ERES Facilitates Sale of Element 29 Hotel in Copper Mountain, CO
COPPER MOUNTAIN, CO – December 21, 2022 – ERES Companies (ERES) announced the successfully completed sale of Element 29 Hotel in Copper Mountain, CO. Built in 2021, the Element 29 Hotel offers 127 well-appointed rooms and is the first hotel developed at the base of Copper Mountain.
“This is truly a unique offering, as it is the only hotel in the Copper Mountain submarket. Copper is a world-class ski mountain that continues its transition into an amazing year-round resort. Not many opportunities like this left on the I-70 corridor” commented Mike Elliott of ERES Companies.
The amenity-rich, 4-story property features a state-of-the-art fitness center, large outdoor hot tubs, fire pits, a large bar with ample seating (Bar 29), and more. It is ideally situated within close proximity to 32 dining options, 140 ski runs, 23 lifts, and over 3,000 acres that draw adventure seekers and families all year long.
“ERES has a long history working in resort markets, including Colorado. We are thrilled with the outcome of this transaction in which we represented the seller” noted Elliott.
For information on ERES brokerage capabilities, please visit erescompanies.com/brokerage.
ABOUT ERES COMPANIES
ERES Companies delivers full scale real estate solutions to organizations and investors across the globe, with particular emphasis on emerging, secondary, and tertiary markets. Our expertise is multifaceted, providing clients with invaluable insights across a variety of disciplines including brokerage, investment and development, project management, construction, property management, and workforce housing. With ten offices in North and South America, including our newest offices in Sarasota, FL and Bozeman, MT, ERES is growing and adapting to the ever-changing needs of our clients, partners and their communities. For more information, visit www.erescompanies.com.
CONTACT
Jillian Arena
Director of Marketing
jillian.arena@erescompanies.com
ERES Capital, LLC Sells Whitehall Village Retail Center in Charlotte, NC
CHARLOTTE, NC – November 2, 2022 – ERES Capital, LLC, the full-service private equity investment and development division of ERES Companies, announced today the sale of a prominent retail complex located at 8943 South Tryon Street, Charlotte, NC. The neighborhood retail center was fully leased at the time of the sale and is anchored by Starbucks.
ERES Capital CEO, Mike Elliott comments, “This was a wonderful property purchased ten years ago. We’ve been pleased with the above market returns and continue to seek investment and development opportunities in the Carolina’s.”
To learn more about ERES Capital’s notable projects, visit https://www.erescapital.com
ABOUT ERES CAPITAL
A division of ERES Companies, ERES Capital delivers unique private equity investment and development opportunities to partners and investors. Our emphasis is on mining off-market investments that provide maximum returns across a variety of commercial real estate product types including hospitality, healthcare, multifamily, industrial and education. For more information, visit www.erescapital.com.
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MEDIA CONTACT
Jillian Arena
Marketing Director
jillian.arena@erescompanies.com
ERES Facilitates Sale of Commercial Real Estate Portfolio Totaling Over One Million Square Feet
DENVER, CO — September 13, 2022 — ERES Companies (ERES) announced today the successfully completed sale of 17 commercial real estate assets located in key domestic energy markets. The portfolio includes industrial and of
fice campus locations, land, multifamily and single-family product types totaling over 1.4 million square feet and 1,280 acres.
ERES Managing Brokers Tom Bradley, Mike Elliott, and David Pearson, in partnership with JLL’s Dan Bellow, Michelle Lopez and RJ Sarkaria, represented the seller, a Fortune-500 international energy services company, in nimbly completing the following transactions.
