BH Properties Opens Houston Office to Manage Growing Portfolio in Central and Southern Texas

Brady Wilkins, Bh Properties

Brady Wilkins, Bh Properties

LOS ANGELESMarch 7, 2022PRLog — Los Angeles-based real estate investment firm BH Properties has opened a regional office in Houston to manage its growing portfolio in Central and Southern Texas under the direction of longtime Texas commercial real estate investment professional Brady Wilkins who joins the firm as Senior Asset Manager, announced company President Jim Brooks.

The new office led by Wilkins, who has spent the majority of his 30-year real estate career in Houston, complements the firm’s Dallas office headed by Senior Asset Manager Jordan Myller. BH Properties, which has approximately 40 percent of its 10 million-square-foot commercial and industrial real estate portfolio in Texas, has been particularly active in Central and Southern Texas over the past 24 months having invested in excess of $100 million on office, industrial and retail assets.

“Brady’s experience, extensive relationships and knowledge of the Central and Southern Texas real estate markets will be incredibly valuable as we continue to build our portfolio in Houston, Austin, San Antonio, Laredo and the Rio Grande Valley,” said Brooks.  “It was becoming increasingly difficult to manage such as geographically diverse portfolio from our office in Dallas.”

In addition to managing the firm’s two-million-square-foot portfolio in Central and Southern Texas, Wilkins also will support the BH acquisition team in its efforts to unearth further investment opportunities that may be missed by not having boots on the ground in Houston.

“I intend to leverage my experience across a full range of deal types and strong working relationships with a wide variety of stakeholders, consultants, contractors and community members, to increase the value of our portfolio and increase our presence in the Central and Southern Texas markets,” added Wilkins.

Prior to joining BH Properties, Wilkins was a Senior Vice President of Investment & Development for Houston-based Midway Companies where he led the planning and execution of various ground up mixed-use development projects, including retail, entertainment, office, hospitality, multi- and single-family residential.  Previously he was Senior Vice President/Commercial Division of The Woodlands-based Signorelli Company where he was directly responsible for the delivery of more than 650,000 square feet of retail, restaurant and entertainment space.

Wilkins, a licensed real estate broker, SIOR and CCIM designee earned a bachelor’s degree in Business Administration/Finance from Texas A&M University.

About BH Properties

Founded 30 years ago, privately held BH Properties (https://bhproperties.com (http://www.bhproperties.com/)) is a vertically integrated real estate investment company focusing on the acquisition and management of a geographically and product diverse portfolio of assets.  The Los Angeles-based company, with regional offices in Phoenix and Dallas continues to focus on value-add transactions, distressed debt, and ground leases.  Today the company owns and operates nearly 10 million square feet across 19 states.

Contact

Bruce Beck

DB&R Marketing Communications, Inc.

***@dbrpr.com

Secure properties and plan journeys ahead of storms

WEBWIRE

Should the worst happen, customers can register their claim online 24/7. -Kelly Whittington, director of property and speciality claims at Aviva



With storm warnings in place for many parts of the UK this week, Aviva is advising residents and business owners to carry out checks to their properties to help prevent damage. The insurer is also encouraging motorists to take extra precautions if they need to travel.


According to Aviva* research, almost a quarter of UK residents (23%) – equivalent to 6.4 million households** – have previously experienced damage to their homes due to extreme weather, with a third of UK residents (31%) concerned about potential damage to their homes during winter.


Kelly Whittington, director of property and speciality claims at Aviva said: “Storm Eunice is due to bring very strong winds to many parts of the UK, with some areas expected to experience gusts of up to 90 mph. The impact is expected to be widespread, affecting thousands of people across England and Wales.


“If it’s safe to do so, we’d urge people to check their properties and take preventative steps as soon as possible, to help minimise any damage the storms may cause. We’d also urge people to consider their travel plans this week and only make journeys which are absolutely necessary when the storms arrive.


“Should the worst happen, customers can register their claim online 24/7, and our claims teams are on standby and ready to help people whose homes, businesses or vehicles have suffered weather-related damage.”


Aviva customers wishing to make a claim can register their claim online at www.aviva.co.uk/help-and-support/claims


Aviva has put together the following advice to help people protect their properties and vehicles.


Before the storm – if it is safe to do so:

  • Check your roof: Look for loose or missing tiles, crumbling pointing or any other signs of damage. Also ensure any television aerials and satellite dishes are securely attached.
  • Secure your fence: Make sure fence panels are fixed in place and garden gates are in good working order, to avoid panels flying away or gates swinging wildly in the wind.
  • Remove hazardous branches: Cut down loose or overhanging branches in your garden, particularly those close to windows or power lines. But be careful: some trees are safeguarded and cannot be removed. Check with your local planning authority if you’re unsure whether a tree can be cut.
  • Keep gutters clear of moss and leaves: If your gutters overflow during a downpour, it’s time to give them a good clean. Remember to make sure they’re securely fixed in place once you’ve finished.


