Nexgen Property Management
Nexgen Property Management – Our Cubix™ Apartments brand represents innovation and efficiency: no compromises for budget and footprint. NexGen Builders, our development subsidiary, designs and develops our portfolio for the long term. Our affiliate, NexGen Properties, manages the leasing of our entire property.
Daniel has been active in the commercial real estate scene in Seattle for twenty-five years. For the first fifteen years, he focused on value-adding opportunities in various types of real estate products. For the past ten years, Daniel’s focus has been on acquiring, acquiring and developing multifamily properties in the Seattle area. To achieve this goal, he created the Cubix™ affordable brand of affordable micro-apartments.
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She graduated from Gonzaga University with a Bachelor of Arts degree in Public Relations and Communications, where she is currently on the Registrar’s Board. He lives in Seattle with his wife and two children.
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Mehul oversees all financial functions, including budgeting, analysis and capital markets activities. Prior to NexGen, Mr. Vora spent twenty years in investment banking, venture capital and institutional investment management for two Fortune 100 companies, among others.
He holds two master’s degrees from the University of Virginia, an MBA from the Darden School of Business, and a degree from MSMIT from the McIntyre School. He holds a BS in Finance from the Wharton School of the University of Pennsylvania, and he also completed the BSE requirements in Computer Science. Mehul commutes between Seattle, WA and Arlington, WA, where he lives with his wife and two children.
Seth oversees the day-to-day operations for the company. Prior to NexGen, Seth was a managing partner at several private equity partnerships, a project manager at Allstate and a director at an automotive startup. Seth has deep experience in technology infrastructure, startups, business development, Agile, Lean, and operations management.
He received an MBA from the Drucker School of Management at Claremont Graduate University and a BA in Radio/Television/Film from California State University, Northridge. Seth lives in South Lake Tahoe with his wife. Seattle, WA (January 22, 2019) – CBRE Capital Markets’ Debt and Structured Finance teams secured long-term financing for Cubix North Apartments, a new apartment development with 108 residential units and 3,380 square feet (sq m) of commercial space.
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Jeff Henderson of CBRE’s Seattle office represented Daniel Stone at 1008 Apartments, LLC, a borrower in the development who wanted to close on a fixed rate loan as soon as construction was completed. The $13 million loan is scheduled for 10 years.
“Building the first modular micro-apartment project west of the Mississippi has been an exciting and unique opportunity,” said Stoner, NexGen Housing Partners. “Jeff and CBRE have found the right lender and are excited to be involved in this back-to-back project; We couldn’t be happier with the results. “
“The borrower is a pioneer in creating thoughtful, innovative solutions to provide affordable housing to our community while maintaining high-quality, functional units,” said Jeff Henderson of CBRE’s debt and structured finance team. “We are very grateful to have confidence in CBRE’s ability to create the best financing package for this unique target.”
Completed in January 2019, Cubix North is a four-story, modular, micro-apartment building in North Seattle. 1008 N. Located on 109th Street, this property is conveniently located off the 99 Freeway, providing quick and private transportation to Downtown Seattle, Northgate Mall, Green Lake, North Seattle College and more. The building features a rooftop deck with barbecue and city views, lockers, bike storage, smart phone laundry on site, two smart cars for renters’ exclusive use, and free shuttle bus passes. Unit amenities include natural lighting, microwave, premium appliances, two stoves and refrigerator.
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North Seattle has traditionally been a low-rent area; however, the rapid growth of Seattle’s inner-city neighborhoods has pushed middle-income renters into prime parts of the city. The area has historically experienced low vacancy, and Axiometrics projects that will remain stable through 2022.
NexGen Housing Partners is a real estate development and management company with a mission to provide affordable housing to Seattle’s workforce. With more than 20 years of experience, Parkston develops, owns, leases and manages commercial and multifamily projects throughout the Pacific Northwest.
CBRE Group, Inc. The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers from approximately 450 offices (excluding affiliates) worldwide. CBRE offers a wide range of integrated services, including facilities, transaction and project management. property management; investment management; assessment and evaluation; property leasing; strategic consulting; sale of property; mortgage services and development services. Please visit our website at www.cbre.com.
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