BMC INVESTMENTS CLOSES 2021 WITH $1.6B IN TRANSACTION VOLUME

BMC Investments ?(BMC), a Denver-based, vertically integrated real estate investment firm specializing in the acquisition and development of various property types, is closing the books on 2021, completing over $1.6B in transaction volume, marking it as one of the company's most successful years to date.

As 2021 came to a close, the ink was drying on three high-profile transactions for BMC Investments that capped off the company's incredibly busy and successful year: a recapitalization of one of BMC's workforce housing communities, Villas on 76th; the refinancing of the newly developed Clayton Members Club & Hotel; and the sale of Moxy Cherry Creek.

BMC partnered with DRA Advisors , a New York-based registered investment advisor specializing in real estate investment management services for institutional and private investors, to recapitalize Villas on 76th, a workforce housing apartment community located in Adams County, north of the Boulder turnpike. This recapitalization is BMC's fourth deal with DRA in 2021 and aligns with the company's larger strategic plan to partner with institutional equity groups in order to continue growing assets under management (AUM). BMC will implement an extensive interior and exterior renovation plan while continuing to operate the property long-term.

BMC also closed on a $37 million loan for refinancing the newly redeveloped Clayton Members Club & Hotel, a 63-key boutique hotel with seven bars and restaurants, meeting spaces, and a members' club, located in the heart of Cherry Creek North, Denver's most prestigious neighborhood.

Further, in December, BMC closed on the sale of the Moxy Cherry Creek hotel to RLJ Lodging Trust (NYSE: RLJ). The 170-room hotel, located at 240 Josephine Street, is the only high-end, limited-service hotel in core Cherry Creek North. Opened in November 2017, the hotel features 1,600 square feet of meeting space, a fitness center, the Moxy Bar and the Cherry Creek Beer Garden. Denver-based Sage Hospitality will take over management of the property.

"Since opening in 2017, Moxy has set a new standard for limited-service hotels not only in Cherry Creek, but throughout Denver." said Matt Joblon, CEO of BMC Investments. "We believe RLJ and Sage are the perfect partners to continue bringing the Moxy vision to its fruition, ensuring the hotel maintains its position as one of the top hotels in Denver, and is a consistently great asset for the Cherry Creek community."

Additionally, BMC had several other notable milestones with its projects in 2021, including the delivery of 240 St. Paul, its new 76,000-square-foot, six-story commercial building in Cherry Creek North; executing nearly $800M of recapitalizations for its multifamily properties with new institutional equity partners; and securing over $700M in development projects commencing in 2021 and 2022 for both its urban infill strategy and its new suburban attainable housing strategy.

The company also added four key individuals to its leadership team: Tiffany Stanley as Managing Director, Head of Property Management; Josh Mesner as Senior Vice President, Asset Management; Julian Felch as Vice President, Asset Management; and Nick Martin as Vice President, Corporate Finance & Accounting.

"With over $1.6B in transaction volume in 2021 and even more aggressive goals in 2022, it's imperative that we continue to add depth of experience to our leadership team," said Joblon. "With decades of combined experience, the addition of Tiffany, Julian, Josh and Nick will be invaluable as we pursue our growth plan of reaching $5B in assets under management over the next five years."

About BMC Investments

BMC Investments (“BMC”) is a highly disciplined, vertically integrated real estate investment firm generating industry-leading returns through acquisition, development, and management of various property types throughout the U.S. BMC focuses its investment strategy on creating long-term value in its assets and generating strong risk-adjusted returns. The company is able to outperform its peers by procuring attractive investments in its areas of focus; utilizing a measured and disciplined investment process with rigorous focus on risk management; leveraging best-in-class operating systems and processes; and attracting, retaining and developing great people. To learn more, visit?www.bmcinv.com .