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FOR IMMEDIATE RELEASE
(Corpus Christi, Texas) January 4 – Encore Multi-Family, LLC announces the completion of construction and successful initial leasing of Encore Crossings in Corpus Christi, Texas. Encore Crossings is a ground-up development that began construction in late 2009. The leasing office opened in mid-August and has already reached the 50 percent leased milestone at proforma rental rates.

Encore Crossings is a Class A apartment community located at 2133 Nodding Pines Drive, adjacent to the popular Corpus Christi Athletic Club approximately one-half mile south of South Padre Island Drive (SPID) and the La Palmera Mall. As Corpus Christi’s newest multi-family community, Encore Crossings offers upgraded amenities for a complete apartment living lifestyle including a partnership with the Corpus Christi Athletic Club to offer residents discounted membership rates for health facilities and wellness programs.

“Encore Crossings is the newest luxury apartment community in the Corpus Christi metropolitan area, and offers a wide array of lifestyle amenities and floor plan options for prospective residents,” said Brad Miller, President of Encore Multi-Family, LLC. “We believe Encore Crossings is raising the standard for what residents can expect from a modern apartment community in Corpus Christi.”

Property Information
Website: encorecrossings.com | Units: 200 units | Proforma Rates: 1BR/1BA – $840, 2BR/2BA – $1,040

Community Amenities: Controlled access, resort style pool with aquatic lounge, outdoor kitchen, fitness center, clubroom, cyber café and media lounge, conference room and adjacent, direct linkage to the popular Corpus Christi Athletic Club.

Unit Amenities: Full size washers and dryers, designer cabinets and countertops, upgraded appliances including side-by-side refrigerators, wood style flooring, crown molding, ceiling fans throughout and walk-in closets.

About Encore Multi-Family, LLC: Encore Multi-Family, LLC is a subsidiary of Encore Enterprises, Inc., and was founded in 2008 as a fully integrated multi-family developer, owner and operator. The company is involved in all aspects of multi-family development projects and acquisitions including, ground-up developments, joint ventures and mixed use turnkey developments. For more information about Encore Multi-Family, LLC, visit encore.bz or call (214) 259-7031.

DALLAS – July 7, 2010 – Michael Richardson has been named Chief Operating Officer of Encore Equities, a subsidiary of Dallas-based Encore Enterprises, Inc. In this newly created role, Richardson will focus on the broker/dealer and EB-5 capital channels as Encore continues its next stage of growth. Richardson brings 25 years of financial services industry experience to Encore, specializing in real estate capital markets and structured finance.

Prior to joining Encore Equities, Richardson was partner and CEO of Luminus Interests, a Dallas-based real estate firm focusing on the turnkey development of ambulatory surgery centers (ASC’s).  Luminus developed ASC operations in Las Vegas, Scottsdale, and recently completed and sold an ASC in the Dallas/Fort Worth market, along with its partner Veritas Medical.

Prior to his tenure at  Luminus, Richardson was a partner and Chief Operating Officer with Rainier Capital Management, a Dallas-based real estate investment banking firm, where he helped to close over $450 million of transactions and as many as two dozen investment offerings.  Richardson also served as a finance specialist for The Stone Companies, working with its $150 million private equity fund, which was part of a $3 billion asset base.

Richardson holds a Bachelor’s of Business Administration degree in Finance from Texas Tech University.

About Encore Enterprises
Encore Enterprises, Inc. is a diversified commercial real estate firm with a unique blend of expertise, innovation and efficiency in acquisition, investment, asset management, property management, leasing and development. Founded in 1999, Encore acquires, develops and re-develops mixed use complexes, limited and full service hotels, multi-family projects, retail projects, and manages hotel and luxury vacation condominium resort properties and homeowner associations. Since its inception, Encore has completed over $1 billion of acquisition and development, with a focus on the southern, eastern and Midwestern United States. For more information, please visit encorebz.wp.brainvire.dev.

(DALLAS, TX and D’IBERVILLE, MS) May 10, 2010 – Encore Hospitality has announced the opening of its new 125-room D’Iberville Courtyard® by Marriott® hotel. Located in the heart of the fast-growing Gulf Opportunity Zone (GO Zone) created to stimulate economic development post Hurricane Katrina, the new property is ideally situated within Encore’s 150-acre master planned, mixed-use Lakeview Village, and other entertainment attractions for both leisure and business travelers. Encore Hospitality is a subsidiary of Encore Enterprises, a private real estate acquisition, development and management company.

