DOCSLIB.ORG

A History of Record-Setting Value Creation

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
A History of Record-Setting Value Creation A HISTORY OF RECORD-SETTING VALUE CREATION STARWOOD CAPITAL GROUP A OUR FIRM Starwood Capital Group is a 26-year-old private investment firm with: n A primary focus on global real estate. n Assets under management of approximately $56 billion. n More than 3,600 employees in 11 offices worldwide, and over 9,000 additional employees involved with multiple portfolio operating companies. The Firm’s disposition program maximizes the value of assets by: n Focusing on fast-growing markets that are well-positioned to attract strong capital flows. n Buying or developing properties that the Firm believes will be highly desirable to investors. n Creating the optimal capital structure with the most advantageous financing terms. n Implementing unique value-add asset management strategies for each investment. n Combining design expertise and knowledge of customer needs to create environments that are special—thus producing real estate that is more valuable than the replacement cost of the individual bricks and mortar, and driving customers to pay more for our assets than for competing product in the market. n Designing the optimal profile for each asset to appeal to the broadest possible universe of investors and most active buyers in a particular market. n Identifying the ideal timing for the sale of an asset within a market. The success of Starwood Capital’s approach is underscored by the 13 record-setting asset sales the Firm has achieved in 11 different cities since 2010. HÔTEL DE CRILLON, PARIS ON THE COVER: BACCARAT HOTEL & RESIDENCES NEW YORK. B STARWOOD CAPITAL GROUP STARWOOD CAPITAL GROUP 3 OUR APPROACH WALKER TOWER LIVING ROOM Starwood Capital’s opportunistic real estate program is distinguished by the Firm’s continuous ability to develop creative strategies to add value throughout the investment process—enabling the most advantageous exit. This approach begins at the macro level. The investment track record of designing exit strategies that can deliver team continually seeks to get ahead of capital flows maximum asset value. Starwood Capital maintains the in markets where strong economic, employment and flexibility to pursue a number of different exit strategies, population growth is projected to drive tenant demand, including: 1) the sale of an individual asset, 2) the sale while focusing on those markets where new supply of a portfolio, 3) the sale of an operating company or is limited. The Firm has found that capital flows often 4) an initial public offering. influence asset valuations as much as—or more than— local supply and demand trends. In addition, investing Highlighting its ability to pursue a wide variety of in primary and secondary markets with diverse demand innovative exit strategies for its investments—as well drivers and deep buyer pools offers liquidity at various as its efficient access to the capital markets—Starwood points in the economic cycle. Capital has backed multiple IPOs since 2009. Perhaps most notably, the Firm in August 2009 created Next, the investment team’s focus turns to identifying Starwood Property Trust, Inc. (NYSE: STWD), a publicly and acquiring fundamentally sound properties that traded real estate finance company. With an initial had previously lacked the proper capital, attention or market capitalization of $950 million, Starwood Property effective management. Starwood Capital consistently Trust was, at the time of its IPO, the largest blind pool looks for mismanaged or undercapitalized assets with company ever created and traded on the NYSE—as ACE HOTEL LONDON SHOREDITCH the potential to deliver strong current cash yields, where well as the largest IPO of the year. The company has GUEST ROOM a repositioning, renovation and/or re-tenanting can add grown dramatically since that time, and is now the value. nation’s largest commercial mortgage REIT by market capitalization. Starwood Capital then leverages the unique skill set of the Firm’s asset management team to create a Starwood Capital believes that the current market dynamic asset management plan to stabilize, reposition offers the potential for compelling exit opportunities or redevelop each property. Starwood Capital’s asset for stabilized assets. The team has observed a wave of managers boast an unsurpassed combination of capital capital seeking yield in today’s low-yield world, with markets, design, construction and operational expertise sovereign wealth funds in particular moving aggressively that allows the Firm to enhance operational efficiencies, into real estate investment—and the Firm expects this increase value and ultimately create assets that are to remain a permanent allocation for many funds. As highly attractive to investors. The objective is to produce a result, Starwood Capital believes properties that are real estate that is more valuable than the