Alpine Income Property Trust Provides Portfolio Update and Announces Record 2021 Transaction Activity

Alpine Income Property Trust Provides Portfolio Update and Announces Record 2021 Transaction Activity

by Investment Property

Winter PARK, Fla., Jan. 05, 2022 (World NEWSWIRE) — Alpine Income Residence Have faith in, Inc. (NYSE: PINE) (the “Company”) now furnished a portfolio update and announced its record 2021 acquisition and disposition things to do.

2021 Acquisition Highlights

  • All through the yr ended December 31, 2021, the Corporation obtained 68 web lease retail attributes for a full acquisition quantity of $260.3 million, symbolizing a weighted-regular heading-in cash cap fee of 6.8{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}. Acquisitions concluded for the duration of the calendar year experienced a weighted-ordinary remaining lease phrase of 8.2 decades and roughly 37{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of annualized base rents are from a tenant or the guardian of a tenant with an investment decision grade credit history rating.

  • All through the fourth quarter of 2021, the Company obtained 26 internet lease retail qualities for whole acquisition quantity of $101.6 million, symbolizing a weighted-ordinary going-in cash cap charge of 6.2{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}. Acquisitions concluded in the course of the fourth quarter experienced a weighted-common remaining lease expression of 8.1 decades and roughly 32{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of annualized base rents are from a tenant or the parent of a tenant with an investment decision grade credit rating ranking.

  • The fourth quarter 2021 acquisitions are located in 11 states, net leased to tenants operating in 10 various retail sectors, which include the home improvement, sporting merchandise, property furnishings, informal eating, greenback store, ease retail outlet and farm & rural supply sectors, and around 34{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of annualized foundation rents are from floor leased homes.

2021 Disposition Highlights

  • In the course of the yr ended December 31, 2021, the Business marketed 3 web lease properties for complete disposition volume of $28.3 million, at a weighted common exit cap amount of 7.2{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}. The sale of the houses created aggregate gains of $9.7 million.

  • For the duration of the fourth quarter of 2021, the Firm offered its one tenant office homes positioned in Orlando, Florida internet leased to Hilton Grand Vacations for $24.5 million, representing an exit cap amount of 7.5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}.

Yr-Stop 2021 Portfolio Update

  • As of December 31, 2021, the Company owned 113 net lease attributes that ended up 100{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} occupied and produced $36.9 million of annualized based hire.

  • The Company’s portfolio at yr-close 2021 had a weighted-ordinary remaining lease time period of 7.8 yrs, somewhere around 9{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of annualized foundation rents are from floor leased attributes and about 45{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of annualized foundation rents are from a tenant or the mum or dad of a tenant with an investment decision grade credit score.

“I’m very pleased with our robust end to a very productive year,” explained John P. Albright, President and Main Executive Officer of Alpine Profits Property Believe in. “The fourth quarter signifies our major quarter of acquisition quantity to-date and associated a selection of beautiful prospects, such as a floor lease portfolio that created up more than just one 3rd of our overall volume. We’re encouraged by the power of our pipeline and confident our portfolio’s solid demographics, very well-executing and defensive retail sectors and interesting actual estate fundamentals placement us for balance and growth as we head into 2022.”

About Alpine Income Property Belief, Inc.

Alpine Profits Assets Have faith in, Inc. (NYSE: PINE) is a publicly traded authentic estate financial commitment belief that acquires, owns and operates a portfolio of higher-excellent net leased homes. For extra data on the Enterprise, be sure to check out www.alpinereit.com.

Harmless Harbor

This press launch could consist of “forward-on the lookout statements.” Forward-seeking statements contain statements that may well be determined by text these types of as “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and identical references to long run periods, or by the inclusion of forecasts or projections. Ahead-hunting statements are based mostly on the Company’s recent anticipations and assumptions pertaining to capital industry conditions, the Company’s enterprise, the economic system and other upcoming circumstances. Since ahead-seeking statements relate to the long term, by their mother nature, they are subject to inherent uncertainties, threats and improvements in circumstances that are difficult to predict. As a result, the Company’s genuine outcomes may well vary materially from individuals contemplated by the forward-searching statements. Significant factors that could induce real success to differ materially from those people in the forward-hunting statements consist of typical enterprise and economic conditions, continued volatility and uncertainty in the credit rating markets and broader economical markets, challenges inherent in the true estate small business, such as tenant defaults, possible liability relating to environmental matters, illiquidity of serious estate investments and opportunity damages from all-natural disasters, the impact of the COVID-19 Pandemic and its variants on the Company’s enterprise and the business enterprise of its tenants and the influence on the U.S. financial state and market place disorders commonly, other things impacting the Company’s business enterprise or the company of its tenants that are outside of the manage of the Firm or its tenants, and the elements established forth underneath “Risk Factors” in the Company’s Once-a-year Report on Sort 10-K for the yr ended December 31, 2020 and other risks and uncertainties discussed from time to time in the Company’s filings with the U.S. Securities and Exchange Fee. Any forward-looking assertion made in this press launch speaks only as of the date on which it is designed. The Business undertakes no obligation to publicly update or revise any forward-on the lookout assertion, no matter if as a consequence of new info, future developments or normally.

