Press Releases

  • Nov
    12

Ram Realty Advisors Sells Woodlands Square

November 12, 2018

Woodland-Square-11418 (002)_Page_07(OLDSMAR, FL –November 09, 2018) — After breathing new life into the 315,000 SF Woodlands Square, owner Ram Realty Advisors is pleased to announce the sale of the revitalized center to Dallas, Texas-based Rainier Companies.  Cushman & Wakefield’s Miami-based retail investment sales team, led by Mark Gilbert, Adam Feinstein, and Mitchell Halpern, represented the seller in the transaction.

After demolishing functionally obsolete space near the back of the center to make way for new tenants and better traffic flow, Ram’s makeover of the prime location at the intersection of Tampa Road and Curlew Road included new building facades, new signage, roofing, painting, parking lots, parking lighting, landscaping, awnings, and created a two-way ingress/egress drive. Ram estimates it touched roughly 85% of the center, which is 96% occupied, making it an attractive acquisition for Rainier.  “The Class A center is a perfect fit for our retail strategy and growing retail portfolio,” says Rainier’s President, Tim Nichols.

The tenant mix includes recognized brands including specialty organic and natural foods grocer, Earth Fare; an AMC Theatre, which recently received a $7 million makeover; PetSmart; Five Below; a free-standing Ulta cosmetics; Beall’s; Marshall’s; Dollar Tree; Anytime Fitness; Coast Dental; Fantastic Sam’s; Kids Park; Pinot’s Palette; Amazing Lash, and Salon Lofts.

Local tenants include Janice Brand DDS, T&T Nails, Perfections Hair Salon, My Greek Corner, Richard’s Foodporium, Eve’s Florist, and Ruth Fashions.

Dining options include Shaker & Peel, Craft Street Kitchen, Green Market Café, Ruby Tuesday, and long-time local favorite Eve’s Family Restaurant.

Located 20 minutes northwest of downtown Tampa, in Pinellas County (the most popular destination on Florida’s Gulf of Mexico), this prime location represents a winning decision for both firms.

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**HI-RES IMAGES AVAILABLE

ABOUT RAM

Founded in 1978, Ram Realty Advisors is an affiliated group of companies and partnerships that acquire and develop retail and residential properties in select high-growth markets in the Southeast. The company capitalizes investments with Ram-sponsored discretionary private equity funds, and periodically institutional joint ventures. Since 1996, the company has deployed in excess of $2.5 billion of capital. Ram is headquartered in Palm Beach Gardens, Florida and has offices in Fort Lauderdale, Florida; Charlotte, North Carolina; Durham, North Carolina; and Nashville, Tennessee.

ABOUT THE RAINIER COMPANIES

The Rainier Companies are headquartered in Dallas, Texas. Rainier currently holds investments in over $1 billion of commercial properties with its individual, corporate, and institutional partners.  Rainier’s acquisition strategy focuses on well-located stabilized retail centers and government properties in the central and eastern United States and value-add properties in Texas.  For further information, please see www.rainiercompanies.com.

 

Ram Realty Advisors contact:
Jonathan Porter
Ram Realty Advisors
office: 561.282.4628

The Rainier Companies contact:
Stacy McDaniel
The Rainier Companies
Office:  214.234.8200

Media contact:
Kelly Owens
Alchemy Communications Group
office: 561.935.9953 x.101
mobile: 561.222.4958

  • Oct
    19

Ram Realty Advisors and Kolter Urban sell Alexander Living in West Palm Beach

October 19, 2018

the alexander pool exterior_small

(PALM BEACH GARDENS, FL – October 19, 2018) Ram Realty Advisors is pleased to announce the sale of its two downtown West Palm Beach luxury apartment communities, The Alexander and its sister property, Alexander Lofts. The properties, known collectively as Alexander Living, were sold to Arlington, VA-based Avalon Bay (NYSE:AVB). The project was a joint venture between Ram Realty Advisors and its partner, Kolter Urban. The investment sale process was handled by Vice Chairmen Avery Klann, Hampton Beebe and Director Jonathan Senn of Newmark Knight Frank Multifamily.Casey Cummings, Ram’s CEO, stated, “the acquisition and development of these properties was a labor of love for our team. The projects were started several years prior to the current downtown boom and required a high degree of cooperation from the City, and confidence from our institutional investors.  We are grateful for both.”

