C-III Capital Partners

2016 Lipsey Commercial Real Estate Survey Ranks NAI Global in Top 5

Every year, The Lipsey Company, a leading training and consulting firm specializing in the commercial real estate industry, ranks the top 25 commercial real estate brands worldwide. Over 100,000 industry members casted a vote in this survey through means of ballots, phone interviews and / or focus groups. This allowed Lipsey to capture both quantitative and subjective information about the industry. The Lipsey Company was established in 1980 and this is the 15th year anniversary of the Lipsey’s Top 25 Brand Survey. 

In the 2016 Lipsey Top 25 Brand Survey, NAI Global was ranked number four. This excellent ranking is a huge success for NAI Global, proving that their hard work and growth is being recognized by their industry peers. The company has been moving closer to the top of the rankings for the past few years and continued this trend this year, earning its best ranking yet. NAI Global is a commercial real estate company that is independently owned and operated. It is also the only independently owned company ranked within the top ten. As the largest and most powerful global network of owner-operated brokerage firm, NAI Global provides creative solutions in the commercial real estate industry to help consumers buy, sell, lease, finance, or manage commercial properties.

In 2011, NAI Global was acquired by C-III Capital Partners LLC, a commercial real estate services company. C-III is involved in a broad range of activities, including primary and special loan servicing, fund management and principal investment. C-III views NAI Global as a strategic acquisition because it allows C-III to diversify its services. C-III is a controlled affiliate of Island Capital Group LLC, a global real estate services company which was founded and is led by Andrew Farkas. Farkas was also the founder, chairman and CEO of Insignia Financial Group, Inc. Andrew Farkas has been very successful in his career, and this excellent ranking for NAI Global further enhances Farkas’ image in the industry.

Santa Clarita Market in the Sights of NAI Capital

NAI Capital’s strong foothold in the Southern California commercial real estate market is strengthening as expansion is still a priority for their local offices. NAI Capital’s Valencia office is seeking to continue its constant growth and unmatched reputation of being the largest firm in the region.

NAI Capital is looking to get a head-start in an area that is presenting as a future Southern Californian real estate hub. This potential stems from the quantity of undeveloped land in the Santa Clarita Valley. Typically, in the San Fernando Valley it is necessary to deconstruct to be able to construct, whereas in the Santa Clarita Valley, there is the ability to save time and money by constructing on undeveloped land. As the region grows, more opportunities will arise for larger commercial buildings and factories due to the large amount of space available in the region.

Yair Haimoff, executive vice president and branch manager of the Valencia office, has high hopes for the area as three industrial parks are set to begin construction by the end of the year. With the construction of those parks, he sees the Santa Clarita Valley as a great opportunity to work in and even live in. New homes are being built, which leads to businesses potentially moving in as well. Haimoff also recognized the low crime rate, little to no graffiti and a newer community as all positive factors to residential and commercial development in the Santa Clarita Valley.

NAI Capital is a member of the NAI Global network of over 375 offices. Each owner-operated commercial real estate brokerage firm is encouraged to work together and take advantage of the global resources offered to them. NAI Global was acquired by C-III Capital Partners while under the direction of Andrew Farkas in 2012. Farkas is currently CEO and Chairman of C-III.

Stephanie Brock Named President of U.S. Residential Group LLC

U.S. Residential Group LLC (USRG) has named Stephanie Brock, an industry veteran in property management, as their new President. Ms. Brock will manage all aspects of the company which currently is responsible for 40,000 apartments.

Al Fenstermacher, who Ms. Brock has replaced, will stay within reach of the company and serve as an advisor in the Office of the Chairman. There has been some other management position movement around the corporation, including C-III Capital Partners LLC’s own Mr. Geoffrey Woodward, who has been placed in the position of Chairman of the Board. USRG is an affiliate to C-III Capital Partners LLC.

Ms. Brock remarked that USRG has made great progress as an industry leader through their commitment to customer service, diverse client base and lastly their team of experts. Ms. Brock’s experience includes developing seven new markets for Riverstone Residential Group and re-creating a presence in Houston, Denver and Phoenix for Trammell Crow. More recently, she was a Senior Managing Director at Greystar Real Estate Partners, before moving to the U.S. Residential Group.

