Prologis Inc.(HQ in Denver) sells 7.5-million sq ft. portfolio to TPG Capital

SAN FRANCISCO—GlobeSt.com reports that Prologis Inc.  (HQ in Denver) has closed on the sale of a 7.5-million-square-foot industrial portfolio to TPG Capital. It’s the second time the industrial REIT has traded assets to Dallas-based TPG, although the first time the transaction has occurred strictly within the industrial sector.

Deal terms were not disclosed. JLL cites a purchase price of $375 million, or about $54 per square foot, for the 59-asset deal. 

The portfolio spans nine markets, including Columbus, OH; Chicago; Cincinnati; Dallas; Denver; El Paso, TX; Los Angeles; Portland, OR; and Seattle. Prologis did not identify the assets by address or size; industry data cite a seven-property portfolio of specific properties in suburbs of Denver, Los Angeles, Portland and Seattle, ranging in size from 100,000 square feet for a Rexam Beverage Can facility in Kent, WA to 281,456 square feet for a property in Redondo Beach, CA.

In late 2010, Prologis announced the $505-million sale of a portfolio of US retail and mixed-use assets that it acquired in its 2005 merger with Catellus?along with the Catellus name?to TPG. It included four shopping centers, two office buildings, 11 mixed-use projects with related land and development agreements, two residential development joint ventures, Los Angeles Union Station, certain ground leases and other right-of-way leases. The deal was completed early the following year.

In its most recently quarterly earnings report in late April, Prologis said its core funds from operations rose to 43 cents per share from 40 cents per share in the first quarter of 2013. It also reported a 3% year-over-year rise in GAAP same-store NOI, an increase it attributed to higher occupancy and increasing rents.

The acquisition from Prologis marks TPG’s second major commercial real estate investment this week. The other was an acquisition by a partnership of TPG, PAG Asia Capital and Ontario Teachers’ Pension Plan for property services firm DTZ for $1.215 billion.

Prefered markets for Canadian Commercial Investors

GlobeSt.com interview with Brian Ward, president ofColliers International’s Capital Markets group in the Americas.

Ward: Canadian investors are no different than any other sophisticated global investor.  They want a couple things: markets in geographic proximity to their home turf, such as Seattle, Chicago, Boston, New York and coastal markets that offer the best opportunities for strong real wage growth and demonstrated multiple exit strategies, such as San Francisco, Southern California,, Washington, D.C., and South Florida. Note that I am seeing more Canadian investors going global like many US private equity funds, and are now aggressively competing for product in the UK and Western Europe.

Marriott development to be sold with Bitcoin - maybe

Marriott development to be sold with Bitcoin - Maybe

According to Bloomberg, The man the media call “Bitcoin Jesus” is selling a Marriott development on the island of St Kitts and Nevis with the facility for buyers to purchase with online Bitcoins, the online cryto-currency.  

Buyers spending over $400,000 receive citizenship and a passport allowing visa-free travel in 120 countries.

It will be the first time physical real estate and citizenship will be available for purchase by a currency not-backed by a central government and not subject to the same money-laundering rules of traditional purchases.

Bitcoin trader and convicted weapons dealer Roger Ver claims to have the “exclusive right to sell” properties being developed by Marriot on St. Kitts and along a golf course it owns there.  His website is translated in Chinese and Russian and he begins a tour of China later this month to promote his services.

However, Brian Johnson, MD or Platinum Financial Services, a-Moscow-based IFA who promotes property in St Kitts says something does not add up. 

"First of all the company mentioned is not listed as an approved person to submit applications. We have to use our sister company in St Kitts which is called Civis and run by Legrand Elebash.

Secondly all funds paid to the government have to come from a proven source. Bit coins can’t be proved so how could they be used? You can’t just turn up in St Kitts with a bag of cash?"

