January 2015

  • Jan
    16

Ram Realty Services is Committed to Restoration and Preservation

January 16, 2015

Efforts to “save” the rocklands are based on a misunderstanding of the true conditions on site

Editors Note: View and download a virtual tour of the Coral Reef Commons site:

http://vimeo.com/116977752

Miami, FL – January 16, 2015 –The Coral Reef Commons development site represents less than three percent of the Richmond Pine Rockland complex, and even less of the total pine rocklands in Miami-Dade County. Ram Realty Services is dedicated to the restoration of a significant portion of the land that we own. It should be noted that the Richmond Pine Rockland complex encompasses more than four square miles, of which 74 percent is under public ownership, with an additional 20 percent long ago developed by others.

Environmentalists opposing the development of the site have continuously misunderstood the facts and the current condition of the property.

The notion that the Coral Reef Commons site is a pristine forest is erroneous. Over the last 70 years the site has been used for military purposes, a medical research facility, commercial buildings, residential buildings, enclosures for animals, an incinerator and blimp bays. As such, the area is severely degraded and will continue to deteriorate unless significant resources and consistent management efforts are put into place.

The best prospect for regaining the natural environment is a comprehensive restoration plan such as the one Ram Realty Services is developing with the U.S. Fish and Wildlife Service. Under this plan, almost 40 percent of our property will be restored to its natural native state, set aside and maintained as a natural preserve in perpetuity – a standard never previously achieved in the region.

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Media Contacts

Wragg & Casas Strategic Communications 305-372-1234

Jeanmarie Ferrara 305-458-3778 / jferrara@wraggcasas.com

Mark Sell 305-206-5397 / msell@wraggcasas.com

  • Jan
    7

Ram Sells Citra at Windermere

January 7, 2015

Ram sells multifamily development to JRK Property Holdings

  • Ram sells Citra at Windermere to JRK Property Holdings
  • Citra is a 360-unit Class “A” multifamily asset located in Windermere, FL

Palm Beach Gardens, FL, January 7, 2015 – Ram Realty Services, a leading developer and real estate investment manager throughout the Southeast, has announced the sale of Citra at Windermere to JRK Property Holding. Engler Financial Group, LLC brokered the sale.

Citra at Windermere is a core, Class “A” garden apartment community located in Windermere, Orange County, Florida along Winter Garden Vineland Road. The ground-up development comprises 360 units across18 three-story buildings as well as clubhouse, dog agility center, fitness studio, pool, outdoor kitchen and entertaining area, and detached garage buildings. Citra features “best-in-class” amenities, condo-quality finishes, and energy-efficient construction.

Ram secured the 22-acre parcel on which Citra stands from Avatar Properties, Inc. and a private investor in August 2012. Development commenced in September of 2012 with substantial completion in February 2014. Ram engaged a rapid lease-up strategy that saw an average of nearly 30 leases per month.

The buyer, Los Angeles-based JRK Property Holdings, owns and manages 55,000 multifamily units nationwide as well as multiple hotels and over 2 million square feet of office, industrial, and storage properties. In 2013, JRK was recognized as the 20th largest owner of apartment properties according to National Multifamily Housing Council rankings.

About Ram

Founded in 1978, Ram is an affiliated group of companies and partnerships that acquire, develop, manage and finance retail and residential properties in the Southeast. The group also selectively acquires debt secured by retail and residential properties.  Ram is currently investing Ram Realty Partners III LP, a value-added fund targeting retail and multifamily properties in select high growth markets in the Southeast.  Since 1996, the company has deployed $1.7 billion in real estate transactions.  Ram is headquartered in Palm Beach Gardens, Florida and has offices in Fort Lauderdale and Tampa, Florida and Charlotte, North Carolina. For more information, visit www.ramrealestate.com.

  • Jan
    5

Mainstreet at Midtown Announces Line Up for Annual Concert Series

January 5, 2015

(January 5, 2014) PALM BEACH GARDENS  Music On the Plaza is back! On Thursday, January 8, Midtown begins its popular free music series, Music On The Plaza, running each Thursday from 6:00–8:00pm. The outdoor concerts run for 12 weeks, providing audiences with new, exciting, and carefully selected local, regional, and national talent.

