(Dallas/Fort Worth, Texas) July 13 – Encore Multi-Family, LLC announced yesterday the completion of financing through the U.S. Department of Housing and Urban Development (HUD) 221(d)(4) program for the company’s next two ground-up development projects in Temple and Texarkana, Texas. Working with HUD approved lender Berkadia, the second largest originator of HUD loans in the U.S., the Encore Multi-Family team immediately commissioned BBL Builders upon closing of the loan to commence construction on both developments. In total, Encore Multi-Family has begun or completed construction on four separate projects in 2011.

“Encore Multi-Family continues to build on a foundation of research-driven, well executed apartment developments in the Southwest,” said Patrick J. Barber, president and CEO of Encore Enterprises, Inc. “The Multi-Family team is poised to expand our platform nationally in the coming months beginning with our first apartment development in Denver later this year.”

Brad Miller, president of Encore Multi-Family applauded HUD for their work ensuring a successful closing process for the newest apartment home communities in the Texarkana and Temple areas.

“The cooperation from HUD and the coordination from Berkadia, our primary HUD lender, was noteworthy as we continue to execute our strategy to provide Class A apartment communities in growing markets,” said Mr. Miller.

Encore Multi-Family has approximately 1,000 units in the development pipeline as well as 596 units under construction and 836 units completed and operating. The Temple and Texarkana developments will open in early 2012

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 multi-family development projects and acquisitions including, ground-up developments, joint ventures and mixed use turnkey developments. For more information about Encore Multi-Family, LLC, visit encorebz.wp.brainvire.dev, or call (214) 259-7000.

(Birmingham, Alabama) June 22 – Encore Retail, LLC announced on June 20, the acquisition of the Pelham Towne Center located in the Birmingham suburb of Pelham, Alabama. Pelham Towne Center is a 74,008 square-foot retail center in Southern Shelby County, and is leased with a 45,600 square-foot Publix Supermarket anchor as well as Subway, TCBY, the Alabama Power Credit Union and newly added Regis Corporation. Neal Pringle, Jr. of The Shopping Center Group represented Sharp Realty in the transaction, which developed the center in 2008.

“We are very pleased to enter the Birmingham MSA with the acquisition of this high-quality neighborhood center with solid tenancy, and a strong performing grocery anchor in Publix Supermarkets,” said Nic Barber, president of Encore Retail. “Encore looks forward to growing our presence in the Southeastern region of the U.S. with future acquisitions as well.”

The location of Pelham Towne Center at the intersection of Interstate 65 and Highway 52, provides easy access for the growing population of Southern Shelby County, which is one of Birmingham’s fastest growing suburbs, and the fastest growing counties in the state of Alabama. Surrounding residential developments include the Stonehaven, Olde Weatherly and Ballantrae communities.

“We are excited about the closing of the transaction and acquisition of the Pelham Towne Center,” said Dr. Bharat Sangani, founder and chairman of Encore Enterprises, Inc. “We like the added asset quality with solid anchor tenants to continue building our retail portfolio with attractive, in place cash flow and have the desire for many more retail transactions.”

About Encore Retail, LLC Encore Retail, LLC is a subsidiary of Encore Enterprises, Inc., is a privately held commercial real estate company focused on the acquisition, ownership, development, redevelopment and management of retail. The company’s strategy is to acquire, develop or redevelop retail centers providing attractive unleveraged yields to investors and viable resources for businesses in each community Encore serves. For more information about Encore Retail, LLC visit encorebz.wp.brainvire.dev, or call (214) 259-7000.

(D’Iberville / Biloxi, Mississippi) June 3 – Encore Construction Group, LLC began work on the newest addition to the Biloxi Regional Medical Center at the Promenade shopping center this past week. The new addition will provide remote services for outpatient care for the North Biloxi and D’Iberville areas expanding the reach of Biloxi Regional Hospitals.