replacement converted into consistent, cash-flowing, core assets cost of the bricks and mortar, driving customers to can be profitably sold off to those investors who are pay more for our assets than for competing product in increasingly viewing real estate as a bond substitute. the market. The team also seeks to design the optimal profile for each asset to appeal to the broadest possible When pursuing a disposition, the team leverages its universe of investors and most active buyers in a expansive network of relationships with real estate particular market. investors around the world to negotiate optimal sales terms for Starwood Capital’s funds and limited partners. Starwood Capital underwrites most opportunities In the process, the Firm has established new high-water assuming a three-to-five-year hold period, but marks in key asset classes and markets in the sale of continually monitors each investment’s performance, the many of its properties. market’s supply/demand dynamics and investor appetite to identify the optimal exit strategy. The Firm has a long 4 STARWOOD CAPITAL GROUP STARWOOD CAPITAL GROUP 5 A HISTORY OF RECORD-SETTING VALUE CREATION Starwood Capital’s successful approach has produced a number MARCH 2016 MARCH 2016 Starwood Capital funds sell the Hilton Garden A Starwood of sales that have set new pricing records: Inn Washington, D.C./Georgetown for a record Capital fund sells price per key for a select-service hotel in D.C. One Wells Fargo Center for a record JUNE 2014 price for a North A Starwood Capital fund sells a penthouse unit at Pierhouse at Carolina asset Brooklyn Bridge Park for a record price for a Brooklyn condo DECEMBER 2010 Starwood Capital funds sell the Hôtel de Crillon for a record price for a Paris hotel NOVEMBER 2016 A Starwood Capital fund agrees to sell The Park for a record price for a Czech Republic office transaction. 2016 2014 JANUARY 2014 A Starwood Capital fund sells a penthouse unit at Walker Tower for a record price for 2010 a downtown Manhattan condo JUNE 2014 JUNE 2016 A Starwood Capital fund sells One Union A Starwood Capital fund sells 16 Chestnut Station for a record price for a Denver for a record price per buildable square foot for office building land in Denver MAY 2015 Starwood Capital funds sell the MAY 2017 Baccarat Hotel New York for a A Starwood Capital record price per key for a North fund—for the second American hotel time—sets a record price per square foot for a Denver office 2017 2015 building, with the sale of The Triangle Building MARCH 2015 JULY 2015 NOVEMBER 2015 A Starwood Capital fund sells the Ace Hotel A Starwood Capital fund sells Block 300 for a A Starwood Capital separate account sells the Westin London Shoreditch for a record price for an record price for a Portland office property Bayshore for a record price for a Vancouver hotel East London hotel 6 STARWOOD CAPITAL GROUP STARWOOD CAPITAL GROUP 7 RECORD ASSET SALES A REBIRTH FOR A PARIS ICON HÔTEL DE CRILLON On behalf of Starwood Opportunity Fund VII, Starwood Hospitality Fund I and SDL Co-Invest In December 2005, Starwood Capital funds of Paris on the world-famous Place Consistent with its meticulous disposition of completed the $3.2 billion acquisition de la Concorde, the Crillon is steps away the broader SDL portfolio of luxury hotels, of Groupe Taittinger and Société du from the boutiques of the Faubourg Starwood Capital opted to take advantage Louvre (SDL), a family-controlled French St.-Honore, and is within walking distance of investor appetite for a trophy property conglomerate. At acquisition, SDL’s assets of the Champs Elysee, the Avenue such as the Crillon. In December 2010, the included one of Europe’s largest hotel Montaigne, the Louvre, the Tuileries team sold the asset at a price per key that networks—a unique collection of 15 luxury Gardens, among the city’s many acclaimed set a new record for a Paris hotel. hotels, the most famous of which was the attractions. The hotel has served as the Hôtel de Crillon in Paris, as well as more setting for a number of exclusive events, This investment displayed many of the than 800 budget hotels under three brands. including the famous “Bal des Debutantes” hallmarks of Starwood Capital—creativity SDL also owned several luxury goods and couture fashion shows. and agility, as well as perseverance. In businesses, including famed champagne the face of the Great Recession that hit producer Taittinger, iconic crystal maker The property features 103 guest rooms and the broader French economy particularly Baccarat and Annick Goutal perfumes. 44 suites—including five luxurious “grand hard, Starwood Capital stayed the course, apartments.” During Starwood Capital’s delivering operating efficiencies and design Commissioned in 1758 by Louis XV, the ownership of the Crillon, the Firm’s in-house enhancements to the property. These Hôtel de Crillon has long been a Paris design team completed a renovation of attributes enabled the Firm to leverage landmark.
