Encore launches Encore Properties, Ltd., a public bond company
Encore sells Sterling Resorts for $9.25 million
$135 million joint venture with Och-Ziff Real Estate
Commenced multi-family development pipeline
Encore sells $393 million hospitality portfolio
Navigated successful disaster recovery following Hurricane Katrina
Initiated hospitality acquisition program - later sold as portfolio
Acquisition of hotel management company (Pineapple Management)
As a result of Encore’s asset management, our apartment communities are considered market leaders in their respective locations in terms of occupancy, quality and reputation. I consider Encore Multi-family to be an excellent joint venture partner and would look forward to working together on future opportunities.
Eric Schub, Asset Manager, Och Ziff Real Estate
Encore Enterprises, Inc. and its subsidiaries has been a valued client of Wells Fargo and in good standing for over 9 years.
Cristy Ramsey, Business Relationship Manager, VP, Wells Fargo
We are extremely pleased to have had an opportunity to co-invest with Encore Enterprises in several recent transactions, including the acquisition and re-development of office buildings in Indianapolis and Denver. The Encore Office team has consistently been both knowledgeable and practical, as well as comfortable to work with. We’re looking forward to future activity together.
Peter Holstein, Principal, Middleton Partners
I have been involved as a lender to various Encore related entities for over 25 years while employed at both Hibernia Bank/Capital One Bank and Hancock Bank/Whitney Bank. During this period of time, I have participated in numerous transactions, many of a very significant size, which have all been handled in a satisfactory and professional manner. Encore has always been and remains a very valued relationship of ours.
Dale St. John, EVP Division Manager, Hancock Bank/Whitney Bank
In summary, Berkadia finds that Encore Enterprises, Inc. and its subsidiary, Encore Multi-Family, LLC, is staffed by highly competent, long term employees with centuries of collective commercial real estate experience. We rank Encore among our top 5% of HUD borrowers based on Berkadia’s #1 FHA/HUD ranking for fiscal 2015-2016.
Steve Mentesana, Senior Managing Director of FHA/HUD Originations, Berkadia