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PRESS RELEASES

DELTA ALLIANCE CAPITAL MANAGEMENT, LLC ANNOUNCES ITS NINTH MULTIFAMILY ACQUISITION

Delta Alliance Capital Management, LLC closes its fourth Multifamily asset in Indiana as it continues to build a presence in the Midwest, Southern and Gulf Coast States with a focus on Texas, Louisiana and Indiana.

Delta Alliance Capital Management, LLC (“DACM”) is pleased to announce its ninth multifamily acquisition with the closing of the Stonebrook Apartments, a 121 unit apartment community located in Evansville, Indiana. The apartment community is a Class C asset which has been substantially renovated over the past 3 years. Stonebrook Apartments is adjacent to The Arbors at Evansville, a 150 unit asset purchased by DACM in 2011. Together, the assets have complimentary unit mixes, offer increased street frontage and a clear operational efficiency. Stonebrook will be rebranded as The Arbors at Evansville – South. The purchase of Stonebrook follows within eight months of DACM’s latest Midwest acquisition. Robert C. Warren III, CEO, noted: “We are pleased to acquire an additional asset of this quality and continue to expand our footprint in Southern Indiana.”

Delta Alliance Capital Management (Headquartered in Mission Viejo, California) is a private, fully integrated real estate investment company that acquires, renovates, repositions and manages apartment communities located in highly desirable, supply-constrained markets. DACM’s primary focus is to create value through a combination of renovation, operational stabilization and improved management. It has acquired approximately 2,300 multifamily units in three states.

DACM’s affiliated entity, Investors’ Property Services (“IPS”), will be responsible for the day-to-day management of The Arbors at Evansville – South. The IPS team has extensive management experience spanning over 36 years and has earned a reputation for its commitment to excellence in property and asset management services while working with some of the most recognizable clients in the industry.



DELTA ALLIANCE CAPITAL MANAGEMENT ANNOUNCES ANOTHER TEXAS ACQUISITION

Irvine, CA – October 9, 2015

DELTA ALLIANCE CAPITAL MANAGEMENT, LLC (“DACM”) is pleased to announce the acquisition of the Central Park Apartments, a 424 unit apartment community located in the master planned Westchase submarket community of Houston, Texas. The apartment community is a 1976 Class B asset well positioned on 12 acres fronting Gesner Avenue near the intersection of Westheimer Road and Sam Houston Tollway/Beltway 8.

The purchase of Central Park follows within a year of DACM’s acquisition of Madison Park Apartments in the same submarket. Robert C. Warren III, CEO, noted: “We are pleased to acquire an additional asset of this quality in this unique marketplace. We plan to infuse significant capital into the property to enhance the grounds, interiors, leasing office and fitness center in this attractive marketplace”. DACM partnered on the transaction with a Texas based real estate private equity firm.

DELTA ALLIANCE CAPITAL MANAGEMENT (Headquartered in Irvine, California) is a private, fully integrated real estate investment company that acquires, renovates, repositions, and manages apartment communities located in highly desirable, supply-constrained markets. DACM’s primary focus is to create value through a combination of renovation, operational stabilization, and improved management. It has acquired over 2,000 multifamily units in three states.

DACM’s affiliated entity, Investors’ Property Services (“IPS”), will be responsible for the day-to-day management of Central Park. The IPS team has extensive management experience handling both the rehab and turnover repositioning actions. Throughout the last 35 years, IPS has earned a reputation for its commitment to excellence in property and asset management services while working with some of the most recognizable clients in the industry..



DELTA ALLIANCE CAPITAL MANAGEMENT ANNOUNCES FIRST TEXAS ACQUISITION

Irvine, CA - November 5, 2014

DELTA ALLIANCE CAPITAL MANAGEMENT, LLC (“DACM”) is pleased to announce the acquisition of the Madison Park Apartments, a 576 unit apartment community located in Houston, Texas. Madison Park is situated in the dynamic master planned Westchase submarket of Houston which is adjacent to the Houston Energy Corridor. Built in 1978, the community consists of a variety of desirable floor plans with an average unit size of 895 square feet. Madison Park is situated on 23.5 acres in the heart of the Westchase’s epicenter near the intersection of Westheimer Road and Sam Houston Tollway/Beltway 8.

