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HomeServices of America

Rebhan & Associates Joins Berkshire’s Real Living Real Estate Brand

(BRK.A), (BRK.B)

Real Living Real Estate, one of the nation’s leading real estate franchisors and a member of the HSF Affiliates LLC family of real estate brokerage franchise networks, today announced that Rebhan & Associates has joined the network and is operating as Real Living Carolinas Real Estate.

Real Living Real Estate is a network brand of HSF Affiliates LLC, whose parent company is HomeServices of America, Inc., a Berkshire Hathaway affiliate.

Rebhan & Associates remains independently owned and operated by real estate veterans James and Kathleen Rebhan and serves buyers and sellers in the counties of Mecklenburg, Union, Iredell, Gaston, Cabarrus, Lancaster and York.

Kathleen Rebhan said joining the Real Living brokerage network was a natural choice as both organizations share a common philosophy focused on the needs of clients. “Real Living is the most recognized and highest-rated brand among the only group that counts – consumers,” she said. “As a brokerage, we understand that leveraging the Real Living brand name, as well as the support of its parent companies, would position the company competitively in the Charlotte market.”

In 2017, Real Living network brokers and agents earned an unprecedented 98% customer satisfaction rating for 2017, according to independent ratings service Quality Service Certification, Inc. (QSC).

Jim Rebhan added that the brand will appeal to buyers throughout the bustling Charlotte area. “We believe that people moving to the Carolinas will place more value on a brand that connects with clients and the reasons they move,” he said. “Charlotte is a world-class leader in financial services and other industries, and an incomparable hub of opportunity for families and individuals looking to call the region home.”

Rebhan added that the collaborative efforts provided by Real Living will allow Real Living Carolinas Real Estate agents to provide an even higher level of service to clients while encouraging new agents to join the firm. With their network membership, the brokerage also gains access to Real Living’s customized tools and resources.

“Real Living Carolinas Real Estate brings a unique consumer-centric approach that strongly aligns with the Real Living brand,” said Allan Dalton, chief operating officer of Real Living Real Estate. “The brokerage accepts that as lifestyle advisors they’re doing more than marketing homes, but instead marketing overall lifestyles. To many people in the region, and particularly Charlotte, the Carolinas represent where real living begins.”

Real Living Carolinas Real Estate is highly specialized in residential and commercial real estate, relocation services, property management, REO and short-sale transactions. The company also boasts a Senior Preferred Services Division and is recognized as a certified diversity supplier for real estate services for the Charlotte metropolitan area.

Kathleen Rebhan believes the brand will have particular appeal among the company’s home-selling clients. “A major reason why we joined Real Living has to do with their innovative and client-centric approach to marketing homes, specifically through the Real Living Customized Home Marketing SystemSM. The system and our agents focus on personalizing a plan, not only for each individual property, but also how it celebrates and promotes the overall lifestyle of each home for sale. This is a true departure from our industry’s one-size-fits-all approach to home marketing,” she said.

The full-service brokerage is proud to be nationally certified as a Women’s Business Enterprise.

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Berkadia

Berkadia Announces $47.7 Million in Sales of Multifamily Properties in North Carolina & South Carolina

(BRK.A), (BRK.B)

Berkadia, Berkshire Hathaway’s joint venture with Leucadia National Corporation, has announced the $16.7 million sale of Abbey Court, and the $31 million sale of Legends at Charleston Park, two garden-style multifamily properties in Belmont, North Carolina and North Charleston, South Carolina, respectively.

Managing Director Mark Boyce and Associate Director Blake Coffey of Berkadia’s Charleston, South Carolina office led both sales.

Berkadia completed the sale of Abbey Court on behalf of the seller, American Residential Investment Management of Raleigh, North Carolina. The buyer was Napali Capital, LLC of Southlake, Texas. The deal closed on July 31.

“Abbey Court has historically been a well performing and well-maintained asset,” said Boyce. “Napali Capital will continue with that trajectory and can implement a light value-add strategy to the interiors as they move forward with the ownership. This transaction is a great example of the demand we’re seeing for quality multi-family assets in secondary markets of major southeastern cities.”

