Press Releases

Envoy Closes Sale/Leaseback of 38,000 SF Industrial Property For Largest Minority Owned Flooring Contractor in Chicago

The transaction represents Envoy’s entry into the prime O’Hare industrial market
and ongoing push to offer both traditional and “reversible” sale/leaseback options

CHICAGO, FEB. 11, 2019 — Envoy Net Lease Partners, a real estate finance company specializing in single-tenant commercial properties, today announced the acquisition of a 38,000-square-foot industrial building from Escorza Tile, Inc., the largest minority owned flooring contractor in greater Chicago.

The property, located in Elk Grove Village industrial park — the largest industrial park in the U.S. — will be leased to Escorza on a triple net basis for 10 years with annual rent increases. Envoy’s sale/leaseback program offers owners of industrial, medical, office, retail and special-purpose properties both traditional and “reversible” sale/leaseback formats that were previously unavailable — including short-term purchase options, partial leasebacks and shortterm transitional lease terms.

“We’re happy to have collaborated with Matt Bear of Bear Real Estate Advisors to bring this deal to fruition on behalf of Escorza, which has been serving the Chicago metropolitan market for nearly two decades,” said Envoy President Ralph N. Cram, who added: “Sale/leasebacks are the solution to companies seeking to monetize their real estate while keeping control of their real estate long-term. We believe more and more companies will be looking to use sale/leaseback transitions over the next few years as other lenders pull back.”

The seller was represented by Chad Arthur of Arthur Brokerage. Inland Bank & Trust, through SVP Chris Metcalf, provided the acquisition financing for this transaction.

About Envoy Net Lease Partners
Based in greater Chicago, Envoy Net Lease Partners, is a leading provider of short-term financing for single-tenant net lease properties since 2011. Envoy provides up to 100 percent financing in the form of high-leverage construction and bridge loans, ground lease loans, sale/ leasebacks and JV equity financing, for transactions that are often too small or complex to attract
the interest of institutional investors and lenders.

Envoy seeks qualified projects anywhere in the U.S. To learn more, visit envoynnn.com.

Bear Real Estate Advisors Represents Global Medical REIT in $17 Million Medical Office Building Acquisition in Greater Los Angeles

LOS ANGELES – (Jan. 17, 2019) – Bear Real Estate Advisors announced today that the real estate investment services firm represented Global Medical REIT (NYSE: GMRE) in its acquisition of an approximately 42,000-square-foot, Class A medical office building located in the Los Angeles suburb of Corona, Calif. Global Medical REIT acquired the property for approximately $17 million.
Located at 2250 S. Main St., the medical office building was built in 2009 and is 100 percent leased. The eight-tenant building is master-leased on a triple net basis to regional healthcare provider Citrus Valley Medical Associates for 12 years with annual rental increases.
“This medical office building is well-located less than two miles from Corona Regional Medical Center, a 238-bed community hospital,” said Matt Bear, founder and chief executive officer. “This is an excellent example of Bear Real Estate Advisor’s ability to source and secure attractive investment properties for our clients despite an increasingly challenging acquisition environment. This is one of many transactions we have completed for Global Medical REIT, a relationship we highly value. The company’s internal acquisitions team’s ability to execute complicated deals with flawless precision makes them a joy to work with.”
Citrus Valley Medical Associates is a group practice that specializes in allergy & immunology, family medicine, internal medicine, occupational medicine, cardiology and pediatrics.
“Once again, Bear was able to source and identify a market opportunity that fit Global Medical REIT’s business plan and work with the sellers to craft and complete an ideal structure for all parties,” said Ray Braun, senior vice president, acquisitions of Global Medical REIT. “We are excited about our latest investment and could not be happier with the job that Matt Bear did for us.”
The property exchanged hands in a sale/leaseback transaction and was sold by Circle City Medical Properties and RSS Moscoso. The sellers were represented by John Bosko, senior vice president with NAI Capital.

About Bear Real Estate Advisors
Bear Real Estate Advisors, founded in 2018 and headquartered in Las Vegas, is a boutique real estate investment services firm that caters to investors looking for personalized service and real world, battle-tested acquisition and disposition advice. The firm focuses on Section 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, joint venture advisory, capital structure advisory, build-to-suit developments, debt/equity, specialized search and family office/professional investor buyside representation. For more information, go to www.bear-advisors.com.

Bear Real Estate Advisors Represents Capital Square 1031 in Acquisition of Class A Headquarters Office Building Near Charlotte, N.C.

CHARLOTTE, N.C. – (Dec. 18, 2018) – Bear Real Estate Advisors announced today that the real estate investment services firm represented Capital Square 1031 in its acquisition of an approximately 150,000-square-foot, Class A corporate headquarters office building located in the Charlotte, North Carolina suburb of Fort Mill, South Carolina.

