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| Company type | Private |
|---|---|
| Industry | Real Estate |
| Founded | 1999 |
| Headquarters | Dallas, Texas, USA |
Area served | United States |
Key people | Bharat Sangani, M.D., Chairman Patrick J. Barber, President & CEO Mahesh Shetty, Chief Financial Officer & Chief Operating Officer Alan Murray, General Counsel |
| Products | Development and Investment, Acquisitions, Brokerage, Capital Markets, Emerging Markets, Hotels, Retail Centers, Multifamily Communities, Office Buildings, Investment Management Healthcare, Project Management, |
Number of employees | Approximately 600
Encore Enterprises, Inc. (25 March 2012). "Encore Enterprises, Inc. About Us". |
| Website | http://www.encore.bz/ |
Encore Enterprises, Inc. is a diversified commercial real estate firm headquartered in Dallas, Texas formed in 1999 with a unique blend of expertise, innovation and efficiency in development, acquisition, and property management activities. Since the company's formation, Encore has completed over $1.23 billion in total transactions in the hospitality, retail, multifamily and property management reservation sectors. The company has approximately 600 employees serving primary throughout the Southeastern region of the United States. Encore offers strategic advice for commercial real estate development and acquisitions, as well as complete project management services for investors and joint-venture partners.
Encore's recent accolades and milestones include beginning construction in Denver, Colorado on the company's newest multifamily community, Encore Highpointe Park. [1] and as well as Sterling Resorts, Encore's beach resort vacation management company receiving the prestigious Flagler Award for 2011[2];
History
editEncore Enterprises, Inc. was born in 1999 as a diversified commercial real estate firm founded on the belief that by staying ahead of the market curve, the company maximizes opportunities to identify unique real estate investments. The company develops and redevelops mixed-use complexes, limited and full-service hotels, multifamily, retail projects and office buildings. In addition, Encore manages hotel and luxury vacation condominium resort properties in addition to homeowner associations. With remarkable success in its first decade, Encore’s mission is to preserve investor capital, while providing superior risk-adjusted returns. Encore’s unwavering commitment to disciplined underwriting and investment strategies enable the company to capitalize on existing market dynamics for maximizing performance. Therefore, Encore is resilient to trends across market segments and well positioned to deliver ultimate value to the organization and investors.
Originally headquartered in Gulfport, Mississippi, Encore was founded by Dr. Bharat Sangani, and Patrick J. Barber to bring multiple companies under one umbrella name along the Gulf Coast. In 2006, Hurricane Katrina crippled the Gulf Coast area along Louisiana, Mississippi, Alabama, and Florida. After the storm, Encore was one of the first companies back up and running operations for the companies then portfolio of 40 hotels and retail centers. Later in 2006, Encore began to relocate its headquarters to Dallas, Texas where the company resides today in the Occidential Petroleum building. Encore still maintains a regional headquarters in Gulfport, Mississippi for Encore Construction Group, LLC and Encore Retail, LLC.
In 2007, Encore Enterprises, Inc. realized the U.S. real estate market was highly over-leveraged and overpriced. As a result, Encore sold the majority of its real estate portfolio to institutional buyers in order to protect investment capital and potential profits.
Looking ahead, the corporation is advantageously positioned to patiently wait out the severe real estate downturn that began in 2008. During this time, firm created Encore Retail, LLC and Encore Multi-Family, LLC to diversify operations into multiple asset classes providing the company and investors with greater stability against geography and market cycles. Because of its timing in the last economic cycle, Encore isn’t burdened with the distractions other competitors in the real estate industry face, which consume valuable time and resources. Rather, Encore’s methodical approach and strategy is to evaluate and select real estate investment opportunities with extraordinary profit potential. As of 2012, Encore has completed over 82 transactions totaling $1.2 billion with over $200 million in new acquisitions and developments during 2010 and 2011.
Over the past decade, Encore Enterprises, Inc. has evolved from an entrepreneurial firm with visionary leadership to a professionally managed real estate enterprise with institutional aspirations. The company has shed non-institutional assets, acquired a portfolio and management company, and invested in professional management and technology. With an eye toward significant growth, Encore’s objective is to perform stabilized and value-added acquisitions and select ground-up development over the next 24 to 36 months in hotel, retail, multifamily housing and office projects.
Services
editEncore's comprehensive, fully integrated platform specializes in hospitality, retail center, multifamily community and office developments and acquisitions. Each of Encore's real estate divisions provide the expertise needed to complete development and acquisition projects focused on the parameters set by our investors. Encore provides hands on management of each investment to ensure consistency of returns across sectors and markets. Encore has created strategic partnerships with property management companies including Greystar Property Management for the company's multifamily communities, and Jones Lang La Salle for Encore's office projects allowing Encore to focus on back-office processes and developing new projects while the property management team focuses on the day-to-day front-office processes maximizing efficency and returns to investors.
Corporate responsibility
editEncore has built success on the entrepreneurial culture, seasoned management team, innovative technology solutions and ability to make decisions based on fundamental values combined with conventional wisdom and industry proven experience. This insight has guided the company to buy and sell properties in times and markets that appear less than ideal, but are actually beneficial to the company's investors. Encore also co-invests in every development or acquisition made by the firm ensuring Encore's goals stay aligned with the parameters set forth by each institution or investor group.
See also
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Category:Real estate companies of the United States
Category:Companies based in Dallas
Category:Companies established in 1999
Category:Real estate brokers
Category:Property services companies of the United States