The principals of Fifth Corner were the top three executives of AmREIT, Inc. (Kerr Taylor, Founder and CEO; Chad Braun, CFO and COO; Tenel Tayar, CIO) and were individually and collectively responsible for setting and executing AmREIT’s strategy, resulting in the following track record. AmREIT was a New York Stock Exchange publicly traded Real Estate Investment Trust (NYSE:AMRE).
AMRE Share Price from IPO to Sale
“The AmREIT portfolio is the highest quality shopping center portfolio across the REIT universe”,
Ki Bin Kim, SunTrust Robinson Humphrey
Source: SunTrust Robinson Humphrey REITs Retail Sector Initiation, July 2013
Over 80-years of collective real estate experience results in a disciplined investment approach through multiple cycles.
AMRE was able to grow net operating income 45% better than its peers
Renewal rental rates grew 79% better than its peers
Irreplaceable Corner™ real estate fundamentals lead to best of class operating results.
Good things happen on great real estate!
The AmREIT relationship has been an excellent partnership. The team has in-depth local market knowledge due to their breadth of knowledge of assets in the Texas region. AmREIT takes a proactive approach to management. They have been successful in identifying creative leasing solutions and in repositioning retail to add value to the underlying real estate.
Adria Savarese – Executive Director, JP Morgan Asset Management
AmREIT delivered on the redevelopment, management and leasing of our shopping center, turning an under-leased asset into the first class core asset it is today. Our JV with AmREIT was a very positive experience and we look forward to future opportunities to work together.
John Miller – Director, AEW Capital Management