Kicking off the 2015 season is South Florida piano-pop act, The Jacob Jeffries Band. Jacob is one of the area’s award-winning favorite original artists with the ability to write and perform feel-good music — think The Beatles, Ben Folds, and Tom Petty.  Other acts in January include The Matt Farr Band playing soulful rock, The Screaming J’s from NC playing boogie boogie piano and Ancient Sun from Orlando playing trippy eclectic groove rock.

Attendees are encouraged to enjoy food and beverages from Midtown restaurants Christopher’s Kitchen, Chipotle, J. Alexanders, Saito’s and Cantina Laredo. Christopher’s Kitchen will offer discounts on beer and wine, other specials will be announced on the night.

The free concerts attract an all-ages crowd. “We have seen an increase in young families attending over the years. They bring their young children to listen and dance to the music before bedtime, says Belle Forino, Marketing Manager of Midtown.

To celebrate the first show of the season, Midtown will have goody bags for children under the age of 5 and free face painting from 6:00-7:30pm. Concert-goers are encouraged to bring lawn chairs and shoes for dancing. Parking is free. Midtown is located at 4801 PGA Blvd Palm Beach Gardens. We are on the north side of the road between I-95 and the Florida Turnpike. More information can be found on the Midtown website: midtownpga.com

 

JANUARY LINE UP:

January 8 – JACOB JEFFRIES     http://www.jacobjeffries.com

January 15 – THE MATT FARR BAND   http://www.mattfarr.com

January 22 – THE SCREAMING J’S   http://www.reverbnation.com/screamingjs

January 29 – THE ANCIENT SUN    http://www.reverbnation.com/ancientsun

 

DETAILS AT A GLANCE:

DATE: Thursday January 8, 2015

TIME: 6:00-8:00pm

PLACE: Maintstreet at Midtown. 4801 PGA Blvd Palm Beach Gardens, FL 33418

EVENT: MUSIC ON THE PLAZA – 6th SEASON OPENING NIGHT

COST: FREE with Free parking

AGES: All ages welcome

PH: 561.630.6110

WEB:www.midtownpga.com

 

For more information about Midtown events:

Contact: Belle Forino, Marketing Manager for Mainstreet at Midtown.

Office: 561.630.6110

Direct: 561.282.4623

Email: bforino@ramrealestate.com

Web:http://www.midtownpga.com

Location: Midtown: 4801 PGA Blvd Palm Beach Gardens, FL 33418

  • Jan
    1

Mission Capital Advisors Arranges First-Mortgage Financing for The Ellington

January 1, 2015

Via rejournals.com 

Mission Capital Advisors announced that its Debt & Equity Finance Group arranged first mortgage financing for The Ellington located at 3670 Woodward Avenue in Detroit, Michigan.

The Mission Capital team of Tom Hall, Ari Hirt, Steven Buchwald and Jamie Matheny secured the loan on behalf of RAM Realty Services, a Florida-based real estate firm that developed the property in 2005.

The subject loan is collateralized by The Ellington’s fully occupied retail component, as well as 254 stalls in the adjacent Midtown Parking Garage.

The Ellington is a mixed-use development with street level retail below 55 luxury residential units located on the corner of Woodward and Mack avenues in a high-traffic area of Midtown Detroit. The property’s tenants include Bank of America, Starbucks and JP Morgan Chase, and it is shadow anchored by the first-ever inner city Whole Foods Market.

“As real estate fundamentals remain strong, we are seeing a variety of lenders increasingly willing to provide loans to owners of retail properties,” said Hall. “RAM could not have timed their project any better with The Ellington’s debut coinciding with the current trending of Detroit’s Midtown neighborhood. With an influx of entrepreneurs and young professionals along with planned transportation enhancements, Midtown has become a prime retail market.”

Earlier this year, Mission Capital successfully secured long-term, low-interest financing at suburban Detroit shopping centers in Troy and Farmington Hills, Michigan.

“This deal represents the most recent example of our ability to secure favorable financing on retail properties across the US,” said Hall.

Mission Capital has been extremely active this year in assisting clients with retail opportunities across the country. Recent deals completed by the firm include $7.5 million in cash-out financing for a Texas shopping center, and $12 million in financing for retail shopping centers in Ohio.