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       TRANSACTION
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(May 2017) REvest, Inc. is pleased to announce that it has arranged the equity financing for a 160-unit apartment development project at 1699 Market Street in the Hayes Valley neighborhood of San Francisco, CA.  The project will be built at the former Flax Art Store site near the confluence of Gough, Market and Valencia Streets.  The project is being developed by Presidio Development Partners, LLC (Mark Conroe, MP) while equity financing is being provided by a private equity fund.  Construction will begin immediately with completion expected in the second quarter of 2019.










REvest, Inc. arranged, on behalf of Crossbeam Concierge Residential Opportunity Fund, the LP Equity financing for the development of the Views at Flatiron in Boulder, Colorado.  The $47 million project consists of 231 garden-style multifamily units located in the Gunbarrel Business Park with panoramic views of the front range of the Rocky Mountains. The financing was structured as a presale to a national life insurance company.  Crossbeam  developed the property utilizing Trammel Crow Residential Development Management Services.






REvest, Inc. represented Trammell Crow Residential in the sale of a 1.4 acre development site in the Pill Hill neighborhood of Oakland, CA.  Located adjacent to the Alta Bates Summit Medical Center, the site was acquired by Scannell Properties of Indianapolis, IN who intended to develop a multi-tenant medical office building.
REvest, Inc. provided multifamily operations consulting services on a subcontract basis to a multifamily developer charged with advising a pension fund advisor on multifamily development in Mexico.  The assignment focused on the marketing, management, administration and expenses associated with projects in Monterrey and Mexico City that would be 100% rental as opposed to fragmented rentals in condominium projects which had been commonplace.



REvest, Inc. collaborated with the Structured Finance Group of Studley, Inc. (Los Angeles, CA) on behalf of American Multifamily, Inc. (Huntington Beach, CA) to provide the institutional equity financing for the land purchase and ultimate development of Broadway Lofts in Glendale, California.  The urban multifamily project consists of 25,000 square feet of retail space and 208 multifamily units, with an amenity package and downsized unit mix oriented toward young adults between the ages of 18 and 34.  The institutional equity for the project was provided by a fund managed by BlackRock, Inc., and the co-investment equity was being provided by Post Investment Group, LLC (Los Angeles).



REvest, Inc. arranged  and closed the purchase of the first mortgage note and subsequent deed  in lieu of foreclosure on a 17-story apartment tower in Evanston, Illinois.  Crossbeam Capital acquired the note on the Skyline at Evanston Apartments from PNC Bank and immediately thereafter received the deed in lieu of foreclosure from the borrower.  This marked REvest, Inc.'s first transaction stemming from its working relationship with Crossbeam Capital, an institutional real estate investment management firm providing equity capital for development and acquisition of multifamily properties.


REvest, Inc. activities include:  
                                                                               
  • Identifying multifamily development and acquisition opportunities on behalf of institutional and co-investment capital sources.  These sources include a pension fund advisor, a residential opportunity fund and multiple private equity investors. 
  • Providing consulting and brokerage services focused on multifamily operations, new development financing, property acquisitions and land sales.    
  • Acquiring or developing smaller multifamily properties (10 to 50 units) in the San Francisco Bay Area for private equity investors on its own account.

REvest Inc. was formed in May 2009 to provide acquisition, financing and disposition strategies for real estate investments held by commercial real estate owners, investors, and lenders.