Andrew Farkas’ Exantas Capital Reports Quarterly Results

Exantas Capital Corporation (NYSE: XAN) recently reported their results for the three months and year ended December 31, 2018. Exantas Capital is an indirect wholly-owned subsidiary of C-III Capital Partners LLC, which was founded by Mr. Andrew L. Farkas. C-III and its subsidiaries work in commercial real estate investment management, and Exantas specifically specializes in originating, holding, and managing commercial mortgage loans.

In this fourth quarter report, Exantas reported $1.1 billion of new commercial real estate loans and commercial mortgage-back securities during the fiscal year, with $274.9 million originated in the fourth quarter alone. The book value dropped slightly at $14.02 per common share in the fourth quarter, compared to $14.23 per common share at the end of the third quarter. The GAAP net income allocable to common shares was $0.23 per common share. This is significantly better than the loss of -$0.28 per share at the end of the fourth quarter of 2017.

Exantas’ consolidated balance sheets show an increase from year-end 2017 to year-end 2018 in total assets and total liabilities and stockholders’ equity. This reflects an increase in CRE loans, company borrowings, and distributions payable, among other things.

Exantas Capital Corporation is a leader in CRE credit investments, and effectively leverages C-III Capital Partners’ capabilities to better serve its clients. By using C-III’s asset management platform, Exantas is able to provide clients with unique insights into real estate markets. Mr. Farkas has served as Chairman and CEO of C-III Capital Partners since its founding in 2010, and his extensive real estate experience has led C-III and its subsidiaries to success in the real estate investment industry.

NAI Global Lists Iconic Building for Sale

NAI Global, the global commercial real estate firm owned by Andrew Farkas, recently listed a unique property for sale. The building was formerly the headquarters of the Longaberger Company and is modeled as a 180,0000 square foot picnic basket. It is located in Newark, Ohio and cost $32 million when it was initially built in 1997.

The building has been called one of the most unusual and bizarre buildings in the United States. It has even been listed as one of the 120 greatest human constructions in the world in the Lonely Planets book “Amazing Architecture: A Spotter’s Guide.” In addition to its unique structure, it is also an ideal spot for offices or even a hotel. The seven-story building contains offices, conference rooms, a café, a theater, and a fitness center.

The building will be marketed by NAI Ohio River Corridor. NAI Global is an established leader in the commercial real estate industry, with more than 400 offices throughout North America, Latin America, the Caribbean, Europe, Africa and Asia. The company leverages both its extensive network and its local connections in order to provide solutions for clients’ real estate needs. NAI Global boasts an impressive history of serving leading corporations such as Citibank, Dow Chemical, and Coca-Cola Enterprises.

NAI Global exists as a wholly owned subsidiary of C-III Capital Partners. C-III, founded by Andrew Farkas, is a commercial real estate company that offers investment management, asset management, and commercial mortgages. With decades of real estate service experience, Mr. Farkas provides valuable insight to the leadership team at C-III and has successfully propelled the company to be a leader in the industry.

IGY’s Yacht Haven Grande Hosts the USVI Charter Yacht Show

Over 60 yachts lined the docks of IGY’s Yacht Haven Grande on St. Thomas for the 2018 USVI Charter Yacht Show in November. Over 100 brokers from around the world attended the show, viewing yachts ranging from 45-111 feet in length. The 2018 show marked the largest in over two decades in attendance, number of yachts, and average yacht size.

The size of the show this year demonstrates how much marine tourism is on the rise in the U.S. Virgin Islands. Both private and public sector investments have been supporting the infrastructure projects to bolster the marine tourism industry in the USVI. The U.S. Virgin Islands are becoming a sought after destination for yachts because of the facilities and amenities offered. Other benefits to charter crews in the USVI as opposed to other destinations are that it is easy to fly into St. Thomas, and the island offers many places to provision, obtain parts, and make repairs. The USVI has become a full-service destination, while still offering the secluded, uncrowded nature that many people are looking for.

The USVI Charter Show is now one of the biggest in the Caribbean, partially because of the infrastructure that has been developed in recent years to accommodate the size of these yachts. “The infrastructure and facilities at IGY’s Yacht Haven Grande are world class,” says Dare Blankenhorn, co-founder and director of St. Thomas, USVI-based Charter Caribe.

IGY’s Yacht Haven Grande is part of of the larger IGY Marinas company, founded by Andrew Farkas. The 2019 USVI Charter Yacht Show will take place from November 9-13, 2019.

NAI Global Announces Office and Employee Community Service Award Winners

NAI Global has announced the winners of their Of the Community Awards during their annual Global Convention which took place in Austin, Texas last month.

