Leah Andress Joins PRC as Mortgage Analyst

Leah Andress has joined Phillips Realty Capital as a mortgage analyst. She will be working in the structured debt and equity finance team. She was previously an analyst in the specialty finance and real estate groups at FBR & Co., an investment bank.

Established in 1933, Phillips Realty Capital is a leader in Washington, D.C. real estate finance, structuring approximately $1.2 billion a year in debt and equity transactions and servicing a $2.0 billion loan portfolio for 23 institutional investors. With offices in Bethesda, Richmond and Charlottesville, Phillips has a proven track record of collaborating with premier property owners, lenders, and investors to structure the most competitive transactions available in the market.

See Washington Business Journal

http://www.bizjournals.com/washington/potmsearch/detail/submission/4457381/Leah_Andress?l=&time=&ind=&type=&ro=0

Phillips Realty Capital Announces Significant Growth

Phillips Realty Capital (PRC) CEO C. Stephen Shaw, Jr. today announced that the boutique commercial real estate investment banking firm added three new analysts as well as a business development manager. This marks a time of significant growth for Phillips. Having closed about $1.3 billion in 2014, the firm is in the process of increasing its staff by 20 percent in the first quarter of 2015.

“Our people are our secret sauce, so we invest double what our competition does in personnel,” said Shaw. “It takes a lot of time and talent to provide the expert strategic analysis and precise underwriting our clients expect from us. We are not trying to be the biggest name in commercial real estate capital, but we are delivering big results, so we are adding to our roster.”

Connor Bell was most recently a Financial Analyst at Crestline Hotel & Resorts in the Development & Acquisitions group. Amanda Gestl, an attorney and financial analyst, comes to Phillips from regional real estate development company Buchanan Partners, LLC. Both Bell and Gestl are additions to PRC’s EB5 Capital real estate finance team. Peter Loukas previously focused on real assets investment strategies at Cambridge Associates and joins PRC’s structured debt and equity finance team. Having been a research associate at The Costar Group, Laurie Peltola will develop and lead PRC’s market research team.

“We are extraordinarily careful about who we hire,” said Shaw. “First and foremost, I hire people who make me smarter. But there has to be a culture match. Every associate needs to be able to hold their own around our conference table and be as passionate as the rest of us about commercial real estate finance. We operate as a team here, and I couldn’t be more excited about this group of young recruits. Connor, Amanda, Peter and Laurie represent the future of Phillips Realty Capital, and that future looks very bright.”

Established in 1933, Phillips Realty Capital is a leader in Washington, D.C. real estate finance, structuring about $100 million in debt and equity transactions each month and servicing a $2 billion loan portfolio for 20 institutional investors. With offices in Bethesda, Richmond and Charlottesville, PRC has a long track record of successfully pooling their collective real estate investment experience and network of relationships to arrange the most competitive transactions available in the market.

Through a joint venture with EB5 Capital, PRC operates USCIS-authorized EB-5 Regional Centers in the Washington, D.C., San Francisco, and New York markets. Since late 2012, through those Regional Centers, PRC/EB5 Capital has raised nearly $175 million of real estate development capital from 350 immigrant investors from 43 different countries.

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Media Contact:
Jan Hyland 703.801.8474
jan.hyland@jhycom.com

Connor Bell, Mortgage Analyst — Mr. Bell joined Phillips Realty Capital as an Analyst in late 2014. Prior to Phillips, he worked as a Financial Analyst at Crestline Hotel & Resorts in the Development & Acquisitions group. Mr. Bell graduated from Southern Methodist University in 2012 with a Bachelor of Business Administration and is currently working towards his Masters in Real Estate Finance at Georgetown University. Mr. Bell serves as a Student Board Member at Georgetown University, a Committee Member on the JDRF Real Estate Games Fundraising Team, and leads DCHA, one of the largest hospitality networking groups in the DC, Maryland, and Virginia area.

Amanda Gestl, Esq., Mortgage Analyst — Ms. Gestl joined Phillips Realty Capital as an Analyst in late 2014. Prior to joining the team at Phillips, Ms. Gestl worked as a Junior Financial Analyst at Buchanan Partners, LLC, a regional real estate development company. During law school, she worked as a Student Associate at The Sack Law Firm P.C., and at Lerch, Early & Brewer, Chtd. Ms. Gestl graduated from The George Washington University Law School and became a member of the Virginia State Bar in 2014, after graduating summa cum laude with dual undergraduate degrees from The University of South Carolina in 2011.

