We recently closed a loan for MFCP on an acquisition of a high-end retail center in Columbus, Ohio. In this uncertain economic climate, the CMBS capital markets were very volatile as closing neared.
MFCP was patient and very professional during the process and were able to react very quickly, which solidified the closing even with the volatile climate.
We are pleased to have been involved with MFCP and look forward to assisting them in the future on new business.
“Mr. Morris is an experienced real estate developer with outstanding character. You can trust him with your project and your checkbook.”
“It is with great privilege that I write a recommendation about Bill Morris. Bill Morris has been a client & friend of mine for several years now. His knowledge of the real estate market makes him one of the best. He is a very dedicated, persistent individual that pays close attention to detail. He is easy to work with and will provide information you need in a timely manner. I would highly recommend Bill Morris for any of your real estate or development needs.”
“Bill hired me to help him start the investments group at Trademark Property Company in March of 2007. During that time we underwrote and closed nearly $200 million of real estate including the acquisition and redevelopment of La Palmera mall in Corpus Christi, Texas. While this was a very complicated project, Bill was patient and always took the time to mentor each step of the way. Bill has a unique ability to see value that others overlook and the persistence to achieve it.”
“I had the pleasure of working with Bill for a number of years. He is highly skilled and ethical in all he does. Bill is a strategic thinker and seeks to arrive at a win win solution for all parties involved.”
“I’ve worked with Bill on several transactions and can recommend him with full confidence. Although buyers and sellers don’t always agree, which was the case in one of the transactions we closed, Bill was professional in addressing those differences and it was his preparedness and presentation which allowed us to overcome the hurdle and successfully consummate the transaction. He is a proven closer.”
“Recently, Morris Capital Partners purchased a retail center which I developed several years ago.
My dealings with Morris exceeded my expectations. Their straight forward approach was refreshing, especially in the current economic climate. Even though the capital markets were extremely volatile as closing drew near, except for a one week extension, Morris delivered as promised without any retrading.
I wish Morris Capital Partners well and I look forward to future business dealings with Bill Morris.”
On November 12 a sale was closed on Bradford Plaza, a 94,520 square foot power center, shadow-anchored by a grocery store, to Bradford Plaza Capital Venture, LLC, a Texas limited liability company, whose manager is Bill Morris of Morris Capital Partners.
The court-appointed receiver and Midland, as Special Servicer for the noteholder, received and reviewed multiple bids for this property. While the price was certainly a defining element, Morris’ offer was selected based also on their knowledge of the property, consistent reliability during the bidding process, and reputation of following through on promises to perform as agreed.
Although this was an unusual closing with a few complex twists regarding the delivery of clear title, Morris did not disappoint the sellers. In the end, Morris closed at the earliest possible closing date, at the contract price and with no last-minute attempts to renegotiate the deal.
Midland will certainly consider future offers from Bill Morris.
“In my current position as a Senior Vice President representing an Institutional investor I had the opportunity to team with Bill Morris on the acquisition and redevelopment of La Palmera Mall in Corpus Christi, Texas. La Palmera Mall is a one million square foot center with three Department Stores. This was a very complex transaction that required negotiating new anchor agreements, public subsidies, joint venture agreements and loan modifications.
From the onset Bill created an environment of cooperation for all stakeholders. This approach led to enhanced productivity and a positive atmosphere throughout the duration of a very successful project.
Bill possesses the ability to see the vision for a property and the skill set required to lead during implementation and execution to ensure the realization of the vision.”
I found Bill to be off the highest integrity and thoroughly enjoyed our relationship on a complex project. He listened and strove to help all the stakeholders meet their expectations for the investment. La Palmera is performing very well and has been a success for all involved.
I would certainty work with Bill again in the future.
“It is impossible to put into words the obstacles and undercurrents of Corpus Christi politics that Trademark and the Smith/Bevly partnership had to overcome to make the redevelopment project happen. Had it not been for Bill Morris leading the way for Trademark Properties, the deal would have never been done. Numerous times during the negotiations, many members of Trademark were ready to give up and some had; but Bill Morris never gave up. His tenacity, honesty and perseverance enabled this redevelopment project to come to fruition. Without him, I don’t believe we would be where we are today.
The Smith/Bevly families were able to save their investment and see it rise to the next level thanks to Trademark’s supervision. We will be forever indebted to Bill Morris for his efforts under very trying circumstances and seemingly insurmountable odds. Bill gave his word that he would do his best to get the deal done and he did. It has been a win-win for all of us.”