Press Release

  • 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

  • Dec
    9

Ram Realty agrees to submit a Habitat Conservation Plan to the U.S. Fish and Wildlife for Coral Reef Commons

December 9, 2014

Miami, Fla. – November 24, 2014 – Today representatives from Ram Realty Services met with the U.S. Fish and Wildlife Service and agreed to submit an application for a permit and a Habitat Conservation Plan for the proposed Coral Reef Commons in South Dade.

“We will be submitting a comprehensive package detailing our environmental findings on the property and working on the additional environmental analysis necessary to identify how best to minimize and mitigate for any impacts,” said Peter Cummings, chairman of Ram Realty Services. “This plan will be created in conjunction with our permit application and is subject to final approval by the agency.”

Ram will continue to coordinate with Miami-Dade County on its local approvals.

“We intend to fully cooperate with the agencies involved, and we look forward to reaching an amicable agreement and showcasing how Ram balances its commitment to the environment with its dedication to creating high quality communities.”

  • Oct
    22

Ram Promotes Key Team Members

October 22, 2014

  • Jim Stine promoted to President
  • Hugo Pacanins named partner and promoted to Managing Director – Multifamily
  • Jennifer Stull named partner and promoted to Managing Director – Asset Management
  • Suzie Albright promoted to Vice President of Operations

Palm Beach Gardens, FL, October 22, 2014 – Ram Realty Services, a leading developer and real estate investment manager throughout the Southeast, announced several promotions to its senior management team. In an internal meeting, Ram CEO Casey Cummings addressed the culmination of a longstanding plan to strengthen Ram’s leadership team and establish a hierarchy qualified to manage Ram’s expanding asset portfolio and development initiatives.

“I am excited this evolution of our team has come to fruition,” stated Cummings. “We believe that one of the best indicators of the strength of an organization is its ability to promote from within. These are four very important positions within our company that are all being filled with existing Ram team members.”

Noteworthy Promotions

Jim Stine, previously Ram’s Chief Investment Officer, has been promoted to President. In his new role, he will assume leadership over most functional areas of the firm. Stine joined Ram in 2010 after spending 25 years with Stiles Corporation. During his time as CIO, he had management responsibility for the origination of new real estate investments on behalf of Ram.

Hugo Pacanins, formerly Vice President of Residential Development, has been promoted to Managing Director – Multifamily and named partner of the firm. He will have full responsibility for the multifamily development program including markets in Florida, Charlotte, Raleigh, Nashville, and Atlanta. Pacanins joined Ram in 2005 playing a key role in several prominent multifamily and mixed-use developments. He was promoted to VP in 2008, managing Florida-based multifamily development and redevelopment projects.

Jennifer Stull, former Vice President of Residential Asset Management, has been promoted to Managing Director – Asset Management and named partner of the firm. As Managing Director, she will be responsible for asset management over the entire portfolio of commercial and multifamily properties. She will also provide leadership to the property management group and Ram’s marketing department. Stull joined Ram in 2002 and has been responsible for multifamily asset management. In conjunction with the promotion, Jeff McCammon – previously Regional Director of Investments – will assume the role of Multifamily Asset Manager.

Suzie Albright, previously VP of Financial Administration, has been promoted to Vice President of Operations, a new position within Ram. She will have direct responsibility for property and corporate accounting, property management, and information technology. Albright joined Ram in 1999.

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.