Alexander Lofts and The Alexander are located at Fern Street and Dixie Highway in the heart of downtown West Palm Beach. The Alexander is a recently completed 20-story luxury apartment building with views of Palm Beach and the Intracoastal Waterway.  Alexander Lofts is a six-story brick building originally constructed in 1926 as the old Southern Bell Telephone regional headquarters; its conversion into 85 urban-style lofts was completed in 2015. The development of the projects included award-winning public art and the dedication of an urban park.  Ram acquired the properties in 2012 on behalf of Ram Realty Partners III, its third discretionary real estate private equity fund.

Units in both buildings offer the high-end features and finishes demanded by this market, including modern, open-concept floorplans with soaring ceilings, tall windows, balconies on select units, plank and tile flooring, contemporary style baths, and gourmet kitchens with stainless appliances. There are 18 different floorplan configurations at Alexander Lofts, and 13 at The Alexander. Both residences are pet-friendly and situated in the heart of the downtown Arts and Entertainment District within walking distance to Brightline, CityPlace, the weekly waterfront Green Market, and numerous other retail, dining, cultural, educational, and entertainment venues.

Casey Cummings added, “Avalon Bay is widely regarded as one of the highest-quality institutional owner and operators of multifamily properties. Their entry into West Palm Beach represents an endorsement of the community. The sale is bittersweet, as we have enjoyed our joint venture relationship with Kolter and love the West Palm Beach market.”

Ram continues to expand its portfolio alongside recent sales; the firm’s portfolio of managed, completed, or projects under development includes over 1.5 million square feet of commercial space and 3,000 multifamily units.  Both Ram and Kolter have several active projects in South Florida, as well as other major southeast markets.

ABOUT RAM

Ram Realty Advisors acquires and develops retail, multifamily, and mixed-use properties in select high-growth markets throughout the Southeast. The investments are capitalized by Ram-sponsored discretionary private equity funds and institutional co-investment vehicles.  Since 1996, Ram has deployed in excess of $2.8 billion of capital. The Company’s assets are primarily operated by its management affiliate — 5/ten Management. Ram and its predecessor entities were founded in 1978.  The Company is headquartered in Palm Beach Gardens, Florida, and has offices in Fort Lauderdale, Charlotte, Chapel Hill, and Nashville.

ABOUT KOLTER URBAN
Kolter Urban is the urban infill and suburban high-density affiliate of The Kolter Group. The Kolter Group is a Florida-based real estate development and investment firm with a Southeast footprint and expected revenues (both completed and in-process) in excess of $12 billion. The firm is a thematic and strategic real estate investor capitalizing on the convergence of two US trends, sunbelt migration and the aging population. The firm creates award-winning, age 55+ master-planned communities, single-family homes, luxury high-rise condominiums, and branded hotels.

ABOUT AVALONBAY COMMUNITIES, INC.

As of June 30, 2018, the Company owned or held a direct or indirect ownership interest in 287 apartment communities containing 84,043 apartment homes in 12 states and the District of Columbia, of which 19 communities were under development and 16 communities were under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring, and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California regions of the United States. More information may be found on the Company’s website at http://www.avalonbay.com.

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MEDIA CONTACT:

Kelly Owens
Alchemy Communications Group
ko@alchemycommgroup.com
office: 561.935.9953 x. 101
mobile: 561.222.4958

  • Sep
    10

ANZO Mediterranean Kitchen Comes to Mainstreet at Midtown

September 10, 2018

5ten managment Anzo

(PALM BEACH GARDENS, FL – September 6, 2018) – Mainstreet at Midtown, the ultimate destination along Palm Beach Gardens’ vital and exciting PGA Boulevard corridor, is pleased to announce the opening of its ninth unique dining destination: global café ANZO.

Conceptually offering “Real Food. United.,” ANZO’s cuisine is inspired by the four corners of the world, while the company is committed to creating spaces that are meticulously weaved on the fabric of exploration, innovation, and connection. It’s a united space that transforms one of the most communal moments – mealtime. The menu is a culinary fusion where warm bowls, wraps, and salads are derived from its Mediterranean roots and elevated global palate.

Mainstreet at Midtown is an established destination where one may find a way to spend the entire day: pamper yourself, get fit, shop, and dine in one convenient place.

“We are thrilled that ANZO has joined the impressive array of restaurants at Midtown,” says Jonathan Porter, VP – Asset Management & Finance for Ram Realty Advisors. “ANZO fits in nicely as a fresh, healthy, affordably-priced, fast-casual concept.”