Peter Loukas, Mortgage Analyst — Mr. Loukas joined Phillips Realty Capital as an Analyst in 2015. Prior to Phillips, he worked as a Senior Associate focusing on real assets investment strategies at Cambridge Associates, LLC, an investment advisor to endowments, foundations, and corporate and government entities. Mr. Loukas graduated from Fordham University in 2011 with a Bachelor of Arts in International Political Economy. Mr. Loukas is a Chartered Alternative Investment Analyst (CAIA) charterholder and is a 2015 Level III Candidate in the CFA Program.

Laurie Peltola, Business Development Manager — Miss Peltola joined Phillips Realty Capital as the Business Development Manager in 2015. Prior to Phillips, she worked as a research associate at The CoStar Group, an international commercial real estate information company. While at CoStar, she managed the pipeline and public record filings of all commercial property types. Miss Peltola graduated from The Farmer School of Business at Miami University in 2013 with a Bachelor of Science in Marketing.

NOTE: Photos available upon request.

Mid Atlantic Real Estate Journal

Phillips Realty Capital Structured Two $51 Million Loans in January

Bethesda, MD — Phillips Realty Capital today announced that two separate $51 million transactions closed and funded in January:

  • $51,000,000 non-recourse acquisition loan for a multi-family property in Cumberland, South Carolina, financed at 90 percent of cost
  • $51,000,000 construction loan for a multi-family property in Gaithersburg, Maryland

“Both of these deals demanded precision underwriting and significant capital market expertise,” said Phillips CEO, C. Stephen Shaw, Jr. “Our teams of investment bankers, analysts and underwriters structure and execute the most competitive transactions available in the market. We are known to dig deep into the details to engineer the right capital solution for each property.”
Established in 1933, Phillips Realty Capital (PRC) is a leader in Washington, D.C. real estate finance with offices in Bethesda, Richmond and Charlottesville. PRC structures about $100 million in debt and equity transactions each month and services a $2 billion loan portfolio for 20 institutional investors.

Read more about BP Realty’s Majestic at Watkins Mill

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Media Contact:
Jan Hyland 703.801.8474
jan.hyland@jhycom.com

Phillips Realty Builds EB5 Capital Bona Fides

BETHESDA, MD–Locally-based Phillips Realty Capital expects to end this year with $1.4 billion or so in transactions. A few of these deals were financed with EB5 capital, an intriguing new source of funding for commercial real estate projects.

Read More:

http://www.globest.com/news/12_1009/washington/office/Phillips-Realty-Builds-EB5-Capital-Bona-Fides-353571.html

Phillips Realty Capital Eyes $1.4B in Deals for 2014

BETHESDA, MD–Locally-based Phillips Realty Capital could be arguably described as the CRE industry’s best kept financial secret. The company closes about $100 million a month in deals, according to CFO Joe Tilley and is on track to end this year with $1.4 billion or so in transactions. It also works with a wide range of capital providers, he tells GlobeSt.com. “The 70 or so transactions we close this year will have been with 43 separate providers,” he says.

Read More:

http://www.globest.com/news/12_1008/washington/finance/Phillips-Realty-Capital-Eyes-14B-in-Deals-for-2014-353520.html

PRC Structured $82 Million Financing for Capitol Riverfront

Bethesda, MD, — Phillips Realty Capital structured a mix of debt and preferred equity totaling $82,000,000 for MRP Realty, developers of commercial, residential and mixed-use real estate across the Washington Metropolitan region, and Florida Rock Properties, enabling the companies to break ground on the first phase of their Capitol Riverfront development. The project is located on the Anacostia River, south of the Washington Nationals baseball stadium. The nine-floor Riverfront project in the Capitol Riverfront district is a 305-unit, 281,050 square foot high-rise multifamily development with approximately 19,000 square feet of ground floor retail.

Phillips arranged MRP Realty’s $65 million construction loan from First Niagara Bank and an additional $17 million in preferred equity financing through a Phillips joint venture with EB5 Capital.

