Ram

  • Jan
    31

Ram Realty Advisors Closes on University Place with Big Revitalization Plans

January 31, 2019

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(Chapel Hill, NC – January 25, 2019) – Ram Realty Advisors is already at work on its transformative plans for Chapel Hill’s University Place, and both current tenants and area residents express renewed hope for one of the Triangle’s oldest shopping centers.

The 40-acre property, purchased from Madison Marquette, has seen some positive developments in the last few years, with anchors Silverspot Cinema and gourmet grocer Southern Season joined by Harris Teeter grocery store, Stoney River Steakhouse & Grill, and Bartaco. Ram’s plans likely include multi-phase efforts to modernize the property.

“Our goal is to create a walkable town center, so our initial focus will be upgrading the existing buildings to fill in some of the gaps by converting interior mall space to outward-facing shops,” said Ram Realty Advisor’s Ashley Saulpaugh, Director of Investments. “That will include renovating the exteriors and enhancing the outdoors with new landscaping, seating, and public art.”

“There’s a whole host of uses we’re considering,” said Ram Realty Advisors’ CEO, Casey Cummings. “We want to bring balance and vibrancy to University Place. We will build buildings in the parking lots, although how and where they connect to the existing space is still in the planning and design phases. We’re also considering completely new uses of the property, including office, lodging, and residential.”

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University Place is Ram’s third investment in the immediate area of Chapel Hill within the past three years. In 2016, Ram acquired nearby Elliott Square Shopping Center, a 70,000 SF retail center anchored by O2 Fitness. Ram also acquired the former Days Inn on Fordham Boulevard in 2017 and is currently under construction on a 272-unit midrise apartment community. Previously, Ram developed the mixed-use 140 West project on Franklin Street in downtown Chapel Hill.

South Florida-headquartered Ram has a long history in The Triangle, with plans to continue its commitment to the area.

ABOUT RAM

Founded in 1978, Ram Realty Advisors is an affiliated group of companies and partnerships that acquire and develop retail, multifamily, and mixed-use 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 Realty Advisors operates and manages its own assets through an affiliated company, 5/ten Management. 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

  • Aug
    17

Ram works with Loggerhead Marinelife Center to clean Juno Beach

August 17, 2015

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Ram employees and their families participated in the Ram-sponsored beach clean-up, put on by Loggerhead Marinelife Center.

Juno Beach, Fla. – August 17, 2015 – Ram Realty Services, a leading developer and real estate investment manager throughout the Southeast, sponsored Loggerhead Marinelife Center’s August beach clean-up in Juno Beach, Fla., last weekend. LMC is a non-profit that promotes conservation of Florida’s coastal ecosystems with a special focus on threatened and endangered sea turtles.

Ram sent a team of 16 employees and their family members to help clean trash off of the stretch of beach located just outside of the LMC facility on U.S. Hwy 1, where a variety of endangered sea turtles make their nests.

Ram and other community volunteers ultimately cleaned up 70 pounds of litter off of the beach in just one hour.

Loggerhead Marinelife Center holds a beach clean-up every month, with the next clean-up being the International Coast Clean-Up, a national beach-cleaning initiative, held on Saturday, September 19, from 8 a.m. to 9 a.m. For more information on events at LMC, ocean conservation and sea turtle protection, visit www.marinelife.org.

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 Loggerhead MarineLife Center

Loggerhead Marinelife Center is dedicated to ocean conservation efforts specifically through education and research efforts of LMC staff and volunteers, and is a leading authority in sea turtle education, research, and rehabilitation.

  • Apr
    16

Ram Sells The Cypress Shopping Center

April 16, 2015

Ram Sells The Cypress Shopping Center

  • Ram sells The Cypress Shopping Center to DFG-Tampa Cypress, LLC
  • The Cypress Shopping Center is a 111,228 SF property located in Tampa, Fla.
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Tampa, Fla., April 14, 2015—Ram Realty Services, a leading developer and real estate investment manager throughout the Southeast, has announced the sale of The Cypress Shopping Center to DFG-Tampa Cypress, LLC. Dennis Carson of CBRE Inc., brokered the sale.

The Cypress Shopping Center is located at the heart of the rapidly growing, affluent Wesley Chapel area of Tampa, Fla., known as New Tampa, and includes 111,228 SF of retail space. It is currently 93% occupied and anchored by LA Fitness and Sweetbay. Ram will retain two pad sites and three outparcels as part of the deal.

The Cypress was originally constructed in 2009. In late 2011, Ram acquired interest in the asset for its third fund (RRPIII) through the purchase of two promissory notes secured by a first mortgage and directed by Regions Bank. Ram subsequently took title of the property in May 2013 and brought it to its current stabilization.

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.