Stonehill

Peachtree Group Deploys $1.1 Billion in Commercial Real Estate Investments Seeing Growing Activity Amid Ongoing Credit Market Dislocation

Retrieved on: 
Thursday, September 21, 2023
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Maintenance, Collection, Peachtree, Mortgage Bankers Association, COVID-19, Cerritos Towne Center, LaGuardia Airport, AC, CBRE, Dislocation, Stonehill, Hilton Garden Inn Kampala, Town Center, Acquisition, Investment, Homewood Suites by Hilton, Embassy Suites by Hilton, Growth, Commercial property, Bank, Real estate, Hotel, Fine chemical, Tourism, Public expenditure, Hampton by Hilton

Peachtree Group, a diversified commercial real estate investment company, announced its credit division has closed $556 million in loan originations of the $1.1 billion the company deployed year-to-date.

Key Points: 
  • Peachtree Group, a diversified commercial real estate investment company, announced its credit division has closed $556 million in loan originations of the $1.1 billion the company deployed year-to-date.
  • The ability to refinance maturing debt is a growing concern with an estimated $1.9 trillion of U.S. commercial real estate debt maturing before the end of 2026.
  • Peachtree Group Credit, formerly Stonehill, ranked as the 8th largest U.S. commercial real estate hotel lender by the Mortgage Bankers Association 2022 loan origination rankings.
  • As a direct commercial real estate lender, it offers permanent loans, bridge loans, mezzanine loans, commercial property-asset clean energy (CPACE) financing and preferred equity investments across all commercial real estate sectors, with its origins in the hospitality industry.

Peachtree Group Announces New Brand Positioning and Logo

Retrieved on: 
Monday, September 18, 2023
Professional Services, Commercial Building & Real Estate, Lodging, Finance, Construction & Property, Travel, REIT, CFO, Stonehill, Growth, Intuition, Industrial design, Retail

Accompanying the new brand position is a powerful new tagline, ‘Guided by Intuition, Grounded by Expertise.’ This succinct expression captures the essence of Peachtree Group's approach to investment strategies.

Key Points: 
  • Accompanying the new brand position is a powerful new tagline, ‘Guided by Intuition, Grounded by Expertise.’ This succinct expression captures the essence of Peachtree Group's approach to investment strategies.
  • This change unifies the Company's diverse portfolio of brands, including Stonehill and Peachtree Hospitality Management, into Peachtree Group Credit and Peachtree Group Hospitality Management, respectively.
  • Alongside the rebranding, Peachtree Group has unveiled a new logo that combines the simplified representation of a tree with the capital letter P letterform.
  • "The introduction of our refreshed brand position and logo marks an exciting new chapter in Peachtree Group's journey," said Jatin Desai, Peachtree Group's CFO and managing principal.

Stonehill Provides $52 million Construction Loan for Greater Phoenix Multifamily Development

Retrieved on: 
Tuesday, August 22, 2023
Professional Services, Commercial Building & Real Estate, Finance, Construction & Property, Urban Planning, REIT, Sale, Stonehill, Walking, MSA, Investment, Real estate

Stonehill’s commercial real estate group, Stonehill CRE, announced it had closed a $52.0 million senior loan facility to Starpoint Properties for the construction of Lotus Point Apartments, a 245-unit multi-family property located in Mesa, Ariz., within the Phoenix Metropolitan Statistical Area (MSA).

Key Points: 
  • Stonehill’s commercial real estate group, Stonehill CRE, announced it had closed a $52.0 million senior loan facility to Starpoint Properties for the construction of Lotus Point Apartments, a 245-unit multi-family property located in Mesa, Ariz., within the Phoenix Metropolitan Statistical Area (MSA).
  • The loan will facilitate construction of a four-story multi-family building, estimated to be completed in the first quarter of 2025.
  • "This investment mirrors the precise kind of strategy we actively seek - a great property with a sophisticated sponsor in a high-growth market," said Taylor Pike, senior vice president, Stonehill CRE.
  • "Phoenix remains one of the nation's best-performing markets for job growth thanks to a diversified employment base across a broad range of industries.