The Company defines “annualized base rent” as the annualized straight-line in-area base hire demanded by the tenant’s lease as of December 31, 2021. ABR is a non-GAAP fiscal measure. We imagine this non-GAAP financial measure is practical to traders since it is a extensively accepted field measure utilised by analysts and investors to compare the real estate portfolios and running general performance of serious estate investment trusts.

Call:

Matthew M. Partridge
Senior Vice President, Main Money Officer & Treasurer
(386) 944-5643
mpartridge@alpinereit.com

Should you add real estate to your retirement portfolio?

Should you add real estate to your retirement portfolio?

by Investment Property

“In our research, we located that portfolios that have a combination of stocks, bonds and serious estate outperform other portfolios,” mentioned Ken. H. Johnson, Ph.D., a real-estate economist at Florida Atlantic University. “You get a far better threat/return profile from proudly owning authentic estate.”

Dr. Johnson claimed the “optimal mix” in a portfolio is 50{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} authentic estate, 30{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} stocks and 20{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} bonds. This formulation, he explained, would be viewed as adequately diversified to give security in retirement. The actual-estate element can incorporate your individual dwelling, expense residence or a mixture of both of those.

But what sort of serious estate? And should you make investments instantly in cash flow-creating hard property, like household rental assets or industrial house, or make more passive investments, this kind of as a REIT, by acquiring publicly traded shares or investing in a mutual fund?

Joe Pelayo, a professional genuine-estate broker in Fort Lauderdale who performs with individual traders, suggests warehouse homes to his customers on the lookout to devote for retirement since they normally involve minimal active management. Similarly, health-related-office buildings also have extensive-phrase tenants and generally have triple-internet leases, he mentioned, wherever the tenants pay bills and suppose management obligations for the setting up. Residential investment normally takes extra do the job.

“When you spend in residential home, you have to have some administration expertise,” stated Mr. Pelayo. “But with professional houses, the leases are long—five to 10 years—so you do not have to be chasing a new tenant just about every calendar year or two.”

Despite the problems, many retirees commit in residential residence, this kind of as one-relatives rental properties.

Jim Cheeks has been a builder in Atlanta for about 20 yrs, and he often offered what he developed. But about five decades in the past, he understood that he wasn’t making extensive-phrase retirement wealth that way. So, Mr. Cheeks, 53, now retains about 25{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of what he builds as rental assets. His aim is to have a portfolio of revenue-developing properties when he retires. That portfolio at the moment is composed of eight properties that he rents, but in a yr he expects to individual 29. His investments differ, but a typical house, which incorporates 3 units—a duplex and an accent dwelling unit—throws off about $8,000 a thirty day period in rental earnings, which, he said, yields a “better than common” return on his financial investment.

At 28, Josh Pankratz has the same expense technique as Mr. Cheeks. Mr. Pankratz, a health-related income consultant from Hattiesburg, Pass up., bought his very first financial commitment assets in 2018 and at this time owns two a few-bed room, two-bath households that he rents out. Every delivers rental profits of around $1,500 a month.

“I didn’t want my cash sitting down in a lender account currently being stagnant and not growing,” he explained. “I have a 401(k) and a Roth IRA, but actual estate diversifies your possibility considering that folks need to have to have a spot to stay, even via instances of crisis. And it not only gives funds flow but it is an appreciating asset.”

But genuine estate is not an investment decision for every single retiree. Single-family rentals, for illustration, call for energetic management. And what retiree needs to be woke up in the center of the night by a tenant calling to say his rest room is leaking?

That annoyance can be avoided by employing a home manager. Executing so cuts into your return on the house, for positive, but lots of investors look at the cost—which may differ by current market, but ordinarily is the very first month’s lease plus 10{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of each individual month’s lease thereafter—to be nicely really worth it, specifically due to the fact the administration corporation will also discover and vet long run tenants.

In this article are some items to look at if you are imagining about incorporating money-generating actual estate to your retirement portfolio.

Consider secondary, a lot less-pricey house marketplaces. It may possibly be tempting to buy financial commitment homes near to property so you can hold a close eye on them. But, based on where you dwell, serious estate may well be so dear that the returns are very low. Mr. Pelayo reported investors from New York, Chicago and California are flocking to South Florida and pushing costs up and returns down. He suggests looking in significantly less-pricey markets to increase returns. Jacqueline Ready, a broker at Berkshire Hathaway HomeServices Panoramic Houses in Biloxi, Overlook., stated that she frequently is effective with out-of-point out buyers searching for homes for their retirement portfolios. “They can take their portfolio in Arizona, liquidate it and invest in two or a few situations as significantly home in South Mississippi,” she mentioned. “Your income stretches considerably further in the smaller sized markets, and not just on the home itself but on upkeep, enhancements and administration fees.”

