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Valbridge Property Advisors Welcome New Partners in Houston and Dallas

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Valbridge Property Advisors, the largest independent commercial property valuation and advisory services firm in the United States, is pleased to announce the addition of four new partners to their Houston and Dallas offices.

Valbridge Property Advisors | Houston and Valbridge Property Advisors | Dallas, led by Chris Lantz, MAI, Senior Managing Director; Gerald Teel, MAI, CRE, SGA, Senior Managing Director; Tim Treadway, MAI, CCIM, Senior Managing Director-Multifamily; and Michael Divin, MAI, Senior Managing Director, respectively, are pleased to announce new additions to their senior leadership team. Valbridge Property Advisors | Houston welcomes new partners:

Jason Mushinski, MAI, Senior Managing Director

Joshua W. Wood IV, JD, MAI, AI-GRS, Senior Managing Director

Paul Gilliam, MAI, Senior Managing Director, Vice President of Financial Modeling

Valbridge Property Advisors | Dallas welcomes new partner:

Tim Brennan, MAI, Senior Managing Director

Jason Mushinski, MAI is Senior Managing Director and leader of the Right of Way Specialty Practice Group for the Valbridge Property Advisors | Houston office and is a member of both the Appraisal Institute and the International Right of Way Association. With more than 15 years of experience in valuation and consulting, Mushinski has worked with all types of real estate, including commercial, retail, industrial, mixed-use, vacant land, and special purpose properties. Mushinski has also served as an expert witness in civil court on various condemnation projects.

Joshua Wood IV, JD, MAI, AI-GRS heads up the litigation specialty practice division of Valbridge Property Advisors | Houston as Senior Managing Director. Wood is a member of the American Arbitration Association’s Panel of Arbitrators and the Appraisal Institute and has authored numerous publications in his career as a litigation expert. Wood recently served as a contributing author of the 15th Edition of “The Appraisal of Real Estate”, and has published “Powell v. Washburn: To the Restatement (Third) of Property: Servitudes-and Beyond” and “Powell, Rast, and the Restatement (Third) of Property: Servitudes in Arizona”. He is also an instructor for Appraisal Institute classes and presents regularly at conferences nationwide.

Rounding out the new partners in Valbridge Property Advisors | Houston team is Paul Gilliam, MAI, Senior Managing Director and head of Institutional Asset Valuation, and Vice President of Financial Modeling. Gilliam also serves as Vice President of the Austin Chapter of the Appraisal Institute. He has 15 years of appraisal and consulting experience with a variety of complex property types involving litigation across multiple states. Gilliam’s accolades also include his role in developing Valbridge Property Advisors’ national appraisal report automation software and training, currently used by 400+ appraisers.

Valbridge Property Advisors | Dallas welcomes new partner Tim Brennan, MAI and Senior Managing Director. Brennan is President of the Appraisal Institute North Texas chapter, and has more than 30 years of expertise in valuation and consulting of all types of real estate including commercial, retail, industrial, mixed-use, vacant land, and special purpose properties. Brennan provides appraisals and consulting services for government agencies and has completed multiple right-of-way valuation assignments for the Texas Department of Transportation.

“We are in an exciting season of growth at Valbridge,” said Chris Lantz, MAI, Senior Managing Director Valbridge Property Advisors | Houston. “Welcoming these new partners to our Houston and Dallas teams allows us to elevate our service capacity for clients in both a geographical sense and in the diverse specialty practice areas we cover,” said Lantz.

About Valbridge Property Advisors

Valbridge Property Advisors is the largest independent commercial property valuation and advisory services firm in the U.S., with 200+ MAI-designated appraisers, 80 office locations, and more than 675 staff across the nation. Valbridge provides independent appraisal services consistent with the highest industry standards of practice. Each Valbridge office is led by an appraiser who holds the MAI designation of the Appraisal Institute. For more information about Valbridge Property Advisors, please visit https://www.valbridge.com.

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Source: https://www.prweb.com/releases/valbridge_property_advisors_welcome_new_partners_in_houston_and_dallas/prweb18081995.htm

Real Estate

Miami Based Befeler Group Acquires a Holiday Inn Express &…

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Befeler Group, through its affiliate, BG Hospitality of Port St. Lucie, LLC (BG), a privately-held real estate investment company based in Coconut Grove, Florida, closed the acquisition of a 93-Key Holiday Inn Express & Suites® Hotel in Port St. Lucie, Florida. The Hotel is situated on two acres of urban core and features hotel rooms, one- and two-bedroom suites, a pool, fitness center, business center, and breakfast area. The acquisition closed on August 31, 2021, at a purchase price of $8.9 million.

