Encore Enterprises
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| Company type | Privately held company |
|---|---|
| Industry | Real estate |
| Founded | 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 | encore |
Encore Enterprises, Inc. is a company that invests in real estate, including hotels, office buildings, and shopping centers in the United States of America.[citation needed]
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.[1]
In June 2009, the company closed a $150 million opportunity fund.[2]
In September 2010, the company formed a partnership with Sage Hospitality.[3][4]
In January 2014, the company sold a 220-unit apartment complex in Colorado for $40.75 million.[5]
In July 2014, the company announced plans to develop 3,100 home lots in North Texas.[6]
In July 2014, the company acquired Two Forest Plaza, a 196,215 square foot office building in Dallas.[7][8]
In February 2015, the company acquired hotels in McAllen, Texas and Tampa, Florida.[9]
In August 2015, the company acquired a retail site in Bedford, New Hampshire.[10]
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.[11][12][13]
In January 2016, the company acquired a hotel in New Orleans.[14]
In February 2016, the company acquired a property in San Antonio.[15]
In June 2017, Encore launches Encore Properties Ltd., a public bond company.[16]
References
- ^ "Encore Enterprises Forms New Retail Division". Business Wire, Inc. 20 December 2006. Retrieved 16 April 2020.
- ^ "Encore Enterprises, Inc. Announces $150 Million Opportunity Fund" (Press release). Business Wire. June 22, 2009.
- ^ "Encore Hospitality Announces Joint Venture with Sage Hospitality to Acquire and Manage Premium Branded Hotel Assets" (Press release). Business Wire. September 15, 2010.
- ^ Sealover, Ed (September 15, 2010). "Sage Hospitality teams with Dallas hotel owner". American City Business Journals.
- ^ "Colorado business briefs, 1/7". The Denver Post. January 7, 2014.
- ^ Carlisle, Candace (July 29, 2014). "Encore Land plans to develop 3,100 home lots in DFW". American City Business Journals.
- ^ "Encore Buys Two Forest Plaza". Bisnow Media. July 9, 2014.
- ^ PEREZ, CHRISTINE (July 9, 2014). "Parmenter Realty Sells Two Forest to Encore Enterprises Inc". D Magazine.
- ^ "Encore Hospitality, LLC Buys Two Hotels in McAllen, Texas and Tampa, Florida" (Press release). PR Newswire. February 26, 2015.
- ^ Meredith, Catherine (August 17, 2015). "Sale means the end for Bedford Macy's". New Hampshire Business Review.
- ^ Brown, Steve (December 11, 2017). "Developers finish $9 million redo of familiar Dallas North Tollway tower". The Dallas Morning News.
- ^ Carlisle, Candace (January 29, 2016). "Occidental Tower sells for about $95M to joint venture". American City Business Journals.
- ^ Meredith, Catherine (February 1, 2016). "Occidental's LBJ Tower Sells For $95M". Bisnow Media.
- ^ "Encore Hospitality buys former Queen & Crescent Hotel in NOLA". Sun Herald. January 8, 2016.
- ^ Burke, Katie (February 24, 2016). "Dallas-based Encore Enterprises snaps up former Univision radio station in downtown SA". American City Business Journals.
- ^ Dunaway, Amy (September 4, 2017). "Management of Encore Properties Opened Trading this Morning on the Occasion of its TASE Bonds Listing". Encore Enterprises.