DURHAM, N.C.– July 15, 2013– Bentall Kennedy, one of North America’s largest real estateadvisors, has recently acquired Alexan Garrett Farms in Durham, N.C., on behalf of SEDCO Capital. Alexan Garrett Farms is a 308-unit, Class A multi-family community.
The property’s environmentally friendly features and practices, including Energy Star appliances and recycling programs, reflect Bentall Kennedy and SEDCO Capital’s commitment to Responsible Property Investing. “This acquisition is an exciting addition to our client’s U.S. real estate portfolio,” said Ryan McDonough, AVP, Acquisitions of Bentall Kennedy U.S. “The property’s high-quality, functional and modern and efficient living and social space are well-suited to the needs of the growing young demographic in Durham.” The community is centrally located in Durham, a part of the larger Durham-Chapel Hill MSA, which is projected to continue to be one of the fastest-growing population centers in the U.S.
Residents at the property can easily access an abundance of shopping, dining, and entertainment options. The community is also conveniently situated between Duke University and the University of North Carolina.
For more information contact:
Ryan McDonough, AVP Acquisitions
Bentall Kennedy U.S.
About SEDCO Capital
SEDCO Capital is a leading investment management firm based in Jeddah, Saudi Arabia. SEDCO Capital has a strong track record of delivering superior returns and currently manages in excess of US$ 3 billion in a diversified spectrum of investments in real estate, equities and other businesses. For the past 14 years SEDCO Capital has held an extensive portfolio in global real estate, having invested in over 22 countries, by partnering with local asset managers. A hallmark of SEDCO's philosophy has been socially responsible investing because of their adherence to the principles of Shariah, which are very similar to ethical investing practices. In alliance with leading players like Bentall Kennedy, SEDCO has successfully achieved attractive returns through responsible investment practices in real estate.
For more information, visit www.sedcocapital.com
About Bentall Kennedy
Bentall Kennedy is one of North America’s largest real estate investment advisors and one of its foremost providers of real estate services. Bentall Kennedy serves the interests of more than 500 institutional clients across 140 million square feet of office, retail,, and residential assets totaling over $30 billion.
Bentall Kennedy has a 100 year track record of delivering superior returns and a reputation for integrity, innovation and creating value. Bentall Kennedy is a member of UN PRI and is a recognized global leader in Responsible Property Investing.
Bentall Kennedy is privately owned by senior management and two of North America’s largest institutional investors, British Columbia Investment Management Corporation (bcIMC) and the Public Employees’ Retirement System (CalPERS).
Bentall Kennedy includes Bentall Kennedy (Canada) Limited Partnership and Bentall Kennedy (U.S.) Limited Partnership.
For more information, visit www.bentallkennedy.com.