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Encore Enterprises Doubles-Down on Dallas: Acquires Class B Commercial Medical Office Building, Reopens Corporate HQ as Owner-Occupied Tenant

Posted on: June 9, 2025 by Hailey

DALLAS – (June 9, 2025) – Encore Enterprises, Inc. (Encore) today announced the acquisition of a two-story, Class B medical office building at $114 PSF with 61,356 rentable square feet, located at 16980 N. Dallas Parkway. Situated on 3.144 acres fronting the N. Dallas Tollway north of Westgrove, adjacent to the Quorum/Bent Tree submarket, Encore financed the $7 million property through a bank loan from the Dallas Commercial & Industrial team at Cadence Bank in the inaugural business transaction between the entities. The acquisition grows the Encore Commercial, LLC portfolio to 27 properties under management and marks the sole commercial office asset in the mix.

“Dallas pride runs deep in the heart of Encore Enterprises, where for 26 years we’ve called this thriving metroplex home,” said Bharat Sangani, M.D., chairman and CEO, Encore Enterprises. “With the acquisition 16980 N. Dallas Parkway, we cement our future in one of the strongest performing economies in the nation while also helping reinvigorate Dallas’ tough office market.”

Built in 1985 and renovated between 2015-2017, 16980 N. Dallas Parkway is 58.2% occupied by five strong credit tenants, four of which have been in the building over 10 years, with no lease expirations until 2026. Encore Enterprises will self-manage the property and relocate its corporate headquarters there. The building features high-quality construction with a brick and glass façade and 50 below-grade garage spaces alongside 22 covered surface parking spaces. With easy access to the President George Bush Turnpike, 16980 N. Dallas Parkway is 15 miles from downtown Dallas, 13 miles from Love Field Airport and 20 miles from DFW International Airport. There are over 70 restaurants and 22 lodging options within three miles, and over 80 retail establishments and nine nature trails within six miles. Just over 1 acre of partially paved vacant land along the N. Dallas Parkway frontage road remains green space for future development.

“Despite sector volatility and a challenging lending environment, securing financing for an owner-occupied office building remains achievable for elite buyers like Encore Enterprises who not only have a remarkable performance track record and deep experience managing commercial properties, but also robust financial strength” said Sam Manohar, Cadence Bank SVP, senior relationship manager in Dallas. “After a comprehensive audit of all financials and portfolio assets, it was clear there was a strategic opportunity to finance 16980 N. Dallas Parkway and commence a new partnership with a financially resilient and established company like Encore.”

About Encore Enterprises, Inc. 
Founded in 1999, Encore Enterprises, Inc. (Encore) is a Dallas-based vertically integrated, diversified investment firm. Since inception, Encore has completed over 150 commercial real estate transactions valued at $3.7 billion, with $1.8 billion current AUM across 32 states. Focusing on opportunistic and value-add strategies in non-gateway markets throughout the U.S., Encore develops, acquires and manages mixed-use retail centers, multifamily apartment developments, limited and full-service hotels, commercial office buildings and Veterans’ administration medical office centers. Encore also acquires operating companies in the medical, dental and restaurant industries as part of its sustainable investment model. Encore boasts one of the best 26-year track records in the industry, underscoring the firm’s focus on operational stability, prioritization of capital preservation and strength across market cycles. Encore investment offerings are available through Ignite Investments, a wholly owned subsidiary and the exclusive investor relations platform for Encore Enterprises. To learn more, visit https://encore.bz.

About Cadence Bank
Cadence Bank (NYSE: CADE) is a $50 billion regional financial services company committed to helping people, companies and communities prosper. With more than 350 locations spanning the South and Texas, Cadence offers comprehensive services and products including commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, equipment financing, correspondent banking, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning and retirement plan management, consumer banking, consumer loans, mortgages, home equity lines and loans, and credit cards to meet the needs of individuals, businesses and corporations. Accolades include being recognized as one of the nation’s best employers by Forbes and U.S. News & World Report and a “2025 America’s Best Banks” by Forbes. Cadence maintains corporate offices in Houston and Tupelo, Miss., and has dutifully served customers for nearly 150 years. Learn more at www.cadencebank.com. Cadence Bank, Member FDIC. Equal Housing Lender.