However, if the Bloomberg story is true and the St Kitts government is relaxing the rules the appeal to citizens of countries like China and Russia will be huge.  You can purchase and sell Bitcoins anonymously and easily online without government scrutiny or tax liabilities. Transactions costs are also low.

Bitcoins were developed as a de-centralised virtual currency in 2009.  The total supply is capped at an arbitrary limit of 21 million and every four years the creation rate is halved.  The price of Bitcoins can be votatile and the price was most-famously hit when online drugs supermarket The Silk Road was closed by US Federal government in October 2013.

Real Estate Investing, Free Education & Networking Events Denver Area

Upcoming Networking and Real Estate Investing Education Events:

view short Video and RSVP for the July 15th Event 

Please RSVP to ManhelmGlobal@gmail.com so we can properly prepare the seating.

http://www.strongbrook.info/re/manhelmglobal

Monday June 16^th:

Strongbrook Business building presentation. 12.30 -3 pm only

Koelbel Library Room A, 5955 S. Holly Street, Centennial, CO,

(replaced 4M Manfred Money Maker Mentoring Team Meeting, since I am unable to attend this meeting)

Tuesday June 17:

IANC Investors Aid Network of Colorado (Real Estate Education survivors), Meetup Speaker Session:  5.30 – 8pm

Castlewood Library, 6739 S. Uinta Street, Centennial, CO   (Paul Manion Meeting Room)

“Basic Money Principles for Real Estate Investors.” 

I know the Presenter Bill Leonard.  He will open your eyes to multiple income streams and what not to do.

http://www.meetup.com/Investors-Aid-Network-of-Colorado/

Pine Financial Group,  1,012 (978) Members.  Meet 3d Tuesday of the Month. 6-8 pm

Red & Jerry's 1840 W Oxford Ave, Englewood

http://www.pinefinancialgroup.com/        http://www.pinefinancialgroup.com/free-events/

PULSE, Pulse real estate Investment Association,    107 (74) members.   Meet 3d Tuesday of the Month.  6 – 8 pm.

Blake Street Tavern,  2301 Blake St, Denver (303-675-0505) 

Thursday June 19:

WIP Womens InvestmentGroup,  273  (271) Members.   Meet 3d Thursday of the Month.

Perkins Restaurant & Bakery (1995 South Colorado Boulevard, Denver, CO 80210)  7 – 9 pm

Saturday June 21, 9:30-5:00 pm!:

Top Real Estate Investment & Business Developmt. Training  (What Education Gurus charge $3,000 - $12,000 for).

All Day FREE training by invitation only. 

Stephen Miller (one of the Strongbrook co-founders) will be here to conduct the GEM Training.

Lakewood Vista Clubhouse, 1653 S Cole St, Lakewood CO 80228  (West Denver  SE of I 70, 6^th Ave and C 470).

9.30-1pm Game Plan Report 3.5 Hours  (Bring a box or bag Lunch).

What to bring: a bag lunch, notebook and pen, and a mind ready to absorb.

There won't be food services there, so don't forget to bring your lunch. We'll have some snacks as well, 

but there won't be an opportunity to go out for lunch.  Full day to get the maximum benefit from our guest presenters

1pm-5pm Estate Planning, RE Investment, new marketing tools that work 4 Hours.

6-8pm Dinner with Stephen Miller.

Please RSVP to ManhelmGlobal@gmail.com so we can properly prepare the seating.

Monday June 23^rd:

IANC Investors Aid Network of Colorado (Real Estate Education survivors), Meetup Speaker Session:  5.30-8 pm

Castlewood Library, 6739 S. Uinta Street, Centennial, CO   (Paul Manion Meeting Room)

“Using Hard Money Loans to Fund Your Real Estate Investments”

Guest Speaker Justin Cooper from Pine Financial.  Justin is one of the most knowledgeable people on the Wholesale, Fix & Flip and Fix & Hold market in Colorado.   http://www.meetup.com/Investors-Aid-Network-of-Colorado/  

Wednesday June 25:

Bootstrap your small business marketing without spending too much time or money!  8:30 – 10:30 am

The Innovation Pavilion, 9200 E Mineral Ave. Centennial, CO 80112.  FREE Seminar

How to automate your marketing without a large investment in time and money.

