Introducing Vibe Hayman Properties All New Co-Working Concept Prope… · The 6,000 sq. ft....
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eNewsletter Volume 2 | No. 1 July 2017 NEW INVESTMENT OPPORTUNITY Crystal Park Plaza in Austin, TX Class B+ | Core Plus | Multi-Tenant Office Space Preferred Distribution Current Yield: 7% Preferred Return: 8% Total Projected IRR 14.2% Anticipated Hold Period 10 Years Equity Raise $3.5MM Dear Family & Friends, I'm excited to share Hayman Properties newest investment opportunity - Crystal Park Plaza. This property features strong and steady cash flows, with upside in lease rates as well as a 7% dividend yield. As I mentioned in earlier newsletters, the only investment opportunities I ever present are those where you invest right alongside me. Why I Like this Asset - Great Location, Strong Demand & Solid Job Growth Crystal Park Plaza is a 98% occupied multi-tenant "B+" office building in the Round Rock area of Austin, Texas. At 58,613 sq. ft., the property is conveniently located off the IH-35 corridor. This sub-market is among the strongest performing, fastest growing neighborhoods and is located near Dell's Worldwide Campus which is why it is sought after by many companies working with Dell. 8% Preferred Return, Meaningful Capital Appreciation with a 14 - 15% Crystal Park Plaza recently underwent common area and systems improvements. We plan to make it a Hayman Property by, among other things, upgrading landscaping, restrooms and adding numerous lifestyle components. Best of all, with high ceiling heights, tenants will enjoy the opportunity to have today's best in class creative office space if desired. This property is uniquely positioned for continued high occupancy and demand. To learn more about the property, click here . Please contact DJ Van Keuren, our new Vice President of Family Office Capital directly for more information about this or future investment opportunities: email: [email protected] office: (310) 826-4905 ext. 112 cellular: (206) 898-2565 Robert Hayman Founder & CEO CEO Corner New Hire, New Acquisitions, New President, Oh My .... Many exciting things have happened since our last correspondence. First, we brought on board DJ Van Keuren - a Family Office and Real Estate Industry expert, with over 25 years of experience in real estate, fund management, finance and investment banking, to become Vice President of Hayman Family Office, a new division of Hayman Properties. Second, we successfully closed the syndication for Speer Office Centre in Denver, raising the most money ever from both new and existing investors. And last, but not necessarily least, we launched Vibe™, an all-new co-working concept at the Hayman Plaza building in Houston, TX. In short, the response has been very strong! On a separate note and of great interest, we also inaugurated a new President of the United States. Many have asked regarding my thoughts about the new "Trump Era" and its impact on CRE. It seems Wall Street has certainly reacted with booming enthusiasm. But at the end of the day, let's face it, he's a commercial real estate professional, so yeah, I couldn't be more optimistic regarding our economy and more importantly the long- term future of investing in CRE. CRE Has Wings in Our Evolving Economy Although still very low, interest rates are threatening to rise again. In fact, interest rates rose 0.25% in December and another 0.25% in March. And The Fed has announced plans to hike rates another two times in 2017 and three times in 2018. However, according to Morgan Stanley's Ellen Zentner, despite the two recent increases, there has been a net positive easing on the financial market equivalent to a 0.60% rate cut! What does this mean for real estate? Well, many things. We will likely see some of the following.... A shift to longer-term fixed-rate debt Upward pressure on market Cap Rates A push to transact and close deals prior to the end of the year when rates are higher Tenant expansion in terms of higher demand for more office space If meaningful corporate tax reform is implemented, then subsequent rate hikes are more likely Despite the cost of debt increasing, accessibility and diversity of capital sources remains strong In addition to the notable outcomes of interest rates rising mentioned above, we may also see more attention paid to infrastructure investment which will have a net positive effect on CRE. In short, CRE investment continues to prove to be a solid, high-performing investment strategy. I am very excited for the future and will continue to present assets that meet and hopefully exceed your expectations. Yours on the ground, Robert. A New Concept in Office Space Introducing Vibe™ - Hayman Properties All New Co-Working Concept connect * inspire * create Similar in many regards to the phenom WeWork®* co- working concept, Hayman Properties launches its new co- working concept at the Hayman Plaza building in Houston, TX. And results, early on - before the space has even been completed - have been phenomenal. The 6,000 sq. ft. executive suite / co-working space was created to support a collaborative, mobile work environment with a community feel. Vibe is the first of its kind anywhere. Members can select between a private office or use of the large open-concept common