The property will be offered as an investment by Capital Square, a leading national real estate investment sponsor.

Located at 8106 Calvin Hall Road, the three-story facility is 100 percent leased to CompuCom Systems Inc. on a triple net basis, with 14 years remaining on the 15-year lease. The property is situated on approximately 19 acres of land. CompuCom is a wholly-owned subsidiary of Office Depot Inc., and provides end-to-end managed services, technology and consulting to enable the digital workplace for enterprise, midsize and small businesses.

“This is a well-located building with an award-winning, state-of-the-art design that features a complete package of amenities to meet the needs of its high quality tenant,” said Matt Bear, founder and chief executive officer of Bear Real Estate Advisors. “This transaction is an outstanding example of Bear Real Estate Advisors’ ability to wade through the sea of options out there to locate the best investment property for our clients, and to advocate on their behalf to meet their investment goals.”

CompuCom’s clients include six of the top 10 Fortune 500 companies, seven of the top 10 retailers in North America and six of the top 10 financial services firms. CompuCom, which has 11,000 associates and more than 100,000 certifications, manages and supports more than 5 million end users, 8 million service desk contacts, 1 million mobile devices, 6.4 million stationary devices and 2.4 million network devices.

“Matt Bear has once again sourced an exceptional investment property for our firm, with this acquisition marking the third from the Bear Real Estate Advisors team in 2018,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. “We couldn’t be more pleased as we add this very modern, well-located digital campus property to our national portfolio.”

CompuCom houses its proprietary Internet of Things system at the property, that connects, automates and controls all electric systems and devices within the building. The company reports in its digital campus case study, that the operating efficiencies of its digital campus allow it to operate at approximately 16 percent less expense than their previous headquarters. The company was named the 2018 Leader by Gartner Magic Quadrant Managed Workplace Services, North America; 2018 #1 End-User Device by Gartner Critical Capabilities, Managed Workplace Services, North America; and a 2018 Top 50 Best Workplace by the Silicon Review.

About Bear Real Estate Advisors
Bear Real Estate Advisors, founded in 2018 and headquartered in Las Vegas, is a boutique real estate investment services firm that caters to investors looking for personalized service and real world, battle-tested acquisition and disposition advice. The firm focuses on Section 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, joint venture advisory, capital structure advisory, build-to-suit developments, debt/equity, specialized search and family office/professional investor buyside representation. For more information, go to www.bear-advisors.com.

Bear Real Estate Advisors Represents Capital Square 1031 in Acquisition of Class A Memory Care Facility Near Houston

HOUSTON – (Sept. 10, 2018) – Bear Real Estate Advisors announced today that the real estate investment services firm represented Capital Square 1031 in its acquisition of a 10,000-square-foot, Class A memory care facility in the Houston suburb of Spring, Texas.

Located at the intersection of Spring Cypress Road and Champion Forest Drive, the newly constructed, 16-bed facility is 100 percent leased for 15 years on an absolute net basis to Village Green Alzheimer’s Care Home. The facility is in Greater Houston, the fifth largest metropolitan area in the U.S., and is surrounded by several large residential developments.

“This memory care facility’s long-term lease and ideal location, coupled with the fact that demand for assisted living and memory care facilities is currently on the rise, position it as an attractive investment property,” said Matt Bear, founder and chief executive officer of Bear Real Estate Advisors. “The successful closing of this property serves as a prime example of Bear Real Estate Advisors’ ability to source the best properties with the right attributes for our clients.”

Village Green Alzheimer’s Care Home specializes in caring for seniors living with memory impairments such as Alzheimer’s Disease and dementia. The facility’s intimate size creates a home-like setting for its residents and allows the 24-hour staff to deliver specialized care specifically tailored to each resident.

“Capital Square would like to thank Matt and Bear Real Estate Advisors for sourcing another high-quality, newly constructed medical property that closed in record time without any issues,” said Louis Rogers, founder and chief executive officer of Capital Square 1031.

The seller, Verdad Real Estate, was represented by Bill Pyle, vice president with Edge Realty Capital Markets.

About Bear Real Estate Advisors
Bear Real Estate Advisors, founded in 2018 and headquartered in Las Vegas, is a boutique real estate investment services firm that caters to investors looking for personalized service and real world, battle-tested acquisition and disposition advice. The firm focuses on Section 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, joint venture advisory, capital structure advisory, build-to-suit developments, debt/equity, specialized search and family office/professional investor buyside representation. For more information, go to www.bear-advisors.com.

Bear Real Estate Advisors Represents Columbia Property Investors in More Than $6 Million Acquisition of Medical Office Building

PHILADELPHIA – (Aug. 2, 2018) – Bear Real Estate Advisors announced today that the real estate investment services firm represented Columbia Property Investors in its acquisition of a 15,000-square-foot medical office building 100 percent leased to St. Luke’s University Health Network in Brodheadsville, Pennsylvania. Columbia Property Investors acquired the property for in excess of $6 million.