Professionals perform the above jobs for a reason. So if a task involves climbing up a ladder or working near power lines, be sure to get expert help.


When a storm’s approaching: home

  • Secure garden furniture: Put away ladders, garden furniture, children’s toys or anything else that strong winds could send hurling around.
  • Park vehicles in a garage: If you have a garage, use it. If you don’t have one, try to park well away from trees, walls or fences that could fall in the face of strong winds.
  • Close and fasten doors and windows: Don’t forget to secure less frequently used entrances, like loft trapdoors.
  • Keep pets indoors: Make sure pets are protected and small outside pets are brought indoors.
  • Prepare a storm emergency kit: Be prepared just in case you need to leave your home in the midst of the storm. Pack warm clothes, medicines, a torch and batteries.
  • It’s also a good idea to ensure your home insurance documents are easily accessible, just in case you need to contact your insurer.


When a storm’s approaching: motor

  • Plan your travels: If you are planning a trip in the next few days, consider whether you need to travel this week or whether you can reschedule your plans.
  • If you do need to go out, make sure your car is equipped:
  • Ensure you have enough fuel for your journey or your EV battery is charged. Vehicles use more fuel in heavy traffic and stop / start conditions and you may need to re-route your journey.
  • Take a mobile phone with you and check the battery is fully charged.
  • Pack a blanket, waterproof clothing and sturdy shoes, food and drink for you and your passengers, in case you get stranded or delayed.
  • Be suitably equipped for an emergency – a shovel, heavy-duty jump leads, a tow rope, first aid kit, torch, spare fuel can, warning triangle and a fire extinguisher are all useful to keep in your car.
  • When driving in poor weather, put your lights on and leave more room between you and the vehicle in front and allow more time for braking and accelerating.


During the storm


Once the storm hits, stay indoors as much as possible. Only head outside when it’s essential and only drive if your journey is absolutely necessary.


If you do hear something in your home break, don’t try to repair damage while the storm’s still in progress. Property can be repaired, but it’s more important to stay safe.


After the storm


If your home or belongings have been damaged, contact your insurer as soon as possible and let them know what’s happened. 


List any damage to your property and don’t throw anything away in case it’s needed for the claims process. It’s also a good idea to photograph or video the damage.


While you wait for the professionals to take care of any significant repairs, there are several things you can do to start the clean up once it’s safe to do so:

  • Use a plastic sheet to temporarily patch up damaged parts of your home that you can get to safely and easily.
  • You may wish to get a quote from a local tradesperson for repairs, for your insurer to review. This can sometimes be the quickest option during major weather events when lots of people are making claims.
  • Check in on vulnerable neighbours or relatives and help them make any arrangements for repairs.
  • Remember to keep clear of electrical or telephone cables that have been blown down or are hanging loose


Notes:


Source: Study of 2,000 UK adults, carried out by Censuswide Research on behalf of Aviva, September 2020.


** Based on 27.8 million UK households (ONS).


###

  • For information on how Aviva is helping our people, customers and communities impacted by COVID-19 visit: www.aviva.com/covid-19-our-response/
  • We exist to be with people when it really matters, throughout their lives. We have been taking care of people for 325 years, in line with our purpose of being ‘with you today, for a better tomorrow’. In 2020, we paid £30.6 billion in claims and benefits to our customers. 
  • Aviva is invested in our people, our customers, our communities and our planet. In 2021, we announced our plan to become a Net Zero carbon emissions company by 2040, the first major insurance company in the world to do so. This plan means Net Zero carbon emissions from our investments by 2040; setting out a clear pathway to get there with a cut of 25% in the carbon intensity of our investments by 2025 and of 60% by 2030; and Net Zero carbon emissions from our own operations and supply chain by 2030. Aviva has been leading this agenda for decades: Aviva was the first international insurer to go operationally carbon neutral in 2006 and we are champions of renewable energy and energy storage at our offices, allowing us to achieve our 2030 carbon reduction target (70% reduction on 2010 levels) 10 years early. Find out more about our climate goals at www.aviva.com/climate-goals and our sustainability ambition at www.aviva.com/sustainability.
  • Aviva is a Living Wage and Living Hours employer and provides market-leading benefits for our people, including flexible working, paid carers leave and equal parental leave. Find out more at https://www.aviva.com/about-us/our-people/
  • We are focused on the UK, Ireland and Canada where we have leading market positions and significant potential. We will invest for growth in these markets. We will also transform our performance and improve our efficiency. Our transformation will be underpinned by managing our balance sheet prudently, reducing debt and increasing our financial resilience. We also have strategic investments in Singapore, China and India.
  • At 30 June 2021, total Group assets under management at Aviva Group are £522 billion and our Solvency II shareholder capital surplus is £12 billion. Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index.
  • For more details on what we do, our business and how we help our customers, visit www.aviva.com/about-us 