The opening of ANZO follows on the heels of the debut of new anchor tenant Earth Fare, one of the largest natural and organic food retailers in the country. Mainstreet at Midtown, a 47-acre development that encompasses more than 96,000 square feet of retail, restaurant, and office space together with 225 luxury condominiums, a 500-seat cultural center, and a 300-seat banquet hall, is the corporate headquarters for the center’s developer Ram Realty Advisors and its affiliated company, property manager 5/ten Management.

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ABOUT RAM & 5/TEN MANAGEMENT

Founded in 1978, Ram Realty Advisors is an affiliated group of companies and partnerships that acquire and develop retail and residential properties in select high-growth markets in the Southeast. 5/ten Management operates as a boutique company specializing in acquisition, disposition, renovation, asset and property management services to retail, office and multifamily developments. What started as an in-house division devoted to property management within Ram Realty Advisors, has evolved into a fully integrated affiliated company. 5/ten Management is the culmination of four generations of real estate development, management and leasing expertise. In essence, 5/ten leverages almost a century of experience and brings the guiding principles that we are people making places better.

RAM REALTY ADVISORS CONTACT:

Jonathan Porter
Ram Realty Advisors
jporter@ramrealestate.com

MEDIA CONTACT:

Kelly Owens
Alchemy Communications Group
office: 561.935.9953 x.101
mobile: 561.222.4958

  • Aug
    21

Construction to Begin on 501 Seventeen, the Latest Mixed-Use Development from Ram Realty Advisors

August 21, 2018

501 Seventeen WHOLE FOODS

(FORT LAUDERDALE, FL – August 21, 2018) – A highly anticipated mixed-use development is just days from breaking ground in Fort Lauderdale, bringing apartments and a Whole Foods Market to the northwest corner of Southeast 17th Street and Federal Highway. Slated for occupancy in Winter of 2020, 501 Seventeen includes an eight-story mid-rise building consisting of 243 apartments adjacent to a six-level, 668-space parking garage, along with 49,071 square feet of grocery retail space for Whole Foods Market.

“The mixed-use asset allows Ram to leverage its decades of dual expertise in multifamily and retail, bringing a unique project to one of the main intersections of the City of Fort Lauderdale,” says Hugo Pacanins, Ram Realty Advisor’s Managing Director-Multifamily. “The addition of a Whole Foods Market store will be truly transformational for the entire area.”

The community is being developed by Ram on a 3.2-acre parcel where a former Denny’s building now resides. 501 Seventeen is within walking distance to the main Broward Health campus and within proximity to Port Everglades, the Greater Fort Lauderdale/Broward County Convention Center, and the Fort Lauderdale-Hollywood International Airport.

Most of the units in the residential portion are one- and two-bedroom, with one-bedroom plus den, two-bedroom plus den, and 3-bedroom units also available. Each unit will feature a contemporary open-concept kitchen with modern cabinetry, stainless-steel appliances, and quartz countertops. Amenities include a club room, co-working space, fitness center, group exercise room, leasing office, and an outdoor pavilion with a resort-style pool and grill courtyard.

The Whole Foods Market commercial space will employ approximately 250 locally hired, full- and part-time team members. Projected to open in Winter of 2020, the new Fort Lauderdale store will be the sixth Whole Foods Market location in Broward County.

“Opening a store at this location is an exciting opportunity for us,” said Juan Núñez, president of Whole Foods Market’s Florida Region. “We are eager to serve the neighborhood and to bring new high-quality grocery offerings to this community.”

Ram, celebrating its 40th anniversary this year, is well-known for creating developments that offer a carefree-yet-sophisticated lifestyle. Its vision for 501 Seventeen is a thoughtful design concept that allows residents to live in luxe brand-new apartments, work in private and shared co-working offices, and enjoy the local flavor and nearby entertainment.

The 501 Seventeen team includes lender Wells Fargo Bank, Roger Fry & Associates Architects, civil engineer Kimley Horn, general contractor KAST Construction, and leasing and property manager 5Ten Management.