The Legends at Charleston Park sale was completed on behalf of the seller, United Residential Properties, LLC of Macon, Georgia. The buyer was Fogelman Properties of Memphis, Tennessee, and the deal closed on August 1.

“Legends at Charleston Park represented a great opportunity for Fogelman to acquire a well-constructed asset exhibiting strong performance in an increasingly growing area of North Charleston,” said Boyce. “We continue to see strong demand for well-located multifamily assets throughout the Carolinas.”

About Berkadia

Founded in 2009 as a 50/50 joint venture between Berkshire Hathaway and Leucadia National Corporation, Berkadia is a third-party commercial mortgage servicer, as well as an approved lender for Fannie Mae, Freddie Mac, and HUD/FHA.

The company is among the top Freddie Mac and Fannie Mae multifamily lenders.

Berkadia owes its origins to GMAC Commercial Mortgage Corporation, which was acquired in 2009 by Kohlberg Kravis Roberts & Co., Five Mile Capital Partners LLC, and Goldman Sachs Capital Partners. Christened Capmark Financial, the company had $10 billion of originations in 2008 and a servicing portfolio of more than $360 billion before running into bankruptcy in October 2009.

In a deal approved by the bankruptcy court, Capmark sold its mortgage loan and servicing to the newly formed Berkadia in a deal worth $515 million.

The deal brought Berkshire into the heart of the commercial loan serving business, and the company has one of the largest commercial real estate servicing portfolios.

© 2018 David Mazor


Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Categories
Mouser Electronics

Mouser Electronics Adds Leading Global Supplier of Memory Solutions

(BRK.A), (BRK.B)

Berkshire Hathaway’s Mouser Electronics, Inc., the industry’s leading New Product Introduction (NPI) distributor with the widest selection of semiconductors and electronic components, today announces it has signed a global distribution agreement with Micron Technology, a world leader in innovative memory solutions that transform how the world uses information.

With the agreement, Mouser adds a key memory technology manufacturer to its portfolio, serving its customers worldwide with Micron’s industry-leading solutions.

Backed by 40 years of technology leadership, Micron products target a broad array of applications in the computing, networking, data, server, mobile, embedded, consumer, automotive, and industrial markets.

“We are very excited to have the opportunity to distribute Micron’s extensive portfolio of high-quality memory solutions to our customers across the globe,” said Jeff Newell, Senior Vice President of Products at Mouser Electronics. “By adding Micron to the Mouser line card, we are providing the design engineering community with proven solutions from a recognized leader in the industry.”

Mouser is now stocking the full breadth of Micron memory products, including NAND, DRAM and DRAM modules, multi-chip packages, and Hybrid Memory Cubes based on through-silicon via (TSV) technology. The Micron portfolio available from Mouser also includes products that incorporate 3D XPoint technology, a new class of nonvolatile memory with 1,000 times lower latency than NAND.

Mouser strives to empower innovation among design engineers and buyers by delivering advanced technologies. Mouser stocks the world’s widest selection of the latest semiconductors and electronic components for the newest design projects.

Mouser Electronics’ website is continually updated and offers advanced search methods to help customers quickly locate inventory. Mouser.com also houses data sheets, supplier-specific reference designs, application notes, technical design information, and engineering tools.

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Categories
BNSF

Montana Business Park Receives BNSF Certification

(BRK.A), (BRK.B)

The Kootenai Business Park in Libby, Montana, is now officially one of roughly 20 industrial sites nationwide to be certified by BNSF Railway’s certification program.

In 2016, the Kootenai Business Park received a $750,000 grant from the U.S. Economic Development Administration to restore rail service into the business park.

The total cost of the rail project was $1.6 million to rebuild the 14,000-foot rail spur that originally connected the former Stimson Lumber Co. mill site to BNSF Railway’s main line between Chicago and Seattle.

The Lincoln County Port Authority (LCPA) owns and operates 400 acres of commercial/industrial property acquired after Stimson Lumber Company ceased activity on the property in 2002.