U.S. Residential Group LLC, with offices located throughout the country, has over 30 years’ experience in all types of economic environments. This fee-based firm helps manage professional real estate services to the owners of multi-family properties throughout the United States. The Andrew Farkas lead C-III Capital Partners LLC has overseen USRG since their acquisition of the firm in November 2011.  In addition to C-III Capital Partners, Mr. Farkas is the Chairman and CEO of Island Capital Group and CEO of Anubis Advisors.

NAI Capital Names Timothy Foutz as New CEO

NAI Capital, based out of Encino, LA has appointed Timothy Foutz as their new chief executive officer. Mr. Foutz is an experienced broker with more than 40 years’ under his belt. He graduated from USC in 1970 and began his real estate career with Grubb & Ellis in LA and after 23 years of service, left in 1994 to become a partner of NAI Capital. A number of former Grubb & Ellis affiliates have also joined the NAI Global network; offices in Wichita, Alabama and Mississippi.

Some of Mr. Foutz’s career highlights include; leasing a 160,000 square foot Eaton Corp. property in Westlake Village, to Packard Bell Computers, which he later sold on behalf of Eaton to an investor to be developed into a community center and high school. He was also a key player in the sale of 30 acres of land, also in Westlake Village, where Dole Foods has since established their international headquarters.

Mr. Froutz is replacing current CEO Bob Scullin, who took the position in December 1993. Mr. Scullin’s wife, Cathy, is staying on as an NAI broker with the firm. Froutz has stepped in because he loves the company and believes he can do a good job at keeping the firm on track after Mike Zugsmith, long-running chairman, recently stepped down due to illness.

NAI Capital is a member company of NAI Global, a network of wholly-owned, independent commercial real-estate firms. The member companies work together and support client needs across state and country borders. There are over 160 offices and 6,700 brokerage professionals world-wide and each office is local market leader and deeply rooted in their community. NAI Global is owned by Andrew Farkas’s company, C-III Capital Partners.

Nebraska Member Company of NAI Global Launches New Website

NAI FMA Realty, the locally-owned member company of NAI Global in Nebraska has recently launched a redesigned website at http://www.naifmarealty.com/. The President of NAI FMA, Drew Stange, is confident the new website will provide new and existing clients with easier navigation, improved functionality, and above all else, an enhanced access to their information.

The site reflects NAI FMA’s mission to provide up-to-date and accurate information about the marketplace to their clients. Stange wants to use this platform to share their knowledge and experience, to continue to excel and ensure they remain the leading provider of third-party real estate management in Lincoln.

The website has been designed to offer a more user-friendly experience, including a responsive design and with more focus being placed on services for client owners, tenants, developers and investors. This highlights NAI FMA’s expertise in commercial real estate in Nebraska. New visitors to the site will be able to quickly locate the information they are looking for, such as property listings they are interested in and types of services they wish to know more about.

NAI Global is a network of more than 375 locally-owned office locations across over 55 different countries. It is the most powerful network of commercial real-estate companies, and it gets its edge by having member companies that are firmly established in the local marketplace and can provide local knowledge and expertise to its clients. C-III Capital Partners LLC (C-III), bought NAI Global in 2012, under the direction of their CEO Andrew Farkas. Mr. Farkas also founded and was CEO of Island Global Yachting.

U.S. Residential Group Climbs Top Apartment Management List

U.S. Residential Group LLC, an affiliate of C-III Capital Partners run by Chairman and Chief Executive Officer Andrew Farkas, was once again deemed a top apartment management company in the United States. U.S. Residential Group LLC managed to jump the list 15 spots over the past year landing at rank #32, the largest move by any company on the list.

“While honored to be among the country’s top apartment management companies, I am very proud of our employees who have been able to maintain our standard of extraordinary results for our clients as we continue to grow our quality management company,” ” said USRG’s President Al Fenstermacher.

U.S. Residential Group LLC is a national full-service, fee-based multifamily management company for traditional and affordable communities. The company offers services ranging from marketing to contract administration. They combine the talents and expertise of experienced apartment professionals to develop strategies that best meet each client’s goals.

Clients of U.S. Residential Group LLC include pension funds, public companies, non-profits, public agencies, special servicers and private real estate investors. The company has corporate offices in California, Texas and Connecticut, as well as regional offices located throughout working areas.

C-III Capital Partners Services

C-III Capital Partners is a controlled affiliate of Island Capital LLC, which is a top real estate merchant bank. C-III Capital Partners is a national leader in investment management and real estate services. C-III Partners provides everything from debt solutions to real estate parity.

