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California  + Bay Area  + Retail  | 

$170M Refi for 33-Property NorCal Retail Portfolio

RMP Properties, LLC secured $170 million in refinancing for a portfolio of 33 high-performing, grocery retail properties in Northern California. The 1.73-million-square-foot, triple-net-leased portfolio is 100% absolute net-leased under a master lease with The Save Mart Companies.

HFF’s Peter Smyslowski, Chris Gandy and Rob Bova worked on behalf of the borrower to place the 10-year, fixed-rate loan with a consortium of CMBS lenders led by UBS. The securitized loan is being used to refinance an existing CMBS loan on the portfolio.

The properties are located in three primary Northern California markets, including the San Francisco Bay Area, Sacramento and the Central Valley. The assets are either free-standing grocery stores or are the grocery anchor in multi-tenant retail centers, and feature properties that are operated under well-known grocery brands.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Read more at HFFConnect With HFF’s Smyslowski

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
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