space. And, with Hayman Plaza's quick access to the Houston Hobby airport, Vibe is an ideal option for many executive travelers who can fly into town, have a local staff meeting and head back to the airport within minutes. Some of the many amenities include: On-site management Collaborative conference rooms (small and large) with multi-media presentation capabilities Events capabilities / infrastructure Free Wi-Fi Refreshments & Catering - coffee, bottled water, snacks & catering from Manna Deli, the 1st floor eatery, and local restaurants Vibe was incubated as a test 2,000 sq. ft. executive suite with 6 offices, a conference room and waiting room / large open area. The concept was an immediate success as the executive offices were leased within 60 days. As the wait list grew, we decided to expand Vibe to a much larger 6,000 sq. ft. location within Hayman Plaza. Vibe is a concept perfectly suited to establish multiple membership levels which cater to the specific needs of individuals. The space also offers the ability to host local business events and networking sessions. Vibe has already been part of the conversation as we look at new acquisitions and how, in the right properties, the concept could not only succeed, but absorb existing vacancy. In each market, we see the demand for business professionals who want to Connect, Inspire, Create. Click here to view some of our conceptual design development images for Vibe. *WeWork is a trademark owned by WeWork Companies LLC. INVESTMENT OPPORTUNITY UPDATE Speer Office Centre - Denver, CO Speer Office Centre - Offering Closed Successfully! Hayman Properties successfully closed the syndication for Speer Office Centre in Denver, CO on February 28th. With more funds raised than ever before, not to mention new investors joining the Hayman Properties syndication group, we are excited and energized by the enthusiasm from the investors to participate. The Property Management team has already begun work on the capital improvements for Speer. The Leasing Team has begun negotiations with prospective tenants on lease terms for the current vacancies. Existing tenant response to our new ownership of Speer has been quite positive. In fact, from one of our tenants at Speer, "Thank you SO much Sue! It's nice to have management that finally takes this (property) seriously. Kudos to you and your team!" Introducing DJ Van Keuren, Vice President, Hayman Family Office Capital Mr. Van Keuren is the Vice President of Family Office Capital for Hayman Family Office, an affiliate of Hayman Properties. DJ oversees capital market strategies and implantation of family office real estate activities which support Hayman Properties. Prior to Hayman, Mr. Van Keuren worked as a Director for a Single Family Office out of Colorado. DJ has over 25 years' experience in real estate, finance, investment banking, and fund management, including: Raising and securing capital from Institutional Investors, Private Equity Funds, Family Offices and Direct Capital Sources for over $2,000,000,000 worth of projects. Mr. Van Keuren has been a Director of capital markets (equity and debt) for both a domestic and international real estate development company and the Managing Director and Fund Manager for the American Dream Real Estate Fund. DJ, an industry expert in family office real estate, is the author of "Real Estate Investing for Family Offices", founder of www.USFamilyOfficeRealEstate.com and a frequent panel member at family office conferences. He has been published in such publications as Family Office Elite, Real Asset Advisor and Private Wealth discussing real estate and family offices. Mr. Van Keuren is the past President of the Harvard Real Estate Alumni Organization and Board Member for the Real Estate Academic Initiative at Harvard. Mr. Van Keuren obtained his Bachelors degree from Ball State University, attended the NYU Schack Real Estate Institute, and received his Master's Degree from Harvard University in Management and Finance. Where are you from? Originally from Syracuse New York but my wife and I consider Seattle our home (although we don't live there) Family My beautiful wife Chris, a son named Brody, daughter named Jolie and of course can't forget Golden our dog. Hobbies Believe it or not I would say real estate and then golf - however I don't get to golf much. Something interesting.... I lived in Vietnam for three years when I co-developed a coffee company. Dream Vacation Good question. I don't think I have a dream vacation but if I had to chose anywhere in the world to travel to it would be Asia. Would like to go back to Vietnam, go to Cambodia to see the ruins and Thailand. Favorite City for Real Estate When I moved to Denver 4 years ago it reminded me of Seattle in the late 90's. Because of that, I see a good 10-15 year pattern of growth. The other market I see really becoming a "place to be" would be Salt Lake City. I believe it will be a city where you will see tech companies end up moving to. Visit our website at www.HaymanProperties.com Robert Hayman | (310) 826-4905 | [email protected] Hayman Properties, LLC 11661 San Vicente Blvd. Suite 800 Los Angeles, CA 90049 Update Profile/Email Address | Privacy Policy | SafeUnsubscribe™ © Copyright 2016, Hayman Properties, LLC. All rights reserved.
