Business Wire

Forum Partners Acquires Suburban Office Portfolio in Strategic Partnership with Workspace Property Trust

10.12.2015 13:00 | Business Wire

Del

Global real estate investment management firm Forum Partners (“Forum”) announced the acquisition of a $245.3 million portfolio of suburban office assets located in Horsham, Pennsylvania, in partnership with Workspace Property Trust (“WPT”). The newly created Workspace Property Trust is a vertically integrated, full service commercial real estate company specializing in the development, management and operation of office and flex space in the Northeast corridor. Thomas Rizk, who led Cali Realty Corporation through its highly successful IPO in 1994 and subsequent merger with Mack Company and Patriot American Office Group in 1997, will serve as CEO. Industry veterans Roger Thomas, who worked with Rizk on the Cali IPO and remained at Mack-Cali Realty Corporation until 2014, and Howard Sipzner, most recently with Brandywine Realty Trust, have joined WPT alongside Rizk as COO and CFO respectively.

Strategically located off the Pennsylvania Turnpike, the portfolio comprises 2.4 million square feet of office and flex space in the corporate community of Horsham, Pennsylvania; the most heavily concentrated property type is 860,000 square feet of Class-A multi-story office. For Forum, this marks the Firm’s second investment in the U.S. this year, after more than a decade of successful investing in Europe and Asia. In July, Forum acquired a strategic interest in The Dermot Company, a New York City based multifamily owner, operator, and developer.

Russell Platt, CEO of Forum Partners commented: “Tom and I have a 20-year relationship dating back to his days at the helm of Cali. This was a natural fit from both a relationship and strategic standpoint and we are excited to work with Tom, Roger and Howard to grow this platform and create value. In addition to our investment in The Dermot Company earlier this year, Workspace Property Trust is an important pillar that supports our U.S. strategy of partnering with top tier, sector focused sponsors.”

“We are thrilled to complete this transaction and begin building a substantial platform of suburban office real estate assets,” said Thomas Rizk, CEO of Workspace Property Trust. “We intend to use our deep relationships and strong market knowledge to aggressively pursue both marketed and non-marketed transactions as we grow this franchise.”

About Forum Partners

Forum Partners is a global real estate investment and asset management firm established in 2002. Majority owned by its partners and employees, Forum provides growth and/or restructuring capital - as well as governance and capital markets expertise - to small and mid-sized sector focused real estate operating companies with the objective of unlocking asset and enterprise value. With its global headquarters in London and regional headquarters Hong Kong and Greenwich, CT, Forum maintains a local presence in key global markets.

Contact information

Owen Blicksilver Public Relations, Inc.
Kristin Celauro, 732-433-5200,
kristin@blicksilverpr.com
or
Jennifer Hurson, 845-507-0571
jennifer@blicksilverpr.com

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Publication of Clinical Data Demonstrating Low Immunogenicity and Excellent Efficacy of Nuwiq® in Previously Untreated Patients23.8.2017 06:00Pressemelding

Octapharma is delighted to announce the publication of interim data from the NuProtect study (GENA-05, NCT01712438), the first clinical data on treatment with Nuwiq® in previously untreated patients (PUPs), on August 16th 2017 as an Early View article in the internationally renowned medical journal Haemophilia. The NuProtect study was initiated in March 2013 to investigate the immunogenicity, efficacy and safety of Nuwiq® in PUPs with severe haemophilia A, who are at the greatest risk of developing inhibitors. The ongoing study has enrolled 110 PUPs of any age or ethnicity who will receive Nuwiq® for up to 100 exposure days (EDs), making it one of the largest studies with a single FVIII product. Patients who previously received any FVIII concentrates or blood products containing FVIII are excluded from the study. The recently published article describes interim results for 6

IBC’s Big Screen to Explore the Future of Camera and Display Technologies and the Business Behind Cinema22.8.2017 16:58Pressemelding