New Research Highlights A Key Remedy for the U.S. Higher Education Demographic Cliff: International School Graduates

Retrieved on: 
Monday, May 15, 2023
Other Education, Professional Services, University, Human Resources, Education, Research report, Face, Marketing, Silver, Stonehill, School, Student, STEM, Growth, Tutoring, Nursing, Video game, Tourism, K12

The percentage of international students applying to U.S. schools from China increased by 6.2% from 2022 to 2023, following the big pandemic-driven drop and closing off of China.

Key Points: 
  • The percentage of international students applying to U.S. schools from China increased by 6.2% from 2022 to 2023, following the big pandemic-driven drop and closing off of China.
  • The average number of applications to U.S. higher education institutions from students in Central America increased from 3.17 in 2019 to 8.49 in 2023.
  • The highest percentages of international students shortlisting the U.S. as their top higher education destination came from South Korea (86%) and Brazil (79%).
  • “International students play a critical role in securing long-term tuition revenue for higher education institutions and in filling much-needed talent gaps in an already stressed labor market,” said Lucy Stonehill, founder and CEO of BridgeU.

Peachtree Group Appoints Adam Greene to Launch EB-5 Program

Retrieved on: 
Tuesday, March 28, 2023
Commercial Building & Real Estate, Construction & Property, Finance, REIT, Professional Services, Lodging, Asset Management, Travel, Residential Building & Real Estate, Portigon Financial Services, JPMorgan Chase, MBA, Multimedia, USCIS, EB-5, Stonehill, United States Citizenship and Immigration Services, Investment, EB-5 Reform and Integrity Act, Economic development, Sport, Cornell University, Management, Renewable energy, New York University

Peachtree Group ("Peachtree") announced the appointment of Adam Greene as executive vice president of the company's newly launched EB-5 program.

Key Points: 
  • Peachtree Group ("Peachtree") announced the appointment of Adam Greene as executive vice president of the company's newly launched EB-5 program.
  • View the full release here: https://www.businesswire.com/news/home/20230328005388/en/
    Peachtree Group ("Peachtree") announced the appointment of Adam Greene (pictured) as executive vice president of the company's newly launched EB-5 program.
  • "Adam has a reputation as a straight shooter with great technical knowledge of the EB-5 program and brings immediate credibility to our program as we secure capital for our commercial real estate investments."
  • Notably, these and other areas of Peachtree are actively building and financing new hotels in rural and high-unemployment areas favored in the EB-5 program.

Stonehill Commercial Real Estate Group Deploys $160 Million in Financing for Shopping Malls

Retrieved on: 
Tuesday, January 10, 2023
Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Robinson, Stonehill, Greenwood Mall, National Retail Federation, Livingston Mall, Mall, Thought, CRE, The Mall at Robinson, Acquisition, Cumberland Mall, Commercial property, Renewable energy, Retail

The recent Stonehill CRE retail transactions include:

Key Points: 
  • The recent Stonehill CRE retail transactions include:
    Bellis Fair Mall - Originating a $24.0 million first mortgage loan for the 774,264 square-foot shopping mall in Bellingham, Washington.
  • Cumberland Mall - Originating a $28.8 million first mortgage loan for the 953,313 square-foot shopping mall in Vineland, New Jersey.
  • Greenwood Mall - Originating a $42.3 million first mortgage loan for the 970,523 square-foot shopping mall in Bowling Green, Kentucky.
  • Stonehill, an affiliate of Peachtree Group, launched Stonehill CRE in May 2022 and expects to deploy approximately $500 million of capital in 2023.

Stonehill Commercial Real Estate Group Sees Strong Lending Market

Retrieved on: 
Monday, October 17, 2022
Professional Services, Other Professional Services, Commercial Building & Real Estate, Lodging, Finance, Construction & Property, Travel, Opus, Environment, Stonehill, Mortgage Bankers Association, Peachtree, Association, Investment, Philosophy, Real estate, Commercial property

In May, Stonehill expanded its commercial lending business to include all real estate sectors through the formation of Stonehill CRE, with Daniel Siegel serving as its president.

