Participates in implementation of and ongoing utilization of Yardi.Reviews monthly budget variance reports and reconciles outstanding debits and credits Our business involves the marketing, procurement, manufacture, assembly and maintenance services of distribution transformers, mini-substations and associated switchgear as well as Transformer Oil Regeneration.Assists leadership in the preparation of annual budgets by investigating managed portfolios prior year expenses and recommends spending in current and future budgets.You will be responsible for providing excellent customer service to our external clients, along with assisting the internal Real Estate team with day-to-day inquiries and requests. Transformco is a privately held company with five core businesses: A real estate portfolio of 59.8 million square feet Sears Home Services, the nation’s largest product repair provider the Shop Your Way® loyalty and credit program Transform Brands, home of Kenmore and DieHard and Sears and Kmart full-line stores, specialty stores and online operations.As a Commercial Property Administrator you will work closely with the Facilities, Lease Administration, Accounting, Leasing and Legal teams to ensure our assets operate smoothly and in a first class manner. The leases are for the following Kmart store locations: The founder of software firm Stripe, 32, promised to make. “Transformco continues to pursue opportunities to create value from its real estate portfolio and to partner with retailers, property owners and communities as part of the ongoing reinvention of retail real estate,” said Scott Carr, president of Transformco Properties. TECH billionaire John Collison plans to spend £5million doing up a derelict property he bought off a council for just £350,000. The proceeds from these sales will enable Transformco to invest in its go-forward businesses. 15, 2021) – Transformco Properties has completed the sale/assignment of five Kmart store leases to Target Corporation. ![]() For more information, please visit: TRANSFORMCO COMPLETES SALE OF FIVE KMART STORE LEASES Throughout its history, Brean Capital has established a track record of providing its clients with deep market knowledge, commitment and experience to ensure a successful transaction. For more than 40 years, the Firm has specialized in providing capital raising, M&A and financial advisory services to middle market businesses. Transformco is a privately held company with five core businesses: A real estate portfolio of 51.4 million square feet Sears Home Services, the nation’s largest appliance repair provider the Shop Your Way® loyalty and credit card program Transform Brands, home of Kenmore and a licensee of DieHard and Sears and Kmart full-line stores, specialty stores and online operations.īrean Capital’s Investment Banking Group is dedicated to helping its clients achieve their strategic and financial goals. “This unique transaction is another example of our progress in successfully monetizing the value of our real estate portfolio,” said Scott Carr, President of Real Estate at Transformco.īrean Capital, LLC served as the Company’s Exclusive Financial Advisor and Placement Agent in connection with the transaction. Proceeds from the transaction will be utilized to provide growth capital for the repositioning and releasing of the Company’s portfolio of leased real estate assets. The Notes were rated investment grade by a nationally recognized statistical ratings organization. NEW YORK, NY – Brean Capital, LLC, a full-service investment banking firm specializing in institutional capital raising and advisory services, announced the closing of a $75,000,000 offering of Senior Secured Notes by Transform Lease Opco LLC (the “Company”), a newly formed operating subsidiary of Transform Holdco LLC, the parent entity and owner of the former assets of Sears and Kmart.
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