SCOTTSDALE, AZ / ACCESSWIRE / June 14, 2016 / Talia Jevan Properties, Inc., a private real estate operating company, in partnership with Mr. Colin Scarlett from Colliers International, is proud to announce that it won the 2016 NAIOP and Business in Vancouver, BC Commercial Real Estate Award of Excellence in the Office Lease category at a recent awards gala.
The Office Lease Award of Excellence acknowledges innovation and creativity in meeting the objectives of both the landlord and tenant. Talia Jevan Properties was recognized for its lease with Global Relay, a cloud technology company that provides archiving and information governance solutions for electronic communications. Global Relay has been a long-term, valued tenant of Talia Jevan at its Gastown property located at 220 Cambie Street, better known as the Leckie Building.
Global Relay's office lease is the largest in Gastown history. Vancouver's original downtown, Gastown, was named fourth most stylish neighborhood in the world in 2012 by Complex, a New York fashion magazine. It is currently home to many boutique fashion shops, design and furniture stores, popular restaurants, and professional and technology companies. Global Relay is the only tenant in Vancouver to expand in the same building more than 10 times - starting with 2,500 square feet of space in 2005 and increasing to 62,000 square feet today.
"By providing Global Relay with a high quality building in a premier location - in a place they're proud to call home - we're gratified to play a small role in their ongoing success as one of BC's most awarded technology companies," said Harmel S. Rayat, President of Talia Jevan Properties, Inc. "Our tenants regard our properties as valuable tools to attract and retain quality staff, proudly host their clients, and generate healthy profits over time. We are committed to treating every tenant the same way a luxury five-star hotelier would treat their guests - with respect and courtesy."
Leckie building, Global Relay corporate headquarters located at 220 Cambie St., Vancouver, BC (Gastown)
Every two years, NAIOP and Business in Vancouver recognize the industry's best based on their performance, innovation, creativity, teamwork, collaboration, and community and environmental awareness. Real estate is critical to ensuring a business has a place to grow. According to Global Relay, their relationship with their landlord, Talia Jevan Properties, has allowed them to develop and prosper while servicing more than 20,000 customers in 90 countries around the world.
"Because of our business friendly partnership with our landlord, we have been able to expand our business globally from one of the world's most beautiful cities, in one of Western Canada's most accommodating, attractive, and well-serviced buildings," said Kelvin Ng, Director of Business Operations at Global Relay. "Mr. Rayat has made it possible for us to expand our office space when we needed to, ensuring we can continue to grow."
Due to its 'tenant-first' approach, Talia Jevan's in-house portfolio of approximately 500,000 square feet of properties enjoys aggregate occupancy rates of 95% or better. For the 10-year period ending 2015, Talia Jevan's portfolio has appreciated 326% (33% annualized). This growth is especially impressive when compared to just 6% for the S&P 500 and 9% for the FSTE NAREIT All Index over the same period.
About Talia Jevan Properties, Inc.:
Talia Jevan Properties, Inc. ("Talia Jevan") is a private real estate operating company specializing in the acquisition and long-term ownership of premium commercial real estate assets in cities with economic strength, growth potential, social and cultural diversity, and geographical appeal.
Beginning with an equity investment of just $20 million in 2006, Talia Jevan has successfully implemented a disciplined investment strategy to acquire commercial properties that have generated superior returns while providing significant capital appreciation. As of December 31, 2015, Talia Jevan's in-house portfolio was independently appraised at almost $150 million, generating an annualized equity growth of 33%, as compared to just 6% for the S&P 500 and 9% for the FSTE NAREIT All Index over the same period.
Based on the success of its in-house portfolio, Talia Jevan is sponsoring the Talia Jevan Realty Fund I, LLLP ("Fund"), which seeks to provide accredited investors a relatively low-risk high rate of return while providing for capital appreciation through the acquisition and eventual resale of premium high-quality properties.
To learn more about the Fund and to receive its offering materials, click here or call 800-214-7792.
Media Contact:
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Dwain Schenck
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DISCLAIMER: This press release is for general information purposes only and does not discuss the risks associated with real estate investments. The historical results of operations set forth in this press release are those of Talia Jevan Properties, Inc., and not Talia Jevan Realty Fund I, LLLP (Fund). Past performance is not an indication of future results and no assurances can be given that the Fund will achieve similar results to those of Talia Jevan Properties, Inc. There exists a risk of loss. This is neither an offer to sell nor a solicitation of an offer to buy any security, which can be made only by a Confidential Private Placement Memorandum (PPM) dated February 1, 2016, as it may be amended from time to time. Talia Jevan Properties, Inc. and Talia Jevan Realty Fund I, LLLP, make no representations as to the suitability for any purpose of any investment whatsoever. Securities offered will only be offered by the officers and directors of the general partners of the Fund in accordance with and pursuant to available exemptions from the registration requirements of applicable securities laws. All statements made and description of documents referred to herein are qualified in their entirety by reference to the PPM.
SOURCE: Talia Jevan Properties, Inc.