Owned and managed by Encore, the five-story D’Iberville Courtyard by Marriott is the 790th Courtyard hotel in the brand and the 3,373rd hotel in the Marriott family. The property includes a redesigned bistro lobby with a restaurant serving breakfast and dinner, a lounge, bar, indoor pool and spa, exercise room and business center. It also includes Marriott’s latest open, bright, and contemporary lobby design and furniture, fixtures, and equipment package in the guestrooms.

“With more than a decade of experience investing in and developing projects in D’Iberville, we are excited to announce another first-class development and addition to our Lakeview Village retail center,” said Dr. Bharat Sangani, chairman and co-founder of Encore Enterprises. “As the fast-growing gateway to Biloxi, D’Iberville is ideally situated in the I-10 corridor and a convenient stop for visitors traveling east and west. It has been rewarding to see all of the growth and investment taking place in D’Iberville over the last several years and we look forward to continued growth in the future.”

The new hotel is located off of Interstate 10, with a newly approved and expanded five-lane Sangani Boulevard to make the area more accessible to business and leisure travelers. The D’Iberville Courtyard by Marriott is managed by Pineapple Management Services, also a subsidiary of Encore Enterprises, and an award-winning hotel management company with properties throughout the southeastern United States.

“D’Iberville is a high-growth area and a great location for our new D’Iberville Courtyard by Marriott property,” said Glenn Pedersen, president of Encore Hospitality. “We are excited to be a part of the economic revitalization in the Gulfport-Biloxi metropolitan area. And our guests will enjoy easy access to the many nearby entertainment and lifestyle destinations, making it a natural fit for our newest hotel.”

About Courtyard by Marriott
Courtyard® by Marriott® is a brand of Marriott International hotels that is geared towards business travelers who want quality service at affordable prices. Rooms are equipped with large desks, couches, free high speed internet, and a complimentary continental breakfast. Other features include full-service restaurants,  24-hour mini mart called “The Market,” an atrium lounge, spacious meeting room, indoor pool and spa, exercise room, business center and restaurant bar. For more information about Courtyard by Marriott hotels, please call 1-888-236-2427 or visit online.

About Encore Hospitality
A subsidiary of Encore Enterprises, Inc., Encore Hospitality is a private real estate acquisition, development and management company focusing on the upper mid-priced, branded select-service and full-service hotel sector. With one of the most seasoned management teams in the industry, Encore Hospitality continues to grow while upholding the high standards of its founders and superior customer service. For more information, visit encore.bz.

About Pineapple Management Services
Pineapple Management Services, Inc. is a nationally recognized, award-winning hotel management company with properties throughout the southeastern United States. The company’s portfolio includes Marriott and Hilton national brands, including Fairfield Inn & Suites®, Courtyard by Marriott® and Hampton Inn®, as well as Radisson® Hotels & Resorts. Their team of professional managers is responsible for all phases of hotel operations. Each member of the team is a seasoned professional with a specific area of expertise and involvement in more than 200 hotel openings. Pineapple Management Services is dedicated to continually investing in our team and our properties so that we can offer only the best hotel management services. For more information, visit online.

Contact:
Alex Fencl, MWW Group for Encore Enterprises, [email protected], 214-414-3330 (direct)
Matt Averitt, MWW Group for Encore Enterprises, [email protected], 214-414-3318 (direct)

DALLAS – April 12, 2010 – Mark Cypert has been named Senior Vice President of Institutional Equities for Dallas-based Encore Enterprises, Inc. In this role, Cypert focuses on raising institutional investor equity and managing Encore’s research and underwriting program to help identify projects meeting Encore’s commercial real estate investment criteria in the retail, multifamily and hospitality sectors.

Prior to joining Encore, Cypert served as Managing Director and Principal of Cawley Partners where he managed the firm’s commercial real estate investment funds. Cypert also previously held positions at CRT Properties, a NYSE-listed office REIT, where as Senior Vice President, he led the firm’s Southwest and Mid-Atlantic Divisions. For Thomas Properties Group, Cypert served as Vice President and Investment Officer responsible for the company’s acquisitions efforts and as Director of Asset Management for UBS Realty Investors.

Cypert is a graduate of Texas Tech University with a degree in Construction Engineering Technology. He has the CCIM and RPA designations and is a Senior Instructor for the Commercial Investment Real Estate Institute.