“Encore Construction Group is excited about teaming up with Biloxi Regional Medical Center again to bring a new state of the art primary care facility to the City of D’Iberville,” said Dwayne Rash, president of Encore Construction. “The Encore family of companies, beginning with Encore Enterprises, Inc., were founded in the Mississippi Gulf Coast area, and we are very proud to continue our relationships with the area for over 12 years now with Biloxi Regional Medical Center and the surrounding cities of D’Iberville, Gulfport, and Biloxi.”

The new clinic will be featured in the Promenade shopping center located on the Northwest corner of Interstate 10 and Interstate 110. The clinic was designed by Marion “Marty” A. Hardy, AIA, NCARB of Hardy and Associates/Architect, PLLC and will feature a 7,000 square-foot facility slated for completion in the early fall of 2011. The clinic will be staffed by Family Practice and Internal Medicine physicians offering primary care services with extended hours.

“We are excited to expand our services in the City of D’Iberville. With the population growth in this area, we want to make quality health care as accessible as possible to the communities that we serve.” said Eric Robinson, Chief Operating Officer with the medical center.

About Encore Construction Group, LLC Encore Construction Group, LLC was formed as a subsidiary of Encore Enterprises, Inc. to capture construction opportunities in the commercial retail, multi-family and hospitality markets. Encore Construction is a licensed general contractor in the States of Mississippi, Alabama, Florida and Texas. The construction management team combines over 80 years of industry experience and developed or redeveloped 17 million square feet of retail space as well as over 7700 hotel rooms and multi-family units during their careers. Encore Construction works in conjunction with Encore Hospitality, LLC, Encore Retail, LLC, Encore Multi-Family, LLC and outside third parties to deliver a quality product adding value to real estate and each client’s business. For more information about Encore Construction Group, LLC, visit encorebz.wp.brainvire.dev, or call (214) 259-7000 or (228) 864-9888. ###

(Oklahoma City, Oklahoma) April 29 – Encore Multi-Family, LLC announced yesterday the completion of financing through the U.S. Department of Housing and Urban Development (HUD) 221(d)(4) program for the company’s next ground-up development project, Encore on Memorial, a garden-style apartment community located in the Tulsa suburb of Bixby, Oklahoma. Working with HUD approved lender Berkadia, the second largest originator of HUD loans in the U.S., the Encore Multi-Family team traveled to Oklahoma City Thursday to memorialize the achievement, and immediately begin construction on the newly financed and green-lighted development project.

“Encore Multi-Family has reached a milestone yesterday reinforcing our company’s vision and foresight with the start of our fifth ground-up multifamily development in Tulsa,” said Dr. Bharat Sangani, chairman of Encore Enterprises, Inc. “Working with our lender and HUD has provided Encore the financial foundation needed during the recession to develop very successful communities that residents will enjoy for years.”

Brad Miller, president of Encore Multi-Family applauded HUD for their work ensuring a successful closing process for the much needed apartment home community in the Bixby/Tulsa area.

“We are proud of what Encore Multi-Family has accomplished with HUD over the past three years,” said Mr. Miller. “It is shaping up to be a great year for Encore beginning with the opening of Encore Alsbury in February in the South Fort Worth suburb of Burleson, Texas, closing Encore on Memorial yesterday, and we have multiple projects in our predevelopment pipeline for this year as well with HUD and other institutional organizations.”

Encore Multi-Family has been working with the HUD 221(d)(4) as part of their development program since 2008 and has 1,196 apartment units in multiple phases of the HUD invitation, commitment, and approval processes as well as 448 units under construction and 638 units completed and operating. Encore on Memorial will open in December, 2011.

About Encore Multi-Family, LLC – Encore Multi-Family 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 multi-family development projects and acquisitions including, ground-up developments, joint ventures and mixed use turnkey developments. For more information about Encore Multi-Family, LLC, visit encorebz.wp.brainvire.dev, or call (214) 259-7000.