“With a replenished capital structure and marketing plan, we plan to capitalize on an exceptional Houston employment growth trend coupled with demand for upgraded rental housing,” according to Paul Perkins, Chief Investment Officer of DACM. DACM plans to invest significant capital in order to implement a value add strategy to enhance the grounds, interiors, leasing office and fitness center. The business plan also includes updating the landscape and installing new signage as part of DACM’s repositioning efforts. Robert C. Warren III, CEO, noted: “We are pleased to acquire an asset of this quality in the highly desirable Westchase submarket. We are looking forward to providing an improved rental housing product to this attractive Texas marketplace.” DACM partnered on the transaction with a Texas based real estate private equity firm.

DELTA ALLIANCE CAPITAL MANAGEMENT (Headquartered in Irvine, California) is a private, fully integrated real estate investment company that acquires, renovates, repositions, and manages apartment communities located in highly desirable, supply-constrained markets. DACM’s primary focus is to create value through a combination of renovation, operational stabilization, and improved management.

DACM’s affiliated entity, Investors’ Property Services (“IPS”), will be responsible for the day-to-day management of Madison Park. The IPS team has extensive management experience handling both the rehab and turnover repositioning actions. Throughout the last 34 years, IPS has earned a reputation for its commitment to excellence in property and asset management services while working with some of the most recognizable clients in the industry.



DELTA ALLIANCE CAPITAL MANAGEMENT ANNOUNCES ANOTHER LOUISIANA ACQUISITION

Irvine, CA - February 26, 2013

DELTA ALLIANCE CAPITAL MANAGEMENT, LCC (DACM) is pleased to announce the acquisition of 288 units in suburban New Orleans, LA for 18 million dollars. The purchase follows the acquisition in August, 2012 of the 226 unit Cedarwood Apartments and the 226 unit Baywood Apartments both located in the same metropolitan area. Carlyle Apartments is located directly next door to Baywood Apartments. Robert C. Warren III, CEO, noted: “The addition of another prime asset in the desirable Westbank submarket truly helps us to provide an even better rental housing product to this attractive marketplace. Carlyle and Baywood will combine operations and allow us to improve both sites with common fitness center and playground amenities. The Carlyle name will be retired and the combined operations of the larger site will operate under the Baywood name.” DACM partnered on the transaction with Redwood Real Estate.

DELTA ALLIANCE CAPITAL MANAGEMENT (Headquartered in Irvine, California) is a firm organized to acquire and operate income property that can be enhanced in value though a combination of renovation, operational stabilization, and improved management. The company was formed in late 2010. DACM has acquired approximately 1,200 units in the past 19 months. DACM will engage on a contract basis Investors’ Property Services to provide property level management for each of its acquisitions. Investors’ Property Services has a 30 year history of providing third party income property management services on a national basis and it operated by DACM principal, Robert C. Warren III.

REDWOOD REAL ESTATE PARTNERS (Headquartered in Rancho Santa Margarita, California) is a privately-owned entrepreneurial real estate investment and asset management company founded by Carl Chang and the Chang Family. The company has a team with extensive experience and success in purchasing assets directly, as well as investing throughout the capital stack via joint venture equity, preferred equity, and junior debt structures.



 

DELTA ALLIANCE CAPITAL MANAGEMENT ANNOUNCES LARGE LOUISIANA ACQUISITION

Foothill Ranch, CA - September 20, 2012

DELTA ALLIANCE CAPITAL MANAGEMENT, LCC (DACM) is pleased to announce the acquisition of 452 units in two multifamily properties in suburban New Orleans, LA for 23.5 million dollars. The properties will require limited rehab. Robert C. Warren III, CEO, noted: “We are proud to acquire these two excellent assets located in the desirable Westbank submarket. The application of our operational expertise coupled with new capital infusion should make these assets solid performers for our partners”. DACM partnered on the transaction with Redwood Real Estate.

