4-13-18

20A — April 13 - 26, 2018 — DelMarVa — M id A tlantic

Real Estate Journal

www.marejournal.com

D el M ar V a

Firm’s hospitality group finalizes the third and final sale of three-property hotel portfolio in DC Savills Studley negotiates sale of the Beacon Hotel in District’s Golden Triangle

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Bank, George Washington University and more. The business- and family-friendly property is also within walk- ing distance of DuPont Circle and historic Georgetown, and features premier business fa- cilities, a fitness center and a

restaurant. The hotel offers a mix of spacious and comfort- able studios, deluxe rooms and suites. The new owners plan exten- sive renovations to the rooms, food and beverage offerings, and amenities. n

ley represented the seller in all three transactions. “The sales of the Beacon, St. Gregory and St. James prop- erties show the strength of the Washington, DC, market and the variety of purchasers interested in investing in this region,” said Magazine, execu- tive managing director. Located at the intersection of 17th Street and Rhode Island Ave., NW, the unique 199-room Beacon Hotel is con- veniently located near many of the nation's iconic monuments and institutions, including the White House, The World

ashington, DC — Savills Studley announced the sale

of the Beacon Hotel and Cor- porate Quarters in downtown Washington, DC, to a venture between Rockpoint Fund V Acquisitions and Three Wall Capital . Preceded by the disposition of the St. Gregory and the St. James hotels, this is the third and final sale of a three- property, 550-room portfolio. Led by Marc Magazine and Tom Baker in the hospital- ity sector of the firm’s Capital Markets group, Savills Stud-

Furst to serve as chief operating officer of Blackfin Real Estate Investors

Furst will be a senior officer responsible for debt placement, asset management, investor

Arlington, VA — Black- fin Real Estate Investors, LLC announced that Leslie Furst , previously with Kettler, Inc., will serve as the com- pany’s new COO. In this role,

relations and company op- erations. P r i o r t o joining Black- fin, Furst was seni or v i ce president of asset man- agement and

Beacon Hotel &Corporate Quarters

Integrated Settlement Services A Delaware Full-Service Title Agency Service At Its Best.

Leslie Furst

finance, as well as chief risk of- ficer, of Kettler Inc., a privately- owned real estate developer, investor and property manage- ment company. In this role, Furst was responsible for over- seeing asset management, all financing activities and lender relationships, and she was ac- tively involved in equity place- ment and investor relations. She successfully managed more than $2 billion in funds on be- half of Kettler and its partners during her 15-year tenure with the company. Prior to Kettler, Furst was a vice president in the Charles E. Smith Division of Vornado Realty Trust, as well as a managing director of Bank of America. “Leslie is a perfect fit to our senior management team,” said Doug Root , co-founder and managing partner at Blackfin Real Estate Investors. “Her extensive knowledge and dem- onstrated expertise in real estate and finance will play an integral part in Blackfin’s ongoing success, today and in the future.” Furst holds a bachelor’s de- gree in business administra- tion from George Washington University in Washington, D.C. She is an active member of Urban Land Institute, a ULI Young Leaders Mentor and CREW DC on its community service committee. Blackfin founders Doug Root and Andrew Buchanan, veter- ans of Washington-area real es- tate firms Kettler and Greystar Investment Group respectively, came together to form the real estate investment company in August 2016. n

At Integrated Settlement Services , we work with Purchasers, Ground Lessors and Lessees, Developers, Brokers and variety of Mortgage Lenders to ensure that the title to the property being transferred or loan being placed is legally valid, correctly recorded and free of problems. Integrated Settlement Services provides a complete line of commercial title insurance products and services. Our Title Officers, Title Examiners, Attorneys , and Underwriters are technologically proficient and extremely knowledgeable about local market conditions. Our Escrow Officers have the expertise to adhere to the strictest of lender instructions. We communicate clearly and consistently with all parties to the transaction, and pride ourselves on our friendly professionalism.

We have provided services to clients acquiring small commercial properties as well for the acquisition and financing of large commercial projects, including multi-state transactions.

Benjamin J. “Buddy” Berger has been a practicing real estate attorney for over 33 years. Buddy has extensive experience in the title insurance industry as a title agent for several national title insurance companies and has handled a variety of commercial transactions including mixed use projects, student housing projects, and securitized and mezzanine financing transactions.

Benjamin J. Berger, Managing Member | 302.655.1140 | bberger@bergerharris.com www.integratedsettlementservices.com

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