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 […]
PRC in the News: MBA Dealmaker 6/6/18
Bethesda, MD, June 6, 2018 – Phillips Realty Capital is in today’s issue of MBA Dealmaker which can be read in its entirety on their website or below. The article covers the recent closings of Crowne Plaza Dulles and Bexley Lake Forest. Phillips Realty Capital, Bethesda, Md., secured $70 million in commercial mortgage-backed securities and life […]
PRC Secures $40 Million Financing for Weinstein Properties’ Acquisition of Bexley Lake Forest
Bethesda, MD, June 4, 2018 – Phillips Realty Capital announced that Weinstein Properties secured $40,000,000 of long-term financing from New York Life Insurance Company to purchase a 334-unit Class A apartment complex 30 minutes north of Dallas, Texas. Phillips Realty Capital Managing Director Charles DuBose structured the long-term, fixed-rate loan. Located just outside downtown McKinney, […]
PRC Arranges $30 Million Financing for Rocks Engineering’s Crowne Plaza Dulles Airport Hotel
Bethesda, MD, May 9, 2018 – Phillips Realty Capital announced that a $30,000,000 transaction on behalf of Rocks Engineering Company has closed and funded. Bank of America Merrill Lynch’s CMBS team provided permanent financing for the recently renovated 324-room Crowne Plaza Dulles Airport Hotel in Herndon, Virginia. Mark Remington, Principal at Phillips Realty Capital, arranged […]
PRC Celebrates 20 Years of Underwriting Excellence
Bethesda, MD, January 23, 2018 – January 2018 marked William Wrench’s twentieth year at Phillips Realty Capital where he serves as Chief Underwriter. His leadership and record of excellence have helped Phillips to earn the trust of borrowers and lenders alike. At Phillips Realty Capital, we often say that our people are our “secret sauce.” That […]
