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Westwood Financial Announces The Launch Of The Hilgard Fund
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LOS ANGELES, July 1, 2021 /PRNewswire/ Westwood Financial today announced the launch of the Hilgard™ Fund, a new open-ended single tenant net lease (STNL) fund. The Fund will acquire a portfolio of tenants in its properties consisting of investment-grade tenants and creditworthy tenants with an average lease duration of 7 years. The Hilgard Fund represents a unique product in the market that gives private investors exposure to commercial real estate and provides tax deferred income at attractive yields with liquidity. Our investment results on previous investing in STNL have been excellent, said Mark Bratt, Chief Executive Officer.
Westwood Financial Announces First Quarter 2021 Results
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LOS ANGELES, May 28, 2021 /PRNewswire/ Westwood Financial, a leading retail real estate investment firm, announced updates today on its financial and operational results for the three months ended March 31, 2021, which included:
Same-property Q1 2021 compared to Q1 2020 revenue and NOI was +1.6% and +3.2% on a GAAP basis, respectively
Executed 18 new leases totaling 39,000 square feet in Q1 2021
Executed 33 renewals totaling 222,000 square feet in Q1 2021; renewal spreads are +3.8%
Q1 2021 ending total leased percent is 93.3% compared to 93.4% for the same quarter end 2020
Q1 2021 ending total inline leased percent is 87.9% compared to 88.7% for the same quarter end 2020
Lauren Ball Joins Westwood Financial As New Head Of Leasing
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LOS ANGELES, April 5, 2021 /PRNewswire/ Westwood Financial, a leading retail investment firm with a portfolio of 110 shopping centers in the U.S., has announced a key change to its executive team. Lauren Ball joins the dynamic organization and will be replacing David Malayil, where she is overseeing the company s leasing operations nationwide.
Lauren Ball, Head of Leasing, Westwood Financial David s contribution has been immeasurable. His commitment and dedication during his time at Westwood are greatly appreciated. David is leaving to start his own firm, explains Mark Bratt, CEO. We are very excited Lauren will be joining us as the new Head of Leasing. She is a strong leader who brings with her over 15 years of industry experience and a broad network of National Retail relationships. Lauren will prove to be an invaluable contributor to the organization.
Westwood Financial Announces Fourth Quarter And Full Year 2020 Results
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LOS ANGELES, March 4, 2021 /PRNewswire/ Westwood Financial, a leading retail real estate investment firm, announced updates today on its financial and operational results for the three months and twelve months ended December 31, 2020, which included:
Same-Store 2020 vs 2019 NOI was -1.0% on a GAAP basis, compared to an industry average of -8.9%
Executed 30 new leases totaling 75,000 square feet in Q4 2020
Executed 64 new leases totaling 152,000 square feet in full year 2020; new leasing spreads are +0.2% on a comparable basis
Executed 191 renewals totaling 471,000 square feet in full year 2020; renewal spreads are 4.2%