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Dear Friends &
Partners:
This e-newsletter provides you with recent activity from AMC Delancey. Our
company has narrowed its focus in 2007-2008 to three core strategies- hotel repositioning and development, senior living and residential land development targeting select markets with a group of highly experienced operating partners. To explore co-investing with us or to learn more about our company, please feel free to contact me directly
Kenneth P. Balin
President and Chief
Executive Officer
kbalin@amcdelancey.com
(215) 717-0722 |
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AMC
Delancey Embarks on a Hotel Development
and Invites Co-Investors to Participate in New
Opportunities |
The success of the joint-venture operating
partner model has given AMC Delancey the
opportunity to invest substantial additional
equity in a greater number of real estate
enterprises. We continue to be presented with
these quality investment opportunities which fit
strongly within our current investment model. We
invite like-minded high net worth individuals
and families to contact us regarding future
co-investment opportunities such as the
development of the Berkeley Heights Westin as
outlined in the article below.
For more
information, please contact Kenneth Balin at
kbalin@amcdelancey.com .
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228 Room
Full
Service Westin
Hotel Planned for Berkeley Heights New Jersey
Marking the first ground-up
development project between AMC Delancey and Paramount Hotel Group,
the 228 room hotel features 19 suites, a 600 guest grand ballroom and 17,000SF of meeting space,
7,000SF of which will host an IACC-approved Executive Meeting Center. (Read
Story) |
Paul Commito Welcomed as Vice President and Director of Development
for AMC Delancey Group
Commito was assistant
a Vice President and Director of acquisitions for the Urban Division
of Toll Brothers, Inc. Prior to Toll Brothers, Commito was a Vice
President of ACS Development Corporation, a commercial and
residential real estate development and construction firm in
Chelsea, Mass. (Read
Story)
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AMC Delancey Group Closes $61 Million Sale of Gettysburg Village
With the sale, AMC Delancey has nearly concluded its corporate
strategy shift from owner/operator to provider of equity capital and
resources to strategic operating partners. Two remaining legacy assets
remain on the market. (Read
Story)
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 $12 Million
Refinancing Loan Secured for Radisson Hotel Jacksonville-Butler Boulevard
In a show of confidence amid market turmoil, Bear Stearns
grants the partnership of AMC Delancey and Paramount Hotel Group a $12.75MM CMBS refinancing loan with a spread of 120 points over the 10-year Treasury rate.
(Read Story)
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Citizens Bank Backs $18 Million Loan for "Traditions of Hershey"
Citizens Bank is providing a letter of credit for project
financing through approximately $18 million in 30-year, tax-exempt, variable
rate demand bonds that are being issued by the Pennsylvania Economic
Development Financing Authority. (Read Story)
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AMC Delancey Divests 12 Properties in a Deal Worth $30 Million
The sale of the Pennsylvania-based portfolio emphasizes AMC
Delancey's goal of divesting all self-managed 'legacy' assets in favor of
investing with operating partners in value-add strategies across classes.
(Read Story)
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 Transition Strategy Continues for AMC Delancey with Sale of Fully Occupied,
KOP Based, Cedar Run Corporate Center
Over $9 Million Sale Continues AMC Delancey Group’s Transition
from Owner/Operator to Equity Partner. At the time of the acquisition and
renovation, Cedar Run was only 19 percent occupied. (Read Story)
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AMC Delancey
partners with talented, local real estate operators
and targets opportunistic investments with an
emphasis on select east coast markets.
AMC Delancey Group is a national real
estate investment company, which provides patient
equity capital and resources to a growing network of
talented real estate operators. We programmatically
invest with operating partners, in numerous asset
classes, who have a proven ability to execute
well-defined value creation strategies. AMC Delancey
is actively pursing new operating partners
throughout the Eastern United States and we welcome
your referrals and introduction.
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View
AMC Delancey's Previous Newsletter's
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