“The team at Phillips provided a seamless financing structure that was the right mix of capital for us to build at a highly competitive rate,” said Bob Murphy, managing principal of MRP Realty. “It was very efficient for us to work with them as a single source in assembling the entire capital stack for this exciting project.”

“Very few people working in the EB-5 field have the real estate experience Phillips has,” said Daniel S. Shiff of Phillips Realty Capital. “We apply the same principles of underwriting and analysis to EB-5 investments that we would to any other transaction, giving our clients the confidence they need. Our goal is to make EB-5 financing similar to going to any other capital source. We focus on the details of the financing so our clients can focus on their primary business, the development project.”

Phillips Realty Capital is a leader in the Washington, D.C. real estate finance community known for engineering capital solutions for commercial property owners for more than 80 years. Phillips will structure nearly $1.5 billion in debt and equity transactions in 2014 and currently services a $2 billion loan portfolio for 20 institutional investors. Through a joint venture with EB5 Capital, Phillips Realty Capital operates Regional Centers in the Washington, D.C. and San Francisco markets. Since late 2012, through those Regional Centers, PRC/EB5 Capital has raised and placed nearly $120 million in foreign investor capital into commercial real estate development projects.

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Media Coverage of Capitol Riverfront:

Washington Business Journal – MRP gets financing for Riverfront on the Anacostia

http://www.bizjournals.com/washington/news/2014/11/18/mrp-gets-financing-for-riverfront-on-the-anacostia.html

Mid Atlantic Real Estate Journal – Phillips Realty Capital structures $82m in financing

http://digital.turn-page.com/i/432155/20

GlobeSt.com – EB5 Capital Kicks in Preferred Equity for Riverfront Project

http://www.globest.com/news/12_991/washington/multifamily/EB5-Capital-Kicks-In-Preferred-Equity-for-Riverfront-Project-352697.html

Commercial Real Estate Direct – Venture Gets $82Mln of Financing for D.C. Mixed-Use Project

http://www.crenews.com/general_news/general/venture-gets-$825mln-of-financing-for-dc-mixed-use-project.html

Washington Business Journal

How long can this building stay empty?

… Joseph Tilley, Chief Operating Officer at Phillips Realty Capital, a real estate finance expert who has done deals with Pacific, said the company typically structures its deals with triggers that convert the debt from a construction loan to a permanent one only when certain leasing conditions are met.

The terms of the 1812 N. Moore loan have not been disclosed, but Tilley said he would be surprised if Pacific Life does not to give Monday and Goldman Sachs time to lease up the building. It’s not completely out of the question that Pacific Life could move to foreclose on the tower if Monday and Goldman Sachs were unable to make their debt service payments, but it is an unlikely scenario given Monday’s 50-year track record and Goldman Sachs’ financial stature, market capitalization of nearly $85 billion and 2013 net earnings of $8 billion. For Goldman Sachs, the more likely scenario would be to carry the property until it has leased up, at which point the partners could sell the site for significantly more than what it’s worth now as a vacant building.

Read More here: http://www.bizjournals.com/washington/print-edition/2014/10/10/how-long-can-this-building-stay-empty.html

Phillips Realty Capital Closed 12 Transactions Totaling $280 Million in August

Bethesda, MD — Phillips Realty Capital closed 12 transactions totaling $280 million in August, including the following:

  • $82,000,000 – multi-family construction financing and preferred equity, Washington, DC
  • $47,000,000 – hotel permanent financing, Washington, DC
  • $38,400,000 – office portfolio acquisition financing, Chantilly, VA
  • $37,300,000 – office portfolio permanent financing, Bethesda, MD
  • $19,500,000 – multi-family permanent financing, Gainesville, VA
  • $22,500,000 – office permanent financing, Washington, DC

Phillips is a leader in the Washington, DC real estate finance community known for engineering capital solutions for clients like Foulger Pratt, BF Saul, Clark, Donohoe, Lerner, and JBGR. Phillips structures more than $1 billion in transactions each year and currently services a $2 billion loan portfolio.

Phillips is the second largest member of the Strategic Alliance Mortgage (SAM), representing its Washington, DC, Maryland and Virginia regions. SAM is a group of 22 privately owned mortgage firms with 35 offices across the U.S. and has arranged more than $110 billion of commercial mortgages since 2001.

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Media Contact: Jan Hyland 703.801.8474

jan.hyland@forefrontstrategies.com