PRC Structures $67 Million Data Center Value-Add Capital for Element Critical
Bethesda, MD, August 26, 2019 – Phillips Realty Capital announced that a $67,000,000 transaction on behalf of Element Critical and its sponsors, Safanad and Industry Capital, has closed and funded. A team led by Bryan Leigh at EagleBank provided the funds to refinance and improve the 199,097 SF Tier III data center and office building […]
Phillips Realty Capital Welcomes Malcolm Shaw
Bethesda, MD, July 2, 2019 – Phillips Realty Capital announced that it has hired Malcolm Shaw as a managing director in its Bethesda, Maryland headquarters. He will be part of the production team, structuring debt and equity financing for the privately-owned mortgage banking firm’s commercial real estate clients. Prior to joining PRC, Shaw served as a […]
PRC Structured in Excess of $700M in Q12019, Firm’s Best Quarter Ever
Bethesda, MD, May 8, 2019 – Phillips Realty Capital announced that 1Q2019 was the best quarter in the mortgage banking firm’s 85-year history. Backed by best-in-class underwriting professionals, the production team structured more than $700 million of capital across property types and markets. The firm secured financing for retail, multifamily, office, cold storage industrial, hotel, […]
PRC Works with Brennan Investment Group on Development of Headquarters and Cold Storage Distribution Facility
Bethesda, MD, March 8, 2019 – Phillips Realty Capital is proud to have worked with Brennan Investment Group to secure development financing for a new headquarters and cold storage distribution facility for Poultry Products Northeast in Londonderry, New Hampshire. Financing was arranged by John Sieber and William Lawson and provided by Camden National Bank, a […]
PRC Structures $63 Million for Ohana Waikiki Malia Hotel in Honolulu
Bethesda, MD, February 6, 2019 – Phillips Realty Capital announced that a $63,000,000 transaction on behalf of Lucky Hotels USA has closed and funded. Benefit Street Partners provided fixed-rate permanent financing secured by the 327-room OHANA Waikiki Malia Hotel located in Honolulu, Hawaii. The financing was structured by John R. Sieber, Jr., CMB, a Principal […]
PRC Participates in Salvation Army’s Angel Tree Program
Bethesda, MD, December 6, 2018 – As the end of 2018 approaches, Phillips Realty Capital is delighted and humbled by the opportunity to give back to the Washington, DC community our firm has called home for more than 85 years. This holiday season, PRC employees embraced the holiday spirit by sponsoring needy families in partnership […]
PRC Structures $10.75 Million for Retail Center in Suburban Cleveland
Bethesda, MD, October 22, 2018 – Phillips Realty Capital announced that a $10,750,000 transaction on behalf of Madison Marquette has closed and funded. Bridge Investment Group provided financing for Beachcliff Market Square, a 97,160 square-foot open-air mixed-use community center just outside Cleveland, Ohio. Mark Remington, Principal at Phillips Realty Capital, arranged the financing. Madison Marquette […]
Phillips Realty Capital Welcomes Blake Kline
Bethesda, MD, September 19, 2018 – Phillips Realty Capital is pleased to welcome Blake Kline to the underwriting team. Prior to joining Phillips, Blake worked as an analyst at Red Stone Equity Partners, a real estate fund manager based in Charlotte, North Carolina. “Over the past few years, Blake has developed a fairly diverse skill set […]
PRC Secures $62.24 Million Capital Stack for Legacy’s Acquisition of a Data Center Outside of Atlanta
Bethesda, MD, August 6, 2018 – Phillips Realty Capital (PRC) announced that two transactions totaling $62,240,000 have closed and funded on behalf of Legacy Investing, LLC for the acquisition and joint venture operation of a fully-leased Tier IV data center located in Alpharetta, GA. Phillips Realty Capital Managing Director Adam Bieber and Director William Lawson […]
PRC Secures $22.5 Million Financing for Rappaport’s WesTech Corner Retail Center
Bethesda, MD, June 7, 2018 – Phillips Realty Capital announced that a $22,500,000 transaction on behalf of repeat client Rappaport has closed and funded. United Bank provided permanent financing for WesTech Corner, a 41,262-square-foot community shopping center located at the intersection of Route 29 and Prosperity Drive in Silver Spring, Maryland. Mark Remington, Principal at […]