Diversify each solution kind and geographic location. “A diversified portfolio will have a smoother ride as a result of the ups and downs that occur by way of the economic cycle,” stated Michael Silver, a certified fiscal planner in Boca Raton, Fla. “If you commit throughout all asset classes—stocks, bonds, authentic belongings and funds or income equivalents—some of them will zig, when some others zag, and you’ll get a additional constant, stable and predictable return more than time.” Buyers really should also diversify geographically and not focus assets in a solitary sector. “Commercial genuine estate can be risky, primarily if you are seeking in just 1 geographical space,” reported Jamie Hopkins, controlling director, prosperity options at Carson Team, a countrywide prosperity-administration and coaching firm.

Discover the lingo. Although investors should often count on specialists to overview their deals ahead of time—including attorneys and accountants, who can overview the quantities and verify that the return on the house is what was touted—realize that professional genuine estate is all about the numbers. And, to fully grasp the numbers, you require to know the lingo, so brush up on the formulas for NOI (internet working cash flow), cap costs and other relevant finance phrases.

By Robyn A. Friedman

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Brad Pitt has a massive real estate portfolio, are any in Missouri?

Brad Pitt has a massive real estate portfolio, are any in Missouri?

by Luxury Real Estate

ST. LOUIS – Missouri native Brad Pitt has landed on a list of 10 actors with massive real estate portfolios. He and ex-Angelina Jolie have owned homes in several cities across the globe but does he have any in the Show-Me-State?

Stacker.com reports that some actors have prime real estate across the world but for some actors, real estate is about more than an enviable estate or mega-mansion, it is an investment that marries their love for home and their entrepreneurial spirit. These actors have taken their passion for prime properties and turned it into a serious side hustle.

UpNest.com put together a list using various news, entertainment, and real estate sites. The report says whether they flip or renovate, own in the U.S. or overseas, the actors have made an enviable living outside of their given trade by investing in real estate and have portfolios to back it up.

Brad Pitt

Brad Pitt and Angelina Jolie have owned several properties together including a French chateau, a London estate, and a mansion in New Orleans according to Upnest. He also reportedly invested in a Las Vegas casino with George Clooney and Rande Gerber, Cindy Crawford’s husband. The casino never happened but they were able to sell the 25-acre lot to Starwood Hotels for $202 million after purchasing the land for $90 million.

In April of 2021, velvetropes.com reported Pitt has a real estate portfolio of more than $100M. The site reported his primary home is in the Los Feliz neighborhood of Los Angeles. The home is 5,338 square feet and has a giant main house and at least four smaller properties that have been added over the years.

Velvetropes.com also says he has a home in Hollywood Hills. It is more of a contemporary retreat. The home has hidden shelves and niches are built into many of the walls with the intention of keeping each room free of clutter.

Pitt also has a French estate known a “Chateau Miraval”. He and Jolie leased it in 2008 before buying it in 2011. The couple got married at the estate’s chapel in 2014. When the pair split there was apparently a big battle over who would get to keep it. They ended up sharing it.

Pitt and Jolie owned a home in New Orleans together but they sold it after their divorce and were able to make $1.4M off of it. The home was built in the 1830s and featured traditional brick and a balcony that overlooked the city.

LOS ANGELES, CALIFORNIA – JANUARY 19: (EXCLUSIVE COVERAGE) Brad Pitt and Jennifer Aniston attend the 26th Annual Screen Actors Guild Awards at The Shrine Auditorium on January 19, 2020 in Los Angeles, California. 721313 (Photo by Emma McIntyre/Getty Images for Turner)

Pitt and ex-Jennifer Aniston also co-owned a Beverly Hills home from 2001 to 2006 says velvetropes.com. The couple apparently spent three years renovating the property but only lived there for two years before splitting up. The additions they added include a tennis court, guest house, and a dining room for 20.

There is also a rumored house in the Lake of the Ozarks. Velvetropes.com reports he has long been rumored to have built a colossal mansion in the Ozarks but it is not clear who it belongs to. It is known as “Pensmore” and construction began in 2011. It is considered one of the biggest residential homes in the country. It was apparently bought in an extremely rural area between Springfield and Branson. However, public records do not connect Pitt to the home.

There were also rumors of Pitt building a home for Jennifer Aniston in April of 2020. BTonline.com reported Woman’s Day reported that a source says it has been a longtime dream of Brad’s to build a lake house in the Ozarks near his parents’ house. However, the publication reported the source said he is not building a home for Jen in Missouri.

Leonardo DiCaprio

(Photo by Gisela Schober/Getty Images)

The Oscar-winning actor is also a real estate giant with a diversified portfolio. DiCaprio purchased his first home in the late ’90s in the Los Angeles suburb of Silver Lake for $769,500, which he went on to list in 2018 for $1.7 million. The decorated performer also owns properties in New York, California, and abroad in Belize. A landlord of sorts, DiCaprio’s rental, 432 Hermosa located in Palm Springs, is a mid-century modern home previously owned by singer and actress Dinah Shore, with daily rates starting at $3,750 per night with a two-night minimum. One of DiCaprio’s most ambitious real estate endeavors, Blackadore Caye, an island in Belize, was purchased with business partner Jeff Gram in 2005, and the actor plans to turn it into an eco-resort.

