Bellwether Enterprise Real Estate Capital LLC (BWE), the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. (Enterprise), announced in January that it acquired Bethesda-based, Phillips Realty Capital (Phillips).
Based in Bethesda, with offices in Alexandria, Charlottesville and Richmond, VA, Phillips has been a fixture in the Washington, D.C. real estate community for 85 years. Led by C. Stephen Shaw, Jr., now executive vice president, the team of experienced commercial real estate finance professionals will now be part of a national, privately-owned platform that will provide expanded financing solutions for its clients.
“Shaw and his team have deep roots in the D.C. region’s commercial real estate market and a strong culture like ours,” said DJ Effler, president of BWE. “The team is an ideal partner for BWE, and we are thrilled to have them join as our largest production office.”
Shaw and his team have historically originated over $1.5 billion in annual production, with total volume for 2021 expected to hit $1.9 billion thanks to a focus on multi-family lending and strong borrower relationships.
Shaw, who served as president and CEO of Phillips, has structured and originated over $10 billion in commercial real estate financing during his 40-plus-year career. In addition to his roles in investor relations, strategic development and structuring new business opportunities, Shaw serves on the board of directors for several companies.
“Our team has developed deep personal relationships with its debt and equity clients over the years,” said Shaw. “With direct access to Fannie, Freddie and FHA lending, as well as extensive life company, CMBS, bank and debt fund relationships, we look forward to using BWE’s national platform to share new opportunities with our client partners. Additionally, BWE has a proprietary bridge lending program that we are excited to offer to borrowers.”
John R. Sieber, executive vice president, Daniel S. Shiff, senior vice president, Joseph C. Tilley, director of financial operations, David C. Foulk, senior vice president, William Wrench, vice president, Mark Remington, senior vice president, Adam Bieber, senior vice president and Charles DuBose, senior vice president, are among the 20 employees who will also join the BWE team.
From Phillips Realty Capital:
“We are pleased to share exciting news that today BWE (Bellwether Enterprise) announced their acquisition of Phillips Realty Capital. BWE is a national, full-service commercial and multifamily mortgage banking company with 30 production offices across the country and an integrated servicing platform based in Cleveland. It is employee-owned and a subsidiary of Enterprise Community Investment, a national nonprofit investing in, creating and preserving affordable homes in diverse communities across the country.
Continuity and culture are as important to BWE as they are to us. We want you to know that we are the same people, with the same approach, now part of something bigger.”
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17th Annual Kensington Day of the Book Festival
Now in its 17th year, the Kensington Day of the Book Festival is a family-friendly street festival featuring 150+ renowned authors, poets, and literary organizations. Enjoy live music on five stages, special guest speakers, military veteran writers and comedians, poetry readings, cookbook demos, children's program, and much more.
Admission is free, and attendees will also be able to explore a marketplace of books and food offerings from local vendors.
Not your average book festival! This festival offers something for everyone!
17th Annual Kensington Day of the Book Festival
Sunday, April 21, 2024, 11am-4pm (held rain or shine!)
Howard Avenue, Kensington, MD 20895
www.dayofthebook.com
Instagram: @kensingtonbookfestival
Contact: Elisenda Sola-Sole, Festival Director
301-949-9416 (text preferred)
FEST OF SPRING Caribbean Wine Food & Music Festival
Get ready to experience the vibrant colors, tantalizing flavors, and infectious rhythms of the Caribbean at the FEST OF SPRING Caribbean Wine Food & Music Festival! Hosted by RHU LLC, this exciting festival is set to take place on May 18, 2024, at the picturesque 16700 Barnesville Rd in Boyds, MD.
Step into a world where the Caribbean spirit comes alive! From 12:00 PM onwards, immerse yourself in a sensory journey that celebrates the unique culture, cuisine, and music of the Caribbean. Whether you're an African American, a Reggae or Soca music enthusiast, a wine lover, or part of the vibrant Caribbean diaspora, this festival promises to delight and captivate you in every way.
Let the enticing aromas of mouthwatering Caribbean dishes tantalize your taste buds. Feast on traditional delicacies prepared by expert chefs, showcasing the rich and diverse culinary heritage of the Caribbean. Indulge in flavorful jerk chicken, succulent seafood, and delectable plantain dishes that will transport you straight to the islands.
Accompanying the culinary extravaganza is a carefully curated selection of premium wines, ensuring the perfect pairing for your palate. Sip on fine wines from renowned vineyards, each sip a reflection of the Caribbean's vibrant spirit. Discover new flavors, expand your wine knowledge, and savor unforgettable moments with every glass.
As the sun sets, get ready to groove to the infectious rhythms of Caribbean music. Feel the pulsating beats of reggae, soca, dancehall, and calypso, moving your body to the lively melodies. Live performances by talented musicians and performers will keep the energy high, ensuring a night of unforgettable entertainment.
Don't miss this opportunity to embrace the Caribbean spirit and celebrate the arrival of spring in style! Tickets are available on AllEvents, so secure your spot today. Join us at the FEST OF SPRING Caribbean Wine Food & Music Festival, where cultures collide and unforgettable memories are made.
LIVE PERFORMANCES By: CULTURE Feat. Kenyatta Hill, EXCO LEVI, IMAGE BAND, RAS LIDJ REGG'GO with Special Guest SUGAR BEAR FROM E.U. & MORE! & MORE!
MUSIC By: DJ ABLAZE, DJ SMALLY & NAJ SUPREME
2 NIGHT Camping packages available: RV/CAMPER $200 | TENTS $150 Starting on Friday May 17 @ 5pm | 30 RV SPACES | 30+ TENT SPACES
KIDS 12 & UNDER FREE!!!