Transcript of Introducing Vibe Hayman Properties All New Co-Working Concept Prope… · The 6,000 sq. ft....
eNewsletter Volume 2 | No. 1 July 2017
NEW INVESTMENT OPPORTUNITYCrystal Park Plaza in Austin, TX
Class B+ | Core Plus | Multi-Tenant Office Space
Preferred DistributionCurrent Yield: 7%Preferred Return: 8% Total
Projected IRR14.2%
Anticipated Hold Period10 Years
Equity Raise$3.5MM
Dear Family & Friends,
I'm excited to share Hayman Properties newest investment opportunity - Crystal Park Plaza.This property features strong and steady cash flows, with upside in lease rates as well as a 7%dividend yield. As I mentioned in earlier newsletters, the only investment opportunities I everpresent are those where you invest right alongside me.
Why I Like this Asset - Great Location, Strong Demand & Solid Job GrowthCrystal Park Plaza is a 98% occupied multi-tenant "B+" office building in the Round Rock areaof Austin, Texas. At 58,613 sq. ft., the property is conveniently located off the IH-35 corridor. This sub-market is among the strongest performing, fastest growing neighborhoods and islocated near Dell's Worldwide Campus which is why it is sought after by many companiesworking with Dell.
8% Preferred Return, Meaningful Capital Appreciation with a 14 - 15%Projected Total ROICrystal Park Plaza offers solid performance characteristics because it's not only a stabilizedcash-flow property, but also offers meaningful upside by virtue of current under market rents.
Best in Class....
Crystal Park Plaza recently underwent common area and systems improvements. We plan tomake it a Hayman Property by, among other things, upgrading landscaping, restrooms andadding numerous lifestyle components. Best of all, with high ceiling heights, tenants will enjoythe opportunity to have today's best in class creative office space if desired. This property isuniquely positioned for continued high occupancy and demand.
To learn more about the property, click here.
Please contact DJ Van Keuren, our new Vice President of Family Office Capital directly formore information about this or future investment opportunities: email: [email protected]: (310) 826-4905 ext. 112cellular: (206) 898-2565
Robert HaymanFounder & CEO
CEO Corner
New Hire, New Acquisitions,New President, Oh My....Many exciting things have happened since our last correspondence. First, we brought on board DJ Van Keuren - a Family Office and RealEstate Industry expert, with over 25 years of experience in real estate,fund management, finance and investment banking, to become VicePresident of Hayman Family Office, a new division of HaymanProperties. Second, we successfully closed the syndication for SpeerOffice Centre in Denver, raising the most money ever from both newand existing investors. And last, but not necessarily least, welaunched Vibe™, an all-new co-working concept at the Hayman Plazabuilding in Houston, TX. In short, the response has been very strong!
On a separate note and of great interest, we also inaugurated a newPresident of the United States. Many have asked regarding my thoughtsabout the new "Trump Era" and its impact on CRE. It seems Wall Streethas certainly reacted with booming enthusiasm. But at the end of the day,let's face it, he's a commercial real estate professional, so yeah, I couldn'tbe more optimistic regarding our economy and more importantly the long-term future of investing in CRE.
CRE Has Wings in Our Evolving EconomyAlthough still very low, interest rates are threatening to rise again. In fact,interest rates rose 0.25% in December and another 0.25% in March. AndThe Fed has announced plans to hike rates another two times in 2017and three times in 2018. However, according to Morgan Stanley's EllenZentner, despite the two recent increases, there has been a net positiveeasing on the financial market equivalent to a 0.60% rate cut!
What does this mean for real estate? Well, many things. We will likely see some of the following....
A shift to longer-term fixed-rate debtUpward pressure on market Cap RatesA push to transact and close deals prior to the end of the year whenrates are higherTenant expansion in terms of higher demand for more office spaceIf meaningful corporate tax reform is implemented, then subsequentrate hikes are more likelyDespite the cost of debt increasing, accessibility and diversity ofcapital sources remains strong
In addition to the notable outcomes of interest rates rising mentionedabove, we may also see more attention paid to infrastructure investmentwhich will have a net positive effect on CRE. In short, CRE investmentcontinues to prove to be a solid, high-performing investment strategy.
I am very excited for the future and will continue to present assets thatmeet and hopefully exceed your expectations.
Yours on the ground,Robert.
A New Concept in Office Space
Introducing Vibe™ -Hayman Properties AllNew Co-Working Concept connect * inspire * create
Similar in many regards to the phenom WeWork®* co-working concept, Hayman Properties launches its new co-working concept at the Hayman Plaza building in Houston,TX. And results, early on - before the space has evenbeen completed - have been phenomenal.
The 6,000 sq. ft. executive suite / co-working space wascreated to support a collaborative, mobile workenvironment with a community feel. Vibe is the first of itskind anywhere. Members can select between a privateoffice or use of the large open-concept common space. And, with Hayman Plaza's quick access to the HoustonHobby airport, Vibe is an ideal option for many executivetravelers who can fly into town, have a local staff meetingand head back to the airport within minutes.