Load more

Recommended publications
  • Railway Employee Records for Colorado Volume Iii
    RAILWAY EMPLOYEE RECORDS FOR COLORADO VOLUME III By Gerald E. Sherard (2005) When Denver’s Union Station opened in 1881, it saw 88 trains a day during its gold-rush peak. When passenger trains were a popular way to travel, Union Station regularly saw sixty to eighty daily arrivals and departures and as many as a million passengers a year. Many freight trains also passed through the area. In the early 1900s, there were 2.25 million railroad workers in America. After World War II the popularity and frequency of train travel began to wane. The first railroad line to be completed in Colorado was in 1871 and was the Denver and Rio Grande Railroad line between Denver and Colorado Springs. A question we often hear is: “My father used to work for the railroad. How can I get information on Him?” Most railroad historical societies have no records on employees. Most employment records are owned today by the surviving railroad companies and the Railroad Retirement Board. For example, most such records for the Union Pacific Railroad are in storage in Hutchinson, Kansas salt mines, off limits to all but the lawyers. The Union Pacific currently declines to help with former employee genealogy requests. However, if you are looking for railroad employee records for early Colorado railroads, you may have some success. The Colorado Railroad Museum Library currently has 11,368 employee personnel records. These Colorado employee records are primarily for the following railroads which are not longer operating. Atchison, Topeka & Santa Fe Railroad (AT&SF) Atchison, Topeka and Santa Fe Railroad employee records of employment are recorded in a bound ledger book (record number 736) and box numbers 766 and 1287 for the years 1883 through 1939 for the joint line from Denver to Pueblo.
    [Show full text]
  • Union Station Conceptual Engineering Study
    Portland Union Station Multimodal Conceptual Engineering Study Submitted to Portland Bureau of Transportation by IBI Group with LTK Engineering June 2009 This study is partially funded by the US Department of Transportation, Federal Transit Administration. IBI GROUP PORtlAND UNION STATION MultIMODAL CONceptuAL ENGINeeRING StuDY IBI Group is a multi-disciplinary consulting organization offering services in four areas of practice: Urban Land, Facilities, Transportation and Systems. We provide services from offices located strategically across the United States, Canada, Europe, the Middle East and Asia. JUNE 2009 www.ibigroup.com ii Table of Contents Executive Summary .................................................................................... ES-1 Chapter 1: Introduction .....................................................................................1 Introduction 1 Study Purpose 2 Previous Planning Efforts 2 Study Participants 2 Study Methodology 4 Chapter 2: Existing Conditions .........................................................................6 History and Character 6 Uses and Layout 7 Physical Conditions 9 Neighborhood 10 Transportation Conditions 14 Street Classification 24 Chapter 3: Future Transportation Conditions .................................................25 Introduction 25 Intercity Rail Requirements 26 Freight Railroad Requirements 28 Future Track Utilization at Portland Union Station 29 Terminal Capacity Requirements 31 Penetration of Local Transit into Union Station 37 Transit on Union Station Tracks
    [Show full text]
  • (September 2014). News and Tips from the St
    VOL. 6, NO. 9 — SEPTEMBER 2014 OF NOTE Special Collections is now the History and Genealogy Department The Special Collections Department has changed its name to the History and Genealogy Department, effective Sept.1. The department’s email address has also changed. Requests for lookups and general information can now be sent to [email protected]. Email sent to the former address ([email protected]) will still reach the department staff, however. The department is still located on Tier 5 (the top floor) of St. Louis County Library Headquarters. The tele- phone number, (314) 994-3300, ext. 2070, also remains unchanged. Department staffing changes Kamphoefner at St. Louis County Library The History and Genealogy Department has recently wit- Walter D. Kamphoefner, Ph.D., Professor of History at nessed the retirement of a several long-time staff members: Texas A&M University, Organization of American Historians Distinguished Lecturer, and notable expert on Joyce Loving retired as manager on July 31, a position German-American history, spoke at St. Louis County she had held since 1997, when the Special Collections Library Headquarters on Saturday, Aug. 9. Dr. Kamp- Department was still under development. hoefner‘s lecture, “St. Louis Germans: Insiders or Outsiders,” drew more than 200 attendees and was Ruth Ann Hager, who had worked in the department since 2000, retired on June 30. sponsored by the History and Genealogy Department. April Webb, who had worked in the department part- time since 2010, retired on May 31. joined the reference staff as part-time employees. Others on the reference staff include part-time members Jay Buck and In other changes, Scott Holl, formerly the assistant manager, Kelly Draper, and full-timer members Chris Flesor, Larry was promoted to manager of the department on Aug.
