Barings Real Estate Appoints Shawn Kimble Head of U.S. Capital Markets

CHARLOTTE, N.C., Oct. 12, 2020 /PRNewswire/ — Barings, one of the world’s largest diversified real estate investment managers, has appointed Shawn Kimble as Head of U.S. Real Estate Capital Markets.  Kimble will have responsibility for all debt activities supporting the real estate debt and equity businesses in the U.S.  He will work closely with the portfolio managers across the businesses to think strategically about each portfolio’s capital structure, its strategic financing needs, and to match each funds’ needs with the appropriate financing solutions.

Kimble, based out of Barings’ global headquarters in Charlotte, will join the U.S. Real Estate leadership team and will report jointly to Ben Silver, Barings Head of Global Real Estate Debt and John Ockerbloom, Head of U.S. Real Estate Equity. He replaces Nasir Alamgir who took on the role of Head of Real Estate Debt Portfolio Management earlier this year. 

Silver said,

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In war-hit Karabakh capital, residents inspect destroyed homes

Guennadi Avanessian had a big two-storey house at 28 Saroyan Street, with a wooden terrace and vines laden with dark grapes.

But his comfortable middle-class home in a well-off street in the capital of war-hit Nagorno-Karabakh region has been smashed to pieces during the conflict between neighbouring Azerbaijan and Armenia.

“I spent two years renovating this house with my own hands, and (Azerbaijani president) Aliyev destroyed it in two seconds with his bombs,” Avanessian rages to anyone who will listen from behind his moustache.

With a blue hat on his head, the 70-something clambers onto the huge heap of debris that is all that remains after the gutted house collapsed in on itself.

With a shovel, he searches through the twisted sheet metal, bits and pieces of the home’s structure and traces of his former life.

Azerbaijani forces bombarded the area a week ago, and it is the first time

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Current Social Capital Hedosophia Holdings Corp II Price Values Opendoor Like A High Growth SaaS Company (NYSE:IPOB)

Surge in IPOB Price Due to Opendoor Announcement

Over the last month, shares of Social Capital Hedosophia Holdings Corp II (IPOB) have risen ~70%, in large part due to the announcement that IPOB will be used to bring Opendoor public. I was an early shareholder of IPOB with the overall thesis that given Chamath Palihapitiya’s impressive track record, there was a high likelihood that he would succeed in putting together a deal that would drive up the value of IPOB. That thesis has played out as expected leaving me with another question: now that the original thesis has played out, are the shares still worth holding?

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There is already a lot of good research on the fundamentals of Opendoor’s business, so I will not repeat those details in this article. In particular, I recommend this Seeking Alpha article Knock Knock. Who’s There? Opendoor. Chamath Just SPAC’d The

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Capital Region nursing homes fined $32K for COVID-19 violations

Three Capital Region nursing homes have been fined by the state Department of Health for infection control and other lapses during the coronavirus pandemic, state health records show.

The Grand Rehabilitation and Nursing at Barnwell in Columbia County received one of the largest fines statewide at $22,000 for multiple violations that had “potential to cause more than minimal harm,” according to inspection reports. Violations centered around inadequate or improper use of personal protective equipment, failure to clean hands, improper groupings of suspected COVID-19 patients, and failure to notify residents of positive cases or deaths.

Two other facilities in the region — the Glens Falls Center for Rehabilitation and Nursing in Queensbury and Eddy Memorial Geriatric Center in Troy — received smaller fines of $6,000 and $4,000 each for violations related to PPE use, hand hygiene, and disinfection protocols.

Both Barnwell and the Glens Falls Center have experienced the region’s deadliest

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Hunt Real Estate Capital Provides $27 Million Fannie Mae Loan to Refinance a Newly-Built Multifamily Community in Hialeah, FL

NEW YORK, Sept. 30, 2020 /PRNewswire/ — Hunt Real Estate Capital, a division of ORIX Real Estate Capital, announced that it has provided a $27 million Fannie Mae DUS® Conventional Multifamily loan to refinance construction debt for Las Vistas at Amelia, a 174-unit apartment community in Miami-Dade county.

Built in 2020, Las Vistas at Amelia is a workforce housing community designed to attract young professionals. The two-bedroom, two-bathroom apartments feature a modern design with ceramic tile flooring throughout, granite countertops in the kitchen and bathrooms, and state-of-the-art hurricane impact windows.

Located in Hialeah, Florida, the property quickly leased up post-construction, demonstrating its strong appeal to the community.

“Las Vistas at Amelia is a high-quality workforce housing community that plays an important role in the city of Hialeah by providing safe, first-rate housing for its residents,” said Marc Suarez, director with Hunt.

The $27 million loan

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BBX Capital Corporation Announces Shareholder Approval of Spin-Off of BBX Capital Florida LLC and Corporate Name Change

The MarketWatch News Department was not involved in the creation of this content.

BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) (the “Company”) and its subsidiary, BBX Capital Florida LLC (“New BBX Capital”), announced the following today:

At the special meeting of the Company’s shareholders held earlier today, the Company’s shareholders voted to approve the previously announced spin-off of New BBX Capital. The spin-off was approved by holders of shares of the Company’s Class A Common Stock and Class B Common Stock representing 88% of the total number of votes entitled to be cast on the spin-off. While the shareholders voted together as a single class on the spin-off and that vote alone was sufficient to approve the spin-off, the Company notes that 97% of the shares of the Company’s Class A Common Stock which were voted on the spin-off were cast in favor of the spin-off and that the spin-off

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