Email marketing strategies.  Why blogging is ACTUALLY a timesaver!

How to build campaigns that will win you more business and help you compete more effectively!

http://orbtr.net/lp/bootstrap-it-62514/

CAREI, Colorado Association of Real Estate Investors, 1,500+ members,  Meet 4^th Wednesday of the Month 

PPA Event Center 2105 Decatur Street, Denver  Cost $20/ Mtg  no exception.  

Thursday June 26:

4M Manfred Money Maker Mentoring, Information Seminar for Investors:  12.30 -3 pm.   

Koelbel Library Room A, 5955 S. Holly Street, Centennial, CO,

Special Session for Real Estate Investors and those looking into real estate investing as an additional income stream. 

Guest Speakers:  Ann Whigham and Manfred Chemek

Connected Real Estate Investors, 723 Members.  Meet 4^th Thursday of the Month in Lafayette.  5.30-9.00 pm

“Let's Celebrate Summer with a Networking Party!”

Special Event in backyard of co-organizer Katy Fleming.  Check meetup for details.

http://www.meetup.com/Connected-Real-Estate-Investors-of-Denver-CO-Region/

Friday June 27:

Cash Flow 101 the Investment game 4^th Friday of the Month.  Perkins Restaurant & Bakery (1995 South Colorado Boulevard, Denver, CO 80210)  7 – 9 p

Wednesday July 9:

Boulder StartUp Meetup  2,889 Members. Meet 2^nd Wednesday of the Month.  5:30 – 8:00 PM

http://www.meetup.com/BoulderStartUp/

ICOR, Investment Community of the Rockies,  194 Members.  Meet 2nd Wednesday of the Month.  6:00 – 9:00 pm

http://www.meetup.com/icorockies-denver/

Thursday July 10:

IRROC, Investors Realty Resource of Colorado.   1,008 (1,002) Members.  Meet 1st Thursday of the Month. 

Embassy Suites Denver Southeast, 7525 East Hampden Ave. Denver, CO

http://www.meetup.com/IRRofColorado/

Tuesday July 15:

Strongbrook, Real Estate Investment Franchise: Grand Openings and re Launch:

Koelbel Library, 5955 S. Holly Street, Centennial, CO, ( Exit I 25 at Orchard and go West to Holly Str.)  Rooms A and B.  5:30-9:00 pm

Featuring Guest Speaker Kris Krohn,  Author of the bestselling Books: “The Strait Path to Real Estate Wealth” and

“The Conscious Creator: Six Laws for Manifesting Your Masterpiece Life”

Kris Krohn will discuss how he tried various investment strategies until he developed his straight path to success strategy by age 23. 

He was able to retire 3 years later at age 26, as a Millionaire in both assets and annual positive cash flow of over $ 1 Million/year.

This system is proven to work in every market cycle, especially down markets.  Author Kris explains the system in depth.

He demonstrates why other strategies and systems fail and reveals how to escape their pitfalls.  He also exposes the flaws of America’s traditional retirement advice and products and offers a refreshing, practical, and safe alternative. 

This is a most unusual opportunity.  For the first time you will have the opportunity to hear, ask questions and interact one on one with one of the most successful Real Estate Millionaire’s, who has made his money buying and holding investment grade residential Homes.  With any of the top Real Estate Education Programs offered via the paid 3 day or longer courses, you'd never get the opportunity to meet and interact with one of the founders of the company until you paid $15,000 or more to attend a special event. (And even then, you'd most likely just be seeing them up on a big stage and not interacting with you 1:1).

Please RSVP to ManhelmGlobal@gmail.com so we can properly prepare the seating.

http://www.strongbrook.info/re/manhelmglobal