Dedeaux Properties Acquires Land in Tejon Ranch with Plans to Develop Distribution Facility

Trcc Dedeaux Location Map

Trcc Dedeaux Location Map

LOS ANGELESFeb. 10, 2022PRLog — Dedeaux Properties has closed on the acquisition of a 12-acre land parcel entitled for up to 250,000 square feet of industrial development within the Tejon Ranch Commerce Center (TRCC) in Kern County’s Tejon Ranch, approximately 75 miles north of Downtown Los Angeles.

One of the most active developers of logistics-oriented facilities in Southern California, Dedeaux has submitted plans for a state-of-the-art speculative dry bulk warehouse/distribution facility with 32′ clear height and excess trailer parking. Once plans have been approved, Dedeaux expects construction to be completed in nine-to-twelve months.

Dedeaux currently manages a portfolio of more than six million square feet of warehouse, trucking and logistics properties, located in Los Angeles, the Inland Empire, Santa Clarita, and the San Francisco Bay Area.  Tejon Ranch provides another foothold in an important regional submarket as the firm continues to broaden its scope of warehouse and distribution solutions for retailers and logistics firms providing goods throughout California.

“The Greater Los Angeles market is increasingly becoming supply constrained putting upward pressure on rents, which in turn places greater pressure on supply chain costs,” said Dedeaux Properties Rishi Thakkar, who led efforts on this acquisition.  “Tejon Ranch, which is strategically located in the southern portion of California’s Central Valley, is a location that’s proven to represent a superior value proposition for regional users who need to move goods throughout the Western United States.”

The Tejon Ranch Commerce Center is a 20 million-square-foot master planned development on Interstate 5, just north of the Los Angeles basin.   Nearly six million square feet of industrial, commercial and retail space has already been developed, including distribution centers for IKEA, Caterpillar, Famous Footwear, L’Oreal and Dollar General.

“Dedeaux’s planned development further solidifies the attractiveness of the Tejon Ranch Commerce Center,” said Joseph N. Rentfro, Tejon Ranch Co.’s Executive Vice President of Real Estate.  “TRCC offers companies both a strategic location and significant logistics-based amenities, including ample fuel, parking, and food options for their employees.  Its location at the junction of I-5 and Highway 99 gives immediate access to the interstate, proximity to the Ports of Los Angeles and Long Beach, and provides a strategic base where companies can efficiently serve all of California and the adjacent western states.”

About Dedeaux Properties

Los Angeles-based Dedeaux Properties, LLC (http:www.dedeauxproperties.com) focuses on the investment and development of logistics-oriented properties and is affiliated with family controlled DART Warehouse Corporation, a national full-service logistics provider founded in 1936. In addition to a portfolio of approximately six million square feet of industrial space, Dedeaux Properties has an active pipeline of more than two million square feet of industrial properties including warehouse/distribution, truck terminals, trailer yards, and cold storage facilities.

Contact

Bruce Beck

DB&R Marketing Communications, Inc.

***@dbrpr.com

DaFa Properties Announces 2021 Interim Results

The board (the “Board”) of directors (the “Directors”) of DaFa Properties Group Limited (“DaFa Properties” or the “Company”, together with its subsidiaries, the “Group”; Stock Code: 6111.HK) is pleased to announce the unaudited interim results of the Group for the six months ended 30 June 2021 (the “Reporting Period”).

DaFa Properties 2021 Interim Results Highlights
(For the six months ended 30 June 2021)
— Contracted sales were approx. RMB 25.81 billion, representing a significant YoY increase of approx. 130%;
— The contracted GFA was approx. 1.59 million sq.m., representing a YoY increase of approx. 99%;
— Revenue was approx. RMB5.25 billion, representing a YoY increase of approx. 51%;
— Profit for the year was approx. RMB443.97 million, representing a YoY increase of approx. 154%;
— Total assets were approx. RMB39.55 billion, representing an increase of approx. 13% as compared to 31 December 2020;
— Net gearing ratio was approx. 56%;
— Total cash to short-term debt ratio was approx. 1.4 times;
— Liabilities to assets ratio (excluding receipts in advance) was approx. 69%;
— Declares an interim dividend of RMB4.8 cents per share for the six months ended 30 June 2021

