December 21, 2014 1:59 PM ET

Real Estate Management and Development

Company Overview of North American Properties, Inc.

Company Overview

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

Suite 300

Cincinnati, OH 45202

United States

Founded in 1954

Phone:

513-721-2744

Fax:

513-721-0332

Key Executives for North American Properties, Inc.

Chairman of the Board and Partner
Managing Partner
Chief Financial Officer
Partner and Chief Operating Officer
Compensation as of Fiscal Year 2014.

North American Properties, Inc. Key Developments

North American Properties Announces Executives Promotions

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

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

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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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 6, 2014
A Six-Acre Site Located on Nichol Mill Lane
 

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