Falcon Asset Management Continues to Deliver Strong Results
Falcon Real Estate is pleased to announce the close of 2011 with approximately 1.2 Million square feet of lease transaction activity for the year. Falcon’s asset management team was very active in 2011, closing on more than thirty separate transactions within its national portfolio. Scott Bennett, Chief Operating Officer of Falcon Real Estate commented, “We successfully closed on a number of transactions that were key to providing stable cash flow to investors and increasing property values. By doing so, these properties will remain ahead of the curve in terms of occupancy and rental rates.” Falcon provides asset management and investment advisory services for a diverse portfolio of office, retail, industrial, and residential properties throughout the United States.
For 2011, Falcon’s leasing activity generated total rental revenue of $51 Million. National tenants involved in these transactions included Federal Express, Hartford Insurance, UPS, and TJ Maxx. Bennett added, “After several years of contraction, we are starting to see businesses commit to longer term leases and expand operations. This is just the beginning, but moving this trend in a positive direction will only help real estate investors in the long term.”