In the Reporting Period, DaFa Properties achieved sustainable growth, performed excellently in multiple dimensions including contracted sales, land reserves, financial indicators, and its capital structure, indicating increased speed and efficiency to maintain good momentum. In the face of COVID-19, the Group continues to adhere to the “1+1+X” strategic guidance, actively deploy products and marketing, and delivering growth in both sales and profitability. The contracted sales of the Group were mainly generated from Yangtze River Delta Region and Chengyu Region where the Group has been intensively penetrating. During the Reporting Period, the Group recorded accumulated contracted sales of approx. RMB25.81 billion, increased by approx. 130% YoY; the accumulated contracted GFA grew by approx. 99% YoY to approx. 1.59 million sq.m. and the contracted average selling price increased by approx. 16% YoY to approx. RMB16,229 per sq.m..

Deep Penetration of the Yangtze River Delta Region, Positioned its Presence in the Golden Metropolitan Clusters Nationwide
During the Reporting Period, the Group adhered to the “1+1+X” strategic guidance, comprehensively deepen the development of golden metropolitan clusters nationwide such as the Yangtze River Delta Region and the Chengyu Region. At the same time, the Group enriched land reserves with a strategic land acquisition strategy and projects across different cities including Wenzhou, Ningbo, Hefei, Chengdu, Changzhou and Wuhu. Currently, the Group has 86 projects under development and completed projects, 71 of which are located in the Yangtze River Delta Region. First-and second-tier cities accounted for approx. 80% of the total saleable resources of the Group, reflecting our high quality and potential land reserves. DaFa Properties actively penetrated the presence with reasonable and attractive land costs to ensure the sustainable development of the Group’s land reserves. The Group acquired seven new land parcels with a total GFA of approx. 1.14 million sq.m..

Outstanding Profitability with a Stable and Healthy Assets Scale
Benefited from stable and healthy sales growth, the profitability of DaFa Properties has been further enhanced. During the Reporting Period, DaFa Properties recorded revenue of approx. RMB5.25 billion, representing a YoY increase of approx. 51%. Gross profit was approx. RMB1.05 billion, representing a YoY increase of approx. 51%; Gross profit margin was approx. 20.1%; Profit for the period was approx. RMB443.97 million, representing a YoY increase of approx. 154%;The Group’s assets scale has further increased, with total assets increased by approx. 13% to approx. RMB39.55 billion compared to 31 December 2020. Total equity increased by approx. 12% to approx. RMB9.87 billion compared to 31 December 2020.

Healthy Financial Performance, Adhering to “Green-tier Operation”
DaFa Properties has always strictly controlled its financial indicators while maintaining steady growth. The Group continuously managed its financial leverage and optimized its capital structure, adhering to “green-tier operation”. As at 30 June 2021, the Group’s net gearing ratio has further decreased to approx. 56%; the liabilities to assets ratio after excluding receipts in advance was approx. 69%; the total cash to current borrowings ratio remained at a sounded level of approx. 1.4 times.

Building Diversified Financing Channels Actively
During the Reporting Period, DaFa Properties actively expanded diversified financing channels while maintaining a good relationship with numerous banks and financial institutions. During the Reporting Period, the Group received new integrated credits by Ping An Bank and Agricultural Bank, exploiting abundant and stable sources of funds for long-term development. On 23 August 2021, DaFa received offshore commercial bank loans for the first time. The Group was granted a US$30 million term loan facility from the Hang Seng Bank, fully demonstrating the recognition and confidence from the capital market to the Group.

Mr. GE Yiyang, Chairman of DaFa Properties said: “Looking ahead to the second half of 2021, ‘Houses are for living but not for speculation’ is still the main theme; the central and local governments have intensively introduced austerity policies to stabilise market expectations. However, with the continuous promotion of new urbanization with people as the core, the demand in the real estate market remains strong. In the face of the growth trend of ongoing upgrade, the Group will continue to adhere to the ‘1+1+X’ strategic guidance, actively deploy products, marketing and investment, and comprehensively deepen the development of golden metropolitan clusters nationwide, such as the Yangtze River Delta Region and the Chengyu Region. At the same time, the Group will enrich land reserves with strategic land acquisition strategy and actively expand the diversified domestic and overseas financing channels, while continuously optimising the financial structure, reducing the financing costs, strictly managing the financial risks in adherence to ‘green-tier operation’. The year 2021 marks the 25th anniversary of the establishment of DaFa Properties, and the Group will also usher in the third anniversary of listing in the second half of the year. While strengthening the concept of shareholder value management, we will integrate shareholder value throughout the whole cycle of investment, operation, budget and incentives, with a view to enhancing the overall competitiveness of the Group and ensuring its healthy and stable development.”

