Category : News

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.

Encore Office Adds Denver, Colorado Property to Portfolio

Posted on: November 18, 2014 by Arpit Shah

Denver, Colorado Property

(Dallas, Texas) November 18, 2014 – Encore Office, LLC a division of the Dallas-based Encore Enterprises, Inc., has closed on a 2-story, 136,954 square foot office building in Centennial, Colorado, a suburb of Denver. The building, located at 6901 South Havana Street, was purchased as part of a joint venture with Middleton Partners and sold by Dividend Capital.

“Our office portfolio has grown substantially this year,” said Mark Cypert, President of Encore Office. “With the purchase and scheduled renovation of 6901 South Havana, we will be ending the fourth quarter in a strong position.”

The building will undergo extensive renovations to both the interior and exterior of the property. Updates will begin first quarter 2015, and include parking surface improvements, a new building entry, interior modernization, increased signage and enhanced landscaping.

“6901 South Havana offers one of the largest contiguous blocks of office space in Denver’s strong Southeast Suburban submarket,” said Bharat Sangani, Chairman of Encore Enterprises. “The property currently features abundant parking, large floor plates, multi-functional meeting rooms, a full-service cafeteria, and a variety of recreational amenities. The property’s premier location coupled with its fantastic amenities really make it stand out, and we are certain this will translate into new leases.”

The 18-acre site is large enough to also accommodate potential additional developments in the future, and has the ability to park up to a 7.5/1000 parking ratio.

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, contact Encore Enterprises, Inc., or call (214) 259-7000. 

About Encore Office, LLC.
Encore Office, LLC is a privately held commercial real estate company focused on the acquisition, ownership, redevelopment and asset management of class “A” commercial office buildings across the United States. For more information, contact Encore Office, LLC., or call (214) 259-7000.

Multifamily Investments in California

Posted on: October 29, 2014 by Arpit Shah

Multifamily Investments in California

Cities in California are currently seeing growth in population.

California has many multifamily developments and properties underway, particularly in key cities that demonstrate ample growth such as San Francisco, San Jose, Los Angeles, Sacramento, and San Diego 1. Thus, wealth management firms and private investors have the potential opportunity to invest in some of these current multifamily projects throughout California.

According to the California Department of State, the aforementioned cities are currently experiencing population growth and thus could become ideal locations for more future developments within the multifamily investment sector. Dublin, California, a suburb of San Francisco, is an epitome of the rapid growth of cities in California2. Additionally, the Bay Area is overall the fastest growing region in California – particularly San Jose, which now boasts a population of over 1 million3.

Encore Enterprises understands the need for multifamily housing and the potential investment opportunities for private investors and wealth management groups. Bill Schooling, the Chief Demographer for the California Department of Finance, noted, “the growth is continuing in an upward trend.4”

National Real Estate Investor estimates that while San Diego, Orange County, San Jose, San Francisco, and Oakland have delivered a cumulative total of 24,900 new units in 2014, this has not been enough to meet the demand for multi-family housing5. Additionally, the demand has overall remained strong, and vacancy rates have been very low across much of California, especially San Diego County, Los Angeles, Orange County, and the Inland Empire6.

Multifamily Investments in California

Multi-family investment opportunities are available to qualified EB-5, high-net-worth, and institutional investors through Encore Enterprises’ capital groups. To learn more, please visit encorebz.wp.brainvire.dev/investor-relations.

New York, California, Texas,
Commercial Property Investment, Retail Investment Opportunities

Encore Retail, LLC Closes on Marketplace at Craig Ranch

Posted on: October 16, 2014 by Arpit Shah

Marketplace at Craig Ranch

(Dallas, Texas) October 16, 2014 – Encore Retail, LLC, a subsidiary of Dallas-based Encore Enterprises, Inc., acquired land to develop a 20-acre Class A neighborhood retail development in the master planned community of Craig Ranch, a 2,200 acre master-planned business, retail, and residential community. The development will be located at the city limit lines of McKinney and Frisco, Texas, at the northeast intersection of Custer and Stacy Roads.