Key Points: 
  • In May, Stonehill expanded its commercial lending business to include all real estate sectors through the formation of Stonehill CRE, with Daniel Siegel serving as its president.
  • Ongoing market volatility has seen traditional lenders and the syndicated market pull back on all forms of real estate lending, causing major dislocation in the capital markets.
  • Stonehill CREs formation came at a fortuitous time as market conditions have created a dislocated lending environment for commercial real estate, said Siegel.
  • Peachtree is a private equity investment, asset and fund management firm focusing on opportunistically deploying capital across its distinct operating and real estate divisions, including hospitality, commercial real estate lending, residential development, capital markets and media.

LENNAR ANNOUNCES GRAND OPENING OF ITS FIRST-EVER SPOKANE-AREA COMMUNITY WITH THE DEBUT OF LENNAR AT STONEHILL IN LIBERTY LAKE, WA

Retrieved on: 
Thursday, September 15, 2022
Saltese Flats, Recreation, Life, Trampoline, Stonehill, Program, Cheese, Ring, Centennial Trail, Technology, Financial services, Golf, Mysore, Central Valley High School, Season, Interior design, Inland Northwest, Lennar Corporation, Spokane River

LIBERTY LAKE, Wash., Sept. 15, 2022 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, announced today the grand opening of Lennar at Stonehill, the homebuilder's first-ever community in the Inland Northwest market.

Key Points: 
  • LIBERTY LAKE, Wash., Sept. 15, 2022 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, announced today the grand opening of Lennar at Stonehill, the homebuilder's first-ever community in the Inland Northwest market.
  • Lennar at Stonehill offers brand new single-family home designs at an attainable price point all situated in the highly-desirable Liberty Lake area of Washington.
  • Lennar has plans for future development at this location as well, to include an additional single-family neighborhood and a townhome offering.
  • Following the event, Stonehill model home tours will be available by appointment from 8 a.m. to 7 p.m. daily.

Peachtree Hotel Group’s Principals Form Peachtree Group to Lead its Increasingly Diversified Investment Portfolio

Retrieved on: 
Wednesday, August 17, 2022
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Lodging, Finance, Construction & Property, Travel, Investment, Peachtree, Stonehill, Growth, CEO, CFO, Financial services, Commercial property, Hotel

The managing principals of Peachtree Hotel Group announced today that they have formed Peachtree Group ("Peachtree").

Key Points: 
  • The managing principals of Peachtree Hotel Group announced today that they have formed Peachtree Group ("Peachtree").
  • "The expanded breadth of investment types we are undertaking warranted the formation of Peachtree Group without Hotel in the moniker," said Greg Friedman, Peachtree's CEO and managing principal.
  • Peachtree will be led by its managing principals, Friedman and Jatin Desai, serving as CFO.
  • The establishment of Peachtree Group is an important milestone for us as we continue to scale our investment platform.

LENNAR LAUNCHES NEW INLAND NORTHWEST MARKET

Retrieved on: 
Thursday, May 26, 2022
Coeur d'Alene Airport, Unstoppable. Sean Scully & The Art of Everything, Museum, Stonehill, Camping, The Platinum Collection, Golf, Quality of life, List, Classic Collection, Collection, Program, Spokane Valley, Recreation, School, Bath, Financial services, Retail, Self storage, Inland Northwest, Lennar Corporation

SEATTLE, May 26, 2022 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, announced today plans to establish a new market serving the Inland Northwest region. Lennar has five new communities planned in the Greater Spokane and Coeur d' Alene area offering townhome and single-family home designs. The new communities of Corbin Meadows in Post Falls, ID, Hayden Canyon in Hayden, ID, Woodridge and Grandview in Spokane, WA, and Stonehill in Liberty Lake, WA will feature open floorplans with thoughtful design details intended for today's lifestyle. The homes will also feature Lennar's signature Everything's Included® program.

Key Points: 
  • SEATTLE, May 26, 2022 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, announced today plans to establish a new market serving the Inland Northwest region.
  • Sales in the Inland Northwest will commence end of Summer 2022 with model homes anticipated for completion in Fall 2022.
  • "The Inland Northwest is a unique market known for its quality of life, rich history, great outdoors and highly ranked schools all things that create strong demand in the area," said Bill Salvesen, Division President for Lennar Inland Northwest.
  • "We are delighted to bring our beautiful Lennar home designs and customer-centric approach to this new market to help meet a growing demand among home shoppers."