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REALTY CAPITAL EXPERIENCES 21 PERCENT GROWTH IN 2006
ORLANDO, Fla. (February 6, 2007) -- Realty Capital, one of the largest independently owned commercial real estate firms in the region, continued in a major growth mode over the 2005-2006 period. The firm experienced an overall 21 percent growth in total volume of sales and lease transactions, growing in transaction value from $109 million in 2005 to $127 million in 2006.
Of major note was the firm’s leasing activity. The number of lease transactions rose by 25 percent (over the previous year) to 203, while the value of those transactions rose by 87 percent to $63 million. In addition, the square feet under management continued to climb at a steady six percent (now at 956,554 square feet under management).
“The market is good, demand is strong, the economy is healthy and Realty Capital is growing right alongside of these factors,” said Realty Capital CEO Jeff Brock. “For a locally owned firm like ours to continue experiencing solid growth in a market where the national firms have a strong presence is exciting. We pride ourselves on the localized expertise and value we bring to clients, and we’re continuing to diversify our services to meet growing needs.”
Three years ago, Realty Capital launched a sister company – RealtyFund – where firm principals co-invest in properties with individual investors. In addition, principals at the firm actively engage in development and joint venture with land owners to develop shopping centers, office buildings and land. RealtyFund’s portfolio currently includes three office complexes; firm principals are engaged in several development projects, including the West Volusia Town Centre in Orange City. According to Realty Capital President Charles Frederick, more property acquisitions and development ventures are planned for this year.
About Realty Capital – Realty Capital., is one of the few and largest privately held full service commercial real estate brokerages based in Orlando, Florida and operating in the seven-county Central Florida region. The firm consists of three divisions -- brokerage, property management and development services – and has a 40-member professional staff. Realty Capital has national and international capabilities through its affiliation with TCN Worldwide, a global network of firms in more than 210 markets worldwide with over 1,200 brokers.
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