Oprah Winfrey

(AP Photo/Michel Euler, File)

The multi-talented actress and media mogul is also a real estate tycoon who owns several homes. Her main residence, located in Montecito, California, is worth more than $100 million and features several properties on 70 acres. In 2019, Winfrey purchased actor Jeff Bridges’ property, which neighbors her own in Montecito. She owns homes in Maui, Colorado, and Washington state. According to Celebrity Net Worth, Winfrey’s real estate holdings are worth an estimated $200 million.

Arnold Schwarzenegger

The “Terminator” star made a bold real estate investment early on in his career when he purchased a multi-unit apartment building. Turning to real estate in the ’70s allowed Schwarzenegger to focus on his acting career and brought him his first million. The former governor of California still owns many of the commercial real estate properties that he purchased on Main Street in Santa Monica just after heavyweight real estate investor Albert Ehringer showed him the ropes. Today, he owns retail space, apartments, and office buildings. He has an estimated net worth of $400 million.

David Charvet

(Photo by Michael Loccisano/Getty Images)

The actor had success in the ’90s with roles on “Baywatch” and “Melrose Place.” Charvet continued his acting career but became interested in real estate while having a home built in Malibu for his family. In 2007, Charvet co-founded Jones Builders Group, a Los Angeles-based, full-service developer and builder of luxury homes with business partner Nathan Jones. Charvet also purchased several investment properties. The company allowed him the opportunity to develop his own line of homes, known as Charvet Estates.

Ellen DeGeneres

(AP Photo/John Locher, File)

Actor, comedian, and talk show host Ellen DeGeneres flips luxury properties and has acquired quite the real estate portfolio. Some of her most profitable flips include a Montecito, California, an estate she purchased in 2017 for over $7 million and sold for $11 million dollars less than a year later, and a 2014 flip that brought in $15 million. She and her wife, Portia de Rossi, have bought, flipped, and sold more than 20 properties since 2003. DeGeneres’ first flip was a West Hollywood Spanish bungalow. “The first thing I did when I made money was buy a house,” DeGeneres told Architectural Digest. She often buys other celebs’ homes, as she did in 2011 when she purchased Brad Pitt’s Malibu home for $11 million and sold it a year later for a cool $1 million profit.

Jennifer Aniston

FILE: Jennifer Aniston accepts The People’s Icon of 2019 award on stage during the 2019 E! People’s Choice Awards held at the Barker Hangar on November 10, 2019. (Photo by: Alberto Rodriguez/E! Entertainment/NBCU Photo Bank)

In 2018, Jennifer Aniston told Architectural Digest, “If I wasn’t an actress, I’d want to be a designer.” The “Friends” star doesn’t just purchase properties, she leaves her own mark on each one. Her marital home with Brad Pitt in Beverly Hills was purchased for $13.1 million and sold for $28 million with multiple additions to the property, including a screening room, tennis court, and a guest house. Ohana, another one of her Beverly Hills properties, was sold for $36 million, netting the actor a small fortune. Its original purchase price was $13.5 million. Aniston also owns properties in New York City, though she did sell two Manhattan condos for a loss in 2012, proving that real estate definitely has its highs and lows.

Robert De Niro

TODAY — Pictured: Robert De Niro on Wednesday, April 24, 2019 — (Photo by: Nathan Congleton/NBCU Photo Bank/NBCUniversal via Getty Images via Getty Images)

Not only does Robert De Niro own residential properties in New York and London, but the accomplished actor has also invested in commercial properties as well. The industrious businessman is a co-owner of Nobu restaurant, which has locations in Dubai, Los Angeles, New York, Moscow, Monte Carlo, and London. Nobu is not De Niro’s only restaurant venture, as he also owns Tribeca Grill in New York City. De Niro is currently working on the Nobu Beach Inn on the small Caribbean island of Barbuda, which is expected to open in 2023 and feature one- to four-bedroom villas.

Diane Keaton

JIMMY KIMMEL LIVE – “Jimmy Kimmel Live” airs every weeknight at 11:35 p.m. EST and features a diverse lineup of guests that includes celebrities, athletes, musical acts, comedians and human-interest subjects, along with comedy bits and a house band. The guests for Monday, June 12 included Diane Keaton (“AFI Life Achievement Award: A Tribute to Diane Keaton”), Lonzo and LaVar Ball and musical guest Phoenix. (Randy Holmes/Disney General Entertainment Content via Getty Images)
DIANE KEATON

Oscar-winning actress Diane Keaton has an acting career that spans many decades, but she’s also a serious real estate flipper who buys, renovates, and sells homes. Her father, a real estate broker and engineer, was also interested in home renovation, and she may have learned a thing or two from him. Keaton’s homes have often been featured in Architectural Digest, and the actor is known for selling homes to fellow celebrities. Among them being Ryan Murphy, who purchased a Beverly Hills Spanish-Colonial revival from Keaton, and actor Christina Ricci, who purchased the Samuel-Novarro House, a Los Feliz landmark.