The hotel is conveniently located on the east exit ramp of I-95 at Port St. Lucie, Florida and within minutes of the New York Mets Spring Training Camp, the PGA Golf Club and PGA Village, Cleveland Clinic and across the street of the Town Center at St. Lucie West, one of the largest regional shopping centers of the Treasure Coast.

“We are very confident in the strength and continued growth of West Port St. Lucie market and are excited to have found a great value-add hotel opportunity in such great location. This hotel is already one of the best performing hotels in the area and we expect to improve its performance even further with the scheduled renovations,” said George Befeler, Founder and CEO of Befeler Group.

BG is planning to spend $3 million to improve the asset, renovate the exterior and interior of the Hotel, and upgrade all guestrooms to modern brand design-oriented standards. City National Bank provided financing of $8 million toward the purchase and renovation. The hotel will continue to be managed by Naples Hotel Group of Naples, Florida.

Befeler Group continues to actively pursue additional hospitality, multifamily and office opportunities throughout the State of Florida. The firm will continue to target strategic value-add hotel deals that are below the institutional radar, with the intention of generating above-market returns through upgrades and efficient management.

Within the past three months, Befeler Group sold Hampton Forest Apartments, a 152-unit apartment complex located in Gainesville, Florida for $13.1 million; having paid $9.5 million in late 2017. Also, within the past three months, Befeler Group purchased a 26-unit apartment building in Hialeah, Florida for about $4 million.

“We are excited to enter this asset class and anticipate scaling up our presence in hotels with further strategic acquisitions. This first acquisition is part of our long-term plan to diversify our real estate holdings to better navigate economic changes while continuing to grow” stated Mark Rosencwaig, vice-president of Befeler Group.

About Befeler Group

George Befeler is the founder and CEO of Befeler Group, a privately held real estate investment firm based in Coconut Grove, Florida, that focuses on acquiring and managing multifamily, office and branded hotel properties with strong real estate fundamentals. Befeler Group has owned and managed multiple multifamily and office properties within the State of Florida for over 45 years.

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South Broward (FL) Hospital District Board of Commissioners Adopts…

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Memorial Healthcare System is one of the largest public healthcare systems in the U.S. and a national leader in quality care and patient, physician, and employee satisfaction.

South Florida, like other areas of the country, has experienced serious surges brought on by the COVID-19 pandemic, creating a high demand for healthcare services and challenges across hospitals. Medical teams cared for a high level of COVID-19 cases coupled with steady patient volumes in other clinical areas, such as cardiac and cancer.

Memorial Healthcare System has been on the forefront of the pandemic, managing up to 738 COVID-19 positive patients at the peak of the latest surge, while also investing $16 million in personal protection supplies, and supplementing its front line with close to 1,000 contract nurses to address the constant needs brought on by the pandemic this past year.

Such level of response had significant impact on Memorial’s finances, yet the Board of Commissioners for the South Broward Hospital District, which oversees all actions for Memorial, voted Wednesday to still move forward with the adoption of the lowest millage rate ever recorded for the district. This latest millage reduction to 0.1144 marks the 11th year in a row that the Board has voted to lower the overall millage rate, resulting in the lowest rate in the history of the South Broward Hospital District. Commissioners supported their decision based on Memorial’s strong financial position and having the ability to provide that reduction to residents in south Broward County.

The 0.1144 millage rate represents a 4.59 percent decrease from last year’s rate of 0.1199. The resulting gross tax revenues are estimated to reach $7.7 million. After accounting for early payment discounts and a certain percentage of uncollectible taxes, the anticipated tax payments this year of $7.6 million will provide the District enough revenue to cover its governmental obligations, which include paying Broward County’s Medicaid Match program and community redevelopment agencies in several municipalities in south Broward County, as well as tax collector commissions and property appraiser fees.