Some of the many amenities include:
On-site managementCollaborative conference rooms (small and large)with multi-media presentation capabilitiesEvents capabilities / infrastructureFree Wi-FiRefreshments & Catering - coffee, bottled water,snacks & catering from Manna Deli, the 1st flooreatery, and local restaurants
Vibe was incubated as a test 2,000 sq. ft. executive suitewith 6 offices, a conference room and waiting room / largeopen area. The concept was an immediate success asthe executive offices were leased within 60 days. As thewait list grew, we decided to expand Vibe to a much larger6,000 sq. ft. location within Hayman Plaza.
Vibe is a concept perfectly suited to establish multiplemembership levels which cater to the specific needs ofindividuals. The space also offers the ability to host localbusiness events and networking sessions. Vibe hasalready been part of the conversation as we look at newacquisitions and how, in the right properties, the conceptcould not only succeed, but absorb existing vacancy. Ineach market, we see the demand for businessprofessionals who want to Connect, Inspire, Create.
Click here to view some of our conceptual designdevelopment images for Vibe.
*WeWork is a trademark owned by WeWork Companies LLC.
INVESTMENT OPPORTUNITY UPDATESpeer Office Centre - Denver, COSpeer Office Centre - Offering ClosedSuccessfully!Hayman Properties successfully closed thesyndication for Speer Office Centre in Denver,CO on February 28th. With more funds raisedthan ever before, not to mention new investorsjoining the Hayman Properties syndication group,we are excited and energized by the enthusiasmfrom the investors to participate.
The Property Management team has alreadybegun work on the capital improvements forSpeer. The Leasing Team has begunnegotiations with prospective tenants on leaseterms for the current vacancies. Existing tenantresponse to our new ownership of Speer hasbeen quite positive.
In fact, from one of our tenants at Speer, "Thank you SO much Sue! It's nice to havemanagement that finally takes this (property)seriously. Kudos to you and your team!"
Introducing DJ Van Keuren, Vice President, Hayman Family Office Capital
Mr. Van Keuren is the Vice President of Family Office Capital forHayman Family Office, an affiliate of Hayman Properties. DJ oversees capital market strategies and implantation of family officereal estate activities which support Hayman Properties. Prior to Hayman,Mr. Van Keuren worked as a Director for a Single Family Office out ofColorado. DJ has over 25 years' experience in real estate, finance,investment banking, and fund management, including: Raising andsecuring capital from Institutional Investors, Private Equity Funds, FamilyOffices and Direct Capital Sources for over $2,000,000,000 worth ofprojects. Mr. Van Keuren has been a Director of capital markets (equityand debt) for both a domestic and international real estate developmentcompany and the Managing Director and Fund Manager for theAmerican Dream Real Estate Fund.
DJ, an industry expert in family office real estate, is the author of "RealEstate Investing for Family Offices", founderof www.USFamilyOfficeRealEstate.com and a frequent panel memberat family office conferences. He has been published in such publicationsas Family Office Elite, Real Asset Advisor and Private Wealth discussingreal estate and family offices. Mr. Van Keuren is the past President ofthe Harvard Real Estate Alumni Organization and Board Member for theReal Estate Academic Initiative at Harvard. Mr. Van Keuren obtained hisBachelors degree from Ball State University, attended the NYU SchackReal Estate Institute, and received his Master's Degree from HarvardUniversity in Management and Finance.
Where are you from?Originally from Syracuse New York but my wife and I consider Seattle ourhome (although we don't live there)
FamilyMy beautiful wife Chris, a son named Brody, daughter named Jolie andof course can't forget Golden our dog.
HobbiesBelieve it or not I would say real estate and then golf - however I don'tget to golf much.
Something interesting....I lived in Vietnam for three years when I co-developed a coffee company.
Dream VacationGood question. I don't think I have a dream vacation but if I had to choseanywhere in the world to travel to it would be Asia. Would like to go backto Vietnam, go to Cambodia to see the ruins and Thailand.
Favorite City for Real EstateWhen I moved to Denver 4 years ago it reminded me of Seattle in thelate 90's. Because of that, I see a good 10-15 year pattern of growth. The other market I see really becoming a "place to be" would be SaltLake City. I believe it will be a city where you will see tech companiesend up moving to.
Visit our website at www.HaymanProperties.com
Robert Hayman | (310) 826-4905 | [email protected] Properties, LLC 11661 San Vicente Blvd. Suite 800 Los Angeles, CA 90049
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