Encore Enterprises

Encore Enterprises, Inc.
Privately held company
Industry Real Estate
Founded 1999 (1999)
Headquarters Dallas, Texas
Key people
 Bharat Sangani, M.D., Chairman
Patrick J. Barber, President & CEO
Charles Omage, General Counsel
Number of employees
 1,000
Website www.encore.bz

Encore Enterprises, Inc. is a company that invests in real estate, including hotels, office buildings, and shopping centers in the United States of America.

History

Encore was founded in 1999 by Dr. Bharat Sangani, and Patrick J. Barber to bring multiple real estate entities created by Dr. Sangani under one umbrella holding company.

In June 2009, the company closed a $150 million opportunity fund.[1]

In September 2010, the company formed a partnership with Sage Hospitality.[2][3]

In January 2014, the company sold a 220-unit apartment complex in Colorado for $40.75 million.[4]

In March 2014, the company acquired 10 acres in San Antonio, Texas.[5]

In July 2014, the company acquired Two Forest Plaza, a 196,215 square foot office building in Dallas.[6][7]

In February 2015, the company acquired hotels in McAllen, Texas and Tampa, Florida.[8]

In August 2015, the company acquired a retail site in Bedford, New Hampshire.[9]

In January 2016, the company partnered with New York Life Insurance Company to purchase Pinnacle Tower, a 24-story, 540,000 square foot office building in Dallas, for $95 million.[10][11][12]

In January 2016, the company acquired a hotel in New Orleans.[13]

In February 2016, the company acquired a property in San Antonio.[14]

References

  1. ↑ "Encore Enterprises, Inc. Announces $150 Million Opportunity Fund" (Press release). Business Wire. June 22, 2009.
  2. ↑ "Encore Hospitality Announces Joint Venture with Sage Hospitality to Acquire and Manage Premium Branded Hotel Assets" (Press release). Business Wire. September 15, 2010.
  3. ↑ Sealover, Ed (September 15, 2010). "Sage Hospitality teams with Dallas hotel owner". American City Business Journals.
  4. ↑ Spragg, David (January 7, 2014). "Encore Highpointe Park Trades for $41 Million". CoStar Group.
  5. ↑ Allen, Shalene (March 21, 2014). "Encore Enterprises Buys 10 Acres in San Antonio". CoStar Group.
  6. ↑ Meyers, Bryce (July 8, 2014). "Encore Enterprises Acquires East LBJ Office Building in Dallas". CoStar Group.
  7. ↑ PEREZ, CHRISTINE (July 9, 2014). "Parmenter Realty Sells Two Forest to Encore Enterprises Inc". D Magazine.
  8. ↑ "Encore Hospitality, LLC Buys Two Hotels in McAllen, Texas and Tampa, Florida" (Press release). PRNewswire. February 26, 2015.
  9. ↑ Meredith, Catherine (August 17, 2015). "Sale means the end for Bedford Macy's". New Hampshire Business Review.
  10. ↑ Knight, Tessia (February 10, 2016). "New York Life Real Estate Investors, Encore Enterprises Close On Occidental Tower". CoStar Group.
  11. ↑ Carlisle, Candace (January 29, 2016). "Occidental Tower sells for about $95M to joint venture". American City Business Journals.
  12. ↑ Meredith, Catherine (February 1, 2016). "Occidental's LBJ Tower Sells For $95M". Bisnow Media.
  13. ↑ "Encore Hospitality buys former Queen & Crescent Hotel in NOLA". Sun Herald. January 8, 2016.
  14. ↑ Burke, Katie (February 24, 2016). "Dallas-based Encore Enterprises snaps up former Univision radio station in downtown SA". American City Business Journals.
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