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Encore Multi-Family, LLC Closes on New Apartment Community Encore Evans Station

Posted on: August 20, 2015 by Arpit Shah

New York Commercial Investments Opportunities

(Denver, Colorado) August 17, 2015 – Encore Multi-Family, LLC, a subsidiary of the Dallas-based Encore Enterprises, Inc., closed on the 5.83 acres of land that will set the stage for the future Encore Evans Station apartment community located in Denver, CO. The apartment community will be a 3-story, Class A, high density, garden-style, multi-family development consisting of 224 units with an attached club house.

The project is located just south of Denver’s central business district in the South Broadway submarket. It is well-located, with walkable access to nearby shopping, restaurants, and nightlife. The Evans light rail station is within a half mile (7-minute walk) from the site and provides public transportation to downtown Denver and the DTC business corridor. Construction is expected to commence in early first quarter, 2016, pre-leasing during the fourth quarter, and completion in mid 2017.

“This is Encore’s second of several planned multi-family communities in the Denver metro area,” said Brad Miller, president of Encore Multi-Family. “We are naming the community Encore Evans Station due to the site’s proximity to the Evans light rail station. The lower-density urban/suburban design will differentiate the community from other high density properties in the submarket and will include many interesting amenities including the largest pet park in the sub-market.”

Denver’s effective rent growth has topped 6% in each of the last 17 quarters including 10% annual growth in the last year, ranking it 3rd among the top markets nationally. Axiometrics reports that the annual rent growth average for the US was 4.31%.

“With Denver’s booming economy, the development of a new apartment community will fit the growing needs leisure and work commuters,” explained Bharat Sangani, chairman of Encore Enterprises. “Denver’s apartment occupancy has remained over 94% since 2011. It has increased in each of the last 20 quarters and is currently at 96%.”

ARA Newmark Managing Directors Chris Cowan and Steve O’Dell represented an undisclosed seller in the transaction.

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 multifamily development projects and acquisitions including ground-up developments, joint ventures and mixed-use turnkey developments. For more information about Encore Multi-Family, LLC, visit encorebz.wp.brainvire.dev, or call (214) 259-7000.

New York, California, Florida,
Commercial Real Estate ,Multi-Family Investing

Sangani Gets a Sit-Down with Warren Buffett

Posted on: August 20, 2015 by Arpit Shah
Sangani and Buffett Sit-Down

Cardiologist Bharat Sangani, who developed the commercial area along Sangani Boulevard in D’Iberville, can cross “do dinner with Warren Buffett” off his bucket list.

Sangani talks about what it was like to have dinner with Buffett, chairman of Berkshire Hathaway and one of the world’s wealthiest people, in the latest newsletter for Encore Enterprises, the real estate development company Sangani founded.

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Texas, New York, Florida, California,
Commercial Real Estate, Retail Investment Opportunities

Encore Multi-Family Announces Sale of Dallas Apartment Community

Posted on: August 20, 2015 by Arpit Shah

Dallas Apartments Sale, Encore Multi-Family

(Dallas, Texas) July 15, 2015 – Encore Multi-Family, LLC (EMF), a division of the Dallas-based Encore Enterprises, Inc., has announced the sale of Encore 6162, one of their newest Dallas apartment communities located in the Parkland/UT Southwestern Medical District. The 288-unit urban infill property was purchased by an Atlanta-based investment group.

“This sale was an integral part of our strategy to redeploy sale proceeds into our development pipeline and fund pre-development expenditures for future projects. This is an important part of Encore’s business strategy, and will enable the company to continue working towards its operational and financial goals and towards enhancing long-term value,” said Dr. Bharat Sangani, Chairman of Encore Enterprises, Inc. “The sleek, modern architecture combined with extraordinary amenities and well-designed floor plans promoted superior operating results and maximized value for the company and our investors,” added Brad Miller, EMF’s President.

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 multifamily development projects and acquisitions including ground-up developments, joint ventures and mixed-use turnkey developments.

About Encore Enterprises, Inc. Encore Enterprises, Inc. is a privately owned national real estate company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multifamily communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information, contact Encore Enterprises, Inc., or call (214) 259-7000.