Located at the intersection of Pennsylvania Route 715 and U.S. Route 209, the building was completed in 2017 as a build-to-suit for St. Luke’s University Health Network’s Monroe Campus.
“This medical office building’s long-term lease and special construction for a major Pennsylvania hospital system makes it an attractive investment property,” said Matt Bear, founder and chief executive officer of Bear Real Estate Advisors. “This successful closing demonstrates the soundness of the Bear Real Estate Advisors system of locating the right property and matching it to the right investor. St. Luke’s University Health Network is a fully integrated, regional non-profit network that is widely recognized in multiple counties in Pennsylvania and New Jersey, ultimately adding to the property’s inherent value.”

The regional healthcare provider hosts physical therapy, primary care, Care Now and lab blood draw services at the single-story facility.
“We are pleased to have closed on this acquisition of an attractive medical office building with a strong, long-term tenant, and to have Bear Real Estate Advisors help us out in every step of the way,” said Donald L. Hanson of Columbia Property Investors.

Founded in 1872, St. Luke’s University Health Network is a fully integrated, regional, non-profit network providing services at seven hospitals and more than 270 outpatient sites in the greater Lehigh Valley. The network’s service area includes 10 counties: Lehigh, Northampton, Carbon, Schuylkill, Bucks, Montgomery, Berks and Monroe counties in Pennsylvania and Warren and Hunterdon counties in New Jersey. St. Luke’s also operates the nation’s oldest School of Nursing and 23 graduate medical educational programs.
The seller, Ashley Development Corporation, was represented by Andrew Randolph of ALT Realty. Ashley Development constructed the property for St. Luke’s University Health Network’s Monroe campus beginning in May 2017.

“It was a pleasure to work with Matt Bear throughout the sale process of the St. Luke’s – Brodheadsville medical office building in such a seamless fashion,” said Lou Pektor, CEO of Ashley Development.

Ashley Development Corporation is a real estate development firm specializing in mixed-use projects in urban areas and the adaptive re-use of existing structures. Founded in 1989, the firm focuses on both residential and commercial projects.

About Bear Real Estate Advisors
Bear Real Estate Advisors, founded in 2018 and headquartered in Las Vegas, is a boutique real estate investment services firm that caters to investors looking for personalized service and real world, battle-tested acquisition and disposition advice. The firm focuses on Section 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, joint venture advisory, capital structure advisory, build-to-suit developments, debt/equity, specialized search and family office/professional investor buyside representation. For more information, go to www.bear-advisors.com.

Bear Real Estate Advisors Represents Capital Square 1031 in its Acquisition of New Office Building in Jacksonville, Florida

JACKSONVILLE, Fla. – (June 13, 2018) – Bear Real Estate Advisors, a real estate investment services firm,  announced today that Matt Bear, founder and chief executive officer, represented Capital Square 1031, LLC in its acquisition of 14701 Philips Highway, a 45,000-square-foot Class A office building in Jacksonville, Florida.

“This property’s new construction, long-term absolute net lease, excellent location and demand for office space in the local area make it an attractive investment property,” said Bear. “The property’s tenant, Dream Finders Homes, has been recognized with multiple local awards for their success. The company is expected to continue its pattern of growth, which bodes well for this investment property.”

Situated on 3.1 acres of land, 14701 Philips Highway is a three-story office building that is 100 percent leased to Dream Finders Homes, one of the leading private homebuilders in the country. The property was constructed as a build-for-suit for the tenant and was completed in February 2018. Dream Finders Homes uses the property as its corporate headquarters, as well as its design center and closing office.

“This is another phenomenal asset that Matt Bear has sourced for Capital Square,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. “Matt and his team at Bear Real Estate Advisors have demonstrated their ability to find exceptional assets along the lines of the Tampa Pharma building and, now, Dream Finders Homes building. We couldn’t be more pleased.”

Capital Square 1031 is a national real estate investment and management company that sponsors real estate exchange programs that qualify for tax deferral under Section 1031 of the Internal Revenue Code.

About Bear Real Estate Advisors

Bear Real Estate Advisors, founded in 2018 and headquartered in Las Vegas, is a boutique real estate investment services firm that caters to investors looking for personalized service and real world, battle-tested acquisition and disposition advice. The firm focuses on Section 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, joint venture advisory, capital structure advisory, build-to-suit developments, debt/equity, specialized search and family office/professional investor buyside representation. For more information, go to www.bear-advisors.com.