(Fort Worth, Texas) April 26 – Encore Multi-Family, LLC announced today the opening and successful first two months of leasing at the new Encore Alsbury Apartment Home Community, located in Burleson, a suburb of Fort Worth, Texas. Encore Alsbury is Burleson’s newest ground-up development and garden-style apartment community, which began predevelopment during the recession in 2009, and construction in the summer of 2010. The Encore Alsbury leasing office opened on February 18 with an overwhelming reaction from the community, and in the first month, it achieved 25 percent leased with 50 leases. As of April 24, 2011, Encore Alsbury is currently at 36 percent leased with 72 leases. The total community is comprised of 200 units.

“Encore Alsbury is changing the game for what residents can expect in Burleson,” said Brad Miller, president of Encore Multi-Family. “We are excited to open the city’s first luxury, garden-style apartment community with amenities and upgrades that haven’t been seen before in Burleson.”

Encore Alsbury is a, Class A, apartment home community with a mixture of one, two and three bedroom apartment homes featuring urban lifestyle amenities including a resort style pool and clubhouse, stainless steel appliances, and upgraded fixtures and cabinetry in every chef-style kitchen, wood-style flooring, plush carpeting and all the comforts of a luxury, urban community in a suburban setting. Encore Alsbury is located at 1350 SW Alsbury Boulevard in Burleson, a suburb 14 miles south of Fort Worth, Texas along I-35W.

Property Information
Units: 200 units Website: www.encorealsbury.com Facebook: http://www.facebook.com/Encore.Alsbury

Community Amenities: Community Clubhouse, Urban Lounge & Coffee Bar, Media Center, Fitness Center with I-Pod Docking Station, HDTVs, Wi-Fi Access, Aquatic Lounge & Spa Poolside BBQ & Entertaining, Professionally Landscaped Grounds, Relaxing Water Features at Entry and Pool, Exclusive Gated Entry, Detached Garages, Reserved Covered Parking, Valet Trash Pick-Up and 24-Hour Emergency Maintenance

Unit Amenities: Chef-Style Kitchens with Ceramic Backsplash, Stainless Steel Appliances, Microwave, Self-Cleaning Oven, Frost Free Refrigerator/Icemaker, Dishwasher, Double Stainless Steel Sink, Kitchen Pantry, Under Cabinet Lighting, Utility Room with Full Size Washer & Dryer, Contemporary Design Cabinets Throughout, Pendant Lights, 9-Foot Ceilings, Crown Molding, Wood Style Flooring, Lighted Ceiling Fans, Plush Designer Carpet, Two-Tone Paint Scheme, Garden Tub, Ceramic Tile Surrounds, Framed Vanity Mirrors, Large Walk-In Closets Linen Closet and Spacious Patio/Balcony with Storage Closet

About Encore Multi-Family, LLC: Encore Multi-Family 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 multi-family development projects and acquisitions including, ground-up developments, joint ventures and mixed use turnkey developments. For more information about Encore Multi-Family, LLC, visit encorebz.wp.brainvire.dev, or call (214) 259-7000.

FOR IMMEDIATE RELEASE
(Corpus Christi, Texas) January 4 – Encore Multi-Family, LLC announces the completion of construction and successful initial leasing of Encore Crossings in Corpus Christi, Texas. Encore Crossings is a ground-up development that began construction in late 2009. The leasing office opened in mid-August and has already reached the 50 percent leased milestone at proforma rental rates.

Encore Crossings is a Class A apartment community located at 2133 Nodding Pines Drive, adjacent to the popular Corpus Christi Athletic Club approximately one-half mile south of South Padre Island Drive (SPID) and the La Palmera Mall. As Corpus Christi’s newest multi-family community, Encore Crossings offers upgraded amenities for a complete apartment living lifestyle including a partnership with the Corpus Christi Athletic Club to offer residents discounted membership rates for health facilities and wellness programs.

“Encore Crossings is the newest luxury apartment community in the Corpus Christi metropolitan area, and offers a wide array of lifestyle amenities and floor plan options for prospective residents,” said Brad Miller, President of Encore Multi-Family, LLC. “We believe Encore Crossings is raising the standard for what residents can expect from a modern apartment community in Corpus Christi.”