The property, referred to as the Kootenai Business Park (KBP), is suitable for commercial and industrial redevelopment, and a major strategy of the KBP has been the continued investment in infrastructure on the site to attract and support business development.

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Categories
Minority Stock Positions Stock Portfolio

BYD to Bring its Double-Decker Electric Buses to the US

(BRK.A), (BRK.B)

Move over London, America’s commuters will soon be riding high.

China’s new energy company BYD will be bringing its double-decker electric buses to the United States.

The company has yet to reveal the city that the buses where the buses will be going into service, but its most likely in California, as BYD notes that its 45’ Electric Double-Decker Coach is eligible for California’s California Air Resources Board Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP).

Under HVIP, eligible purchasers will receive a $175,000 voucher, and first-time purchasers through the HVIP program will receive an additional $10,000 off.

The official announcement of the location will be made in Q3, according to the company.

BYD and Berkshire Hathaway

In 2008, Berkshire Hathaway bet on BYD’s potential, purchasing 225 million shares. It’s an investment that has paid off handsomely. Berkshire’s original investment of $230 million has grown in value almost ten-fold, and is now worth roughly $1.96 billion.

For More on BYD, read the Special Report: BYD, Berkshire’s Tesla.

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Categories
Berkshire Hathaway HomeServices

Central Nebraska’s Sales-Leading Realtor Joins Berkshire Hathaway HomeServices

(BRK.A), (BRK.B)

Berkshire Hathaway HomeServices has announced that Century 21 Da-Ly Realty has joined its network operating as Berkshire Hathaway HomeServices Da-Ly Realty.

The full-service brokerage, led by local real estate veteran Jeffrey Reed, is Central Nebraska’s perennial leader for units sold and sales volume. It holds a 54% share of the Grand Island real estate market where its three offices operate.

Berkshire Hathaway HomeServices remains one of the nation’s fastest-growing real estate brokerage networks with 46,000+ agents and nearly 1,400 offices named to the brand since it was launched in September 2013. The network was recently named “Real Estate Agency Brand of Year” and “Most Trusted Real Estate Brand” in the 2018 Harris Poll EquiTrend Study.

Gino Blefari, president and CEO of Berkshire Hathaway HomeServices, welcomed Reed and his team. “Da-Ly Realty is an institution in Central Nebraska that has earned the respect and repeat business of its clients,” Blefari said. “The team’s strong work ethic, professionalism and expertise set it apart in the marketplace. I know that our entire network is very proud that its newest member to the brand is as accomplished and widely respected as Jeffrey and his agents.”

“My vision is to expand my brokerage and I felt like the Berkshire Hathaway HomeServices support team, with all its brokerage-management experience, understood my goals and would best help me achieve them,” said Reed. “The Berkshire Hathaway HomeServices brand couldn’t be a better choice for us, operating in such proximity to Warren Buffett and Berkshire Hathaway Inc. We think consumers in our markets will appreciate the combination of Berkshire Hathaway HomeServices and Da-Ly Realty.”

Reed’s organic growth plans include all of Central Nebraska and he said he’s considering brokerage acquisitions in the region. The brand will give Da-Ly Realty an advantage in agent recruiting, he added. “I think nearly every real estate professional in Nebraska understands the unique advantage of the Berkshire Hathaway HomeServices brand in our state. We’re confident top local agents will want to represent the brand,” he said.

With their network membership, Da-Ly Realty agents gain access to the brand’s Global Network Platform, a powerful tool suite driving lead generation, marketing support, social media, video production/distribution and more. The brand also provides international listing syndication, relocation referrals, professional education and the exclusive Luxury Collection marketing program for high-end listings.

“Berkshire Hathaway HomeServices’ tool suite is second to none in real estate,” said Reed. “Our agents will be even more efficient and effective for their clients. They’ll have more advantages to grow their businesses.”

Da-Ly Realty will commemorated its brand transition with an event at its Grand Island headquarters. It will hold an open house celebration Sept. 6 in conjunction with the Grand Island Chamber of Commerce.

