Real Estate Journal — Multifamily Financing — August 9 - 22, 2019 — 7A
www.marej.com
M id A tlantic
Multifamily Financing
Programhas created a pipeline of deals the company has closed on with various development partners ARCTRUST is “PAVing” the way with its new preferred equity & lending program called PAVRs
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RCTRUST Properties, a New Jersey based real estate acquisition
properties such as multi- family housing, retail, medical office, self-storage and indus- trial through preferred equity and loan investments. The programhas already created a pipeline of deals the company has closed on with various development partners. For more than 30 years, ARCTRUST and its affiliates have been responsible for the development and acquisition of more than 500 projects with an aggregate value more than $3 billion and has won numer- ous awards for its work in the real estate industry. The
company operates through- out the United States with a focus on the New York to Washington, DC to Florida corridor, tax free states, and major metropolitan areas with international airports. “The PAVR program is re- ally an extension of the way we have done business for the past 30 years” said Jason Kessler, the firm’s Chief In- vestment Officer. “We have always focused on location with intrinsic values for quali- fied owners in our real estate investments. The PAVR pro- gram was designed to help
expand our capital into a more diverse range of investment types.” Along with the PAVR pro- gram owners and developers get access to the ARCTRUST MORE program that allows developers to help expand their own pipelines while uti- lizing ARCTRUST for Money, Opportunity, Experience and Resources such as profes- sionals, forms and back office support and the experience that comes from three decades in every phase of real estate development. Adds Kessler, “PAVRs also
offer flexibility in the structure of the deal. Investments can be implemented through a combi- nation of development, acquisi- tion and financing activities.” Kessler also further highlights the benefits of ARCTRUST has a capital source by adding, “Real estate development can be a long difficult road. Devel- opers are balancing building their vision with the needs of municipalities against the con- straints of time, budgets and other events. We understand the process and the needs of developers. We are here to be a partner”.
and develop- ment firm, recently in- troduced its new “PAVR” j o i n t v e n - ture equity and lending p r o g r a m . PAVRs, an
Jason Kessler
acronym for Protected Ap- preciation Vehicles for Real Estate, is the newest in a line of successful joint venture equity and lending programs the company has made avail- able for qualified real estate developers. The PAVR program pro- vides joint venture equity or loans for various real estate Bellwether Enterprise closes $10Mloan for affordable housing community in VA STAUNTON, VA — Bell- wether Enterprise Real Estate Capital LLC (Bell- wether Enterprise) , the commercial and multifamily mortgage banking subsidiary of Enterprise Community In- vestment Inc. (Enterprise) , announced the closing of $10.1 million in financing to enable LEDIC Realty Company to purchase and renovate Willow View Townhomes, an afford- able multifamily housing com- munity in Staunton, 33 miles northwest of Charlottesville. This deal underscores Bell- wether Enterprise’s commit- ment to providing vital financ- ing for high-quality affordable housing in the Mid-Atlantic. Jon Killough , senior vice president of Bellwether En- terprise in the company’s Alabama office, arranged the loan. The financing plan in- cluded short-term tax-exempt bonds (cash collateralized) underwritten by Stifel, Nico- laus & Company , and 4% low-income housing tax credits purchased by Boston Capi- tal . The tax-exempt bonds were issued by the Staunton Redevelopment and Hous- ing Authority , and the low- income housing tax credits were allocated through the Virginia Housing Develop- ment Authority . The reha- bilitation of the property will be performed by Empire Con- struction of Knoxville, TN.
ARCTRUST
THE ARCTRUST “PAVR” PROGRAM IS ACTIVELY SEEKING SPONSORS AND JV PARTNERS: EQUITY FINANCING PROGRAM Preferred Equity & Participating Loans Multi-Familly, Retail, Industrial, Medical Deal Size $2 million to $10 million JV DEVELOPMENT Multi-Family, Retail, Industrial, Medical Up to 100% Equity Provided Firm Commitment to Purchase ACQUISITIONS Net Lease Properties Long-term leases Short-term, below market rents
REVISION HISTORY:
REVISED LOGO LETTERING, 18 JULY 2016 Logo letters changed to all same weight
Steve Maloy stevem@arctrust.com Rob Martone rmartone@arctrust.com
REVISEDTAG LINE, 12 MAY 2016
REVISED BLUE GRADIENT SPEC, 7 JAN 2016: PMS 301, 100% at dark point, 30% at light point
C a l o ri & Va n de n- E y n de n / De s ign Con s u l t a n t s Final v3.0 ARCTRUST Logo Lockups with Revised Tag Line Revised 18 July 2016
973.249.1000 • 1401 Broad St. Clifton, NJ 07013 • www.arctrust.com
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