2023

NCA Realty Partners Funds Development of Elizabethtown Warehouse

PHILADELPHIA, December 6, 2023 – NCA Realty Partners LLC today announced it has entered into a partnership with Catalyst Commercial Development to develop a Class A distribution center in Elizabethtown, Pennsylvania.

Located at 156 W. Harrisburg Ave., the industrial facility is currently under development with plans to total 392,000 square feet, and delivery scheduled in mid-2024. The site consists of nearly 43 acres in one of the most utilized logistics corridors in the state. The facility will offer prospective tenants 36-foot clear heights, 347 trailer and car parking spaces and ample additional outdoor storage capability. 156 W Harrisburg offers convenient access to major regional highways and national and global distribution centers.

December 6, 2023 Alice Ericson CorAmerica, NCA Realty Partners No comments

CRE 2024 outlook

In part three of the Insurance Asset Risk/Invesco roundtable, insurers look at the outlook for CRE in the next 18 months—and the economic realities of the world we find ourselves in.

Nassau CorAmerica CEO Bill Petak was one of six industry leaders to participate.

Attendees:

Randy Brown, chief investment officer, Sun Life
Charlie Rose, global head of credit, Invesco Commercial Real Estate Finance Trust
Robert O’Rourke, head of real estate, Guardian Life
Bill Petak, CEO, Nassau CorAmerica
Jean-Roch Sibille, chief investment officer, Allianz Life
Dan North, senior economist North America, Allianz Trade
Chaired by Sarfraz Thind, US Editor, Insurance Asset Risk

September 20, 2023 Alice Ericson CorAmerica, NCA Realty Partners No comments

Nassau Wins Hartford Courant 2023 Top Workplaces Award

HARTFORD, Conn., Sept. 20, 2023 – Nassau has been named one of the 2023 Top Workplaces in Greater Hartford, an annual list published by the Hartford Courant. Nassau is one of 59 local companies to earn this recognition and ranked 8th in the midsize employer category.

The Hartford Courant list is based solely on employee feedback gathered through a third-party survey administered by Energage. Employees in Nassau’s Hartford headquarters participated in the survey.

Top Workplaces rankings are conducted in metro regions across the country and include employers with at least 50 local employees. Nassau was also part of Albany’s 2023 Top Workplaces list, published last April.

September 20, 2023 Alice Ericson Nassau No comments

NCA Realty Partners acquires Connection Park Logistics Center

PHILADELPHIA, September 13, 2023 – NCA Realty Partners LLC today announced it has closed on the acquisition of Connection Park Logistics Center, a newly developed, Class A distribution center in San Antonio.

Located at 6851 Cal Turner Dr., the Class A industrial facility totals 490,093 square feet, was completed in early 2023 and is situated on 42.23 acres in one of the most utilized and infill logistics locations in San Antonio. The facility offers prospective tenants 36-foot clear heights, 1.37 acres of outdoor storage and 348 trailer and car parking spaces. Connection Park sits within an established industrial park, offering convenient access to major regional highways and national and global distribution centers.

NCA Realty Partners acquired the project in co-sponsorship with CAPSTAR Real Estate Advisors of Dallas.

September 13, 2023 Alice Ericson CorAmerica, NCA Realty Partners No comments

Nassau Financial Group and Fortress Investment Group Enter into Strategic Partnership

HARTFORD, Conn., and NEW YORK, September 5, 2023 – Nassau Financial Group, L.P. (“Nassau”), a leading provider of fixed annuities and asset management, and Fortress Investment Group LLC (“Fortress”), a global investment management firm, today announced they have entered into a strategic partnership. This strategic partnership marks a significant milestone for both organizations and opens new avenues for growth and close collaboration. The transaction closed on September 1, 2023, after receiving regulatory approvals.

As part of this strategic partnership, Nassau received a $130 million minority non-voting common equity investment from Fortress. This investment will provide additional primary capital to both further strengthen Nassau’s balance sheet and accelerate the firm’s growth strategy, including organic growth and acquisitions. Nassau entered into a long-term Investment Management Agreement (“IMA”) with Fortress, whereby Nassau’s insurance subsidiaries will have full access to Fortress’ credit investment strategies. Nassau intends to begin investing alongside Fortress credit funds targeting direct lending and ABS investing opportunities.

September 5, 2023 Alice Ericson Nassau No comments