The NYC Eastern Caribbean Relief Fund Inc. has donated $120,000 to the Schneider Regional Medical Center Foundation (SRMC). This donation will go towards medical equipment that was either lost or damaged during Hurricanes Irma and Maria.
IGY Marinas CEO and founder Andrew L. Farkas has made it his goal to help the Caribbean community recover from the natural disasters that occurred in 2017 through the NYC Eastern Caribbean Relief Fund Inc. Donations such as the one made to SRMC does just that by allocating the donation towards medical equipment.
Just as the name suggests, SRMC sees that patients receiving care at Roy Lester Schneider Hospital in St. Thomas have all of the equipment necessary for their treatment. Additionally, SRMC does the same for Myrah Keating Smith Community Health Center in St. John. In fact, both facilities remained in operation during Hurricanes Irma and Maria and are the only medical facilities on each island. This makes it detrimental that their services meet patient expectations.
Since its founding in September 2017, NYC Eastern Caribbean Relief Fund Inc. has made it its goal to raise $5 million for those affected by Hurricanes Irma and Maria. In addition to providing aide to SRMS, NYC Eastern Caribbean Relief Fund Inc. aims to help the yachting community that has also been affected by the natural disasters. Islands in the Caribbean heavily rely on local communities for goods and services, which has been difficult given the circumstances of the recent hurricanes. Companies such as NYC Eastern Caribbean Relief Fund Inc. help restore the infrastructure between locals and those in the yachting community, all the while providing food, shelter and healthcare for those affected.
By overseeing donations made to organizations like the Schneider Regional Medical Center Foundation, Andrew Farkas will ensure that Caribbean inhabitants will continue to receive care that is of the utmost quality.
NAI Global, a leading global commercial real estate and brokerage firm, recently acquired property in Charleston, South Carolina for $2.95 million. NAI Charleston is a franchise within NAI Global, which is owned by Andrew L. Farkas.
The property is located at 95 Broad St., and is known as the Major Peter Bocquet House. This townhouse is almost 250 years old and has just recently been renovated. Our of its four stories, floors one through three are 4,500 square feet and would ideally be used for office space. In addition to plenty of storage and many closets, this property boasts a 425 square foot area that could potentially be used for a storefront.
Situated on the east coast, Charleston is a very popular destination spot. 95 Broad St. is located in one of this city’s most renowned neighborhoods, and is in close proximity to the “Four Corners of Law.” This intersection is located at Broad and Meeting St., and is comprised of City Hall, Charleston County Courthouse, the Federal Courthouse, and St. Michael’s Church.
Although recently renovated, the property still retains many of its original features. These include fireplaces registered with the Federal Register of historic homes, a lime-washed exterior, a salon, and an original Georgian façade. This townhome is also an ideal spot for events as it can host between 50 and 80 people.
Due to its excellent location and many features, the purchase of 95 Broad St. makes this property an ideal addition to NAI Global’s diverse portfolio. NAI Global is a subsidiary of C-III Capital Partners, which is owned by CEO Andrew Farkas.
NAI Global, a subsidiary owned by Andrew L. Farkas, was recently ranked number four in Lipsey’s Survey of Top 25 Commercial Real Estate Brands of 2018. This survey was led by 100,000 professionals in the commercial real estate world, proving that it was an extremely extensive and well thought out process. Andrew Farkas owns C-III Capital Partners, a fully-diversified asset management and commercial real estate services company that owns NAI Global.
C-III Capital Partners acquired NAI Global in 2011 and has since worked in conjunction with the company to obtain real estate across the country. As a company that offers a variety of services and solutions to its clientele around the world, it’s no surprise NAI Global was featured on Lipsey’s Survey of Top 25 Commercial Real Estate Brands.
The survey itself mentioned NAI Global’s strong regional and global presence in real estate. More specifically, it referred to the fact that this company has more than 7,000 local market professionals and over 400 offices in North America, Europe, Africa, Latin America, the Caribbean, and Asia Pacific.