Rupert Grint

LONDON, ENGLAND – SEPTEMBER 28: Rupert Grint attends the “Snatch” TV show premiere at BT Tower on September 28, 2017 in London, England. (Photo by Jeff Spicer/Getty Images)

No longer just Harry Potter’s sidekick and best friend Ron Weasley, Rupert Grint is worth millions. The actor has a real estate portfolio worth over $30 million, which can be accredited to his three properties in Hitchin, Luton, and others around England. Following his beloved role in the “Harry Potter” films, the actor hadn’t had the same level of success in the industry, but he’s since developed a knack for purchasing properties in the U.K.

Parts of this story originally appeared on UpNest and was produced and distributed in partnership with Stacker Studio.

It’s no Hogwarts, but this Harry Potter actor’s real estate portfolio might be just as grand

It’s no Hogwarts, but this Harry Potter actor’s real estate portfolio might be just as grand

by Investment Property

(STACKER) — Famous actors seem to have it all—looks, wealth, talent, and prime real estate in beautiful locations around the world. Their homes feature every amenity and luxury. For some actors, though, real estate is about more than an enviable estate or mega-mansion, it is an investment that marries their love for home and their entrepreneurial spirit. These actors have taken their passion for prime properties and turned it into a serious side hustle.

Whether they flip or renovate, love commercial or residential, or own property in this country or another, these actors have made an enviable living outside of their given trade by investing in real estate—and they have the portfolios to prove it.

1 / 10ROBYN BECK // Getty Images

Leonardo DiCaprio

The Oscar-winning actor is also a real estate giant with a diversified portfolio. DiCaprio purchased his first home in the late ’90s in the Los Angeles suburb of Silver Lake for $769,500, which he went on to list in 2018 for $1.7 million. The decorated performer also owns properties in New York, California, and abroad in Belize. A landlord of sorts, DiCaprio’s rental, 432 Hermosa located in Palm Springs, is a mid-century modern home previously owned by singer and actress Dinah Shore, with daily rates starting at $3,750 per night with a two-night minimum. One of DiCaprio’s most ambitious real estate endeavors, Blackadore Caye, an island in Belize, was purchased with business partner Jeff Gram in 2005, and the actor plans to turn it into an eco-resort.

2 / 10Steve Jennings // Getty Images

Oprah Winfrey

The multi-talented actress and media mogul is also a real estate tycoon who owns several homes. Her main residence, located in Montecito, California, is worth more than $100 million and features several properties on 70 acres. In 2019, Winfrey purchased actor Jeff Bridges’ property, which neighbors her own in Montecito. She owns homes in Maui, Colorado, and Washington state. According to Celebrity Net Worth, Winfrey’s real estate holdings are worth an estimated $200 million.

3 / 10Aurelien Meunier // Getty Images

Arnold Schwarzenegger

The “Terminator” star made a bold real estate investment early on in his career when he purchased a multi-unit apartment building. Turning to real estate in the ’70s allowed Schwarzenegger to focus on his acting career and brought him his first million. The former governor of California still owns many of the commercial real estate properties that he purchased on Main Street in Santa Monica just after heavyweight real estate investor Albert Ehringer showed him the ropes. Today, he owns retail space, apartments, and office buildings. He has an estimated net worth of $400 million.https://4c13746be4ed1b25dacb2b6f746fab09.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

4 / 10Emma McIntyre // Getty Images

David Charvet

The actor had success in the ’90s with roles on “Baywatch” and “Melrose Place.” Charvet continued his acting career but became interested in real estate while having a home built in Malibu for his family. In 2007, Charvet co-founded Jones Builders Group, a Los Angeles-based, full-service developer and builder of luxury homes with business partner Nathan Jones. Charvet also purchased several investment properties. The company allowed him the opportunity to develop his own line of homes, known as Charvet Estates.

5 / 10James Devaney // Getty Images

Ellen DeGeneres

Actor, comedian, and talk show host Ellen DeGeneres flips luxury properties and has acquired quite the real estate portfolio. Some of her most profitable flips include a Montecito, California, an estate she purchased in 2017 for over $7 million and sold for $11 million dollars less than a year later, and a 2014 flip that brought in $15 million. She and her wife, Portia de Rossi, have bought, flipped, and sold more than 20 properties since 2003. DeGeneres’ first flip was a West Hollywood Spanish bungalow. “The first thing I did when I made money was buy a house,” DeGeneres told Architectural Digest. She often buys other celebs’ homes, as she did in 2011 when she purchased Brad Pitt’s Malibu home for $11 million and sold it a year later for a cool $1 million profit.

