BY: SEAN ROTH | REAL ESTATE EDITOR | Original Source BUYER: LVP HMI Ft. Myers LLC, Lakewood, N.J. SELLER: Summerlin Square LLC PROPERTY: 11281 Summerlin Square Drive, Fort Myers Beach PRICE: $9.43 million PREVIOUS PRICE: $4.57 million, October 2012 LAW … Read More
By: Sean Roth | Real Estate Editor | Original Source BUYER: SD Emerson LLC (manager: Brian Stock), Naples SELLER: Emerson Village LLC PROPERTY: west of Tamiami Trail between Hidden Gateway Boulevard and Emerson Square Boulevard, Fort Myers PRICE: $3 million … Read More
By: Sean Roth | Real Estate Editor | Original Source The investment fund TerraCap Partners received approval from the City Council of Punta Gorda, allowing it to create a large mixed-use development on Jones Loop Road between Interstate 75 and … Read More
By: Sean Roth | Real Estate Editor | Original Source BUYER: Tampa International Business Center II LLC (principal: Walter S. Hagenbuckle), Bonita Springs SELLER: ALEFF LLC (50% interest) and ESAN LLC (50%) PROPERTY: 5519 W. Idlewild Ave., Tampa PRICE: $6.67 … Read More
06 | 10 | 2014 “The acquisitions of Lakeview and Eastpointe bring TerraCap’s investments in Tampa to eight buildings comprising 600,000 square feet,” said Albert Livingston, TerraCap director of asset management at TerraCap. click here to read more
BUYER: Sun Center Village LLC (principal: Walter S. Hagenbuckle), Bonita Springs SELLER: Sarasota Family YMCA Inc. PROPERTY: 41 N. School Ave., Sarasota PRICE: $1.44 million PREVIOUS PRICE: $232,779, December 1992 PLANS, DESCRIPTION: The investment fund TerraCap Partners II purchased three … Read More
04 | 21 | 2014 “Celebration IV stands out from its competitors as one of the more modern office buildings in this market. The new ownership is incredibly proactive and has some great initiatives to refresh and reposition the property,” … Read More
BY: SEAN ROTH | REAL ESTATE EDITOR | Original Source BUYER: Lakeview Office Center LLC (principal: Walter S. Hagenbuckle), Bonita Springs SELLER: EP East Tampa LLC PROPERTY: 6700 Lakeview Center Drive, Tampa PRICE: $13.74 million PREVIOUS PRICE: $12.65 million, October … Read More
03 | 28 | 2014 After the real estate crash in 2007, new home construction was halted and land held by home builders and investors were either foreclosed by banks or turned back into farmland. However, with a shortage of … Read More
By: Sean Roth | Real Estate Editor | Original Source BUYER: Sarasota Sun Center LLC (principal: Walter S. Hagenbuckle), Bonita Springs SELLER: Y Associates Ltd. PROPERTY: 1 S. School Ave., Sarasota PRICE: $11.5 million PREVIOUS PRICE: $500,000, July 1999 LAW … Read More
01 | 31 | 2014 TerraCap Partners’ investment fund TerraCap Partners II purchased the 63,515-square-foot Fairfax II office building for $4 million. The price equated to $63 per square foot. That figure is lower than the two-year average price per square … Read More
11 | 11 | 2013 “They were looking to recapitalize, so we stepped in to do that and took them in as partner,” says W. Steve Hagenbuckle, managing principal of TerraCap Partners. “With that one we now have 15 buildings in … Read More
09 | 27 | 2013 TerraCap acquired commercial properties in recent years because Hagenbuckle says they were undervalued. “The pendulum had swayed way too far in this market,” he says. “We have properties where we’re raising rental rates.” click to read more
09 | 20 | 2013 Bonita Springs investment fund TerraCap Partners II purchased the 223,547 square-foot Lakeside Technology Center for $4.7 million. The price equated to $21 per square foot. That figure is lower than the two-year average price per square foot for … Read More
This three story, 8,606 square-foot office building is located within the city of Bonita Springs, FL across from Simon Mall’s 1.2 million square foot Coconut Point Mall, and is part of the Pelican Landing DRI. The location offers convenient access … Read More
This BMO Harris Bank building is a three story, 28,600 square-foot Class A office space located on Cortez Road in Bradenton, Florida, which is also home to numerous retail, dining, and entertainment destinations. Built in 1996, the BMO Harris building … Read More
This property is a 10,000 square-foot office located near the corner of U.S. 41 and Hancock Bridge Parkway in North Fort Myers, Florida. Originally built in 1975, the property underwent major exterior renovations to the façade, roof, and 3,000 square … Read More
Coral Cove was constructed in 2001 as a 288-unit apartment community. In 2005, the property underwent a condo conversion in which 92 units were sold, the highest sale at $220,000. TerraCap purchased the remaining 196 units from a mortgage REIT … Read More
07 | 11 | 2013 “There’s a real supply crunch,” Hagenbuckle, founder of Bonita Springs, Florida-based TerraCap, said in a phone interview. “We’re inundated by buyers from Brazil, Argentina and Venezuela. The market is rising and Miami is built out.” … Read More
06 | 07 |2013 Bonita Springs-based TerraCap Partners II purchased four commercial buildings in Westlinks Business Park for $3.3 million. The price equated to $30 per square foot. That figure is lower than the two-year average price per square foot … Read More
TerraCap is a deep-value real estate investment and research firm whose thematic approach to investing emphasizes market research and fact-based analysis to acquire mispriced, overlooked, or undervalued assets.
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04 | 15 | 2013 The $180 million pension fund committed $6 million each to Long Wharf Real Estate Partners IV and TerraCap Partners II, managed by TerraCap Management, and $2 million to IC Berkeley Partners III, managed by Industry … Read More
04 | 10 | 2013 Steve Hagenbuckle, managing principal of TerraCap Management, discusses trends in commercial real estate investing and opportunities in private equity.
03 | 21 | 2013 Real estate gurus frequently talk about “shadow inventory” in the residential markets. But there’s a similar phenomenon occurring in the commercial real estate markets that should be encouraging for nearly every commercial real estate investor, … Read More
02 | 25 | 2013 Bob Gray, managing principal of TerraCap Management, discusses trends in commercial real estate investing and opportunities in private equity.
02 | 04 | 2013 Steve Hagenbuckle, managing principal of TerraCap Management, discusses trends in commercial real estate investing and opportunities in private equity.
01 | 25 | 2013 Cape Coral investment fund TerraCap Partners II purchased 196 units, the clubhouse, common areas and associate amenities of the Coral Cove Condominiums for $8.13 million. click for full article
01 | 24 | 2013 TerraCap Partners is pleased to announce it has named James Lane as the firm’s Director of Investor Relations. In this new role, Mr. Lane will communicate directly with TerraCap’s existing clients and also use his … Read More
01 | 02 | 2013 TerraCap Management has held a second close on $30 million of equity for its latest fund, TerraCap Partners II, with a commitment coming from the University of Florida’s endowment fund and several family offices. The … Read More