About Encore Enterprises, Inc. Encore Enterprises, Inc. is a diversified commercial real estate firm with a unique blend of expertise, innovation and efficiency in acquisition, investment, asset management, property management, leasing and development. Founded in 1999, Encore acquires, develops and re-develops mixed use complexes, limited and full service hotels, multi-family projects, retail projects, and manages hotel and luxury vacation condominium resort properties and homeowner associations. Since its inception, Encore has completed over $1 billion of acquisition and development, with a focus on the Southern, Eastern and Midwestern United States. For more information, please visit encorebz.wp.brainvire.dev

Contact: Alex Fencl, MWW Group for Encore Enterprises, [email protected], 214-414-3330 (direct)

DALLAS – March 22, 2010 – Daniel Underwood has been named Senior Property Manager of Encore Retail, LLC.  In this role, Underwood will oversee the day-to-day Property Management Services function of monitoring the physical operation and condition of each property, coordination of tenant improvements, collection of revenue, expense control and financial reporting for the existing and new retail assets, including results-based management of lease-up processes, tenant retention and additional value-added marketing strategies. Encore Retail is a subsidiary of Dallas-based Encore Enterprises, a leading full-service real estate acquisition, development and management company focused on the retail, hospitality and multi-family sectors.

Prior to joining Encore Retail, Underwood served as Senior Property Manager for Emerson’s Commercial Management where he managed more than 3 million square feet of retail and industrial property portfolios. During his tenure, he also directed management and staff operations including financials, reporting, tenant development and owner interaction.

Underwood’s commercial real estate career also includes nine years as a property manager with Sealy & Company, Inc., Lincoln Property Company and Cencor Realty Services. He also served as a vice president with Principal Management Group and as district manager for Barron Builders and Management.

Underwood has a Bachelor’s Degree in business administration from Arkansas College.

About Encore Retail, LLC Encore Retail, LLC is a privately held real estate development firm in the retail, neighborhood and community shopping center sectors.  Encore Retail acquires and develops high-grade properties from the ground up in primary and growing primary and secondary markets, adding value to each individual property and the community in which it is located. Encore Retail is a subsidiary of Dallas-based Encore Enterprises which develops and re-develops mixed use complexes, limited and full service hotels, multi-family projects retail projects and manages hotel and luxury vacation condominium resort properties.  For more information please visit encorebz.wp.brainvire.dev.

DALLAS – Feb. 22, 2010 –Michael Nelson has been named Vice President and Director of Leasing for Encore Retail, LLC, a subsidiary of Dallas based Encore Enterprises, Inc. Nelson will be responsible for all leasing transactions nationwide, and an integral part of acquisition, development or re-development opportunities the firm pursues. Nelson has over 25 years of multi-market experience in retail, office, medical and industrial assets.

Prior to joining Encore Retail, Nelson was the managing director for RM Crowe where he sourced new leasing and management assignments, and focused on real estate solutions for national and international investors in the Southwest region. Prior to assuming leadership of this new division, Nelson was the Chief Operating Officer of RM Crowe for five years where he was responsible for all aspects of operations, leasing, construction, client/lender relationships and investment research for 5.3 million square feet of commercial property across a multi-state region.

Nelson’s commercial real estate career also includes service as Senior Vice President for the Southwest region for PM Realty Group, Regional Portfolio Manager in charge of the Houston Portfolio for Cushman & Wakefield and Property Manager for Hines Interests Limited Partnership in their retail/mixed-use division.

Nelson has a Bachelor of Science degree from Oregon State University, a Texas real estate license and is a member of the International Council of Shopping Centers.

About Encore Retail, LLC
Founded in 1991, Encore Retail, LLC is a privately held real estate development firm in the retail neighborhood and community shopping center sectors. Encore Retail acquires and develops high-grade properties from the ground up in primary and growing primary and secondary markets, adding value to each individual property and the community in which it is located. Encore Retail is a subsidiary of Dallas-based Encore Enterprises which develops and re-develops mixed use complexes, limited and full service hotels, multi-family projects retail projects and manages hotel and luxury vacation condominium resort properties. For more information please visit encorebz.wp.brainvire.dev.

Contact:
Alex Fencl, MWW Group for Encore Enterprises, [email protected], 214-414-3330 (direct)

Deerfield Twp. – Five Guys Burgers and Fries plans to invest about $400,000 to open a store at 9540 Mason-Montgomery Road by late April. The restaurant will be in the former Metro Bagels location.

Joe Carroll, a partner in the Orlando, Fla.-based franchise group that operates Five Guys locally, said the Deerfield location has great visibility.

“It was a market we always targeted and we grabbed the space when it became available,” Carroll says.

He said the location will create between 45 and 50 new jobs and seat about 90 people.

Carroll’s group also operates Five Guys in Clifton Heights, Crescent Springs, West Chester and Norwood.

