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.