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Downtown tower sells for undisclosed sum

Dallas company plans $13M upgrade to building home to Baker Donelson Downtown office building 211 Commerce has sold for an undisclosed sum and will be given a $13 million update. The new owner is Dallas-based Velocis, a private equity real estate manager. According to a release, Lincoln Property Company, also based in Dallas, is a joint venture partner in the deal. Lincoln will provide property management, leasing and construction management services. The seller was Sun Life Assurance Company o...
United States North Carolina Davidson County Jim Yoder Sun Life Assurance Company Of Canada Lincoln Property Company

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Velocis Makes First Multifamily Acquisition: 201-Unit Apartment Property in Charlotte

Posted December 28th, 2020 for Velocis CHARLOTTE, NC – (Dec. 28, 2020) – Velocis, a private equity real estate manager, has made its first multifamily acquisition with the purchase of Beverley, a 201-unit mid-rise apartment community in Charlotte. Beverley was built in 2020 by Charlotte-based developer, Proffitt Dixon Partners and was lightly marketed to a select group of investors by JLL. Responding to pandemic-driven changes in the US real estate market, Velocis has broadened its...
North Carolina United States Fred Hamm David Seifert Paul Smith Mike Lewis

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