ABOUT RAM

Founded in 1978, Ram Realty Advisors is an affiliated group of companies and partnerships that acquire and develop retail and residential properties in select high-growth markets in the Southeast. The company capitalizes investments with Ram-sponsored discretionary private equity funds, and periodically institutional joint ventures. Since 1996, the company has deployed in excess of $2.5 billion of capital. Ram is headquartered in Palm Beach Gardens, Florida and has offices in Fort Lauderdale, Florida; Charlotte, North Carolina; Durham, North Carolina; and Nashville, Tennessee.

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MEDIA CONTACT:

Kelly Owens
Alchemy Communications Group
ko@alchemycommgroup.com
office: 561.935.9953 x. 101
mobile: 561.222.4958

  • Jul
    27

Rhino Market joins Free Range Brewing at Ram’s new mixed-use project, The Collective.

July 27, 2018

20170821_noda27_eyelevel

(Charlotte, NC – July 24, 2018) – Rhino Market has signed a lease to take approximately 3,000 SF of retail space at The Collective, a new mixed-use project being developed by Ram Realty Advisors.  This will be the third location for Rhino and a stimulating addition to the area.  Located adjacent to the NoDa and Villa Heights neighborhoods, The Collective is comprised of a 3.6-acre parcel at 2300 North Davidson Street in Charlotte, NC.  Ram is under construction on a major redevelopment of the site that includes the renovation of the existing commercial building (to be complete in early 2019) and the addition of a new 250-unit multifamily residential community.  Ram is excited to have Rhino Market join Free Range Brewing as part of the project, providing a valued amenity to our future residents and surrounding neighborhoods.

“The goal for the commercial building is to create a design that tied together the old and the new, making sure we retained the character of the warehouse building and of the neighborhood,” says David Klepser, Ram’s lead developer on the deal.

The Collective, under development now, is slated for residential occupancy in spring of 2019 with retail joining earlier that year.  The five-story midrise will include 250 luxury studio, one, two and three-bedroom apartments as well as 2,000 square feet of additional retail space.  Complete with modern Class-A finishes and a full suite of amenities – including a gated parking garage, pool & outdoor lounge, pet wash station, record lounge, 24-hour fitness center with yoga studio, bike room and a makers space for DIY projects – the community is designed to appeal to NoDa’s eclectic renter.

“Our goal is to build a unique and attractive community that complements the vibrant character of the neighborhood,” commented David Klepser.  “We’re using distinguishing architectural styles, industrial-modern finishes, and blending the new development with the existing commercial building.  We want to create a complete live-work-play community that feels at home in the neighborhood.”

The development’s primary draw is its location, located less than two blocks from the 25th Street Station, part of the 9.3-mile Lynx Blue Line expansion.  Residents will enjoy a convenient gateway to Uptown, South End and the University area.  The community is also within walking distance to NoDa’s diverse collection of restaurants, galleries, and entertainment, as well as Cordelia Park and the Little Sugar Creek Greenway, a 19-mile trail that links NoDa to Uptown, Midtown, and Park Road/Montford.

The Collective project team includes partner Citisculpt, lender JPMorgan, architects BSB Design and 505Design, civil engineer LandDesign, interior designer SouthPark Interiors, general contractor VCC USA, property manager 5/ten Management, and commercial leasing broker Foundry Commercial.

About RAM

Founded in 1978, Ram Realty Advisors is an affiliated group of companies and partnerships that acquire and develop retail and multifamily residential properties in select high-growth markets in the Southeast. The company capitalizes investments with Ram-sponsored discretionary private equity funds, and periodically institutional joint ventures. Since 1996, the company has deployed in excess of $2.5 billion of capital. Ram is headquartered in Palm Beach Gardens, Florida and has offices in Fort Lauderdale, Florida; Charlotte, North Carolina; and Durham, North Carolina.

 

 

MEDIA CONTACT:

Kelly Owens
Alchemy Communications Group
ko@alchemycommgroup.com
office: 561.935.9953 x. 101
mobile: 561.222.4958

  • Jul
    27

Construction Begins on Hub South End, the Latest Mixed-Use Development from Ram Realty Advisors

July 27, 2018

Hub South End

(Charlotte, NC – July 26, 2018) – A highly anticipated multifamily mixed-use development recently started construction in Charlotte’s historic South End, bringing a street-activating concept to the currently underutilized corner at Dunavant and Hawkins Streets Slated for occupancy in spring of 2020, Hub South End includes 265 apartments – 29 of them two-story, street-level “townhome” designs — and over 22,000 square feet of new commercial retail, office, and co-working space, all with expanded sidewalks and porch areas to bring more energy to the public realm.