NAI Cressy won the Of the Community Award for Office Recognition for its engagement and support of multiple organizations across Indiana and Michigan. This year, NAI Cressy celebrated their 70th year of business, and honored this milestone with a 70 Days of Giving Campaign, involving the entire company.

As part of the campaign, NAI Cressy gave back to many organizations they sit on the board for including: Downtown South Bend, Young Professionals Network, Combined Sewer Overflow Long Term Control Plan, Women’s Care Foundation, Fischoff National Chamber Music, Hospice Foundation, Marian High School, Leadership South Bend/Mishawaka, Big Brothers Big Sisters of St. Joseph County, The Music Village, Indiana Commercial Board of Realtors, Goodwill Industries of Michiana, South Bend Heritage Foundation, St. Margaret’s House, Woodlawn Association, Southwestern Michigan Economic Growth Alliance Inc., Indiana University South Bend and Business Development Corporation.

The individual employee award winner was Gretchen Miller of NAI Sioux Falls in South Dakota. Ms. Miller earned the recognition for her long-term commitment to the Lutheran Social Services of South Dakota Everyday Heroes Mentoring Program. She is in her eighth year of mentoring female students.

NAI Global honors employees and offices every year to encourage community evolvement and service. NAI Global is a subsidiary of C-III Capital Partners under the larger Island Capital Group.

NAI Global Adds Commercial Real Estate Service in Slovenia and Croatia

NAI Global has added commercial real estate services to their global portfolio through the addition of NAI Significa. NAI Significa is based in Slovenia’s capital, Ljubljana, and is one of the leading real estate offices in the country specializing in office, retail, industrial, and multifamily properties, as well as investment land and business valuation.

NAI Significa, which previously operated as Cenilna Druzba, will also serve neighboring Croatia from the Ljubljana office, until it plans to open an office in Croatia in 2019.

In the past year, NAI Global has continued to expand their portfolio both nationally, and internationally, with eight new U.S. offices and six new internal Offices in Austria, Brazil, Cypress, Puerto Rico and Saudi Arabia.

NAI Global is excited to expand their presence in Europe, specifically Slovenia. “While Slovenia is known for its mountains, ski resorts and lakes, it also has a thriving economy with strong demand for the types of commercial property, investors and occupiers we serve. We’re excited to have an expanded presence in Europe and particularly Eastern Europe,” said Jay Olshonsky, President of NAI Global.

NAI Global is a subsidiary of C-III Capital Partners and Island Capital, under Chairman and CEO Andrew Farkas.

NAI Global Adds New Partner in Des Moines

NAI Global, a leading commercial real estate brokerage firm, recently partnered with Iowa Realty Commercial. Iowa Realty will now operate as NAI Iowa Realty Commercial as it joins NAI’s network of more than 400 offices around the world, including several other brokerages in the greater Des Moines area.

“Iowa Realty Commercial is thrilled to have the opportunity to deepen our roots in this global organization,” said Kevin Crowley, who serves as general manager and COO of Iowa Realty Commercial.

Iowa Realty was a leader in the local real estate market prior to partnering with NAI Global, but the new alliance will allow it to grow even further. As a multinational firm, NAI Global provides its partners with best-in-class tools and unparalleled access to services and markets while still feeling local. It prides itself on providing clients with exceptional solutions from local leaders in their area. NAI services include buying, selling, leasing, financing, or managing commercial property in four different continents. With more than 7,000 employees across the world, NAI has successfully built a platform that is based on local leaders taking advantage of a global network, and it has resulted in nearly $20 billion of transactions annually.

NAI Global is a subsidiary of C-III Capital Partners, of which Mr. Farkas serves as Chairman and CEO. C-III’s principal activities are investment management, asset management, and commercial mortgages, but under Mr. Farkas’ leadership they have grown substantially. Subsidiaries such as NAI Global allow C-III to expand their capabilities and further secure their spot as a leader in the real estate industry.

Exantas Capital Corp. Declares Dividend

Exantas Capital Corporation, listed on the NYSE as XAN, recently declared a dividend of $0.10 per share. The dividend will be paid out on July 7th to shareholders of record on June 29th. The real estate finance service was founded in 2005 by Mr. Andrew Farkas, who currently holds the position of Chairman of the company. Exantas is also a subsidiary of Mr. Farkas’ company C-III Capital Partners, of which he is currently Chairman and Chief Executive Officer.

Exantas Capital currently has a debt-to-equity ratio of 2.22, and both its quick ratio and current ratio are 130.99. The market capitalization as of the end of June 2018 was $324.73 million. In the past year, the stock price has reached a high of $11.38 per share, and a low of $8.51 per share.