    [Show full text]
  • Fred Klein III Partner - Multifamily | Charlotte, NC
    Fred Klein III Partner - Multifamily | Charlotte, NC In any given day, I have the opportunity to help some “of the world’s top brands create vibrant, engaging, and memorable places where people feel a sense of community and loyalty. I see every project as a challenge to create inspiring and impactful spaces for both our tenants and their neighborhoods. (704) 343-4361 [email protected] SELECT PROJECT EXPERIENCE Duke Energy Center Charlotte, NC Keeping his focus on outcomes that promote growth and create 1,370,214 SF | Mixed Use, Office value, Fred has more than 20 years of experience implementing One Wells Fargo Center Charlotte, NC amenity-rich, vibrant communities across the southeast. 1,041,435 SF | Office, Mixed Use Fred is responsible for the strategic positioning of Childress Klein’s multifamily Element SouthPark Charlotte, NC developments, providing innovative design, overseeing development and 345 Units | Mixed Use, Multifamily, Retail operations and fostering new client opportunities. He is also a valued partner with Element Galleria Atlanta, SC experience managing and leasing commercial office space. This cross-market 280 Units | Mixed Use, Multifamily experience gives him a comprehensive understanding of the challenges and Museum Tower Charlotte, NC opportunities our diverse clients face. In addition to the knowledge needed to lead 394 Units | Multifamily the teams that will meet our clients’ evolving needs. Fred brings a passion and Element Uptown Charlotte, NC detailed understanding of today’s residential and commercial market forces, and a 352 Units | Multifamily precise understanding of the trends and details that maximize value. Element Ballantyne Charlotte, NC 281 Units | Multifamily Element Music Row Nashville, TN Experience 430 Units | Multifamily 24 years of experience | Joined Childress Klein in 2003 Element Carolina Bay Charleston, SC Education 276 Units | Multifamily MBA, The Wharton School | University of Pennsylvania Element Barclay Wilmington, NC (GOETTEE Award for Entrepreneurial Excellence) 405 Units | Multifamily B.A.
    [Show full text]
  • Wells Fargo & Company; ; Rule 14A-8 No-Action Letter
    March 5, 2019 Elizabeth A. Ising Gibson, Dunn & Crutcher LLP [email protected] Re: Wells Fargo & Company Incoming letter dated December 22, 2018 Dear Ms. Ising: This letter is in response to your correspondence dated December 22, 2018 concerning the shareholder proposal (the “Proposal”) submitted to Wells Fargo & Company (the “Company”) by The Shared Earth Foundation et al. (the “Proponents”) for inclusion in the Company’s proxy materials for its upcoming annual meeting of security holders. We also have received correspondence on the Proponents’ behalf dated January 30, 2019. Copies of all of the correspondence on which this response is based will be made available on our website at http://www.sec.gov/divisions/corpfin/cf- noaction/14a-8.shtml. For your reference, a brief discussion of the Division’s informal procedures regarding shareholder proposals is also available at the same website address. Sincerely, M. Hughes Bates Special Counsel Enclosure cc: Sanford J. Lewis [email protected] March 5, 2019 Response of the Office of Chief Counsel Division of Corporation Finance Re: Wells Fargo & Company Incoming letter dated December 22, 2018 The Proposal requests that the Company adopt a policy for reducing the greenhouse gas emissions resulting from its loan and investment portfolios to align with the Paris Agreement’s goal of maintaining global temperatures substantially below 2 degrees Celsius, and issue annual reports describing targets, plans and progress under this policy. There appears to be some basis for your view that the Company may exclude the Proposal under rule 14a-8(i)(7), as relating to the Company’s ordinary business operations.