New York, California, Mississippi, Texas,
Commercial Real Estate, Multi-Family Investment Opportunities

Mark Avis Announced as Senior Vice President of Corporate Affairs at Encore Enterprises

Posted on: May 19, 2015 by Arpit Shah

Dallas, TX (May 19, 2015) – Mark Avis has been named Senior Vice President of Corporate Affairs at Encore Enterprises, Inc. Mr. Avis is a vetted real estate professional with over 25 years of experience in finance, acquisition, development, and repositioning of assets. His responsibilities include equities, transactions, development, construction, special projects and working with Encore’s Board and providing operational support to the Division Presidents.

“Mark will bring a whole extra element to Encore that will further improve our capital relationships and help insure that each decision at Encore maintains the mission and objectives of the company,” said Patrick Barber, President and CEO of Encore Enterprises. “Mark brings an abundance of real estate knowledge and experience to the organization and we look forward to his involvement as part of the Encore team.”

Prior to joining Encore, Mr. Avis successfully sourced, closed, and developed more than $750 million in transactions, in leadership roles for both public and private real estate investment firms. He specializes in asset types including land, multi-family, residential and hospitality on a nationwide basis. He is known for his creative yet straight-forward approach to dealing with complex transactions and structuring partnerships.

About Encore Enterprises, Inc.
Encore Enterprises, Inc. is a privately owned national real estate investment company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, and commercial offices. For more information visit encorebz.wp.brainvire.dev, or call (214) 259-7000.

D CEO’s 2015 Commercial Real Estate Awards

Posted on: April 9, 2015 by Arpit Shah

Fifty-one finalists in 15 categories were honored at D CEO’s third annual Commercial Real Estate Awards program. The  sold-out event attracted industry all stars and was held at the Frontiers of Flight Museum. Associates from Encore Enterprises including Pat Barber, CEO, Mark Cypert, President of Encore Office, Paul Marin, Director of Acquisitions of Encore Office, as well as Rebecca Bowman of Encore Office. Encore Office’s Tower at Frisco Square was a finalist in the New Office Development of the Year category. To read more about the event please click here. To learn more about the Tower at Frisco Square please click here.

New York, California, Texas,
Commercial Real Estate, Retail Investment Opportunities

Encore Hospitality Hotels Win Guest Satisfaction Awards

Posted on: March 12, 2015 by Arpit Shah

2014_silverCourtyard_mobileDaphne_editedEncore Hospitality Commercial Investment

Dallas, Texas, March 12, 2015 – Encore Hospitality, LLC, a subsidiary of Dallas-based Encore Enterprises received three awards at the Marriott General Manager Meeting held in late February for its properties in Alabama and Mississippi.

Encore’s Spanish Fort Courtyard and Spanish Fort Fairfield Inn and Suites both located in Spanish Fort, Alabama received silver awards for their Guest Satisfaction scores for 2014. To achieve this prestigious honor the hotels had to rank in the top 20% of their brand with regards to the GSS Overall Satisfaction Report.

Encore’s D’Iberville Courtyard, located in D’Iberville, Mississippi received the gold award for ranking in the top 10% of all Courtyard hotels in the nation. The hotel has been highly praised across the country for its customer service, and was a recipient of the 2014 Trip Advisor Certificate of Excellence. The award celebrates hospitality excellence and is given only to establishments that consistently achieve outstanding traveler reviews on TripAdvisor.

About Encore Hospitality, LLC
Encore Hospitality, LLC is a subsidiary of Encore Enterprises, Inc., and was founded in 1999 as a fully integrated, hospitality acquisition, development and asset management company focusing on the upper mid-priced, nationally branded select-service and full-service hotel sector.

 About Encore Enterprises, Inc.
Encore Enterprises, Inc. is a privately owned national real estate investment company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, and commercial offices. For more information visit encorebz.wp.brainvire.dev, or call (214) 259-7000.

New York, California, Texas,
Commercial Real Estate, Hospitality Investment Opportunities

Encore Hospitality, LLC Buys Two Hotels in McAllen, Texas and Tampa, Florida

Posted on: February 26, 2015 by Arpit Shah

Residence Inn McAllen - McAllen, TX

(Dallas, Texas) February 26, 2015 – Encore Hospitality, LLC, a subsidiary of Encore Enterprises, Inc., has purchased a Residence Inn hotel in McAllen, Texas and a Hampton Inn hotel in the Westshore business district of Tampa, Florida. Both properties were previously owned by Encore Hospitality and sold in 2007. The hotels are expected to undergo renovations over the next 12 months.