“Ram’s goal is to activate life at the street level,” says Rachel Russell Krenz, Ram Realty Advisor’s Director of Real Estate Development. “Hub South End will add a mixed-use development to what is currently a space poised for the changes that have been seen in the rest of South End, with careful attention to connecting all users of the future property to the dynamic neighborhood.”

The community is developed by Ram on an empty four-acre parcel in a neighborhood bustling with shops, breweries, art, restaurants, and entertainment.  From Hub South End, residents have direct access to the Lynx light rail, a short commute to the Charlotte Douglas International airport, and quick access to major highways.  Plus, Hub is less than two miles from uptown and its city nightlife, Bank of America Stadium, BB&T Ballpark, and more.

Ram has close to a decade of history in South End. The firm made a commitment to it by both placing a regional office there and investing in the strategic development of the area. Hub South End is another example of Ram’s belief in this vibrant neighborhood.

Ram, celebrating its 40th anniversary this year, is well-known for creating developments that offer a carefree-yet-sophisticated lifestyle. Its vision for Hub South End is a thoughtful design concept that allows residents to live in luxe brand-new apartments, work in private and shared co-working offices, and play in community spaces or simply enjoy the local flavor and nearby entertainment. The building includes studio, one-, two-, and three-bedroom apartments with the aforementioned handful of two-story floorplans with street- level entries.

The adjoining commercial space – significant in size when compared to other multifamily anchored mixed-use projects – is in addition to the professional co-working space within Hub South End’s multi-purpose Clubhouse.  Ram efficiently accommodates its residents’ ever-evolving work-life balance by providing ultra-convenience.

“The mixed-use asset allows Ram to leverage its decades of dual expertise in multifamily and retail, and to continue the work begun more than a decade ago when we committed to purchasing Design Center and participate in South End’s success.  Our office remains located in South End and we will be part of the community for the long term,” said Ms. Krenz. “The strategic partnership with Foundry Commercial on the office and retail leasing ensures quality tenants and continues Ram’s commitment to this up-and-coming destination.”

The Hub South End team includes partner Faison Associates, lender PNC Bank, architect Cline Design Associates, civil engineer and landscape architect McAdams, general contractor Concorde Construction, property manager 5/ten Management, and leasing broker Foundry Commercial.

 

ABOUT RAM

Founded in 1978, Ram Realty Advisors is an affiliated group of companies and partnerships that acquire and develop retail and residential properties in select high-growth markets in the Southeast. The company capitalizes investments with Ram-sponsored discretionary private equity funds, and periodically institutional joint ventures. Since 1996, the company has deployed in excess of $2.5 billion of capital. Ram is headquartered in Palm Beach Gardens, Florida and has offices in Fort Lauderdale, Florida; Charlotte, North Carolina; and Durham, North Carolina.

 

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MEDIA CONTACT:

Kelly Owens
Alchemy Communications Group
ko@alchemycommgroup.com
office: 561.935.9953 x. 101
mobile: 561.222.4958

  • Apr
    27

Ram Sponsors ‘Walk Like MADD 5K’

April 27, 2015

Ram Employees and their family participated in the Fort Lauderdale "Walk Like MADD 5K on Sunday."

Ram Employees and their family participated in the Fort Lauderdale “Walk Like MADD 5K” on Sunday.

FORT LAUDERDALE, Fla. – April 27, 2015 – Ram Realty Services sponsored the “Walk Like MADD” 5K in Fort Lauderdale on Sunday, April 26. The walk took place along the Las Olas Riverwalk and is just one of hundreds of walks across the country put on by Mothers Against Drunk Driving (MADD) in an effort to end drunk driving crimes. Employees of Ram showed their support by walking in the 5K and donating to MADD, ultimately raising $1,388 for the organization. In total, the event raised over $175,000.

Money donated to MADD is used for victim services, as well as drunk driving awareness, education and prevention.

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.

About Mothers Against Drunk Driving (MADD)

Founded by a mother whose daughter was killed by a drunk driver, Mothers Against Drunk Driving® (MADD) is the nation’s largest nonprofit working to protect families from drunk driving and underage drinking. MADD also supports drunk and drugged driving victims and survivors at no charge, serving one person every 8.6 minutes through local MADD victim advocates and at 1-877-MADD-HELP. For more information, visit www.madd.org.