|
|
 |
REALTY CAPITAL EXPERIENCES 35 PERCENT GROWTH OVER PAST YEAR
ORLANDO, Fla. (February 14, 2006) Realty Capital, one of the largest independently owned commercial real estate firms in the region, continued in a major growth mode over the 2004-2005 period. The firm experienced an overall 35 percent growth in total volume of sales and lease transactions, growing in transaction value from $80.5 million in 2004 to $109 million in 2005.
Of major note, more than 504,000 square feet was sold a 195 percent growth from 2004. The number of lease transactions rose by nearly 33 percent to 162. And, the square feet under management increased by nearly 26 percent to more than 901,000.
“The market is good, the economy is good and Realty Capital is growing right alongside of these factors,” said Realty Capital CEO Jeff Brock. “2005 was a great year to celebrate our 10th anniversary. We’re proud of the localized expertise and value we bring to clients, and we’re continuing to diversify our services to meet growing needs.”
Two 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, RealtyFund is on target to acquire anywhere from two to five properties in 2006.
“Realty Capital is a company on the move,” says Charlie Sloan, executive vice president of the Metro Orlando Economic Development Commission. “Not only are they serving the growing real estate needs of our businesses here, they represent the entrepreneurial success we’re trying to nurture.”
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.
|
|