Property Information
Website: encorecrossings.com | Units: 200 units | Proforma Rates: 1BR/1BA – $840, 2BR/2BA – $1,040

Community Amenities: Controlled access, resort style pool with aquatic lounge, outdoor kitchen, fitness center, clubroom, cyber café and media lounge, conference room and adjacent, direct linkage to the popular Corpus Christi Athletic Club.

Unit Amenities: Full size washers and dryers, designer cabinets and countertops, upgraded appliances including side-by-side refrigerators, wood style flooring, crown molding, ceiling fans throughout and walk-in closets.

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 multi-family 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) 259-7031.

DALLAS – July 7, 2010 – Michael Richardson has been named Chief Operating Officer of Encore Equities, a subsidiary of Dallas-based Encore Enterprises, Inc. In this newly created role, Richardson will focus on the broker/dealer and EB-5 capital channels as Encore continues its next stage of growth. Richardson brings 25 years of financial services industry experience to Encore, specializing in real estate capital markets and structured finance.

Prior to joining Encore Equities, Richardson was partner and CEO of Luminus Interests, a Dallas-based real estate firm focusing on the turnkey development of ambulatory surgery centers (ASC’s).  Luminus developed ASC operations in Las Vegas, Scottsdale, and recently completed and sold an ASC in the Dallas/Fort Worth market, along with its partner Veritas Medical.

Prior to his tenure at  Luminus, Richardson was a partner and Chief Operating Officer with Rainier Capital Management, a Dallas-based real estate investment banking firm, where he helped to close over $450 million of transactions and as many as two dozen investment offerings.  Richardson also served as a finance specialist for The Stone Companies, working with its $150 million private equity fund, which was part of a $3 billion asset base.

Richardson holds a Bachelor’s of Business Administration degree in Finance from Texas Tech University.

About Encore Enterprises
Encore Enterprises, Inc. is a diversified commercial real estate firm with a unique blend of expertise, innovation and efficiency in acquisition, investment, asset management, property management, leasing and development. Founded in 1999, Encore acquires, develops and re-develops mixed use complexes, limited and full service hotels, multi-family projects, retail projects, and manages hotel and luxury vacation condominium resort properties and homeowner associations. Since its inception, Encore has completed over $1 billion of acquisition and development, with a focus on the southern, eastern and Midwestern United States. For more information, please visit encorebz.wp.brainvire.dev.

(DALLAS, TX and D’IBERVILLE, MS) May 10, 2010 – Encore Hospitality has announced the opening of its new 125-room D’Iberville Courtyard® by Marriott® hotel. Located in the heart of the fast-growing Gulf Opportunity Zone (GO Zone) created to stimulate economic development post Hurricane Katrina, the new property is ideally situated within Encore’s 150-acre master planned, mixed-use Lakeview Village, and other entertainment attractions for both leisure and business travelers. Encore Hospitality is a subsidiary of Encore Enterprises, a private real estate acquisition, development and management company.

Owned and managed by Encore, the five-story D’Iberville Courtyard by Marriott is the 790th Courtyard hotel in the brand and the 3,373rd hotel in the Marriott family. The property includes a redesigned bistro lobby with a restaurant serving breakfast and dinner, a lounge, bar, indoor pool and spa, exercise room and business center. It also includes Marriott’s latest open, bright, and contemporary lobby design and furniture, fixtures, and equipment package in the guestrooms.

“With more than a decade of experience investing in and developing projects in D’Iberville, we are excited to announce another first-class development and addition to our Lakeview Village retail center,” said Dr. Bharat Sangani, chairman and co-founder of Encore Enterprises. “As the fast-growing gateway to Biloxi, D’Iberville is ideally situated in the I-10 corridor and a convenient stop for visitors traveling east and west. It has been rewarding to see all of the growth and investment taking place in D’Iberville over the last several years and we look forward to continued growth in the future.”

