Encore Enterprises
 | |
| Company type | Privately held company |
|---|---|
| Industry | Real estate |
| Founded | 1999 |
| Founder | Dr. Bharat Sangani |
| Headquarters | 6900 Dallas Pkwy, Third floor Plano, Texas |
Key people | Dr. Bharat Sangani, C.E.O., Chairman Yatin Gandhi, C.F.O. |
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.Encore operates out of its headquarters located in the Dallas-Fort Worth Metroplex.
History
[edit]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][2]
After coming to America, Dr. Bharat Sangani discovered his knack for real estate. Though he was cardiologist by profession, he decided to open a side real estate business.[3]
In 2022, AmCap, in a joint venture with Encore Enterprises, has acquired Liberty Square, a 107,431-square-foot, grocery-anchored retail center in the Wauconda suburb of Chicago. According to Lake County public records, the buyer paid $18.7 million for the property, financing the purchase with an $11.5 million loan from American United Life Insurance Co., due to mature in 2028.Liberty Square is AmCap’s second acquisition in partnership with Encore Enterprises.[4] 1999-Encore was founded.
2001-Acquisition of Pineapple Management.
2003-Initiated hospitality acquisition program.
2005-Successful disaster recovery following Hurricane Katrina.
2007-Encore sells its hospitality portfolio for $393 million.
2008-Commenced multi family development pipeline.
2014-$135 million joint venture with Och-Ziff Real Estate.
2015-Sells Sterling Resorts for $9.25 million.
2017-Launches Encore Properties Ltd.,a public bond company.[5]
References
[edit]- ^ "Encore Enterprises Forms New Retail Division". Business Wire, Inc. 20 December 2006. Retrieved 16 April 2020.
- ^ Upton, Amy. "Management Team | Encore Enterprises - Commercial Real Estate". Encore Enterprises. Retrieved 2023-07-30.
- ^ "Encore Enterprises' Dr. Bharat Sangani On Rebuilding and Making His Father Proud". D Magazine. 2021-12-28. Retrieved 2023-07-30.
- ^ Toma, Raluca (2022-10-24). "AmCap Grows Chicago Retail Footprint". Commercial Property Executive. Retrieved 2023-07-30.
- ^ "Commercial Real Estate Investment Company Dallas, Texas". Encore Enterprises. Retrieved 2023-07-30.