    [Show full text]
  • BB&T Ballpark Parking
    Whisnant St Lamar Ave Polk St ALEXANDER Heath Ct PARK Otts St Hamilton St McGill Garden Way Canton Pl E Thirteenth St Alpha Mill Ln Mill Alpha Spindle St Spindle Green Trail Ln N Alexander St Little Sugar Creek Greenway Seigle Point Dr Central Ave Oakland Ave Oakland N College St E Twelfth St Sunnyside Ave N Poplar St Poplar N Skyline View Way Seigle Ave E Twelfth St Ave Louise E Eleventh St Greenway Crescent Ln E Tenth St W Eleventh St Sunnyside Ave MCCOLL Garden District Dr FIRST WARD CENTER ELEMENTARY Hamilton Piedmont St Maxwell DANCE Oakland Ave THEATRE E Tenth St Seigle Ave Andrill Terrace Jackson Ave S t S t W Tenth St SENSE AND Prospect St NORTH CAROLINA Pfifer Ave SCIENCE Ct Ward First MUSIC FACTORY t GARDEN St Blvd TRINITY Louise Ave W Twelfth St Myers N EPISCOPAL Johnson S Johnson SCHOOL N E Ninth St Beaumont Ave NC Music Factory BIDDLE- W Ninth St UNCC VILLE NINTH ST UPTOWN FIRST WARD PARK PARK BB&T Ballpark Parking FOURTH WARD Central Ave E Seventh St th St PINEWOOD E Eigh CEMETERY W Eighth St W Eighth St FUTURE Lot # Lot/Garage Name # Spaces FIRST WARD Armory Dr PARK N Alexander St Charlottetowne Ave t S 3 Polk Building Lot 235 h t i E Seventh St 4 Lot at W 5th St & N Wilkes Pl 75 Sm SEVENTH ST Armory Dr N INDEPENDENCE STATION 8 Lot at W Trade St & N Pine St 277 PARK Park Dr LEVINE W Seventh St SPIRIT MEMORIAL t 10 Greyhound Lot, W Trade St & S Graham St 480 SQUARE MUSEUM St Myers N STADIUM S t IMAGINON r N McDowell St a S l e 11 Lot at W 4th St & S Graham St 21 E Fifth St ollege St in N Brevard St Brevard N N Davidson St
    [Show full text]
  • Duke Energy Center Retail Space Available | 550 South Tryon Street | Charlotte, NC 28202
    FOR LEASE Duke Energy Center Retail Space Available | 550 South Tryon Street | Charlotte, NC 28202 Property Highlights Demographics Centered in a prime position in the heart of Uptown, The Duke Energy Center is MILE RADIUS 1 MI 3 MI 5 MI a 48-story, 1.5 million SF LEED-certified office tower located on the corner ofst 1 POPULATION 24,003 118,201 254,368 Street and South Tryon Street. This dynamic development includes nearly forty thousand SF of ground floor restaurants, galleries and shops creating a magnet for NO. OF HOUSEHOLDS 13,989 55,706 111 , 75 6 local residents and all who visit Charlotte. This incredible locations puts the best of AVG. HH INCOME $118,931 $100,552 $90,973 the city at your fingertips — including access to world-class corporations such as Duke Energy, Wells Fargo, Bank of America, Honeywell, Lowe’s, and Nucor. TOTAL BUSINESSES 3,868 12 , 312 20,562 • Located on the street level of Duke Energy Center, with frontage on South TOTAL EMPLOYEES 58,682 149,410 236,501 Church Street • The resident population of Uptown has tripled in 15 years / 60 people move AVAILABILITY to Charlotte everyday 1,439 SF • Six Fortune 500 headquarters and a total of 14 Fortune 1000 2,839 SF (Former Restaurant) headquarters call Charlotte home Susan Clements | 704.343.4366 | [email protected] FOR LEASE Duke Energy Center Retail Space Available | 550 South Tryon Street | Charlotte, NC 28202 LEVINE AVENUE OF THE ARTS REID’S FINE FOODS STARBUCKS A-200 A-100 MINT MUSEUM APARTMENT LEASING A-400 FIN & FINO A-300 SOUTH TRYON STREET
    [Show full text]
  • Fox Lake to Chicago – Saturday Fox Lake to Chicago – Sunday* METRA MILWAUKEE Many Buses Board at the Union Station Available on Weekends and Selected Holidays