The new hotel is located off of Interstate 10, with a newly approved and expanded five-lane Sangani Boulevard to make the area more accessible to business and leisure travelers. The D’Iberville Courtyard by Marriott is managed by Pineapple Management Services, also a subsidiary of Encore Enterprises, and an award-winning hotel management company with properties throughout the southeastern United States.

“D’Iberville is a high-growth area and a great location for our new D’Iberville Courtyard by Marriott property,” said Glenn Pedersen, president of Encore Hospitality. “We are excited to be a part of the economic revitalization in the Gulfport-Biloxi metropolitan area. And our guests will enjoy easy access to the many nearby entertainment and lifestyle destinations, making it a natural fit for our newest hotel.”

About Courtyard by Marriott
Courtyard® by Marriott® is a brand of Marriott International hotels that is geared towards business travelers who want quality service at affordable prices. Rooms are equipped with large desks, couches, free high speed internet, and a complimentary continental breakfast. Other features include full-service restaurants,  24-hour mini mart called “The Market,” an atrium lounge, spacious meeting room, indoor pool and spa, exercise room, business center and restaurant bar. For more information about Courtyard by Marriott hotels, please call 1-888-236-2427 or visit online.

About Encore Hospitality
A subsidiary of Encore Enterprises, Inc., Encore Hospitality is a private real estate acquisition, development and management company focusing on the upper mid-priced, branded select-service and full-service hotel sector. With one of the most seasoned management teams in the industry, Encore Hospitality continues to grow while upholding the high standards of its founders and superior customer service. For more information, visit encore.bz.

About Pineapple Management Services
Pineapple Management Services, Inc. is a nationally recognized, award-winning hotel management company with properties throughout the southeastern United States. The company’s portfolio includes Marriott and Hilton national brands, including Fairfield Inn & Suites®, Courtyard by Marriott® and Hampton Inn®, as well as Radisson® Hotels & Resorts. Their team of professional managers is responsible for all phases of hotel operations. Each member of the team is a seasoned professional with a specific area of expertise and involvement in more than 200 hotel openings. Pineapple Management Services is dedicated to continually investing in our team and our properties so that we can offer only the best hotel management services. For more information, visit online.

Contact:
Alex Fencl, MWW Group for Encore Enterprises, afencl@mww.com, 214-414-3330 (direct)
Matt Averitt, MWW Group for Encore Enterprises, maveritt@mww.com, 214-414-3318 (direct)

DALLAS – April 12, 2010 – Mark Cypert has been named Senior Vice President of Institutional Equities for Dallas-based Encore Enterprises, Inc. In this role, Cypert focuses on raising institutional investor equity and managing Encore’s research and underwriting program to help identify projects meeting Encore’s commercial real estate investment criteria in the retail, multifamily and hospitality sectors.

Prior to joining Encore, Cypert served as Managing Director and Principal of Cawley Partners where he managed the firm’s commercial real estate investment funds. Cypert also previously held positions at CRT Properties, a NYSE-listed office REIT, where as Senior Vice President, he led the firm’s Southwest and Mid-Atlantic Divisions. For Thomas Properties Group, Cypert served as Vice President and Investment Officer responsible for the company’s acquisitions efforts and as Director of Asset Management for UBS Realty Investors.

Cypert is a graduate of Texas Tech University with a degree in Construction Engineering Technology. He has the CCIM and RPA designations and is a Senior Instructor for the Commercial Investment Real Estate Institute.

About Encore Enterprises, Inc. Encore Enterprises, Inc. is a diversified commercial real estate firm with a unique blend of expertise, innovation and efficiency in acquisition, investment, asset management, property management, leasing and development. Founded in 1999, Encore acquires, develops and re-develops mixed use complexes, limited and full service hotels, multi-family projects, retail projects, and manages hotel and luxury vacation condominium resort properties and homeowner associations. Since its inception, Encore has completed over $1 billion of acquisition and development, with a focus on the Southern, Eastern and Midwestern United States. For more information, please visit encorebz.wp.brainvire.dev

Contact: Alex Fencl, MWW Group for Encore Enterprises, afencl@mww.com, 214-414-3330 (direct)