The McAllen Residence Inn features 78 rooms and the Tampa Hampton Inn features 132 rooms. Both hotels offer attractive amenities such as an outdoor pool, a business center, free breakfast, 350-square-feet of meeting space and high speed Internet.

“We are excited to once again own these hotels and be back in these great markets,” said Glenn Pedersen, President of Encore Hospitality. “We look forward to completing the renovations so our associates can continue to proudly deliver excellent services to our guests who will soon enjoy the newly renovated hotels.”

Both hotels are in close proximity to key landmarks such as airports, shopping malls, and various entertainment venues. McAllen, Texas is noted for its recent rapid growth and the affluent Westshore business district of Tampa contributes to Florida’s strong tourism industry.

“Business and leisure travelers alike are increasingly looking for best-in-class amenities during their stays at limited service hotels,” said Bharat Sangani, Chairman of Encore Enterprises. “Hampton Inn has been nationally recognized by JD Power as one of the top limited lodging brands and Residence Inn has consistently been recognized as the best extended stay brand. Both brands have large numbers of loyal customers. Once the renovations are complete, our hotels will offer our guests the best both brands have to offer.”

Encore Hospitality plans on spending approximately $30,000 per room on renovations.

About Encore Hospitality, LLC
Encore Hospitality, LLC is a subsidiary of Encore Enterprises, Inc., and was founded in 1999 as a fully integrated, hospitality acquisition, development and asset management company focusing on the upper mid-priced, nationally branded select-service and full-service hotel sector.

About Encore Enterprises, Inc.

Encore Enterprises, Inc. is a privately owned national real estate investment company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, and commercial offices. For more information visit encorebz.wp.brainvire.dev, or call (214) 259-7000.

Frisco Square Announced as Developer of the Year at Frisco Chamber Celebration

Posted on: January 23, 2015 by Arpit Shah

frisco square press release image

Frisco, TEXAS (January 22, 2015) – Frisco businesses and several community individuals were honored on Friday, January 16 at the 31st Annual Awards Celebration hosted by the Frisco Chamber of Commerce. Over 700 attendees watched and listened as Joe Trahan, weekend sports anchor for WFAA, announced the winners for their achievements.

Frisco Square was extremely honored to have received the 2014 Developer of the Year Award. This would not have been possible without Pegasus Ablon’s 275 unit multi-family development, Ablon at Frisco Square, and the Encore Enterprises/Wolverine Interests office and retail project for Gearbox Software’s new headquarters, the Tower at Frisco Square.

Frisco Square congratulates all of the business award winners in their categories:

  • Solopreneur: Gamble Media Group
  • Micro Business: Newman Real Estate
  • Small Business: Community Impact Newspaper
  • Medium Business: Garver, LLC
  • Large Business: PGA Pro Superstore
  • Macro Business: Strasburger & Price LLC
  • Developer: Frisco Square
  • Small Nonprofit: Heritage Association of Frisco
  • Large Nonprofit: Children’s Advocacy Center of Collin County
  • Entrepreneur: Meek Industries
  • Home-Based Business: Lynne Malkoff Promotions

According to the Frisco Chamber of Commerce, applications and nominations were received from many Chamber businesses and entities and were subject to a review and judged by a cross-section of Frisco business professionals that comprised the review committee. The committee studied over 100 pages of applications as part of the selection process.

“It is a tremendous honor for Frisco Square to receive such an award on behalf the developers” said Mark Flynt, President of the Frisco Square Property Owners Association. “Frisco Square would like to congratulate all of the award winners on their achievements. It is a privilege to be a part of the Frisco community and to have the support of its citizens. We’d also like to express our appreciation to the Frisco Chamber of Commerce for putting on such a great event.“

Frisco Square is a pedestrian-friendly, urban experience that blends shopping, dining, office space, apartment living, parks and Frisco’s City Hall and library. For additional information about Frisco Square and to sign up for the weekly e-news, visit friscosquare.com.

Frisco Square Social Media, Marketing & Community Manager
Lara K Hansen
LK Photography & Social Media Services
[email protected]

Frisco, Texas, New York, California, Florida,
Commercial Real Estate, Retail Investment Opportunities

Encore Land, LLC Purchases 28.88 Acres for Development of Hillstone Estates in Midlothian, Texas

Posted on: January 9, 2015 by Arpit Shah

hillstone estates sample banner

(Dallas, Texas) January 9, 2015 – Encore Land, LLC, a division of the Dallas-based Encore Enterprises, Inc., has purchased 28.88 acres of land for the development of Hillstone Estates, located just south of the intersection of FM 663 and Ashford Lane, in the City of Midlothian, Texas.