Encore Enterprises Acquires Grocery-Anchored Retail Centers in Chicago And Rhode Island, Growing Commercial Portfolio To 26 Properties, 1.41 Million Square Feet

Posted on: May 6, 2025 by Hailey

DALLAS – (May 6, 2025) – Encore Enterprises, Inc. (Encore) today announced the acquisition of two grocery-anchored retail shopping centers – Northpoint Center in Arlington Heights, Ill. and Cowesett Corners in Warwick, R.I. on April 24, 2025. The retail centers were acquired through a new co-general partnership with AmCap Management Holdings LLC (AmCap), a wholly owned subsidiary of AmCap Management LLC.

“The grocery-anchored retail sector continues to demonstrate resilience over prior years, showing strong net absorption and vacancy rates that are in line-to-below historical submarket averages,” said Mike Nelson, president of Encore Commercial. “This co-GP joint venture marks Encore’s fifth portfolio acquisition with AmCap, an elite partner with an impeccable track record and decades of experience within the retail grocery anchored shopping center space.”

Jewel NP Google3

Cowesett Corners, Warwick, R.I.
A 152,595 square-foot grocery-anchored retail center in the heart of Rhode Island’s retail trade district with national tenants, Stop & Shop, PetCo, Five Below and Oak Street Health. As Rhode Island’s second-largest city, Warwick is situated 10 miles south of downtown Providence, 50 miles south of Boston and is served by Interstates 95 and 295. Warwick is home to Rhode Island’s largest airport, T.F. Green, and its second-largest hospital, Kent Hospital.

Northpoint Center, Arlington Heights, Ill.
A 276,333 square-foot grocery-anchored retail center at the intersection of W. Rand Rd. and Arlington Heights Rd. in one of Chicago’s largest business communities. With national tenants, Jewel-Osco, Ross, Marshalls, Chase Bank, Five Below and PopShelf, Northpoint Center is situated within a dominant regional retail corridor and is easily accessible to downtown Chicago via I-90 and I-290 and two Metra commuter rail stations. The former Arlington Park racetrack is about 3 miles away and was purchased by the Chicago Bears as a potential home for the team’s new stadium. O’Hare International Airport is about a 15-minute drive.

“The acquisition of Cowesett Corners and Northpoint Center further fortifies our longstanding partnership with Encore, built on a shared foundation of deep sector expertise, leadership experience and steadfast investment discipline,” said AmCap CEO Jake Bisenius. “Of all retail centers in the U.S., only one-third meet AmCap’s stringent investment criteria and of those, we target about 8-12 deals per year. AmCap Management Encore, LLC is a marquee joint venture.”

About Encore Enterprises, Inc.
Founded in 1999, Encore Enterprises, Inc. (Encore) is a vertically integrated, diversified investment firm based in Dallas. Since inception, Encore has completed over 150 commercial real estate transactions valued at $3.7 billion, with $1.8 billion current AUM across 32 states. Focusing on opportunistic and value-add strategies in non-gateway markets throughout the U.S., Encore develops, acquires and manages mixed-use retail centers, multifamily apartment developments, limited and full-service hotels, commercial office buildings and Veterans’ administration medical office centers. Encore also acquires operating companies in the medical, dental and restaurant industries as part of its sustainable investment model. Encore boasts one of the best 25-year track records in the industry, underscoring the firm’s focus on operational stability, prioritization of capital preservation and strength across market cycles. Encore investment offerings are available through Ignite Investments, a wholly owned subsidiary and the exclusive investor relations platform for Encore Enterprises. To learn more, visit https://encore.bz.

About AmCap
AmCap is a vertically integrated private equity real estate firm focused exclusively on grocery-anchored and daily-needs retail centers in high-growth U.S. markets. Backed by a 40+ year track record and over $1 billion in assets under management, AmCap partners with top institutional investors to deliver consistent, risk-adjusted returns through disciplined acquisitions, active asset management, and operational excellence. The firm’s specialized focus on necessity retail provides durable cash flow, downside protection, and performance across market cycles.

