Posh peek: Mixed-use McKinney Avenue development elevates luxe living
By Payton Potter|Special Contributor, Dallas Morning News 10:27 AM on Oct 3, 2019 Built in 2005 for the Sugar Film Production company, a 4-story, 13,000 square-foot building at 3203 McKinney Avenue recently hit the market, and it’s already equipped to be a luxury home or money-making property. Atop two levels of commercial and garage space sit two apartments, each have more than 3,700 square feet. The residential areas were built with polished concrete and terrazzo flooring and Bulthaup cabinets in the kitchens and bathrooms. Listing agent Jonathan Rosen of Compass Real Estate told The Dallas Morning News he estimates the …
Ultimate live-work space in Uptown Dallas hits market for $7.5 million
CultureMap Dallas reporter John Egan posted the following article about ValCap’s headquarters building on Aug. 29, 2019 What very well could be the ultimate live-work setup in Dallas recently went on the market for a sweet $7.5 million. Aside from two luxury townhomes, each measuring about 3,700 square feet, the contemporary Sugar Building in Uptown features about 5,400 square feet of offices. In addition, a 13-car garage — complete with a Tesla charging station — and an air-conditioned workshop encompass about 4,300 square feet. The four-story property, at 3203 McKinney Ave., owned by The ValCap Group, features three bedrooms and …
NKF MULTIFAMILY CLOSES SALE AND PROVIDES $25M FINANCING FOR THE CLARE
Working in partnership, NKF provided ValCap the property financing of a $25 million Freddie Mac Acquisition loan for The Clare, located just minutes from downtown Memphis. The Clare offers two swimming pools, a tot lot, a lighted tennis court, volleyball court, fitness center and more. Residents may choose from one, two or three-bedroom units ranging from 743 – 1,120 square feet. Units include energy efficient appliances, full-sized washers and dryers, a fireplace, vaulted ceilings and private patios or balconies. According to Richard Fishman, President of The Valcap Group, “working with the professionals at NKF and RSE was a smooth and …
VALCAP ENGAGES REALCROWD FOR SOLARIS BID
The ValCap Group has engaged the RealCrowd online investment platform to launch its most-recent acquisition project. Our target is The Solaris, a 424-unit value-add deal in Richardson TX. For investment information, visit realcrowd.com/offerings/valcap-group/the-solaris-apartments. …
NKF Arranges Sale, Provides ValCap $25M Acquisition Loan for Multifamily Community in Metro Memphis
The Clare was constructed in 1997 and offers one-, two- and three-bedroom floor plans ranging from 723 to 1,120 square feet. SOUTHAVEN, MISS. — Newmark Knight Frank (NKF) has arranged the sale of The Clare, a 352-unit multifamily community in Southaven. NKF also provided the buyer, ValCap Group, with a $25 million Freddie Mac acquisition loan. The Clare was constructed in 1997 and offers one-, two- and three-bedroom floor plans ranging from 723 to 1,120 square feet. Communal amenities include two swimming pools, a tennis court, volleyball court and a fitness center. The Clare, formerly known as Legacy at Church …
ValCap President speaks at IMN’s Middle-Market Multifamily Forums
Richard Fishman, President and Founder of ValCap, was a featured presenter at this year’s IMN Middle-Market Multifamily Forum conducted by both the East and Northeast chapters. He addressed the challenge of expanding from a mid-sized to larger-sized owner of multifamily properties. Richard shared his company’s experiences during the transition. IMN produces industry-leading educational and networking forums for real estate investment and funding opportunities. Richard is frequently invited as a speaker. For audio of Richard’s talk at the East session, visit https://www.imn.org/audiofull/856%7C0630595663850EA00?wle=YWxleC5wYWxvcmFudGFAZ21haWwuY29t …
Richard Fishman speaks at Crittenden Multifamily Conference
ValCap President and Founder Richard Fishman participated in a panel discussion at a featured Session of the recent Crittenden Multifamily Conference. The panel topic, Investment Strategies for 2019, was a highlight of the event, held March 25-27 in Dallas. View the panel discussion here. …
ValCap Moves Corporate Office with Purchase of Sugar Building in Dallas
In December 2017, ValCap completed the purchase of a new mixed-use property at 3203 McKinney Ave. in Dallas. The property, formerly known as the Sugar Building, is in the heart of the Uptown District. The contemporary structure consists of 4 stories with more than 5,000 square feet of office space, two residential units, and a parking garage. ValCap relocated its offices from San Antonio to this building in February 2018. …
ValCap Sells 190-Unit San Antonio Property
The ValCap Group recently sold the 190-unit multifamily property Tuscany At Westover Hills. We bought the property in 2014 from a receivership that had been operating it as an affordable-housing residential complex. It had suffered severely from deferred maintenance and a shortage of capital. ValCap’s business plan was to renovate the property and move forward with a conventional multifamily model. Our team renovated the exterior and substantially upgraded the interiors, with luxury upgrades on 20 percent of the units. …
ValCap President Richard Fishman Discusses Disposition
ValCap President Richard Fishman Discusses Disposition / Exit Strategies for Middle-Market Multifamily Properties ValCap President Richard Fishman recently participated in an Information Management Network forum to discuss Disposition/Exit Strategies for Middle-Market Multifamily Property owners. The IMN forum targeted small and mid-sized apartment owners and developers. To hear the talk, visit the IMN web page on the forum. …
