Assists tenant-in-common owners with new financing, partial purchase of investor equity and IRC Section 721 rollup
SAN DIEGO, Dec. 21, 2015 /PRNewswire/ -- Versant Commercial Brokerage Inc. announced today that it has successfully recapitalized Britannia Business Center I located in Pleasanton, California. Versant assisted the tenant-in-common investors by originating new debt financing, bringing in new equity to stabilize the property, purchasing the TIC interests of those who needed to exit the investment, and utilizing Internal Revenue Code Section 721 to roll up the TIC structure into an LLC on a tax-deferred basis.
Read full article: http://finance.yahoo.com/news/versant-completes-64-000-000-134000987.html
Synergy Hospitality awarded management of Hampton Inn Plymouth Meeting following recapitalization of hotel.
(TRAVPR.COM) UNITED STATES - January 21st, 2016 - Synergy Hospitality announced the addition of the Hampton Inn Philadelphia/Plymouth Meeting to its growing hotel management portfolio. This marks the third Hampton Inn and fifth Hilton branded hotel under Synergy Hospitality’s management. The company was awarded the management contract after the hotel’s successful recapitalization by Versant Commercial Brokerage, Inc.
Read full article: http://www.travpr.com/pr-38972-synergy-hospitality-adds.html#sthash.tndjJA35.dpuf
Assists Tenant-in-Common Owners with Acquisition to Diversify Real Estate Holdings
SAN DIEGO, Jan. 4, 2016 /PRNewswire/ -- Versant Commercial Brokerage Inc. announced today that it has acquired two flex office buildings totaling 113,035 square feet located at 2425 and 2450 Commerce Avenue in Duluth, Georgia. The buildings are occupied by Metso Automation USA, Inc., Vensure Employer Services, Moreland Altobelli Associates, and Videojet Technologies. Versant sourced the senior and mezzanine debt, and was assisted by the asset manager, Clear Vista Management, and the property manager, Wiedmayer & Co.
Read full article: http://finance.yahoo.com/news/versant-acquires-flex-office-buildings-133500768.html
Assists Tenant-in-Common Owners with Bridge Financing, Property Improvement Plan, Management Overhaul, and 721 Rollup
SAN DIEGO, Jan. 19, 2016 /PRNewswire/ -- Versant Commercial Brokerage, Inc. announced today that it has successfully recapitalized a 136 room Hampton Inn located in the Philadelphia PA suburb of Plymouth Meeting. Versant assisted the tenant-in-common investors by originating new senior debt, syndicating new capital for the mezzanine financing, and utilizing Internal Revenue Code Section 721 to roll up the TIC structure into an LLC on a tax-deferred basis.
Read full article: http://finance.yahoo.com/news/versant-completes-recapitalization-plymouth-meeting-134500346.html