The project will bring 78 new homes to the Midlothian community. Two homebuilders have committed to build in the project, Dunhill Homes (www.dunhillhomes.com) and Endeavor Wall Homes, (www.wall.com). Home prices are expected to start from the low $200,000s.

“Midlothian is a rapidly growing community and there is an exceeding need for quality single family residential housing,” said Developer Steve Donosky, President of Encore Land. “Due to high demand for houses in the highly desired Midlothian School District, we are projecting Hillstone Estates to sell out within eighteen months from initial lot delivery.”

Encore Land is scheduled to begin construction in early 2015.

“We anticipate that lots will be delivered to the builder in the late summer of 2015,” said Bharat Sangani, Chairman of Encore Enterprises. “This will allow both homebuilders to begin construction for home delivery during the 2015 summer selling season.”

Hillstone Estates is located just 30 minutes southwest of Downtown Dallas. Midlothian has a small-town feel with the amenities one finds in larger communities, providing the perfect combination for suburban dwellers seeking a small-town lifestyle, less traffic and lower property taxes.

Matthew Bilardi of Transwestern Commercial Services handled the sale of the property.

About Encore Enterprises, Inc.       
Encore Enterprises, Inc. is a privately owned national real estate company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information about Encore Enterprises, Inc., visit encorebz.wp.brainvire.dev , or call (214) 259-7000.

About Encore Land, LLC.    
Encore Land, LLC is a land investment company focused on identifying and acquiring strategic land parcels in unique locations for master planning and entitlement of commercial and residential developments. Encore Land is the newest subsidiary of Encore Enterprises and provides a strategic area of focus to newly emerging markets with long-term growth potential. For more information about Encore Land, LLC., visit encorebz.wp.brainvire.dev, or call (214) 259-7000.

Encore Land Begins New Residential Development in Waxahachie

Posted on: November 20, 2014 by Arpit Shah

Waxahachie Residential Development

Developer takes extra measures to preserve city’s historic charm.

(Dallas, Texas) November 20, 2014 – Encore Land, a division of the Dallas-based Encore Enterprises, Inc., has purchased 43.5 acres of land for the development of Aday Estates, located one mile west of I-35E on FM 66 in Waxahachie, Texas. Prior to the start of construction the company plans to move a historic building located on site. The seller of the property was Mr. and Mrs. Don Walker of Waxahachie. Gary Giles of Giles Real Estate handled the sale and Matt Bilardi of Transwestern Commercial Services represented the builder. The project will bring 36 new one-acre estate lots to the Waxahachie community.

“Waxahachie is the rapidly growing county seat for Ellis County and with the opening of the new Baylor Scott and White Hospital, there is an exceeding need for quality single family residential housing in the area,” said Developer Steve Donosky, President of Encore Land. “Due to high demand for houses in the Waxahachie School District, we are projecting Aday Estates to sell out within twenty-four months from initial lot delivery.”

Lillian Custom Homes has committed to build homes in the project. Encore Land is scheduled to begin construction on the subdivision in early 2015. Homes will be available in the summer of 2015, just in time for the new school year.

“The North Texas area continues to experience high demand for new single family homes,” said Bharat Sangani, Chairman of Encore Enterprises. “Aday Estates will assist in alleviating some of this problem by offering affordable homes in a great school district starting from the low $200,000s.”

Currently situated on the land for the development is the Aday Homeplace, one of the oldest farmhouses in Ellis County, dating back to the late 1800s.

“One of our objectives as developers is to preserve historic buildings located on the properties that we purchase for new projects whenever possible. The home is vintage Queen Anne Victorian architecture that we estimate was built over 100 years ago,” Donosky said.

Encore Land has reached an agreement with 360grassroots, a non-profit that focuses on economic revitalization through historic architecture. The organization, founded by Stephen and Bridgette Hawks of Midlothian, will be moving the home for the original heirs of the Aday homestead property where it will be renovated and preserved prior to the start of construction of the subdivision.

About Encore Land, LLC.
Encore Land, LLC is a land investment company focused on identifying and acquiring strategic land parcels in unique locations for master planning and entitlement of commercial and residential developments. Encore Land provides a strategic area of focus to newly emerging markets with long-term growth potential. For more information, visit https://www.encore.bz/ or call (214) 259-7000.

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