6 / 10James Devaney // Getty Images

Jennifer Aniston

In 2018, Jennifer Aniston told Architectural Digest, “If I wasn’t an actress, I’d want to be a designer.” The “Friends” star doesn’t just purchase properties, she leaves her own mark on each one. Her marital home with Brad Pitt in Beverly Hills was purchased for $13.1 million and sold for $28 million with multiple additions to the property, including a screening room, tennis court, and a guest house. Ohana, another one of her Beverly Hills properties, was sold for $36 million, netting the actor a small fortune. Its original purchase price was $13.5 million. Aniston also owns properties in New York City, though she did sell two Manhattan condos for a loss in 2012, proving that real estate definitely has its highs and lows.https://4c13746be4ed1b25dacb2b6f746fab09.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

7 / 10Amy Sussman// Getty Images

Brad Pitt

Brad Pitt and Angelina Jolie have owned several properties together, including a French chateau, a London estate, and a mansion in New Orleans. Pitt also invested in a Las Vegas casino with Rande Gerber (Cindy Crawford’s husband) and his pal and fellow actor, George Clooney. The project never came to fruition, but the trio managed to sell the 25-acre lot to Starwood Hotels and Resorts for $202 million after purchasing the land for $90 million. In 2016, Pitt was going to open a resort in the town of Zablace, Croatia. He planned to set up a planned community with a hotel, restaurant, and golf course that would be ecologically responsible, but things didn’t go as planned and the resort never came to fruition.

8 / 10Taylor Hill // Getty Images

Robert De Niro

Not only does Robert De Niro own residential properties in New York and London, but the accomplished actor has also invested in commercial properties as well. The industrious businessman is a co-owner of Nobu restaurant, which has locations in Dubai, Los Angeles, New York, Moscow, Monte Carlo, and London. Nobu is not De Niro’s only restaurant venture, as he also owns Tribeca Grill in New York City. De Niro is currently working on the Nobu Beach Inn on the small Caribbean island of Barbuda, which is expected to open in 2023 and feature one- to four-bedroom villas.

9 / 10Christopher Polk // Getty Images

Diane Keaton

Oscar-winning actress Diane Keaton has an acting career that spans many decades, but she’s also a serious real estate flipper who buys, renovates, and sells homes. Her father, a real estate broker and engineer, was also interested in home renovation, and she may have learned a thing or two from him. Keaton’s homes have often been featured in Architectural Digest, and the actor is known for selling homes to fellow celebrities. Among them being Ryan Murphy, who purchased a Beverly Hills Spanish-Colonial revival from Keaton, and actor Christina Ricci, who purchased the Samuel-Novarro House, a Los Feliz landmark.

10 / 10Michael Loccisano // Getty Images

Rupert Grint

No longer just Harry Potter’s sidekick and best friend Ron Weasley, Rupert Grint is worth millions. The actor has a real estate portfolio worth over $30 million, which can be accredited to his three properties in Hitchin, Luton, and others around England. Following his beloved role in the “Harry Potter” films, the actor hadn’t had the same level of success in the industry, but he’s since developed a knack for purchasing properties in the U.K. This story originally appeared on UpNest and was produced and distributed in partnership with Stacker Studio.

UpNest compiled a list of 10 actors with massive real estate portfolios using various news, entertainment, and real estate sites. Among them includes an Oscar-winning actor who rents his Palm Springs home for several thousand dollars a night to visitors wanting to experience a bit of glamour; a film star with commercial properties that include a well-known restaurant with several locations around the globe; and two actresses who have made a significant profit flipping several homes sold to fellow celebs.

Luxury Portfolio International Releases State of Luxury

Luxury Portfolio International Releases State of Luxury

by Luxury Real Estate

Number of Luxury Real Estate Sellers Increases Globally; Some Buyers Expressing FOMO (Strong Fear of Missing Out); Sustainability ‘Critically Important’ Among Affluent Buyers Worldwide

Latest Report Comprises Data from Top 1-5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} Bracket Surveyed Across 20 Countries, Representing an Affluent Population of Almost 32 Million Households

NEW YORK, Dec. 01, 2021 (GLOBE NEWSWIRE) — Luxury Portfolio International® (LPI), the world’s premier network of luxury residential real estate brokerages, is pleased to share the results of its 2022 State of Luxury Real Estate Report (SOLRE). The study comprises data from individuals in the top 1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} to 5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} income bracket across 20 countries, and touches on a broad range of topics crucial to the global luxury residential real estate market.

Most notably, the LPI report reveals a continuation of dominating home purchasing-related trends that began during Q3 2020 and continued throughout all of 2021, showing that demand for luxury real estate remains high; price increases expected to continue; supply remains lower than demand; time-on-the-market for luxury single-family homes often continues to “last just hours”; and sustainability is ‘Critically Important’ (66 percent) when considering future home purchases.

The study also shows an increase in the number of affluent sellers of residential real estate worldwide; that among luxury homes buyers, the majority (74 percent) shared strong feelings of a personal economic confidence and still 75 percent are significantly concerned that their discretionary spending power could be tested soon.

And while 2022 is expected to continue at a fast pace, there are signs that the luxury residential real estate market will be increasingly stabilizing, a crucial step to avoid complications for a long-term, super-heated market.

With 75 percent of luxury home buyers choosing their next home with environmental sustainability headlining a broad range of findings from a study of the world’s affluent households by Luxury Portfolio International® (LPI), 2021 ends as one of the most robust luxury residential real estate markets in history.