The project will be known as Marketplace at Craig Ranch and will be anchored by a grocer with inline retail space, as well as five outparcel pad sites along Custer and Stacy Roads.

“We are excited about Marketplace at Craig Ranch and look forward to adding it to our retail portfolio. With the excellent access, quality of the design, and strong trade area, the development will appeal to a wide array of retailers looking to expand into the growing submarket,” said Nicholas Barber, President of Encore Retail.

McKinney, Texas was ranked as the number one best place to live in America and is ranked as one of the fastest growing communities in the United States according to Money Magazine. The award-winning Craig Ranch is a high profile, regional point of destination, with its open space and ambiance serving as a natural setting for outdoor concerts, water-inspired events, art fairs, and exhibits.

“North Texas is rapidly growing and McKinney is positioned in the center of that growth,” said Bharat Sangani, Chairman of Encore Enterprises. “We are proud to be providing Craig Ranch with a first-class neighborhood shopping center.”

The project is already experiencing strong interest from regional and national retailers.

About Encore Retail, LLC
Encore Retail, LLC is a privately held commercial real estate company focused on the acquisition, ownership, development, redevelopment and management of retail shopping centers throughout the United States. For more information, visit Encore Retail, LLC or call (214) 259-7000.

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, commercial offices, and public-private mixed use developments. For more information, visit Encore Enterprises, Inc. or call (214) 259-7000.

New York, California, Texas,
Retail Property Investment, Retail Investment Opportunities

Encore Hospitality Purchases 154-Room DoubleTree Suites by Hilton, Plans $6+ Million Renovation

Posted on: October 2, 2014 by Arpit Shah

atlanta doubletree small

(Atlanta, Georgia) October 2, 2014 – Encore Hospitality, a subsidiary of Dallas-based commercial real estate investment firm, Encore Enterprises, Inc., has purchased a 154-room DoubleTree Suites by Hilton hotel in Atlanta, Georgia. The hotel is located immediately adjacent to SunTrust Park, the new Atlanta Braves baseball stadium, which is slated for completion in 2017.

“We are excited to be back owning and managing hotels in Atlanta,” said Glenn Pedersen, President of Encore Hospitality. “We look forward to investing millions of dollars into the hotel so as to properly position it in the market and compete with all the hotels that have recently undergone a renovation.”

Encore plans on investing upwards of six million dollars into the remodel, including a state of the art lobby which will feature a multi-story water feature and a sports lounge.

“SunTrust Park and the Braves are anticipated to draw large crowds, and we are positioned to serve the community when this need arises,” said Bharat Sangani, Chairman of Encore Enterprises.

The deal was brokered by Hodges Ward Elliott out of Atlanta, Georgia and purchased from Inland Hospitality of Palm Beach, Florida.

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. For more information, visit Encore Hospitality, LLC or call (214) 259-7000.

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, commercial offices, and public-private mixed use developments. For more information, visit Encore Enterprises, Inc. or call (214) 259-7000.

New York, California, Texas,
Retail Property Investment, Retail Investment Opportunities

Encore Sponsors 2014 EFNT Spirit of Entrepreneurship Event

Posted on: May 23, 2014 by Arpit Shah

The Annual EFNT Spirit of Entrepreneurship event serves as a celebration of the hard work and dedication of good corporate citizens and the meaningful change they bring to society. Nearly 250 people were in attendance to help celebrate Mr. Rees-Jones’ induction into the esteemed Ring of Entrepreneurs. Encore Wealth Management’s Sharla Hibberd served on the steering team for this special event and Encore was a gold sponsor.