Exantas reported its quarterly earnings results in May 2018 for the quarter ending March 31, 2018. Earnings per share were $0.28, and the company had a net margin of 57.71%. Revenue for the quarter totaled $11.57 million. The last dividend that the company declared was $0.05 per share, declared on March 20th, 2018 and paid on April 27th, 2018.

Exantas Capital Corp. has been investing in commercial real estate loans for several years. As a subsidiary of C-III, they are able to utilize the parent company’s capabilities, expertise and information to make smarter investments. Under Mr. Farkas’ leadership, the company has grown significantly. C-III now has over $8 billion of assets under management, and Exantas’ investment portfolio is valued at just under $2 million.

Honest Buildings Completes Series B Round

Project management platform Honest Buildings recently closed its Series B funding round after raising $30 million, bringing the total amount raised to $48 million. Over a dozen partners contributed to the funding, including C-III Capital Partners, which was founded by Mr. Andrew L. Farkas.

Honest Buildings is a mission-driven company founded in 2012 by real estate professionals who were frustrated with the outdated technology they were using. The company is proud to have built a platform for real estate owners by real estate owners. It uses data-driven technology to help clients efficiently meet project deadlines while remaining within their budget.

Honest Buildings has already worked with several prominent real estate companies, helping them overcome challenges related to profitability and productivity. The Series B round of funding was specifically focused on improving the current technology’s functionality as the volume of their projects continues to increase. Honest Buildings will use the money to develop a new offering that uses data to manage clients’ spending. The company also plans on doubling its staff in the upcoming year to better serve its growing client base.

This investment aligns with the goals of C-III Capital Partners and its leadership. Mr. Andrew Farkas has been the Chairman and CEO of C-III since its inception in 2010, and has made C-III a leader in the real estate and asset management industry. C-III has several subsidiaries, allowing it to be involved in investment management, asset management, and commercial mortgages, among others. This investment in Honest Buildings demonstrates their commitment to improving the real estate industry while also delivering high returns for their investors.

NAI Global Brokers Property for MBS Standoffs

NAI Global’s branch in Las Vegas, Nevada, recently brokered the purchase of Building C of Henderson Freeways Crossing for MBS Standoffs. This industrial property was purchased for $2.5 million from Panattoni Development and spans 19,280 square feet. Building C is one of six buildings that occupy the 452,710 square foot dwelling of Henderson Freeways Crossing. NAI Global is a subsidiary of C-III Capital Partners, which is a leading real estate investment company owned by Andrew Farkas.

The property itself is in close proximity to McCarran International Airport and interstates 215 and 515, making it an ideal location. The rest of the buildings range in size from 14,320 square feet to 250,450 square feet. MBS Standoffs will be operating its West Coast distribution from this location.

Since NAI Global is a leading global commercial real estate brokerage firm, representatives are always eager to assist other companies in brokering new properties. This, in turn, enriches both NAI Global and similar properties’ portfolios and offers exciting new opportunities for other companies.

An example of another property NAI Global brokered recently was with Grubb Properties. A commercial real estate company that specializes in properties in the southeastern US, Grubb made its very first purchase in the Washington, D.C. area with the assistance of NAI Global. The property it acquired was Argon Plaza in Fairfax, VA, which is in close proximity to public transportation.

Resource Capital Markets Reports Rise in Retail Investments

A report that was recently conducted by Real Capital Markets states that retail investors are still in a buying mode. This is supported by the fact that retail investors are focused on obtaining assets that will meet the demand and need of today’s consumers, all the while producing desirable returns. The report is based on an interview that was conducted with a wide range of retail professionals. Real Capital Markets is owned by C-III Capital Partners, a world leader in real estate. Andrew L. Farkas is the CEO and Chairman of C-III Capital Partners, and is eager to see what this report will mean for the upcoming years.

According to the report, experiential retail is on the rise seen with a growth in e-commerce, Class A malls and grocery-anchored centers are still in high demand, 40% of investors see big box vacancy as their biggest threat and 59% of investors interested in investing in retail are considering other asset classes all the while focusing on multifamily.

The report also states the most preferred retail investment is anchored shopping centers, with 48% of investors saying that this type of retail is the most attractive when compared to strip centers. This percentage has increased from 2017, although online and digital grocery stores are on the rise. However, this won’t ever replace physical grocery stores, according to the report. In order to adapt to the rise in e-commerce, retailers are coming up with creative and innovative ways to utilize technology all the while keeping their stores.

With property across the nation and just having reached $2 trillion in transactions, Real Capital Markets is a leader in real estate for all real estate sectors.

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