Rivers & Aviation Portfolio | Baltimore, MD
429,000 sqft / Light Industrial/Flex Date Acquired:
- Nine single-story buildings located within the Baltimore-Washington Corridor in Maryland with convenient access to both major metropolitan areas and the BW International Airport.
- Leased to a diverse mix of investment grade and publicly traded companies that boast a staggered rollover schedule with a series of longer term leases and almost 40% of the tenants expiring outside the investment hold period.
- Favorable in-place contractual yield combined with an opportunity to add value creates attractive risk adjusted returns.
Kramer 1-5 at Braker Center 4 | Austin, TX
296,700 sqft / Light Industrial/Office Date Acquired:
- Kramer is strategically located in one of the nation’s premier growth markets.
- High quality physical design of the buildings, with 21’ clear heights. and efficient floor plans, allows tenants to buildout high levels of office finish.
- Kramer boasts a strong and diverse tenant roster that includes several highly notable investment grade and publicly traded companies.
Valencia Town Center | Los Angeles, CA
395,000 sqft / Multi-story office w/ ground floor retail Date Acquired:
- Exceptional cash-on-cash yields and projected equity multiple.
- High in-place occupancy with strong credit tenant for majority of the space.
- Business plan allows for options to unlock significant additional value.
Riverchase Center | Birmingham, AL
306,700 sqft / Single story office Date Acquired:
- High in-place cap rate generating strong cash-on-cash returns.
- Strong tenant roster with several credit rated tenants.
- Located in renowned mixed-use Riverchase community, home to many national and international companies.
South Florida Portfolio | Boca Raton, Ft. Lauderdale & Delray Bch.
349,000 sqft / Single story office/light industrial Date Acquired:
- Eighteen well leased single story office/light industrial buildings in some of South Florida's fastest growing markets.
- Strong cash-on cash yields due to wide spread between cap rates and low cost debt.
- Staggered tenant lease expiration and strong credit risk with 50 tenants spread across many different industries.
Yamato Business Park | Boca Raton, FL
171,000 sqft / Office Date Acquired:
- Two well occupied multi-story office buildings with strong in-place cash yield.
- Staggered tenant rollover schedule, favorable cap rate and accretive debt terms will generate an attractive risk adjusted return.
- Well located in Boca Raton, an affluent South Florida submarket less than 1 mile west of the I-95/Yamato Road interchange.
South Point Business Center | Charlotte, NC
140,000 sqft / Light Industrial/Flex Date Acquired:
- Well occupied three building light industrial portfolio with strong in-place cash yield.
- Favorable basis and wide spread between cap rate and low cost debt will provide superior risk-adjusted returns.
- Well located in high growth submarket of Charlotte, North Carolina.