The brokerage’s Cabernet and White yard signs today will begin appearing in the marketplace.

2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Categories
BNSF

U.S. Rail Infrastructure Market to Reach $5.93 billion by 2025

(BRK.A), (BRK.B)

According to analysts at ResearchAndMarkets.com, the U.S. rail infrastructure market is projected to reach $5.93 billion by 2025.

“We will not hesitate to bring on additional resources — including infrastructure, equipment, and people — to handle the growth our customers bring us,” BNSF Railway CEO Carl Ice stated in a recent letter to federal regulators at the Surface Transportation Board.

Traffic volume at BNSF Railways is currently at historically high levels for this time of year, Ice also noted.

The U.S. rail infrastructure market is expected to witness a lucrative growth on account of increasing population and demographics in this country. United States is becoming an urbanized country and it is anticipated that it will cover larger network of metropolitan areas.

The report notes that the industry also provides 221,000 jobs across United States and also offers various public benefits such as reducing highway fatalities, logistics cost, greenhouse gases and fuel consumption, reduction in road congestion, and public infrastructure maintenance cost. Rising passenger volume, increasing number of rail routes and network, rolling infrastructure and stock, growing awareness regarding passenger rail is anticipated to boost the U.S. rail infrastructure market over the forecast period.

Railroads are continuously developing and researching high tech innovations to enhance rail operations which in turn is expected to add market growth. Growing investment in locomotives, freight cars, computer equipment, highway equipment, and other equipment is anticipated to add U.S. rail infrastructure market growth over the forecast period.

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Categories
TTI

Berkshire’s Symmetry Electronics & TDK’s InvenSense Extend Distribution Agreement

(BRK.A), (BRK.B)

TDK Corporation has announced that InvenSense Inc., a TDK Group Company, and leading provider of MEMS sensor platform solutions, has extended its strategic distribution agreement with Berkshire Hathaway’s Symmetry Electronics, a leading global distributor of wireless, IoT and video technologies, increasing the footprint and expanding the InvenSense “Sensing Everything” platform globally.

With the extended agreement, Berkshire’s Symmetry Electronics is now chartered with sales and value-added support for InvenSense’s MEMS sensor platform solutions worldwide.

InvenSense provides industry leading sensor technologies in motion tracking, optical image stabilization, location tracking and audio microphones; solutions can be found in the consumer, industrial, automotive and IoT market sectors.

As a member of the TTI Semiconductor Group, Symmetry Electronics specializes in wireless, IoT and video solutions, providing OEMs with a focused and curated line card. TDK, having a long-standing relationship with the TTI family of companies, now enables Symmetry Electronics to support and distribute the full product portfolio of InvenSense; the latest of acquisitions made by TDK.

“The growing market of IoT is increasing the need for high-quality, low-powered MEMS sensors,” said Mark Zack, Vice President and General Manager at Symmetry Electronics. “We are extremely excited to offer InvenSense products to our customers. The innovative technology InvenSense provides will enable our customers to utilize cutting-edge MEMS sensors in their IoT applications.”

“Demand Creation through Distribution is vital to the success of the IoT marketplace,” said Dan Goehl, VP of Worldwide Sales at InvenSense. “We are very excited to have Symmetry as a partner to help maximize our success and provide our customers with such support, extending beyond traditional distributor offerings.”

Symmetry Electronics was acquired by Berkshire’s TTI, Inc. in July 2017.

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Categories
Berkadia

Berkadia Arranges Financing for 3 Multifamily Properties in Dallas-Fort Worth Area

(BRK.A), (BRK.B)

Berkadia, Berkshire Hathaway’s joint venture with Leucadia National Corporation, has announced the $94.2 million in combined financing for Avana Stonebriar, Avana McKinney Ranch and Avana Point, three multifamily garden-style properties located in the Dallas-Fort Worth, Texas area.

Managing Director Andy Hill and Associate Director Tyler Nowlin of Berkadia’s Austin, Texas office secured the financings through Freddie Mac for the acquisition of the properties.

For Avana McKinney Ranch, the team secured $35.19 million in financing for Blue Atlantic McKinney Ranch, LP.