“After a record-breaking year in luxury real estate, we anticipate that some balance will be restored to the market,” said Mickey Alam Khan, President of LPI. “It is important to view the luxury market over a trajectory of several years, noting that half of 2020 was in paralysis due to the pandemic. The red-hot market that began in the latter part of 2020 continued into 2021 and will continue a positive trajectory into 2022. The difference will be that there will be more luxury sellers in 2022 than in 2021, and while there will be fewer actual luxury buyers, it is still a seller’s market. The pandemic madness that drove us to an over-heated market is being normalized. Demand will remain strong, and a healthy, new normal in luxury real estate will start to take hold in 2022.”

Sustainability, according to the study, is now a major differentiator in luxury homes, and buyers are willing to pay a premium to have features and amenities that better prepare them for the future. 75 percent of those surveyed noted choosing their next home with sustainability in mind, with an unprecedented 90 percent noting “yes” as to factoring sustainability in relation to a Next Chapter in Life home search. According to the study, a “Next Chapter in Life” home search pertains to those moving to be closer to family, because of their children’s education, a career move, and other mitigating factors.

People interested in sustainability as a major factor of their home purchase are 71 percent more likely to view the purchase as a legacy home that will be passed on to their heirs. Further, as interest in sustainability grows, the quality of the buyer improves for the benefit of the seller, in that this buyer wants to transact sooner and for a relatively higher budget.

FOMO, or Fear of Missing Out is the feeling of anxiety that an exciting or interesting event may currently be happening elsewhere, often aroused by posts seen on social media. With a year at home and headlines touting the hot market, FOMO has become a significant concern for 26 percent of luxury buyers. FOMO manifests in different ways, first as a true “missed the boat” moment where prices extend beyond reach. A second concern – equally impactful – is arranging finances for major purchases.

While COVID-19 remains a significant concern, the study revealed that the market has already accounted for much of its effects. This compared to last year when the top trend in luxury real estate was finding a home that would accommodate the family that works from home.

That said, according to the study, working from home, is wearing on a substantial percentage of luxury home buyers. The Study revealed that 27 percent of luxury buyers cited working from home as a ‘significant concern.’ Remote work and the associated frustration and stress of being home continues to play a significant role in the purchase decision process.

Buyers concerned about de-stressing their work-from-home environment noted diversions such as entertainment at home, night life nearby, and relaxation-inducing amenities like a spa/hot tub, a specialty cocktail scale, and specialty rooms for media and gaming.

Additional key findings from the research include:

  • Globally, the affluent class remains highly interested in purchasing residential real estate at any price, with a 33 percent increase year-over-year. There is no doubt that 2021 will end with a backlog of buyers, setting up 2022 as another strong year for luxury real estate.
  • Over 14 million affluent households remain interested in buying a residence, of which 6.4 million are in the luxury category. An additional 1.2 million luxury homeowners have found an interest in selling in the next 3 years, up 32 percent from last year. Record valuations no doubt play a key role in this decision.
  • Working together, these factors indicate global price stabilization and market normalization is in store for 2022 and beyond. What once appeared to be a wide chasm between the number of potential buyers and sellers (10.3MM buyers and 4.0MM sellers) is moving appropriately towards equilibrium (6.4MM buyers and 5.2MM sellers).
  • The global trend for residential real estate demand will continue to grow in 2022. The percentage of individuals in the market to purchase residential real estate by the end of 2022 increased from 19 percent in 2021 to 39 percent in 2022 in Europe, and from 30 percent in 2021 to 37 percent in 2022 in Asia/Pacific. 46 percent of those surveyed from the Middle East, specifically consumers from Saudi Arabia and the UAE have the greatest interest in acquiring residential real estate, as those individuals continue to diversify their holdings. North America shows modest growth from 21 percent in 2021 to 25 percent in 2022.
  • Luxury homeowners are coming around to selling. With new construction experiencing delays due to the challenges with goods and services, there is a consistent interest in existing homes. However, owners were not necessarily in the market to sell last year, and consequently the lack of inventory has been a significant price driver in most luxury markets. Now, it seems that luxury owners are convinced that the iron is hot and their interest in selling has increased by more than double (to 28 percent from 11 percent). In fact, 71 percent of owners believe their home value will increase this year, creating a strong incentive to sell. The average luxury homeowner expects an increase of approximately 4–5 percent compared to 3–4 percent last year.
  • Psychologically it remains a seller’s market. In practice, we can expect a more balanced ratio of buyers and sellers in the years to come. As affluent consumers participate in the residential market, luxury-residence seekers are down 58 percent in 2021 (from 34 percent to 20 percent of the total affluent), while conversely, in this delicate balancing act, the number of luxury sellers is on the rise by 26 percent (up to 16 percent from 13 percent of the total affluent).
  • While the flight to suburbia has been a major COVID headline, the research reveals that city-center luxury residential real estate is alive-and-well. Over half of luxury buyers worldwide (55 percent) expect to buy their next residence in a city and 77 percent will be within commuting range. Notably, Asia-Pacific luxury buyers are significantly more likely to buy in the city center than their global counterparts.
  • Single-family home popularity surges beyond North America. The research revealed that the popularity of single-family homes is growing on a global scale, with 40 percent of Europe/Middle East buyers and 29 percent of Asia-Pacific buyers seeking the luxury of additional space and privacy. Year on year, demand for this type of housing is increasing as, collectively, shared living spaces are becoming less attractive to the luxury buyer. North America remains the top driver for demand of this type of residence.
  • A new class of entry-level luxury buyer enters the market. Across the full spectrum of affluent consumers, there is greater interest in purchasing real estate under $1 million. This signals a resurgence of upper-middle class buyers who delayed in purchasing due to the pandemic, or who are now willing and able to acquire. Consequently, this is creating an increase in the number of entry-level luxury buyers, up to 44 percent from 39 percent in the USD 1-1.9 million range. This democratic luxury-for-the-many effect is most pronounced in North America and less so in Asia Pacific and Europe/Middle East, where the wealthy class tends to skew toward relatively small groups of people with very high concentrations of wealth.