The newly adopted millage rate will leave no net tax revenue to fund uncompensated care, the District will use operating income to cover all uncompensated care costs for the entire Memorial Healthcare System, including its six hospitals and its eight Memorial Primary Care clinics. In fiscal year 2022 uncompensated care is projected to exceed $967 million.

On a separate and unanimous vote, the Board of Commissioners also approved an increase in the Memorial minimum wage, from $13 an hour to $15 an hour – an investment of over $8 million in Memorial’s workforce. This is the second minimum wage increase in the last six months.

This historic reduction of this millage rate coupled with the increase in minimum wage also comes at a time when Memorial Healthcare System continues to offer a comprehensive array of services, such as cardiac and stroke care, Level 1 trauma services, maternity, kidney transplant and many others. Memorial’s quality and safety has been recognized nationally by Leapfrog Group, a national nonprofit organization that collects and transparently reports hospital performance. Memorial Cardiac and Vascular Institute continues to receive outstanding ratings from the Society of Thoracic Surgeons, placing Memorial in the top 1% of U.S. cardiovascular centers for 2017. Memorial also remains one of only a handful of public hospitals in the nation to achieve AA, Aa3 financial ratings by Standard and Poor’s and Moody’s, respectively.

Memorial Healthcare System is one of the largest public healthcare systems in the country and is a national leader in quality care and patient satisfaction. Its facilities include Memorial Regional Hospital, Memorial Regional Hospital South, Joe DiMaggio Children’s Hospital, Memorial Hospital West, Memorial Hospital Miramar, Memorial Hospital Pembroke and Memorial Manor nursing home. The system received the following recognitions: Modern Healthcare magazine’s “Best Place to Work in Healthcare,” Florida Trend’s “Florida’s Best Companies to Work For,” and Becker’s Hospital Review’s “150 Great Places to Work in Healthcare.”

For more information, visit mhs.net.

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Haute Residence and Roberta Ingletto Continue Their Real Estate…

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Roberta Ingletto

“With a wide sphere of influence, Roberta’s network consists of contacts both locally in South Florida and around the world.”

Roberta Ingletto started her luxury real estate journey in 2001 in South Florida. Originally from Brazil, her junior studies brought her into Switzerland before coming to Miami to obtain a Bachelor’s Degree in Business & Finance from the University of Miami. Shortly after graduating, Roberta became a Florida Real Estate Broker, opening her own brokerage in 2004. Since then, Roberta has furthered her education and expertise by studying at Harvard University’s advanced program for negotiation, and by acquiring certifications including: Certified Luxury Home Marketing Specialist (CLMHS), Accredited Staging Professional (ASP), Investment analysis (CCIM), and was a Licensed Mortgage Broker. She is currently a member of the Master Brokers Forum, and is a Licensed Real Estate Broker in the state of New York.

Over the years, Roberta has acquired an extensive knowledge of the luxury real estate market in South Florida, primarily in the areas of Brickell/Downtown, Coconut Grove, Coral Gables, Pinecrest, South Miami, Miami Beach, Bal Harbour, and Sunny Isles Beach. With a wide sphere of influence, Roberta’s network consists of contacts both locally in South Florida and around the world. She is seen as a connector and has represented buyers and sellers with properties all over from New York City to London to Brazil to Portugal, Greece, Spain and Uruguay.

Her exceptional communication, negotiation, and business skills have led her to close numerous deals, amounting in millions of dollars worth of properties in both residential and commercial transactions, recognizing her as a “Top Producer”. Compounding on her invaluable assets, Roberta is fluent in English, Spanish and Portuguese.

Roberta’s ultimate goal has always been and continues to be to bring value to all. The real estate market has changed drastically from what it used to be 20 years ago, especially because of the ongoing development of technology and the internet. Information that used to only be accessible through an agent is now readily available to the general public online. This is where Roberta believes that as professionals we need to add value where technology can’t. She does this by sharing her professional insights on the market, facts, statistics, risks & returns for any purchase or sale.

Always envisioning the big picture and thinking in the long-term about her relationships and the property investment, Roberta makes it a priority to be knowledgeable, honest and transparent throughout the entire transaction and with the reality of the market. Keeping her clients best interest at heart, Roberta provides all the information needed so her clients are able to make the best decision that benefits their needs and priorities.