Berkadia secured a seven-year $30.01 million loan for Avana Point on behalf of Blue Atlantic Point, LP.

Avana Stonebriar received $29 million in financing for the borrower, Blue Atlantic Stonebriar, LP.

“We were pleased to work with Atlantic Pacific Companies and Freddie Mac to structure acquisition financings for these three assets under Freddie’s Green Up Program and close within 32 days of signing the loan applications,” said Hill. “In addition to investing in energy conservation improvements, the borrower plans to complete significant capital improvements at all of the properties to elevate their positions within their respective markets.”

Avana McKinney Ranch is located in McKinney, Texas and features 343 units of one, two- and three-bedroom floor plans, as well as attached and detached garages or carports. Residents also have access to a clubhouse, a business center, a pool and spa, a cyber café and an outdoor cabana with a grill. Within 30 days of closing, the property will be renamed The Atlantic McKinney Ranch.

Avana Point is located in Fort Worth, Texas, and the property features 324 units of one-, two- and three-bedroom floor plans. Residents can also enjoy a clubhouse, a fitness facility, a pool and spa, a sand volleyball court and covered parking. The owner plans to rename the property.

Located in The Colony, Texas, Avana Stonebriar features 294 units of one-, two- and three-bedroom floor plans. The property features a clubhouse, a pool, a fitness room and a playground. Within 30 days of closing, the property will be renamed The Atlantic Stonebriar.

About Berkadia

Founded in 2009 as a 50/50 joint venture between Berkshire Hathaway and Leucadia National Corporation, Berkadia is a third-party commercial mortgage servicer, as well as an approved lender for Fannie Mae, Freddie Mac, and HUD/FHA.

The company is among the top Freddie Mac and Fannie Mae multifamily lenders.

Berkadia owes its origins to GMAC Commercial Mortgage Corporation, which was acquired in 2009 by Kohlberg Kravis Roberts & Co., Five Mile Capital Partners LLC, and Goldman Sachs Capital Partners. Christened Capmark Financial, the company had $10 billion of originations in 2008 and a servicing portfolio of more than $360 billion before running into bankruptcy in October 2009.

In a deal approved by the bankruptcy court, Capmark sold its mortgage loan and servicing to the newly formed Berkadia in a deal worth $515 million.

The deal brought Berkshire into the heart of the commercial loan serving business, and the company has one of the largest commercial real estate servicing portfolios.

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Categories
Minority Stock Positions Stock Portfolio

BYD Sets Up US Leasing Program for Electric Buses

(BRK.A), (BRK.B)

With Chinese new energy company BYD leading the charge on pure electric buses, it’s fitting that it would also make headway on making the vehicles affordable for regional transportation systems.

BYD has created a joint venture with San Francisco-based energy and resource infrastructure financing firm Generate Capital to provide an electric bus leasing program in the United States.

Generate Capital will allocate $200 million to the lease program.

Regional transportation systems, which often struggle with affording capital expenditures, will now have greatly reduced upfront costs.

While electric buses are cheaper to run over the long term, they do have higher upfront investment than conventional diesel-powered buses.

The market for electric buses is expanding rapidly, as regional transportation systems replace diesel buses. Many hybrid buses have also been on the road for over a decade, and are heading towards the end of their service life.

According to Bloomberg New Energy Finance, the U.S. energy efficient transportation market is projected to increase 500% over the next eight years.

“BYD’s mission is to fundamentally change the world by reducing our dependency on carbon-based fuels through the development and advancement of battery and electric vehicle technology,” said BYD president Stella Li. “This partnership will be critical in that effort by creating new financing alternatives to a broader range of clients.”

BYD and Berkshire Hathaway

In 2008, Berkshire Hathaway bet on BYD’s potential, purchasing 225 million shares. It’s an investment that has paid off handsomely. Berkshire’s original investment of $230 million has grown in value almost ten-fold, and is now worth roughly $1.96 billion.

For More on BYD, read the Special Report: BYD, Berkshire’s Tesla.

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.