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Top Young Professionals Class of 2020

Some day, many years from now, this year’s class of brokers, financiers, architects and engineers on our annual Young Professionals will have the scars to show that, at the worst possible moment for the industry and the country, they proved themselves. Marc Hershberg, 27, Managing partner and chief executive officer at Topaz Capital Group was names Top Young Professional Class of 2020 by the Commecial Obseor

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Topaz Capital’s Marc Hershberg Talks Multifamily Investment During a Global Pandemic

Sometimes a knack for real estate investing is just in your blood. Marc Hershberg developed a taste for the industry very early on, using his bar mitzvah money to invest in his first property.

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Why multifamily garden style vs. high rise during COVID-19?

Since the onset of the COVID-19, residents of cities have begun to move outwards from urban cores to surrounding suburban areas for two primary reasons. First, densely populated and overcrowded cities serve as primary targets and hotspots for future outbreaks, as illustrated by how large, urban metropolises have fared during the current pandemic. Second, the proven long-term viability of the work-from-home (WFH) eliminates the need for employees and employers to work and live in the city.

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Topaz Capital Closed on a Historically Low Refinance Rate of their Jacksonville Property dubbed Topaz Villas JAX Badget Text

Topaz Capital Closed on a Historically Low Refinance Rate of their Jacksonville Property dubbed Topaz Villas JAX

JACKSONVILLE, FL— New York City-based Topaz Capital Group LLC, and JV Partner, Lynd Companies are pleased to announce the refinancing of Topaz Villas JAX located at 5327 Timuquana Rd, Jacksonville, FL 32210 on Wednesday, September 15. Just 15 months after the purchase of the property for $35.15 million in June 2019, the partnership closed on a 12-year non-recourse fixed-rate deal from Fannie Mae serviced by Arbor at a historically low-interest rate of 2.79%.

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1031 Exchange: Take the DST or TIC Route for Multifamily in a Post-Covid World?

Property sellers seeking a 1031 Exchange should be enticed to enter into a Multifamily TIC structure primarily due to the added inherent rights that come along with the structure and the historically safe returns

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Closed: Topaz Capital continues to acquire multifamily property in Jacksonville amid Covid-19

JACKSONVILLE, FL—New York City-based Topaz Capital Group LLC has acquired its 3rd multifamily property in Jacksonville with the latest closing of the 216-unit Planters Walk Apartments in the ever-growing submarket of Duclay. The deal was brokered in an off-market transaction by Greg Rainey and his team from Berkadia.

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Addressing New Challenges in the COVID-19 Era

Leaders in real estate have started to address the impact of the virus on their existing assets and future transactions, explains Marc Hershberg and Jared Isaac of Topaz Capital.

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THE BUILD-OUT: Retail building —from boom to fizzle?

Waves of recent retail construction in Jacksonville area could be slowing in 2020.

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Jacksonville Apartment Trades in Off-Market Deal

Topaz Capital Group plans to invest $2 million to upgrade the property and is in the process of rebranding it as Topaz Plaza JAX.

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Multifamily Real Estate Investments Remain Resilient Despite Market Uncertainty Impact of COVID-19 Crisis

While the COVID-19 crisis may indeed impact all sectors, the goal is to mitigate the risks of wealth loss. We all have learned that investing your hard earned money wisely is increasingly important in today’s ever-changing market. There is no doubt that our financial and global markets will be impacted, and the fear of a recession is no longer one of speculation but a reality.

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Arbor Realty Trust Launches Rental Assistance Program

Multifamily lender Arbor Realty Trust is launching a national $2 million rental assistance program.

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Three Jacksonville apartment communities sold for a total of more than $153.5 million

Mission Springs Apartments near Ortega sold June 13 for $35.15 million. The 72 building, 444-unit community is at 5121 Catoma St. and 5327 Timuquana Road. The buyer is Texas-based Lynd Opportunity Partners through Mission Springs JV Owner 2019 LLC. The deal is a joint venture with New York City-based Topaz Capital, a private equity firm.

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