Visit Roberta Ingletto’s Haute Residence Profile:
https://www.hauteresidence.com/member/roberta-ingletto/

ABOUT HAUTE RESIDENCE

Designed as a partnership-driven luxury real estate portal, Haute Residence connects its affluent readers with top real estate professionals, while offering the latest in real estate news, showcasing the world’s most extraordinary residences on the market and sharing expert advice from its knowledgeable and experienced real estate partners. The invitation-only luxury real estate network, which partners with just one agent in every market, unites a distinguished collective of leading real estate agents and brokers and highlights the most extravagant properties in leading markets around the globe for affluent buyers, sellers, and real estate enthusiasts. HauteResidence.com has grown to be the number one news source for million-dollar listings, high-end residential developments, celebrity real estate, and more.

Access all of this information and more by visiting http://www.hauteresidence.com

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Source: https://www.prweb.com/releases/haute_residence_and_roberta_ingletto_continue_their_real_estate_partnership_into_second_year/prweb18215831.htm

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Real Estate

Onyx Real Estate Partners With Side to Enhance Its Signature Service

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Darya Ghomeshi, Founder of Onyx Real Estate

Darya Ghomeshi, Founder of Onyx Real Estate

Working with Side will allow Onyx Real Estate to merge our high-touch service with the global reach and state-of-the-art capabilities of a real estate technology company

Onyx Real Estate today announced its partnership with Side, the only real estate technology company that exclusively partners with high-performing agents, teams, and independent brokerages to transform them into market-leading boutique brands and businesses. The alliance will ensure that Onyx Real Estate, a firm that’s passionate about building clients’ wealth through real estate, is powered by the industry’s most advanced platform.

Founder Darya Ghomeshi and her dependable team have cultivated a reputation for providing expert advice and personalized service with exceptional style. Ghomeshi’s authentic love for what she does helps her to cultivate long-term relationships with her clients. Her accomplishments have been formally recognized within the industry, as she has earned Life Member status with the Sacramento Association of Realtors®.

The Onyx Real Estate team helps buyers, sellers, and investors in Greater Sacramento, including Folsom, El Dorado Hills, West Sacramento, Rancho Cordova, Natomas, and more. The capable team is experienced in all areas of residential real estate, from entry-level to forever homes, investment properties, remodels, and beyond. It specializes in obtaining maximum return on investment for sellers, which it does by orchestrating every detail of the sale, from design to staging to pricing.

Partnering with Side will ensure Onyx Real Estate remains on the cutting edge of the evolving real estate market while continuing to deliver premium services to its clients. Side works behind the scenes, supporting Onyx Real Estate with a one-of-a-kind premium brokerage platform that includes proprietary technology, transaction management, branding and marketing services, public relations, legal support, lead generation, vendor management, infrastructure solutions, and more. Additionally, Onyx Real Estate will join an exclusive group of Side partners, tapping into an expansive network from coast to coast.

“Since the beginning of my real estate career, I’ve always striven to provide my clients with first-class brokerage experiences,” said Ghomeshi. “Working with Side will allow Onyx Real Estate to merge our high-touch service with the global reach and state-of-the-art capabilities of a real estate technology company. Our clients will benefit from the advanced resources and upgraded support.”

Side is led by experienced industry professionals and world-class engineers who develop technology designed to improve agent productivity and enhance the client experience. Based on its belief that homeownership is a fundamental human right, Side is on a mission to improve the public good by providing top-performing real estate agents, teams, and indie brokerages with the best system, support, service, experience, and results.

About Onyx Real Estate

Onyx Real Estate provides exceptional service that creates long-lasting client partnerships. Its compassionate leaders bring unmatched experience to the Greater Sacramento market and relish the opportunity to guide clients through some of life’s most important decisions. Leading equally with industry expertise and warmth, Onyx Real Estate goes above and beyond — both during and after every transaction — to improve its clients’ lives through real estate. For more information, visit http://www.onyx916.com.

About Side

Side transforms high-performing agents, teams, and independent brokerages into successful businesses and boutique brands that are 100% agent-owned. Side exclusively partners with the best agents, empowering them with proprietary technology and a premier support team so they can be more productive, grow their business, and focus on serving their clients. Side is headquartered in San Francisco. For more information, visit http://www.sideinc.com.

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Source: https://www.prweb.com/releases/onyx_real_estate_partners_with_side_to_enhance_its_signature_service/prweb18216590.htm

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