Bear Real Estate Advisors Founder Matt Bear to Moderate Panel at 16th Annual RealShare Net Lease Conference in New York

NEW YORK – (Mar. 29, 2018) – Bear Real Estate Advisors announced today that its founder and CEO Matt Bear will moderate the Increasing the Inventory: 2018 Sector Developments panel at the 16th RealShare Net Lease Conference on Thursday, April 5, 2018 at the Park Lane Hotel in New York City.

The session will explore how a more business-friendly political and tax environment should also drive greater business growth and real estate expansion for tenants across the country. It will also review how this environment will encourage a greater level of new construction, adding more assets to the market in 2018 and beyond.

Industry professionals will join Bear in offering insights on how limited opportunities have led to a decline in activity among private investors, who dominate the net lease sales market and where top net lease developers are looking to build in 2018.

“The RealShare Net Lease Conference serves as an exceptional opportunity for those in the industry to engage with other professionals and gain insights that can help to improve and expand their businesses,” said Bear. “I am pleased to be moderating at an event that boasts such significance in the net lease sector.”

Bear’s 28-year history as a leasing real estate and finance business leader includes sourcing properties, structuring capital, site selection, strategy conception and implementation, structuring transactions, property development and more, on a national basis. Prior to founding Bear Real Estate Advisors, he was vice president with CBRE, and principal with Avison Young. In 2001, he was one of the two founding partners of Venture Development Group, which specialized in the development of single tenant buildings, neighborhood and power center projects. The firm acquired, developed, and/or disposed of 20 properties totaling $55 million. Bear led a team of 18 professionals across three regional offices that encompassed development, finance, property management and legal management. He was directly responsible for the development and execution of the firm’s investment/development strategies while leading all aspects of acquisitions, dispositions and leasing of commercial real estate assets.

Bear Real Estate Advisors LLC, a boutique real estate investment services firm launched earlier this year, focuses on IRS Section 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, joint venture advisory, capital structure advisory, build-to-suit developments, debt/equity, specialized search and family office/professional investor buyside representation. Bear Real Estate Advisors offers a unique approach to brokerage services by delivering a combination of brokerage, advisory services and a relationship-first point of view.

About Bear Real Estate Advisors

Bear Real Estate Advisors, founded in 2018 and headquartered in Las Vegas, is a boutique real estate investment firm to cater to investors looking for personalized service and real world, battle-tested acquisition and disposition advice. The firm focuses on Section 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, joint venture advisory, capital structure advisory, build-to-suit developments, debt/equity, specialized search and family office/professional investor buyside representation. For more information, go to www.bear-advisors.com.

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28-Year Commercial Real Estate Veteran Matt Bear Launches Investment Services Firm Bear Real Estate Advisors

LAS VEGAS – (Jan. 29, 2018) – Matt Bear, a commercial real estate veteran with nearly three decades of investment services experience, today announced the launch of Bear Real Estate Advisors LLC, a boutique real estate investment services firm. The firm focuses on IRS Section 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, joint venture advisory, capital structure advisory, build-to-suit developments, debt/equity, specialized search and family office/professional investor buyside representation.

Providing services on a national basis, Bear Real Estate Advisors will provide a unique approach to brokerage services by delivering a combination of brokerage, advisory services and a relationship-first point of view.

“Bear Real Estate Advisors focuses on developing relationship-based transactions which ultimately translate to providing the greatest value to our clients,” said Matt Bear, founder and chief executive officer. “Our long-term relationships throughout the commercial real estate industry, coupled with our comprehensive brokerage strategy, allows us to connect our clients to the right people using the right approach, which results in the greatest benefit.”

Bear’s 28-year history as a leasing real estate and finance business leader includes sourcing properties, structuring capital, site selection, strategy conception and implementation, structuring transactions, property development and more, on a national basis. Prior to founding Bear Real Estate Advisors, he was vice president with CBRE, and principal with Avison Young. In 2001, Matt was one of the two founding partners of Venture Development Group, which specialized in the development of single tenant buildings, neighborhood and power center projects. The firm acquired, developed, and/or disposed of 20 properties totaling $55 million. He led a team of 18 professionals across three regional offices that encompassed development, finance, property management and legal management. Bear was directly responsible for the development and execution of the firm’s investment/development strategies while leading all aspects of acquisitions, dispositions and leasing of commercial real estate assets.

Bear earned a bachelor’s degree from the University of Nevada, Las Vegas. He is a member of the International Council of Shopping Centers, from which he earned the senior certified leasing specialist certification.

About Bear Real Estate Advisors

Bear Real Estate Advisors, founded in 2018 and headquartered in Las Vegas, is a boutique real estate investment firm to cater to investors looking for personalized service and real world, battle-tested acquisition and disposition advice. The firm focuses on Section 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, joint venture advisory, capital structure advisory, build-to-suit developments, debt/equity, specialized search and family office/professional investor buyside representation. For more information, go to www.bear-advisors.com.

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