C-III Capital Partners can assist with commercial mortgage servicing (both primary and special servicing), commercial real estate lending, investment banking, property management, real estate brokerage and title insurance. C-III Asset Management LLC is a subsidiary of C-III Capital Partners. C-III Asset Management is a commercial real estate loan servicer (primary & special). C-III Asset Management is a special servicer for over $116 billion and primary servicer for $17 billion commercial real estate loans.

Andrew Farkas is the Chairman and Chief Executive Officer of C-III Capital Partners. Farkas is also the Chairman and Chief Executive Officer of Island Capital Group.

The main office for C-III Capital Partners is in Irving, Texas, but they also have offices in New York, South Carolina, Dallas, Tennessee, New Jersey and California.

S & P Gives C-III Above Average Ranking

Standard & Poor’s Rating Service recently evaluated C-III Asset Management LLC and announced that the company’s rankings were “above average” as a commercial mortgage primary servicer and “strong” as a commercial mortgage special servicer. Since its last review, C-III has made significant changes that have contributed to its success such as hiring a new chief information officer and enhancing the technology system.

C-III representatives stated that they credit the firm’s new overall rankings to its experienced staff, stable track record, effective systems and technology and sound audit and controls. The ranking also demonstrates C-III’s assets-per-asset manager ratios, strong internal controls to address compliance and potential conflicts of interest, and efficient resolutions based on both volumes and time.

According to S & P’s evaluation report, the positions of both C-III servicer rankings are stable. The report continues by explaining that the firm has a successful track record managing commercial and multifamily mortgage loans. Simultaneously, C-III has demonstrated its commitment to invest in technological resources and continuous process improvement, both of which have helped the company acquire positive rankings.

S & P attributes C-III’s organizational effectiveness and depth of staff to CEO, Andrew Farkas, an industry expert with over 26 years of experience; six managing directors who report to the president, chief operating officer and general counsel. When compared to similarly ranked servicers, C-III stands out with regards to staff experience and tenure levels.

As a result, S & P is confident that C-III has the ability to retain its experienced staff, invest in technology and maintain sufficient workloads in order to successfully manage the loan portfolio and serve its investor clients.

C-III Capital Partners Closes Deal with NAI Global

C-III Capital Partners recently completed the acquisition of NAI Global.  C-III Capital Partners, led by CEO Andrew Farkas, provides innovative real estate equity and debt solutions and is engaged in a wide range of activities, including loan origination, primary and special loan servicing, fund management and principal investment.  NAI Global, based in Princeton, New Jersey, is the world’s leading managed network of more than 300 commercial real estate firms and provides technology, management, marketing and corporate services support to its members and clients.

With 350 offices in the United States and 55 countries across the globe, NAI Global’s network includes 5,000 professionals.  It will continue to operate under its current management as a separate company.

“The completion of this transaction represents a significant step forward in our strategy to build a fully diversified commercial real estate services company,” said Andrew Farkas. “With the NAI Global acquisition, we are gaining the world’s leading commercial real estate network and a tremendous foundation for future growth.  As we begin a new year, we look forward to partnering with the NAI team to provide enhanced services to the commercial and institutional real estate markets they serve as well as continuing to take advantage of other opportunities to grow and expand our platform.”

C-III Capital Partners Acquires U.S. Residential Group & Pacific West Management

Earlier this week, C-III Capital Partners publicized the acquisition of two affiliated multifamily property management businesses – Pacific West Management and U.S. Residential Group.  C-III Capital Partners (C-III) offers real estate equity and debt solutions through a broad range of activities.  Pacific West Management (PWM) is based in Irvine, California and U.S. Residential Group (USRG) is based in Carrollton, Texas.  PWM and USRG manage around 24,000 multifamily units located in 12 states.

“The USRG and PWM acquisitions represent C-III’s next step in creating a fully diversified commercial real estate services company,” said Andrew Farkas, CEO of C-III.  “With the same leadership team that built Insignia, C-III is focused on building a diversified real estate services company designed to meet the demands of all constituents in the commercial real estate industry in today’s environment. We are confident that USRG, its management team and its strong client relationships will make valuable contributions toward achieving C-III’s goals, and we look forward to serving USRG’s clients and enhancing and expanding the services C-III and USRG can provide to them.”

As a result of the acquisition, PWM and USRG will operate as one unit under the U.S. Residential Group name.  Alan Fenstermacher will continue to lead the current management team.

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