    g y CONNECTING SERVICES TICKET INFORMATION CONTINUED Fox Lake to Chicago – Saturday Fox Lake to Chicago – Sunday* METRA MILWAUKEE Many buses board at the Union Station Available on weekends and selected holidays. 2600 2602 2604 2606 2608 2610 2612 2614 2616 2618 2620 2622 2600 2602 2604 2606 2608 2612 2614 2616 2620 2622 DISTRICT NORTH LINE TCrTaAn sCit oCnennetcetri on sJ:a ckson, including popular routes to Navy C Fahmildirlye nF argees 1 —1 and under ride when accompanied by a ZON E ST ATIONS AM AM AM AM AM AM PM PM PM PM PM PM ST A TI ON S AM AM AM AM AM PM PM PM PM PM )<@ Pier, North Michigan Avenue and Illinois Center. fare paying adult (up to three chiflrdere en free per adult). J FOX LAKE LV : 5:38 6:45 8:4 5 9:45 10:45 11:4 5 12:45 2:45 4:45 — 8:25 10:25 FOX LA KE LV : 5:38 6:45 8:45 9:45 10:4 5 12:45 2:45 4:45 8:2 5 10:25 • DOWNLOAD SCHEDULES Board CTA Blue Line trains at the Clinton/Congress subway • J Ingleside f5:41 f6:48 f8:4 8 — f10:48 — f12:48 f2:48 f4:4 8 — f8:28 f10:28 Ingl esid e f5:4 1 f6:4 8 f8:4 8 — f10:48 f12:48 f2:4 8 f4:4 8 f8:28 f10:28 ;0*2,;: station, two blocks south of Union Station. Board CTA Brown, — Full time students enrolled in an accredited J Lo ng L ak e 5:44 6:51 8:5 1 — f10:51 — f12:51 f2:51 f4:5 1 — 8:31 10:31 Long L ak e 5:44 6:51 8:51 — f10:51 f12:51 f2:5 1 f4:5 1 8:3 1 10:31 NOWNOW Chicago to Orange, Purple, and Pink Line trains at the Quincy/Wells gSrtauddee sncth Foaorl eos r high school can purchase a reduced One-Way, ° I Roun d La ke 5:47 6:54 8:5 4 9:52 10:54 11:5 2 12:54 2:54 4:54 — 8:34 10:34 Ro un d La ke 5:47 6:54 8:54 9:52 10:5 4 12:54 2:54 4:54 8:3 4 10:34 90./; Elevated Station, three blocks east of Union Station.
    [Show full text]
  • Train Station Models Building Guide 2018
    Building Guide for Season’s Greenings: All Aboard! 1 Index of buildings and dioramas Biltmore Depot North Carolina Page 3 Metro-North Cannondale Station Connecticut Page 4 Central Railroad of New Jersey Terminal New Jersey Page 5 Chattanooga Train Shed Tennessee Page 6 Cincinnati Union Terminal Ohio Page 7 Citrus Groves Florida Page 8 Dino Depot -- Page 9 East Glacier Park Station Montana Page 10 Ellicott City Station Maryland Page 11 Gettysburg Lincoln Railroad Station Pennsylvania Page 12 Grain Elevator Minnesota Page 13 Grain Fields Kansas Page 14 Grand Canyon Depot Arizona Page 15 Grand Central Terminal New York Page 16 Kirkwood Missouri Pacific Depot Missouri Page 17 Lahaina Station Hawaii Page 18 Los Angeles Union Station California Page 19 Michigan Central Station Michigan Page 20 North Bennington Depot Vermont Page 21 North Pole Village -- Page 22 Peanut Farms Alabama Page 23 Pennsylvania Station (interior) New York Page 24 Pikes Peak Cog Railway Colorado Page 25 Point of Rocks Station Maryland Page 26 Salt Lake City Union Pacific Depot Utah Page 27 Santa Fe Depot California Page 28 Santa Fe Depot Oklahoma Page 29 Union Station Washington Page 30 Union Station D.C. Page 31 Viaduct Hotel Maryland Page 32 Vicksburg Railroad Barge Mississippi Page 33 2 Biltmore Depot Asheville, North Carolina built 1896 Building Materials Roof: pine bark Facade: bark Door: birch bark, willow, saltcedar Windows: willow, saltcedar Corbels: hollowed log Porch tread: cedar Trim: ash bark, willow, eucalyptus, woody pear fruit, bamboo, reed, hickory nut Lettering: grapevine Chimneys: jequitiba fruit, Kielmeyera fruit, Schima fruit, acorn cap credit: Village Wayside Bar & Grille Wayside Village credit: Designed by Richard Morris Hunt, one of the premier architects in American history, the Biltmore Depot was commissioned by George Washington Vanderbilt III.
