The partnership completed improvements to the property prior to the sale. ELK GROVE VILLAGE, ILL. — A joint venture between Clear Height Properties and Blackbird Investment Group has sold a 56,500-square-foot industrial building located at 1400 Greenleaf Ave. in the Chicago suburb of Elk Grove Village. The sales price was…
Clear Height Properties, Blackbird Investment Group Sell 56,500 SF Industrial Building in Suburban Chicago
Verivest discusses Avatar’s REIT investment strategy with President TR Hazelrigg IV
Avatar Financial Group LLC (Avatar) Co-Founder and President TR Hazelrigg IV sat down with Verivest to discuss Avatar’s founding as a lender specializing in commercial real estate bridge loans. Hazelrigg explains Avatar’s investment strategy and launch of its commercial mortgage REIT offering a diversified portfolio of commercial properties to investors.
Plano office park lands $30 million in funding for upgrades
A Seattle lender is providing $30 million in financing to upgrade a three-building Plano office park. The bridge loan from Avatar Financial Group LLC (Avatar) will be used to repair and improve City-View Corporate Center on West 15th Street near U.S. Highway 75 and provide capital for build-out of office…
Understanding Investment Risk: Where Are You in the Capital Stack?
In 2021, Avatar Financial Group LLC (Avatar) launched a new commercial mortgage fund to provide accredited investors the opportunity to invest in a pool of loans across a variety of commercial real estate asset types. In just seven months since inception, Avatar raised $50 million. Mortgage REITs, like Avatar’s, may…
How to Invest in CRE Via REIT Funds
Ways to Invest in CRE Via REIT Funds In 2022, investors and lenders looking for opportunities — and risk mitigation—have more options than ever. Evolving regulations means an evolved investment landscape, with institutional players and an emerging trend of high-net worth individuals driving investment across the financial sector. Another factor…
Finding a Place at the Investment Table
Real estate investment trusts can help those with commercial mortgage debt needs New options for commercial real estate investors continue to emerge. The average person is now able to participate in opportunities that previously required large amounts of capital, and thus were only available to institutional investors and high net…
Buyers Circle Adaptable Properties as Industrial Demand Increases
Avatar Financial Group LLC (Avatar) recently provided $15.6 million in combined acquisition and property improvement financing for three assets in Texas and Utah. The properties include a Holiday Inn Express in the Houston metro area, an industrial warehouse in Dallas and a storage facility in the Salt Lake City metro.…
Podcast: Jerry Zevenbergen (CEO) & TR Hazelrigg (President), Co-Founders of Avatar Financial
In today’s conversation, we sit down with Jerry Zevenbergen and TR Hazelrigg, co-founders of Seattle-based Avatar Financial Group LLC. As CEO and President, Jerry and TR, respectively, run an organization focused on bridge lending across the commercial real estate spectrum, and they give us a sense of where the industry is…
Puget Sound Daily Journal of Commerce REIT Fund Launched
Avatar Financial Group LLC (Avatar) creates a Commercial Mortgage Fund with a REIT Structure Avatar Financial Group LLC announced the recent creation of a new commercial mortgage fund with a REIT structure. The minimum investment, via private placement offerings, is $100,000. Firm co-founder and president T.R. Hazelrigg IV said in a statement, “In the…
Vacation Hot Spot Chelan County Limits Short-Term Rentals
Following months of tension between long-term residents and rental owners near sought-after tourist spots east of the Cascades, new regulations will soon limit the number of rentals listed on sites like Airbnb in Chelan County. In a win for those currently renting out vacation homes, though, most will be allowed…