1. Meeker, Colorado | Industrial and Land
2. Grand Junction, Colorado | Administrative and Industrial Campus
3. Ft. Lupton, Colorado | Administrative and Industrial Campus
4. Williston, North Dakota | Administrative and Industrial Campus
5. Williston, North Dakota | Industrial and Rail Services
6. Williston, North Dakota | Apartments & Townhomes Complex
7. Williston, North Dakota | Portfolio of 26 Single-Family Homes
8. Minot, North Dakota | Industrial Campus
9. Dickinson, North Dakota | Administrative and Industrial Campus
10. Richardton, North Dakota | Rail Transload Facility
11. Vernal, Utah* | Industrial Campus
12. Pampa, Texas | Industrial
13. Odessa, Texas | Administrative and Industrial Campus
14. Mission, Texas | Administrative and Industrial Campus
15. Caldwell, Texas | Administrative and Industrial Campus
16. Casper, Wyoming | Industrial
17. Boulder, Wyoming | Industrial
*Co-Brokered with Utah Representation
These notable transactions bring ERES’ 2020 – 2022 YTD total closed contract value to $53.7 million.
“To successfully close this number of properties, during a weakened economy no less, is a testament to the hard work and expertise of the ERES brokerage team and partnership with JLL who collectively worked tirelessly on behalf of our client,” says ERES President Tom Bradley. “Energy markets can offer incredible investment opportunities, but they are also highly challenging given their boom-and-bust nature. We absolutely relied upon our deep experience and connections in these rural markets to make these deals come to fruition.”
For information on ERES brokerage capabilities, please visit erescompanies.com/brokerage.
ABOUT ERES COMPANIES
ERES Companies delivers full scale real estate solutions to organizations and investors across the globe, with particular emphasis on emerging, secondary and tertiary markets. Our expertise is multifaceted, providing clients with invaluable insights across a variety of disciplines including brokerage, investment and development, project management, construction, property management, and workforce housing. With ten offices in North and South America, including our newest offices in Sarasota, FL and Bozeman, MT, ERES is growing and adapting to the ever-changing needs of our clients, partners and their communities. For more information, visit www.erescompanies.com.
ABOUT ERES CAPITAL
A division of ERES Companies, ERES Capital delivers unique private equity investment and development opportunities to partners and investors. Our emphasis is on mining off-market investments that provide maximum returns across a variety of commercial real estate product types including hospitality, healthcare, multifamily, industrial and education. For more information, visit www.erescapital.com.
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MEDIA CONTACTÂ
Kate Waggoner
Chief Operating Officer
kate.waggoner@erescompanies.com
ERES Companies Announces Grand Opening of Sarasota Office
Sarasota, FL — August 16, 2022 — ERES Companies (ERES), a full service, commercial real estate firm, announced today the opening of its new office in Sarasota, FL. The office, located in the Sarasota City Center building, will serve as a hub for ERES Capital, the organization’s private equity investment and development division. The Sarasota office marks ERES Companies’ 10th office location globally and will enable the organization to expand its services to the Gulf Coast and Southern U.S. regions.
ERES Capital has already made its mark on the Sarasota market with its announcement in March of a new luxury condo development in the desirable Rosemary District. ERES Capital also has plans for a hotel project in downtown Ft. Myers, which will be announced in the coming weeks.
“We are excited to establish a permanent presence in this explosive market,” commented Tom Bradley, ERES President and Sarasota resident.  “Sarasota’s future continues to be bright. With the grand opening of our local office, ERES Companies is now better positioned to support the commercial real estate and development needs of this growing community.”
The office is centrally located at 1819 Main Street in Suite 1000.
ABOUT ERES COMPANIES
ERES Companies delivers full scale real estate solutions to organizations and investors across the globe, with particular emphasis on emerging, secondary and tertiary markets. Our expertise is multifaceted, providing clients with invaluable insights across a variety of disciplines including brokerage, investment and development, project management, construction, property management, and workforce housing. With ten offices in North and South America, including our newest offices in Sarasota, FL and Bozeman, MT, ERES is growing and adapting to the ever-changing needs of our clients, partners and their communities. For more information, visit www.erescompanies.com.
ABOUT ERES CAPITAL
A division of ERES Companies, ERES Capital delivers unique private equity investment and development opportunities to partners and investors. Our emphasis is on mining off-market investments that provide maximum returns across a variety of commercial real estate product types including hospitality, healthcare, multifamily, industrial and education. For more information, visit www.erescapital.com.
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MEDIA CONTACTÂ
Kate Waggoner
Chief Operating Officer
kate.waggoner@erescompanies.com