IBC today announced the details of its Big Screen programme, taking place in a specially built auditorium designed to IBC’s specifications and featuring the very latest in cinema technology. With the latest Dolby Vision dramatic imaging and Dolby Atmos immersive audio sound installation, the four-day programme examines and demonstrates the hottest topics, themes, and insights surrounding the art, science, and business of cinema - from capture through to exhibition. As well as being the home of the Big Screen programme, the auditorium will screen in Dolby Vision and Dolby Atmos, Baby Driver, the acclaimed Edgar Wright feature from 2017. The programme for 2017, which has been shaped by a committee of global industry professionals, is an insightful examination of the future of cinema. From virtual reality in cinema to laser and camera assessments, visitors will get up to speed

Digi Communications N.V. Announces the Publishing of an Update to the Investigation by the Romanian National Anti-Corruption Directorate22.8.2017 16:38Pressemelding

In connection with the investigation triggered by the Romanian National Anti-Corruption Directorate (“DNA”), which we have previously disclosed to the market and to our investors in the initial public offering prospectus dated 26 April 2017, in the supplemental prospectus dated 8 May 2017 (together, the “Prospectus”), as well as in the subsequent public reports, we inform you that, based on the public release no 832/VIII/3 issued on 22 August 2017, the DNA sent to court under the judiciary control Mr. Ioan Bendei (Vice-president of the Board of Directors of RCS & RDS S.A. – the Company’s subsidiary („RCS&RDS”)) in connection with the offences of bribery and accessory to money laundering, as well as RCS&RDS in connection with the offences of bribery and money laundering, INTEGRASOFT S.R.L. (one of RCS&RDS’s subsidiaries in Romania) in connection with the offence of accessory to mon

SailPoint Named a Leader in Cloud-based Identity Governance22.8.2017 14:00Pressemelding

SailPoint, the leader in enterprise identity management, was recently named the overall market leader in KuppingerCole’s 2017 “Leadership Compass: Identity as a Service: Cloud-based Provisioning, Access Governance and Federation.” In addition to being named a leader in every category of the report, SailPoint received superior rankings in four of the five evaluation criteria: security, functionality, interoperability and usability. KuppingerCole is an international and independent analyst organization with a strong focus on Information Security and Identity and Access Management. KuppingerCole’s Leadership Compass reports provide an in-depth analysis of the main players in the market, defining each as a follower, challenger or leader. The Leadership Compass Report for IDaaS evaluates leaders in innovation, product features, and market reach for identity-as-a-service offerings tar

Meggitt Training Systems to Exhibit at DSEI 201722.8.2017 14:00Pressemelding

Meggitt Training Systems, the leading provider of integrated live-fire and virtual weapons training products and services for armed forces and law enforcement, will participate at Defence and Security Equipment International (DSEI) through the Georgia Department of Economic Development. The military and security industry event will be held September 12-15, 2017 at ExCeL in London, England. “Today’s threats necessitate maximum realism, despite stretched budgets, and that’s what Meggitt provides to government and commercial customers globally,” said Mark Mears, managing director at Meggitt Training Systems, Ltd. “Although proudly based in Georgia, Meggitt Training Systems is part of Meggitt PLC, a UK-headquartered corporation. As such, we particularly look forward to engaging with current and prospective customers at DSEI, the UK’s largest defense and security trade show.” On

Camelbay Real Estate Management NL B.V. Selects Yardi Voyager22.8.2017 13:58Pressemelding

Camelbay Real Estate Management NL B.V. will utilise Yardi Voyager® 7S, a browser-agnostic, fully mobile Software-as-a-Service platform, as its accounting and property management platform. Camelbay will use Yardi Voyager to streamline its property management, leasing and accounting processes for its Dutch real estate portfolio, which is predominantly comprised of commercial office assets. “The automation, transparency and fully integrated accounting and property management that Voyager provides will help us manage our daily financial and operational activities more efficiently and enhance our competitive position within the Dutch office market,” said Alon Levy, Director of Camelbay Real Estate Management NL B.V. “We are very pleased to welcome Camelbay as our latest client in the Netherlands,” said Neal Gemassmer, Vice President of International for Yardi.

I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.

Besøk vårt presserom