Real Estate Management and Development
Company Overview of North American Properties, Inc.
North American Properties, Inc., a real estate company, acquires, develops, and manages retail, multi-family, mixed-use, and office properties in the United States. It acquires, manages, repositions, and redevelops various retail and multifamily properties. The company also provides apartments for lease; and brokerage, entitlement, and redevelopment services. North American Properties, Inc. was formerly known as North American Management & Realty Company and changed its name to North American Properties, Inc. in February 1966. The company was founded in 1954 and is headquartered in Cincinnati, Ohio.
212 East Third Street
Cincinnati, OH 45202
Founded in 1954
Key Executives for North American Properties, Inc.
Chairman of the Board and Partner
Partner and Chief Operating Officer
Compensation as of Fiscal Year 2014.
North American Properties, Inc. Key Developments
North American Properties Announces Executives Promotions
Jan 14 14
North American Properties has promoted two executives to top positions: Kevin Riley is new chief operating officer. He joined the company in 1998 as chief financial officer. Lisa Art is new chief financial officer. She joined the company 14 years ago as controller, and within two years, was promoted to vice president of finance.
North American Properties Closes $126.5 Million in Construction Financing
Aug 16 13
North American Properties - Atlanta Ltd. (NAP), developers of Avalon, announced that construction financing has been closed and vertical construction has begun. NAP, in joint venture with Sarofim Realty Advisors, secured $126.5 million in financing for Phase I, comprised of an $86.5 million syndicated senior loan by Wells Fargo Bank and Bank of America accompanied by a $40 million mezzanine loan provided by JP Morgan Asset Management. Eastdil Secured arranged the financing package. Site work is well underway, and vertical construction has begun, one month ahead of schedule. October 2014 will mark the grand opening of Avalon, the Southeast's preeminent experiential development -- a place where specialty retail, entertainment, restaurants, residences, offices, hotels and public spaces come together to create a truly unique experience. Avalon's Phase I retail space is now 75% leased. Recently added retailers include: Giovanni Di Palma's Antico Napoletana, Bantam + Biddy by Chef Shaun Doty, Tommy Bahama, Vineyard Vines, Exhale Spa, West Elm, Kinnucan's Specialty Outfitter, Sage Boutique, Free People, Janie and Jack, C. Wonder and L'Occitane.
North American Properties, Inc. to Open an 86-Acre, Resort at Avalon in Alpharetta
Jan 28 13
North American Properties, Inc. will officially break ground at Avalon, an 86-acre, resort-inspired, mixed-use development. When it opens in Alpharetta, Ga., Aug. 22, 2014, the $600 million project will be the Southeast's preeminent experiential development -- a place where specialty retail, entertainment, restaurant, residential, office, hotel and public spaces come together to create a truly unique destination. Each winter the Plaza at Avalon will feature an ice skating rink, similar to the one at Rockefeller Center.
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