(Dallas, TX) March 1, 2010 – Brad Miller has been named president of Encore Multi-Family, a subsidiary of Dallas-based Encore Enterprises, Inc. With over three decades of experience in real estate investment and development involving over 20,000 apartment units, Miller brings to Encore deep, multiple market expertise in investment analysis, distressed asset acquisition, fee management, and complex land entitlements.

Prior to joining Encore Multi-Family, Miller served as a national partner with Fore Property Company in Dallas where he oversaw development activities in multiple markets in the Southeastern, Western and Southwestern United States. In addition, Miller was responsible for developing the first-ever LEED certified apartment community in North Texas.

Miller also served as managing director/partner of investments for Olympus Real Estate Partners, former affiliate and real estate investment arm of Hicks, Muse, Tate & Furst with over $6 billion invested in various types of real estate and operating companies. Additional multi-family real estate experience was gained in leadership positions with Archstone Smith, the second-largest apartment REIT in the United States, and as a 17 year partner with Lincoln Property Company.

Miller is a graduate of Texas Christian University with a BBA in Accounting. He is also a certified public accountant in Texas and a certified Class A general contractor in Florida.

About Encore Multi-Family
Encore Multi-Family, LLC is a full-scale, multi-family developer with a concentration on the southwestern and southeastern regions of the United States. With expertise in all areas of multi-family developments and acquisitions, Encore Multi-Family specializes in ground-up developments, acquisitions, joint ventures, mixed-use, turnkey developments, HUD 221 (d4) financing, and conventional financing. Led by one of the most seasoned management teams in the industry, Encore Multi-Family’s leadership has more than 70 years of collective experience. Encore Multi-Family is a subsidiary of Encore Enterprises and upholds its key mission to deliver expert investment analysis, operational excellence and a commitment to continuous innovation in real estate acquisition.

Contact: Alex Fencl, MWW Group for Encore Enterprises, 214-414-3330, [email protected]

DALLAS and CINCINNATI – February 17, 2010 – Encore Retail has announced the acquisition of the 360,000-square-foot, Cincinnati-area Governor’s Point retail complex located directly off of Interstate 71, with easy access to Columbus. Encore Retail is a subsidiary of Encore Enterprises, a leading full-service real estate acquisition, development and management company focused on the retail, hospitality and multi-family sectors.

Developed in 1998 by Duke Realty Corporation, the complex consists of Governor’s Point North, a 161,061-square-foot center anchored by a 128,747-square-foot Lowe’s and the 198,940-square-foot Governor’s Point South, anchored by a 157,791-square-foot Bigg’s Supervalu supermarket. The two anchor tenants are joined together by a 24,049-square-foot Staples office supply center, as well as a Chipotle, Mattress Warehouse, UPS and T-Mobile.

“We are pleased to close on the Governor’s Point retail complex, which we expect to be one of the many announcements from our retail division in the coming year,” said Dr. Bharat Sangani, chairman of Encore Enterprises. “The retail market segment represents a compelling area of new growth for our company and our acquisition of Governor’s Point is representative of other opportunities we are evaluating around the country.”

The prime location of Governor’s Point at the intersection of I-71 and Mason-Montgomery Rd. is near one of Greater Cincinnati’s top marketplaces and near a number of global corporate headquarters, including Proctor & Gamble, Cintas and LensCrafters.

“The Governor’s Point acquisition is an important strategic addition to our growing portfolio of properties throughout the country,” said Nic Barber, president of Encore Retail. “The development greatly benefits from the high concentration of daytime population from nearby major corporations, as well as close access to housing developments in Greene, Warren, Clinton, Hamilton and Clermont counties.”

The acquisition is a joint venture between the Encore Opportunity Fund, a $150 million equity fund that was raised last year with its co-investment partner, Encore Equities, another subsidiary of Encore Enterprises.

“Encore brings a very disciplined approach to our investments – we seek out high-quality investments with a lower potential for downside by cultivating investor and partner relationships,” said Donna Arp, president of Encore Equities. “Given the area demographics and solid tenant base, the Governor’s Point acquisition was especially appealing to our investors.”

About Encore Retail, LLC
Encore Retail, LLC is a privately held commercial real estate company focused on the acquisition, ownership, development, redevelopment, and asset management of retail shopping centers initially focused on the Southeastern region of the United States.  The Company intends to capitalize on its sophisticated and knowledgeable management team consisting of professionals with substantial real estate experience within and outside of the retail sector.  The Company’s strategy is to tactically acquire, develop, and redevelop retail shopping centers providing attractive unleveraged yields.

Contact: Alex Fencl, MWW Group for Encore Enterprises, [email protected], 214-414-3330 (direct) Matt Averitt, MWW Group for Encore Enterprises, [email protected], 214-414-3318 (direct)