In addition to this, the Lipsey report recognized Dorit Makovsky Fischer as a veteran when it comes to NAI Global. A member of the company since 2002, Dorit works closely with property in Denver, Colorado.
As Chairman and CEO of C-III, Andrew Farkas will continue to find opportunities to move this company forward.
Resource Apartment REIT III, Inc. has announced on February 12, 2018 that it has agreed to buy Tramore Village, which is located in Austell, Georgia. This area consists of a 324-unit apartment community located right outside of Atlanta, Georgia. Resource Apartment REIT III, Inc. is a company owned by C-III Capital Partners LLC, which is one of the many real estate companies owned by Andrew L. Farkas.
Austell is a submarket of Atlanta that is growing very rapidly, thanks to its proximity to Atlanta. Residents of Tramore Village have access to over 300,000 jobs as well as several medical facilities in the surrounding areas of the apartment complex. This makes the purchase an ideal acquisition for C-III Capital Partners LLC, as well as a growing asset to Andrew Farkas’ company.
With Atlanta, Georgia being as well known as it is, there are several notable companies that have opened up offices right by Tramore Village. Some of these companies include but aren’t limited to AllState Insurance, Vonage Solution, and Wellstar. Residents can access these companies in addition to surrounding health care facilities via public transportation.
C-III is always looking for new opportunities to invest in properties around the country. An example of a similar purchase this company made occurred in December 2017 in Lakewood, a submarket located in Denver, Colorado. Although this purchase was to acquire office space and not an apartment complex, it is also a rapidly growing area in Colorado that offers ample of public transportation, just like Austell.
C-III Capital Partners, LLC acquired Resource Apartment REIT III, Inc. in 2016 and has utilized the company to make purchases such as Tramore Village in up and coming urban areas ever since. C-III owns several other well-known subsidiaries like NAI Global, Real Capital Markets, US Residential Property Management, and many more. The purchase of Tramore Village will continue to push C-III Capital Markets in a positive direction under the leadership of Andrew Farkas.
Hurricanes Maria and Irma proved to be some of the most devastating natural disasters that the Caribbean has seen to this date. Some islands that were ravaged by these hurricanes include Anguilla, Barbuda, the British Virgin Islands, Puerto Rico, Saint Barts, Saint Maarten, and the US Virgin Islands. Although it’s easy for those not affected to move on from this disaster, it’s not so easy for many of the Caribbean islands to recover
That’s when IGY Marinas and Island Capital Group, both owned by Andrew L. Farkas, stepped in. Already known for his philanthropic work, Andrew Farkas made the decision to create the NYC Eastern Caribbean Relief Fund. This charity was made with the sole purpose of helping out Caribbean islands that are still facing the aftermath of Hurricanes Maria and Irma.
Although NYC Eastern Caribbean Relief Fund was just created in September of 2017, it has already raised $125,000. The charity’s end goal is to raise at least $5,000,000 to help bring resources back to the area. Every penny counts, as fewer tourists have been visiting these islands due to the consequences of the hurricanes. The tourism industry is extremely important to these islands and is what helps boost its economy.
Most importantly, locals rely on the yachting community as a form of transportation that can provide resources during this time. However, the rate of homelessness due to these hurricanes is still at an all time high. Donations made to the NYC Eastern Caribbean Relief Fund would result in more resources that can be brought into the islands by yacht.
Andrew L. Farkas has always been extremely invested in philanthropy and giving back to the community. He has put forth tremendous effort in helping communities just like the Caribbean islands, especially when they need it most. With the guidance of Andrew Farkas, IGY Marinas and Island Capital Group will continue to use NYC Eastern Caribbean Relief Fund as a resource to help those who were affected the most by Hurricanes Maria and Irma.
To make a donation and find out more about NYC Eastern Caribbean Relief Fund, visit their site here.