amount:
:: September 2009
20311 NW Colonnade Drive
Hillsboro, Oregon
Tanasbourne
268
1996
Advisor
Nevins Adams Lewbel Schell
$21,425,000
New Financing
6765 SW Nyberg St
Tualatin, Oregon
300
Acquisition Loan
Gerson Bakar & Associates
Fannie Mae
$25,950,000
Center Pointe ::
Address:
City, State:
# Units:
Transaction Type:
Owner:
Lender:
Loan Amount:
* Financing provided by Troy Tegeler
additional services
November 2012
6910 NE Ronler Way
Hillsboro, OR
360
Acquisition Loan
Sequoia Equities
Fannie Mae
$41,000,000
NorthGlen Villas ::
::
Ladd :: November 2010
Address:
1300 SW Park Avenue
City, State:
Portland, Oregon
Submarket:
Downtown
# Units:
332
Age:
2009
Seller:
US Bank
Buyer:
Advisor
Sale Price:
Confidential
Terms:
All cash
The Colonnade
January 2013
11865 SW Tualatin Rd
Tualatin, OR
338
Acquisition Loan
ColRich
Freddie Mac
$38,430,000
Westbury ::
3708 NE 109th Ave
Vancouver, Washington
Vancouver
388
1990
Investco Financial
Holland Partners
$31,250,000
Loan Assumption
Address:
City, State:
Submarket:
# Units:
Age:
Seller:
Buyer:
Sale Price:
Terms:
March 2013
4545 NE 125th Place
Portland, Oregon
266
Acquisition Loan
Green Leaf Partners
Freddie Mac
$11,400,000
Rivercrest Meadows ::
:: August 2011
12000 SW Pioneer Ln
Beaverton, Oregon
Murrayhill
158
1989 (R-2008)
Cornerstone Real Estate Advisors
Randall Realty
$14,700,000
New Financing
The Pointe (Orchard Pointe)
:: August 2012
Address:
City, State:
Submarket:
# Units:
Age:
Seller:
Buyer:
Sale Price:
Terms:
Troy Tegeler's local financing highlights
March 2012
15290 SW Millikan Way
Beaverton, Oregon
264
Acquisition Loan
Sequoia Equities
Fannie Mae
$25,300,000
CBRE’s comprehensive service lines include:
•
•
•
•
•
Asset Services
Brokerage
Capital Markets
CBRE Consulting
Cost Segregation
•
•
•
•
•
Debt and Equity Finance
Development and Investment
Economic Incentives
Facilities Management
Global Corporate Services
•
•
•
•
•
Government and Public Sector
Healthcare
Industrial Services
Investment Properties
Investment Management
•
•
•
•
•
Office Services
Project Management
Research and Investment Strategy
Restructuring Services
Retail Services
•
•
•
•
Risk Management
Specialty Services
Transaction Management
Valuation (Appraisal)
CBRE Capital Markets:
We have integrated
the disciplines of
investment sales and
mortgage banking
to provide the
fastest, most effective
execution on behalf
of our clients.
CBRE Capital Markets is the
leading provider of capital solutions
and investment sales for the real
estate investment community. Our
professionals can expose an investment
opportunity to the greatest network of
individual and institutional buyers, and
offer the power of leverage to diversify
the financial opportunity. CBRE Capital
Markets comprises two seamlessly
integrated groups: Investment
Properties manages the acquisition
and disposition of income producing
properties for third-party owners.
a powerful combination
Debt & Equity Finance offers
clients assistance with placement of
debt and equity for all major property
types. The combined power of CBRE
Capital Markets provides investors
with a single, fully integrated global
investment service offering.
in summary. . .
what we specialize in
Investment Properties - Institutional Group
As part of CBRE’s Institutional Group, our team serves the sophisticated needs of
major life insurance companies, real estate investment trusts, pension funds and their
advisors’ opportunity funds, equity funds and private capital. More than 50 committed
professionals in every major market in the U.S. are linked to peers worldwide and work
in concert to offer tailor-made solutions that combine on-the-ground, local intelligence
with global insight. Services offered include:
•
•
•
•
•
Acquisition and disposition representation and portfolio restructuring
Creation and execution of recapitalization strategies
Major debt and equity placement assistance
Multinational joint venture representation
Financial modeling
The Institutional Group provides innovative, leading-edge service and analytical
capabilities. We are consistently seeking new ways to leverage our global platform to
meet the needs of institutional investors.
Debt & Equity Finance
With deep, well-established relationships with the industry’s premier international
investors, including banks, pension funds, life insurance and credit companies,
conduits/CMBS entities, government sponsored entities and offshore investors, we can
offer unparalleled assistance with the placement of debt & equity finance.
The key to successful financing is an effective combination of a consultative market
perspective with innovative financing strategies. We begin with a thorough and
accurate situation analysis, followed by innovative strategy development and a focused
implementation. The result is a customized finance package that comprehensively and
creatively addresses your unique needs.
To stay one step ahead of today’s dynamic CRE investment market, the group offers
you a full gamut of financing options. These services include:
•
•
•
•
•
•
Fannie Mae DUS
Freddie Mac
FHA / HUD
Permanent Financing
Bridge Loans
Construction Financing
•
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•
•
•
•
Joint Venture Equity
Loan Sale Advisory
Loan Servicing
Mezzanine Debt
Structured Equity
Tenant-in-Common
What can
we do for
you ?
We live in an information age. But raw data
doesn’t help you form sound real estate decisions.
You need a real estate advisor who can analyze
relevant information, use it to develop creative
strategies and implement the plan.
: : N. Kirk Taylor
Executive Vice President
503.221.4823
[email protected]
Lic. in OR & ID
The Portland Multi-Housing Group group has the
insight, experience, intelligence and resources
to convert this information into smart real estate
decisions.
::
: : Graham Taylor
Senior Associate
503.221.4830
[email protected]
Lic. in OR, WA & CA
CA Lic: 01429996
So do what more multifamily owners and investors
do - turn to CBRE.
What can we do for you?
: : Carrie Houck
Senior Associate
503.221.4838
[email protected]
Lic. in IL
: : Ann Blume
Senior Associate
503.221.4829
[email protected]
Lic. in OR, WA & ID
Troy Tegeler
Vice Chairman
949.509.2114
[email protected]
CA Lic: 01215934
: : CBRE
CA Broker Lic: 00409987
1300 SW Fifth Avenue, STE 3000
Portland, OR 97201
www.cbre.com/IGPortlandMHG
APRIL 2013