KHJR Real Estate Advisory Services LLC.
Filed as a Domestic Limited-Liability Company (LLC) in the State of Nevada on Monday, December 17, 2018.
Address: 151 Shipyard Way, Newport Beach CA 92663
Key Employees: Gary Martin Holland, Craig Johnson, Chris Kay, & Chris Ridout
“At its Feb. 21 meeting, Jersey Village City Council unanimously voted to authorize City Manager Austin Bleess to sign a letter of intent with KHJR Real Estate Advisory Services relating to the development of the property off Jones Road on the south side of Hwy. 290 known as Village Center.” – as reported in the Impact Newspaper on February 22, 2022.
The report goes on to say “According to city officials, KHJR has developed and operated several mixed-use developments. Bleess said the letter of intent is a nonbinding agreement that the City Council would approve the framework for future negotiations at a later date. Mayor Bobby Warren said this was the first step in a long process, and council will likely not take further binding steps until next year.”
Some of the information about their other developments does not appear to match up with available facts. The KHJR (khjrrealestate.com) website as of February 23, 2022, showed four development projects that are implied to be developed and managed by KHJR; Union Village, Lancaster Medical Mile, Lake View, and Patriot Hills. However, after comments were posted on Facebook that KHJR was not involved with Lake View nor Patriot Hills projects, those two projects were removed on February 24, 2022.
During Bobby Warren’s Village Center Presentation in May 2021, KHJR was one of the companies speaking about the part of the development they would be involved with. They would be building out the Wellness Center that was to be a two-story 40,000 square foot building that would be for some healthcare related businesses. No tenants were identified during that meeting for that building. KHJR identified three projects they were managing at that time that were similar to the JV Village Center Project. They were Union Village Henderson Wellness, Antelope Valley MOB, and HOF Legends Landing Wellness.
After some research of those projects to determine how similar they were to the JV project, the following information was identified:
Union Village Henderson Wellness: this building is planned to be developed next to the Henderson Hospital in Henderson, NV in the Las Vegas area. It is described as another planned piece for Union Village is a 50,000-square-foot wellness center that will feature a full health and well-being experience. “It will have everything from physical therapy and athlete training to psychological services and even some Eastern medicine components.” “There’s nothing really like it right now in the world. An article in Vegas Inc. does say that Craig Johnson was one of the founders of the Union Village Development when it broke ground in 2014; however, KHJR Real Estate Advisory Services LLC was not incorporated until December 2018 and there is no connection identified with the company that Jersey Village is now contracting with!
Antelope Valley MOB: At that time, they described the Antelope Valley MOB as one of their projects; however, now KHJR now identifies that project as the Lancaster Medical Mile project. There was no information last year that connected the KHJR company to the project in Lancaster CA. Lancaster Medical Mile appears to be a project still being discussed; however, no information can be found on the internet regarding the existence of this project. The KHJR website has very limited information other than Antelope Valley residents could use the healthcare and a hospital would be included. There is a Kaiser Permanente Antelope Valley Medical Office Building in Lancaster, CA; however, there is no mention of KHJR company involved in any part of the project. It is listed as KPFF.
HOF Legends Landing Wellness: While that may have been the original name for the project, it has been renamed at least two times since then. An article on the internet says “Legends Landing evolves into Player Care Center”. The article says that the Franklin Companies, a Texas-based group of development, construction, and management companies, will be the primary operator. KHJR is not mentioned in the article, but here is what was said about the center:
Imagine a city block with assisted living, behavioral rehabilitation and surgery facilities. That’s how David Baker, president of the Pro Football Hall of Fame, describes the Player Care Center. It will house the senior and assisted-living residence of Legends Landing. “And maybe even a memorial some day to guys who would be interred here,” Baker said. Stuart Lichter, president and chairman of the board at Industrial Realty Group, said Legends Landing plans have progressed to near completion.
The connection with the hall of fame comes from the Canton, Ohio facility’s president, David Baker. An original member of the three-person team that first envisioned Union Village back in 2009, Baker went to work at the Pro Football Hall of Fame in 2014 and is not and has not been an employee of KHJR Real Estate Advisory Services LLC and KHJR Real Estate Advisory Services LLC has never been involved with “Player Care Center”.
Lake View – this is a 190 acre healthcare village in Conroe, Texas
This is a project that KHJR only shows on their website as planned and no information can be found on the internet about any announcements or other activity. According to the broker for this project, KHJR has no involvement with Lake View in Conroe. This was removed from their website on February 24, 2022, only after being called out on Facebook.
Patriot Hills – A 200-acre Integrated Health Village just outside of Dallas, Texas. Patriot Hills will exemplify our Integrated Health Village model by bringing together a hospital building, medical and commercial office space, convenient retail locations, as well as single and multi-family residential housing. All of this will be brought together by our state-of-the-art technology offerings to create a truly integrated experience. This is how the project is presented on the KHJR website; however, there are no articles on the internet that connect KHJR to this project. There are at least two other real estate companies that have more details that describe the Patriot Hills project. This was removed from their website on February 24, 2022, only after being called out on Facebook.
What does Jersey Village City Council really know about KHJR Real Estate Advisory Services LLC?
Did they check out the information provided about their other projects or about how long the company had been in business before the discussions regarding the Village Center Project? Did they know that this Limited Liability Company (LLC) is a business structure that allows the members to be protected from being sued personally nor can another LLC that they may be members of being sued in the event of problems with the contract? Did they think that a company formed in December 2018 may not have actually begun and completed any other projects before their discussions with them?
Did they know that KHJR Real Estate Advisory Services LLC had filed for and been given two PPP loans that totaled $278,027 prior to the Village Center Meeting in May 2021?
That they had received $139,000 in January 2021 and $139,027 in March 2021? Those loans are reported by the SBA as “Paid in Full”, which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan’s status was last updated by the SBA in November 2021. Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application. In order to qualify for the PPP loan amount received, Khjr Real Estate Advisor Services LLC’s 2019 payroll expenses are estimated to be at least $667,330. Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $83,416 per employee.
March 1, 2022