DELTA ALLIANCE CAPITAL MANAGEMENT (Headquartered in Foothill Ranch, California) is a firm organized to acquire and operate income property that can be enhanced in value though a combination of renovation, operational stabilization, and improved management. The company was formed in late 2010. DACM has acquired approximately 1,000 units in the past 13 months. DACM will engage on a contract basis Investors’ Property Services to provide property level management for each of its acquisitions. Investors’ Property Services has a 30 year history of providing third party income property management services on a national basis and it operated by DACM principal, Robert C. Warren III.

REDWOOD REAL ESTATE PARTNERS (Headquartered in Rancho Santa Margarita, California) is a privately-owned entrepreneurial real estate investment and asset management company founded by Carl Chang and the Chang Family. The company has a team with extensive experience and success in purchasing assets directly as well as providing capital for investment in commercial development, redevelopment, value-add and distressed asset and debt opportunities through preferred equity and junior debt structures.

 


DELTA ALLIANCE CAPITAL MANAGEMENT

Foothill Ranch, CA - May 24th, 2012

DELTA ALLIANCE CAPITAL MANAGEMENT, LLC (DACM) is pleased to announce the acquisition of its third Midwest multifamily property consisting of 192 units located in Indianapolis, Indiana. The properties will undergo a limited rehab component to add value and strengthen market position. Robert C. Warren III, CEO, noted: “With the infusion of new capital, this acquisition will have a positive impact on the property and its residents.

DAMC is a firm organized to acquire and operate income property that can be enhanced in value through a combination of renovation, operational stabilization and improved management. The company was formed in late 2010 to capitalize on the improving fundamentals in multifamily and commercial real estate.

DACM has partnered with Investors’ Property Services to provide property level management of each of its acquisitions. Investors’ Property Services has a 30 year history of providing third party income property management services on a national basis and is operated by Robert C. Warren III.

 



DELTA ALLIANCE CAPITAL MANAGEMENT FIRST MIDWEST ACQUISITION

Foothill Ranch, CA - August 2, 2011

DELTA ALLIANCE CAPITAL MANAGEMENT, LCC (DACM) is pleased to announce to the acquisition from a private seller of two multifamily properties in Evansville, Indiana. The properties consist of a 150 unit garden style multifamily and an 88 unit garden style multifamily. The properties will require some limited rehab. Robert C. Warren III, CEO, noted: “We are proud to acquire property in Southern Indiana that, with the infusion of new capital, will add significant value these communities.”

DELTA ALLIANCE CAPITAL MANAGEMENT is a firm organized to acquire and operate income property that can be enhanced in value though a combination of renovation, operational stabilization, and improved management. The company was formed in late 2010 to capitalize on the improving fundamentals in commercial real estate.

DACM will partner on a contract basis with Investors’ Property Services to provide property level management of each of its acquisitions. Investors’ Property Services has a 30 year history of providing third party income property management services on a national basis and it operated by DACM principal, Robert C. Warren III.
 

 


COMPANY NEWS

3/28/2013 Delta completes due diligence and acquisition advisory services for private party purchase of 50 multifamily units in Southern California. Investors’ Property Services was engaged as the new property manager.

2/26/2013 Acquisition of 288 units in suburban New Orleans, LA for 18 million dollars.  Full article...

9/26/2012 New Orleans CityBusiness - California group buys Gretna apartment complexes for $23.5M. Full article ...

REAL ESTATE NEWS

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New Jersey Office Rents Near Records
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Brookfield Property Makes $14.8 Billion Offer to Acquire Rest of GGP
Mon, 13 Nov 2017 06:27:52 EST - Brookfield Property Partners LP has made a $14.8 billion offer to acquire the shares of mall owner GGP Inc. that it doesn’t already own, according to people familiar with the matter.

'Little India' Thrives in Central New Jersey
Mon, 25 Sep 2017 22:58:31 EDT - Oak Tree Road, known as “Little India,” has been transformed from a rundown and desolate area to a booming ethnic business district that attracts South Asian customers from Maine to Maryland.

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