Encore 7 Brew opens in Riverton, partners with Mason Wright to raise over $100,000 for the Single Parent Project

Posted on: April 30, 2025 by Hailey

Encore Opens New Five Guys Location in Fresno

Posted on: May 22, 2017 by Hailey

Five Guys, Fresno

(Fresno, CA) February 1, 2016 – Encore Restaurants, LLC, a subsidiary of the Dallas-based Encore Enterprises, Inc., opened its newest Five Guys Burgers and Fries restaurant today. The restaurant located at 6623 N. Riverside Drive, Suite 105 in Fresno, CA and is the ninth Five Guys restaurant to be owned and managed by Encore Restaurants, LLC.

“We are proud to open yet another Five Guys in Fresno, California,” said Chairman of Encore Enterprises, Inc. Dr. Bharat Sangani. “We are proud to be a part of such an award-winning franchise.”

Open every day from 11 a.m. to 10 p.m. Five Guys serves award-winning burgers, hot dogs, and fries that are fresh, never frozen, and customizable for any taste with over 250,000 burger options to be ordered. Five Guy’s has been ZAGAT survey rated every year since 2001 and has been voted the Washingtonian Magazine’s “Readers’ Choice” #1 Burger every year since 1999.

“All of our openings have been a success and we’re excited to share this newest restaurant with the people of Fresno. We appreciate all the support and excitement the citizens of Fresno have shown,” said Dale Doerhoff, president of Encore Restaurants. “In addition to this newest location, the restaurants division of Encore plans to continue to grow the Five Guys brand across the state of California with new restaurants coming soon.”

About Encore Enterprises, Inc. – Encore Enterprises, Inc. is a privately owned national real estate company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments.

About Encore Restaurants, LLC – Encore Restaurants, LLC. develops, owns and manages specific territories of various Full Dining, Fast Casual, and Quick Serve concepts across the United States. For information regarding future development locations, contact Stacey Barber at 228-547-0293.

Plano’s Shops at Willow Bend to Add New Seven-Story Office Building

Posted on: May 22, 2017 by Hailey
Office Expansion at Willow Bend

A Dallas-based development firm — Encore Enterprises — plans to build a new office building next to The Shops at Willow Bend in Plano in hopes of meeting some of the demand for high-quality office space in the North Texas city.

The seven-story, 200,000-square-foot Class A office tower will sit adjacent to the mall’s food court and will be integrated into Dillard’s parking garage. The building could accommodate up to 800 employees.

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New 253-Unit Class A Apartment Community Under Construction on Swiss Avenue

Posted on: January 19, 2017 by Hailey

Encore Swiss Avenue, Apartment Investing Dallas

Encore Swiss Ave. will be a thoughtfully designed luxury apartment community in Dallas’s near east side close to the Baylor University Medical Center at Dallas.

(Dallas, Texas) January 19, 2017 – Encore Multi-Family, LLC, a subsidiary of the Dallas-based Encore Enterprises, Inc., has officially broken ground on Encore Swiss Avenue on the corner of Swiss Avenue and North Peak Street near East Dallas. The thoughtfully designed 253-unit and 204,752 square-foot multi-family community will feature a contemporary design with a nod to the historical nature of the neighborhood.

“Demand in the area has outpaced supply and current demand drivers continue to be strong,” said Bharat Sangani, Chairman of Encore Enterprises. “We are seeing millennials continue to rent for longer than previous generations and anticipate that these demand drivers will only get stronger in the future.”

The leasing office and front door will front Swiss Avenue providing a pedestrian connection to the enhanced streetscape and landscape parkway. The Residents will enjoy a luxurious clubroom for entertaining and business center both directly linked to a formally landscaped pool courtyard with fountains, raised spa, casual seating and grill stations. Other amenities include a state-of-the-art fitness facility and 24-hour package concierge.

Encore Swiss Avenue will offer a variety of one and two-bedroom units designed to provide variability in pricing to the market. All units are professionally designed and will have the latest finishes including stainless steel appliances, energy efficient LED lighting fixtures, and individual full size washer/dryers.

“We are excited about the opportunity to develop a community in the historic Swiss Avenue corridor in near East Dallas, just two miles from the CBD,” said Brad Miller, President of Encore Multi-Family. “This project is culmination of two years of careful planning and design.”

Construction for Encore Swiss Avenue is currently under way first units available for occupancy the First Quarter 2018.