EFNT, Natalie Beck
Natalie Beck
EFNT, Sharla Hibberd
Sharla Hibberd
EFNT: (Left) Mahesh Shetty, (Center) Trevor Rees-Jones, and (Right) Brenda Grogan
Mahesh Shetty, left
Trevor Rees-Jones, center
and Brenda Grogan, right
EFNT, The 2014 Spirit Steering Committee
The 2014 Spirit Steering Committee including Encore’s Sejal Desai and Sharla Hibberd.
EFNT, Sejal Desai
Sejal Desai

Hotels Seek LEED Certification to Cut Costs and Help the Environment

Posted on: December 26, 2013 by Arpit Shah

The U.S. Green Building Council (USGBC) recently rolled out its latest Leadership in Environmental Design (LEED) standards for hotel certification, which included specific guidelines for hotels and other businesses in the hospitality industry. The LEED system for design, construction, operation, and maintenance of buildings promotes environmental responsibility during the building process and sustainable habits during operations.

Introduced in 1998, the LEED rating system has taken the drastic changes in environmentally friendly construction into consideration. Marriot International currently has 13 LEED-certified hotels. The USGBC gives out platinum, gold, and silver ratings beyond basic LEED certification. Only three hotels have earned a LEED platinum rating. Hotels can save money and boost their brand by complying with these green guidelines.

LEED Principles

The LEED rating system is broken down into various sustainable categories. Hotels can earn points by building on sustainable sites that minimize impact on the ecosystem. USGBC also offers credit for using sustainable building materials and reducing waste during the building process. Once a hotel is up, it’s use of water contributes to the LEED rating. Low-flow faucets and showers are examples of efficient water consumption. Lastly, LEED awards points for sustainable energy consumption. Energy companies can come alongside these building operations to create a plan for sustainability. Hotels that value and conserve electricity are more likely to get a high rating. Hotels have a chance to go green in all these categories.

LEED v4

The latest LEED specifications offer a new suite of tools designed to speed up the certification process. “For LEED 2009 there are about 1,000 versions of forms,” USGBC director Corey Enck told Hotelnewsresource.com. “For LEED v4 there are about 200.” The new LEED specifications also eliminate the light pollution credit for hotels. LEED guidelines indicate the commercial properties should have shading in the windows to prevent light from pouring out. In a hotel, however, guests control whether or not these shades are in use, so it doesn’t make sense to penalize owners. Along with LEED v4, USGBC.org offers a number of new resources for businesses seeking certification, whether they’re getting ready to build or looking to make an existing property more sustainable.

Platinum Hotel Certification

Earning the USGBC’s highest LEED rating is no easy task. Only two hotels in the United States are certified LEED platinum. Bardessono, a hotel and spa in Yountville, CA, uses low-e glass, automatically controlled thermostats and overhangs to reduce energy costs. Owners Steve and Pat Bardessono built their hotel with stone from an existing building. Not only did this give Bardessono a classic look, it also saved material. North Carolina’s Proximity Hotel was the first LEED platinum certified hotel. Proximity features 100 solar rooftop panels that heat water for the hotel. A number of water conservation advancements saved Proximity two million gallons of water in $13,000 in the first year of their installation. During construction, Proximity also recycled 87 percent of its construction debris.

Hotels can look to these two top performers for inspiration. LEED certification is a valuable badge to advertise, and it can save hotels money.

Encore Global Investment Management, LLC Announces Southern California Regional Center

Posted on: July 31, 2013 by Arpit Shah

(Dallas, Texas) July 31, 2013 – Encore Global Investment Management, LLC, (Encore Global) a division of the Dallas-based Encore Enterprises, Inc., plans to develop multiple real estate projects in the Southern California area as part of its EB-5 Regional Center program.

The EB-5 Program was created by the United States Citizenship and Immigration Service (USCIS) in 1990 to provide qualified foreign individuals with an opportunity to achieve permanent U.S. residency status by investing $500,000 or $1,000,000 in a business that will benefit the U.S. economy and create at least 10 full-time qualified jobs. In exchange for this investment, the investor may obtain an EB-5 Visa, providing permanent residency status for the investor, his or her spouse, and unmarried children under 21 years of age. Encore Global has been organized to attract foreign capital through the EB-5 program, with the intention of developing multiple new commercial enterprises and job creating entities located in one or more of the seven counties within the Southern California region.

