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2012 Rewound

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As 2012 comes to a close, we wanted to share with you what Shannon Waltchack has been a part of this last year.  Overall, the real estate market continues to be a challenging one; however, there are tremendous opportunities if you are able to work hard and be patient.

Below is a glimpse into what has happened in 2012:

Acquisitions:

  • UAB Studio Arts Building
  • Dental Arts Medical Office Building
  • The Plaza Gardendale
  • NAPA Auto Parts Gardendale
  • Commercial Lot – Cahaba River Road
  • Chace Landing – Riverchase
  • 2121 Highland Avenue

In order to fund these deals, we raised approximately $4mm in equity.

Dispositions:

  • 119 MOB – Pelham, AL
  • Dollar General – Wetumpka, AL
  • Express Oil Change – Columbia, SC

Development/Redevelopment

  • Railroad Square (Shannon Waltchack Headquarters/UAB Print Shop)
  • Five Points Retail
  • Dental Arts Medical Office Building
  • PT Ortho – The Hollywood
  • Festivities – Homewood Retail
  • Kress Building Tuscaloosa

We have been involved in financing and refinancing activities totaling over $16mm.

Our portfolio continues to outperform the broad market as we are 97% occupied across all asset classes.

Our management portfolio has grown over 30% to over 2,000,000 SF.

Our overall brokerage volume surpassed $50,000,000.

We have added new additions to our team:  Ali Wilburn and Robert Crook, Brokers; Brandi Eggleton, Associate Property Manager; and Willie Cramer, Maintenance Technician.  We are truly blessed to have a great team working towards the same goals.

We are thankful for all of our trusted clients, investors, vendors and friends.  Without you, we truly could not have had such a great year.

As 2012 comes to a close, we wanted to share with you what Shannon Waltchack has been a part of this last year. Overall, the real estate market continues to be a challenging one; however, there are tremendous opportunities if you are able to work hard and be patient.

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by Suzanne Echols
12.13.2012