    [Show full text]
  • 2019 Building America Report
    UNION PACIFIC 2019 Building America Report A report to communities on our social, environmental and economic sustainability progress. Our Company Economic Impact Delivering an Excellent Customer Experience Operating Safely Strengthening Our Communities Engaging Employees Protecting the Environment Appendix About the Report Union Pacific’s vision of Building America means we connect the nation’s businesses We used the Global Reporting Initiative’s global sustainability reporting standards as and communities to each other and the world by providing safe, reliable and efficient a framework to report our most material social responsibility issues. This publication supply chain solutions that support sustainable economic growth. In doing so, we strive focuses on initiatives and accomplishments from the 2019 calendar year and includes to serve our customers, enhance shareholder value, invest in our communities and 2019 data, unless otherwise noted. The impact of COVID-19 and our response provide promising careers, while operating in an ethical manner. occurred in 2020 and will be thoroughly detailed in the 2020 Building America Report. Information also is available at up.com. This report details progress in key areas supporting our environmental, social, and governance pillars: delivering an excellent customer experience, operating safely, strengthening communities, engaging employees and protecting the environment. We also summarize our 2019 financial performance. Table of Contents LETTER TO STAKEHOLDERS 3 DELIVERING AN EXCELLENT CUSTOMER EXPERIENCE
    [Show full text]
  • 2011 8-K Credit Agreement Renewal
    ˆ200FCGYNBpJrHVD6fŠ 200FCGYNBpJrHVD6 MWRPRFRS03 OLD DOMINION FREIGHT RR Donnelley ProFile10.8.17 MWRpf_rend16-Aug-2011 01:06 EST 221909 TX 1 2* FORM 8-K CHA HTM ESS 0C Page 1 of 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): August 10, 2011 OLD DOMINION FREIGHT LINE, INC. (Exact name of registrant as specified in its charter) Virginia 0-19582 56-0751714 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 500 Old Dominion Way Thomasville, North Carolina 27360 (Address of principal executive offices) (Zip Code) (336) 889-5000 (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ˆ200FCGYNBpJrJdWg6Š 200FCGYNBpJrJdWg MWRPRFRS03 OLD DOMINION FREIGHT RR Donnelley ProFile10.8.17 MWRpf_rend16-Aug-2011 01:06 EST 221909 TX 2 2* FORM 8-K CHA HTM ESS 0C Page 1 of 1 Item 2.03.
    [Show full text]
  • Parking Garage
    W. 11th Street W. 10th Street W. 9th Street E. 9th Street W. 8th Street E. 8th Street W. 7th Street E. 7th Street Fourth Ward Park Fourth Ward N. Tryon Street N. Tryon N. College Street Street N. Brevard N. Caldwell Street W. 6th Street E. 6th Street N. Pine Street N. Poplar Street Street N. Church W. 5th Street Cable Arena Time Warner W. Trade Street E. Trade Street Charlotte Convention Center Parking W. 4th Street E. 4th Street Parking Facilities Covered Parking Flat Surface Parking C 7 6 9 1 NASCAR Hall of Fame A 510 S. Caldwell St. W. 3rd Street E. 3rd Street 401 S. Brevard St. B 510 S. College St. 2 The Westin Charlotte 601 S. College St. C 418 E. 4th St. BB&T Ballpark Park 3 The Green Romare Bearden 425 S. Tryon St. Mint Street 4 5 S. Tryon Street S. Tryon S. College Street Street S. Brevard S. Church Street S. Church Two Wells Fargo Center E. M L K Jr. Boulevard E. M L K Jr. Boulevard 4 175 E. Martin Luther King Jr. Blvd. 8 5 One Wells Fargo Center 200 E. Martin Luther King Blvd. 3 1 6 BB&T Center 200 S. College St. Levine Avenue of the Arts 7 Charlotte Plaza 200 E. 4th St. S. Caldwell Street B A 8 Hilton Garden Inn Charlotte Uptown/ Hampton Inn Charlotte Uptown W. Stonewall Street E. Stonewall Street 508 E. Martin Luther King Jr. Blvd. 9 AT&T Plaza 300 S. Brevard St. 2 2 Bank of Stadium America Interstate 277 E.
    [Show full text]