Encore Global will develop, construct, operate and manage commercial real estate projects in the counties of Los Angeles, Orange, Kern, San Diego, San Bernardino, Santa Barbara, and Ventura. These projects include office buildings, neighborhood shopping centers, hotels, multi-family residential properties, healthcare facilities, and entertainment/recreation facilities.

“The EB-5 Program has played an important role in alternative forms of financing for commercial real estate projects. Encore Global’s Southern California Regional Center is a USCIS approved regional center that provides EB-5 investor visas to qualified foreign investors,” said Bharat Sangani, Chairman of Encore Enterprises. “Encore Global will link foreign investors with reputable project stakeholders to promote regional job growth and build stronger urban communities in Southern California.”

About Encore Global Investment Management, LLC

Encore Global Investment Management, LLC was created to provide an EB-5 investment vehicle for qualified foreigners seeking to obtain permanent residency status in the United States.  Encore’s legal and finance professionals deliver full-service support for its foreign investors to guide them through the entire immigration process.  Encore Global owns and operates USCIS approved Regional Centers in Texas, Southern California, North Carolina,Tennessee, Maryland, Virginia and Washington, D.C. – with a focus on developing and/or funding commercial real estate projects related to retail, hospitality, multi-family, office and healthcare facilities.

Encore Global Investment Management, LLC Announces Washington, D.C. Regional Center

Posted on: July 30, 2013 by Arpit Shah

(Dallas, Texas) July 30, 2013 – Encore Global Investment Management, LLC, (Encore Global) a division of the Dallas-based Encore Enterprises, Inc., plans to develop multiple real estate projects in the Washington, D.C. area as part of its EB-5 Regional Center program.

The EB-5 Program was created by the United States Citizenship and Immigration Service (USCIS) in 1990 to provide qualified foreign individuals with an opportunity to achieve permanent U.S. residency status by investing $500,000 or $1,000,000 in a business that will benefit the U.S. economy and create at least 10 full-time qualified jobs. In exchange for this investment, the investor may obtain an EB-5 Visa, providing permanent residency status for the investor, his or her spouse, and unmarried children under 21 years of age. Encore Global has been organized to attract foreign capital through the EB-5 program, with the intention of developing multiple new commercial enterprises and job creating entities located in one or more of the fifteen counties within the Washington, D.C. region.

Encore Global will develop, construct, operate and manage commercial real estate projects in the counties of Anne Arundel and Baltimore (within Maryland); the counties of Arlington, Chesapeake, Chesterfield, Fairfax, Fairfax City, Falls Church, Fredericksburg, Hampton, Hanover, Henrico, James City, Manassa, and Manassa Park (within Virginia); and in Washington, D.C. (within the District of Columbia). These projects include office buildings, neighborhood shopping centers, hotels, multi-family residential properties, healthcare facilities, and entertainment/recreation facilities.

“Our new USCIS approved Regional Center will promote economic growth by creating new jobs and increasing foreign capital investment in commercial real estate projects in the overall Washington, D.C. region,” said Bharat Sangani, Chairman of Encore Enterprises.

About Encore Global Investment Management, LLC

Encore Global Investment Management, LLC was created to provide an EB-5 investment vehicle for qualified foreigners seeking to obtain permanent residency status in the United States. Encore’s legal and finance professionals deliver full-service support for its foreign investors to guide them through the entire immigration process. Encore Global owns and operates USCIS approved Regional Centers in Texas, Southern California, North Carolina, Tennessee, Maryland, Virginia and Washington, D.C. – with a focus on developing and/or funding commercial real estate projects related to retail, hospitality, multi-family, office, and healthcare facilities. For more information, visit Encore EB5 or call (214) 259-7021.

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