About DaFa Properties Group Limited
DaFa Properties Group Limited (DaFa Properties), incorporated in 1996 and headquartered in Shanghai, is a real estate developer specializing in developing and selling residential properties mainly in the Yangtze River Delta Region and Chengdu-Chongqing Metropolitan Area. The Group has vigorously practiced the brand positioning of “Design for Life” and upheld the business philosophy of “Integrity, Innovation, Pursuing Excellence” for years, provided customers with quality properties and created specific living scenarios through high-quality real estate properties. As of 30 June 2021, the Group, together with its joint ventures and associates, had 86 projects under construction and completed in total, of which 71 are based in the Yangtze River Delta Region. As a “pleasant living service provider”, DaFa Properties has built its sound reputation, thanks to its 25 years of extensive industry experience, outstanding product quality, and product portfolios. It will continue to unremittingly dedicate itself to build better city life, improve living quality, and raise residential experience standards.

For more information:
Investor Relations Department of DaFa Properties Group Limited
Alice WANG
Tel.: (852) 3976 8600
Email: ir@dafaland.com

Citigate Dewe Rogerson
Linda PUI
Tel: (852)3103 0118 / 9700 0178
Email: dafa@citigatedewerogerson.com


Topic: Press release summary

American Properties to support Fulfill

American Properties Realty, Inc. will donate $100 to Fulfill with every new home sold at Heritage at Middletown.

By: American Properties Realty, Inc.

Furnished model at Heritage at Middletown.

Furnished model at Heritage at Middletown.

ISELIN, N.J.June 17, 2021PRLog — Let’s fight hunger together – one homebuyer, one family, one person at a time. American Properties Realty, Inc. has announced that it will donate $100 to Fulfill for every home sold at Heritage at Middletown.

“We are so excited to be able to give back to the community by supporting Fulfill’s mission to alleviate hunger and build food security in Monmouth and Ocean Counties,” said Paul Csik, Senior Vice President of American Properties Realty, Inc. “All people at all times should have access to enough nutritious food to maintain an active and healthy lifestyle.”

In 2019, Fulfill has provided 12.3 million meals through over 280+ food pantries and soup kitchens; served 187,000 meals for kids through backpack, after-school, and summer food programs, and helped 13,195 people through mobile pantries, including seniors and veterans. The nonprofit has also provided tax refund assistance, SNAP enrollment assistance, culinary training, affordable healthcare and more. “With .96 cents of every dollar donated going directly to food and services, we are pleased to be able to help Fulfill strengthen our communities,” Csik added.

With every home sold, American Properties will donate $100 in the homebuyer’s name to Fulfill. For those looking to get into a new home quickly and take advantage of low interest rates, Csik urges you to learn more about Heritage at Middletown in Middletown, NJ. “Now is the time to make your move,” Csik added.

Heritage at Middletown is a new community of 3-4-bedroom townhomes located at 2507 Evans Lane in Middletown. Priced from the low $500s, Heritage at Middletown has opened its third phase of homes. Home designs feature three to four bedrooms, two-and-a-half to three-and-a-half baths and up to 2,621 sq. ft. of living space. Construction has commenced on a community clubhouse. Furnished models are now open. Those interested can visit https://americanproperties.as.me/schedule.php to schedule a private tour. Be sure to ask about recently released home sites.  To learn more, call Kelly Flanagan at 732-533-5150 or kflanagan@americanproperties.net.

“Anyone interested in purchasing a new home at Heritage at Middletown should reach out to us directly,” said Csik. “Our team is ready to help find you find your dream home.”

About Fulfill FoodBank, formerly The FoodBank of Monmouth and Ocean Counties   Fulfill’s mission is to alleviate hunger and build food security in Monmouth and Ocean Counties and to make sure that all people at all times have access to enough nutritious food to maintain an active and healthy life. Follow Fulfill on Facebook, Twitter, LinkedIn, Instagram and YouTube, and share posts to help raise awareness about hunger. To donate or volunteer, go to fulfillnj.org. Sponsorship opportunities are also available.

About American Properties Realty, Inc.

American Properties Realty, Inc., A Licensed Real Estate Broker, continues its proud 45-year tradition of introducing award winning communities that provide excellent quality, convenient locations and affordable pricing for New Jersey homebuyers. The Principals of American Properties Realty, Inc., have been involved in the creation of over 10,000 residences ranging from luxurious estate homes to award-winning master planned communities of apartments, condominiums, townhomes and single-family homes.