Bethesda, MD, February 19, 2021 – As we all witnessed this week, Treasury yields continued to drift higher, with the 10 and 30-year Treasury hitting levels not seen since a full year ago. The benchmark 10-year yield leaped above 1.30% and the 30-year U.S. yield also rose – hitting above 2.1% – which were both […]
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Entries by erobirds
Bethesda, MD, November 30, 2020 – Phillips Realty Capital announced that its client, Erkiletian Development Company, closed on a $141,789,000 bridge loan from global investment firm KKR to recapitalize The Sur, a recently delivered Class-A 360-unit luxury apartment community in the National Landing submarket of Arlington, Virginia near Amazon’s HQ2 and Virginia Tech’s Innovation Campus […]
Bethesda, MD, September 23, 2020 – Working on behalf of repeat client Peterson Companies, Phillips Realty Capital Principal Mark Remington structured $12,500,000 permanent financing from Fulton Bank for 6710 Oxon Hill Road, a 117,005 SF office building located in the National Harbor complex in Oxon Hill, Maryland. Remington said, “Peterson is a blue-chip sponsor, long-term […]
Bethesda, MD, August 18, 2020 – Phillips Realty Capital (PRC) is pleased to announce that a family office client operating as The Generic Management partnered with CAF Capital Partners to jointly purchase a five-story, 459-unit Class A apartment building in Plano, TX. The acquisition was financed by a combination of 1031 exchange proceeds from a […]
Bethesda, MD, May 29, 2020 – Phillips Realty Capital (“PRC”) announces that it has arranged $29 million in financing for Reston Metro Center One (the “Property”), a 124,076 SF office building located at 12120 Sunrise Valley Drive and within walking distance of the future Reston Town Center Silver Line Metrorail Station. The PRC team worked […]
Bethesda, MD, January 16, 2020 – A joint venture between Goodstone LLC and Waterfall Asset Management LLC announced that it secured $49,625,000 of debt financing from Bridge Investment Group to acquire and renovate Northridge I & II, two separate but contiguous properties that jointly offer 258, 452 square feet of office space in Herndon, Virginia […]
Bethesda, MD, January 14, 2020 – Phillips Realty Capital (PRC) announced that a $27,800,000 equity financing on behalf of Woodfield Development has closed and funded. Argosy Real Estate Partners (AREP) provided a joint venture equity investment toward the development of Morrison Yard, a 380-unit, trophy multifamily community in Charleston’s Morrison Drive (NoMo) neighborhood on the […]
PRC has secured permanent financing for a 312-unit apartment complex in Concord, NC on behalf of a repeat client. Financing was provided by one of PRC’s correspondent life company lenders.
PRC has secured permanent financing for a 454-unit Class A apartment complex in the Dallas suburb of Grapevine, TX on behalf of a repeat client. Financing was provided by a life company lender.
PRC has secured permanent financing to refinance the leasehold position in the 126,000 SF grocery anchored retail center located in North Bethesda, MD. Financing was provided by a regional bank.
6106 Macarthur Boulevard
Bethesda, Maryland 20816