For additional information, and access to the report, click here: State of Luxury Real Estate 2022.

ABOUT LUXURY PORTFOLIO INTERNATIONAL® (LPI)
Luxury Portfolio International (luxuryportfolio.com) is the leading network of the world’s premier luxury real estate brokerages and their top agents, offering unparalleled marketing and intelligence services across the globe. It is the luxury arm of Leading Real Estate Companies of the World® the global network of top independent real estate firms, with 550 companies and 150,000 sales associates in 70 countries. Last year, network members participated in over 1.3 million global transactions. LPI attracts a global audience of visitors from over 200 countries/territories every month and markets more than 50,000 luxury homes annually. Well Connected.™ 

Source: Luxury Portfolio International®

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Can This Home Improvement Giant Spruce Up Your Portfolio?

Can This Home Improvement Giant Spruce Up Your Portfolio?

by Home Improvement

In its fiscal second quarter, which finished Aug. 1, Dwelling Depot (NYSE:Hd) generated file income of $41.1 billion. Despite the fact that the share obtain was a lot lessen than the previous four quarters, it was continue to an 8.1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} calendar year-in excess of-12 months boost. The pandemic surge in property advancement paying continue to has legs. 

Household Depot has historically been a great inventory to personal, so you may possibly be wanting to know if the outperformance will proceed in the many years in advance. This industry chief reviews contemporary monetary benefits on Nov. 16, providing shareholders new facts to make a much more educated financial commitment final decision. 

This is what you need to know. 

Two home improvement contractors on a job site.

Image supply: Getty Illustrations or photos.

A significant slowdown 

For the just-concluded and quickly-to-be-described fiscal 2021 3rd quarter, Wall Avenue expects Home Depot to develop income of $34.6 billion. In contrast to Q3 2020, this is only a 3.3{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} rise. Earnings per share are forecast to arrive in at $3.35, or just a 5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} jump from the yr-ago period of time. Management has not been delivering fiscal direction because of the unpredictable character of the ongoing pandemic, so it is really hard to gauge what accurately they are wondering. 

But over the next few quarters, Home Depot will lap some outstanding advancement that it registered in prior-year periods, so I would not place far too a lot emphasis on the income deceleration anticipated in the approaching earnings report. The pandemic has brought on lumpiness in the numbers of all sorts of companies, so it’s ideal to concentration on the very long expression. 

What issues most 

Property Depot is a person of the greatest businesses about partly mainly because of its mission-significant standing with its most important prospects, pros. Representing 45{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of profits, these contractors commit a great deal a lot more cash than do-it-yourselfers. Property owners are ever more acquiring snug taking on bigger renovation jobs having said that, more than the earlier two quarters, professional development outpaced the Do it yourself phase, a reversal of what the firm skilled in 2020. 

Obtaining a sizable chunk of small business occur from these substantial-price customers is why Dwelling Depot maintains a 16.2{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} running margin and a stellar return on invested capital of 44.7{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}, both equally of which have sustainably been larger than Lowe’s, a competitor that has a considerably smaller pro small business. 

Residence Depot’s A single Supply Chain initiative, a five-12 months, $1.2 billion investment prepare released in 2017, will aid construct 150 domestic logistics amenities and carry same- or following-working day shipping to 90{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of the U.S. inhabitants some time in 2022. Add this to the company’s current footprint of 2,298 retailers and you have a robust distribution community that acts as Dwelling Depot’s competitive edge. Receiving the ideal provides, applications, and devices to customers just when they need them is paramount in this sector, and House Depot is second to none in this regard. 

Shareholders will want to fork out interest to updates management delivers next 7 days about the professional business and the source chain. These are critical motorists of the company’s achievements. If background is any indication, there is certainly actually nothing investors have to stress about. 

A portfolio fixer-upper 

I assume purchasing Residence Depot shares now is a good go. The price customers location on their households, regardless of whether money or emotional, has never ever been better, and this pattern is most likely to carry on considerably into the long run. The firm’s skill to cater to this essential have to have, many thanks to its operational excellence, is why it stands to keep benefiting. 

Placing some revenue in Home Depot stock will probably spruce up your portfolio. 

This posting signifies the impression of the writer, who may well disagree with the “official” advice posture of a Motley Idiot premium advisory services. We’re motley! Questioning an investing thesis — even one particular of our have — helps us all imagine critically about investing and make conclusions that enable us develop into smarter, happier, and richer.