About Encore Multi-Family, LLC     
Encore Multi-Family, LLC is a subsidiary of Encore Enterprises, Inc. and was founded in 2008 as a fully integrated multi-family developer, owner and operator. The company is involved in all aspects of multifamily development projects and acquisitions including ground-up developments, joint ventures and mixed-use turnkey developments. For more information about Encore Multi-Family, LLC, visit encore.bz or call (214) 259-7000.

Case Study | Encore Highpointe Park

Posted on: March 17, 2016 by Hailey

Case Study | Encore Highpointe Park

$40.8 MM Multi-Family Development – Denver, Co

Asset Class A suburban development, 3-4-story, walk-up, and tuck-undergarages
Acreage / Units 2.9 acres, 220 units
Square Footage Total: 209,093, average unit size: 950
Land Acquisition / Disposition December 2011 /December 2013
Total Capitalization $26.01 mm, $8.5 mm invested equity
Financing / LTV Conventional / 67%
Total Exit Value $40.75 mm, $12.77 mm equity proceeds
  • Land contracted for in April, 2010 prior to construction boom and run-up in land values; $9,000/unit vs. $22,000/unit in 2016
  • Construction costs in 2012/2013 were well below current costs due to early stage of recovery from 2008-2010 recession; built to $100/SF vs. $167/SF in 2016
  • High drive-by visibility just off I-25 drove qualified traffic
  • First new units in North Denver suburb made Encore the only new product in the sub-market

Financial Highlights

Contact Us
Encore Enterprises, Inc.
5005 LBJ Freeway
Suite 1200
Dallas, TX 75009
<a href=”tel:2142597000″214-259-7000

Encore 6162 Case Study

Posted on: March 17, 2016 by Hailey

$42.3 MM Multi-Family Development – Dallas, TX

Encore 6162 Multifamily Community in Dallas, Texas

In November 2012, Encore began development on a class-A urban infill development minutes away from Uptown, one of most vibrant neighborhood in Dallas for millennials. The project was a 288-unit, four-story wrap design with 215,000 total square feet. Encore possessed a land acquisition advantage due to strong relationships with local land brokers, which provided the company with a “first look” before other developers. Construction costs were locked-in prior to significant escalation in market pricing; the property was built at $102/SF vs. 2016 construction pricing for a similar product at ~$145/SF. The marketing and leasing strategy was driven by the development of a sleek, new, modern building that would attract millennials, and within two and a half years, the project sold for over a 2x equity multiple.

Hilton College Station Case Study

Posted on: March 17, 2016 by Hailey

$46 mm Hospitality Acquisition & Sale – College Station, TX

Apartments for sale Hilton College Station

Hilton College Station was acquired by Encore in September 2010. It is a full-service hotel, built in 1985, with 303 rooms and over 25,000 square feet of meeting space. Encore identified the asset from an institutional owner in an off-market transaction at an attractive entry price (approximately 50% to 55% of replacement cost). The company recognized strong demand drivers such as proximity to Texas A&M University (3rd largest public university in the United States) and limited competition, being the only convention center hotel in the city. Encore improved operations through the implementation of new policies and procedures and by integrating the Hilton onto Encore’s proprietary IT platform. The company held Hilton College Station for four years, infused over $4 million in capital in value-add renovations, and exited north of a 35% IRR.

Intech 12 Case Study

Posted on: March 17, 2016 by Hailey

$8.4 MM Office Acquisition & Sale – Indianapolis, IN

Intech 12 Photos Page 1 e1438374419717

Intech 12 is representative of Encore’s value-add strategy in the office sector. The asset is institutional quality, well-located, and a class A office building with convenient access to the airport and commercial business district. Situated in Indianapolis, IN, the area consistently saw a healthy demand for space among large, high-credit tenants due to the region ranking high in most logistics categories (over 75% of the U.S. and Canadian population can be reached within a one-day truck drive). Once acquired, Encore’s strategy was to re-position the building for a single tenant user. Through its relationships in the local brokerage community, the company was aware of several large tenants intending to relocate to Indianapolis within the next 12 months. Encore approached these potential tenants, and during negotiations of a long-term lease with Lowe’s Companies, Encore eventually negotiated the sale of the building to Lowe’s at a substantial profit.

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