• Investments

Recent Investments

  • 32.1%
    Target IRR
    Flint, Mi
    Target IRR
    32.1%
    Target Equity Multiple
    1.8x

    Pirates Plaza

    Situated in Flint's main retail corridor backing up against I-69 and 2 miles to Genesee Valley Mall.
    Type:
    Retail Strip Center
    Estimated Hold Period (Months):
    36
    Purchased Cap Rate::
    12.4%
    Target ROE:
    80%
    Implied Cap Rate Spread:
    2.4%
    Target Equity Multiple:
    1.8x
    Target IRR:
    32.1%
    CLOSED
  • 54%
    Target IRR
    Gastonia,NC
    Target IRR
    54%
    Target Equity Multiple
    5.64x

    Redbud

    Redbud Commons is a Retail Strip Center 63,937 SF with 94% Occupancy Rate with stable cash flow and value add through the leasing of vacant space
    Type:
    Retail Strip Center
    Estimated Hold Period (Months):
    60
    Purchased Cap Rate::
    11.2%
    Target ROE ::
    166%
    Implied Cap Rate Spread:
    2.2%
    Target Equity Multiple:
    5.64x
    Target IRR:
    54.10%
    CLOSED
  • 28.7%
    Target IRR
    Monaca, PA
    Target IRR
    28.75%
    Target Equity Multiple
    2.71x

    Stone Quarry Commons

    Property was acquired at an 10.6% purchase cap rate at auction with spread of 250 – 300 bps Asset is 100% occupied by three strong NNN tenants; Marshalls, Ross, and Famous Footwear
    Type:
    Retail Strip Center
    Estimated Hold Period (Months):
    60
    Purchased Cap Rate::
    10.6%
    Target ROE ::
    160%
    Implied Cap Rate Spread:
    2.1%
    Implied Equity Multiple:
    2.71x
    Target IRR:
    28.75%
    CLOSED
  • 41.3%
    Target IRR
    Shaker Heights,OH
    Target IRR
    41.3%
    Target Equity Multiple
    4.51x

    Chagrin Lee Square

    Chagrin Lee Square is comprised of two flex office buildings totaling 39,515 In-place occupancy was 74% upon acquisition Property was acquired at a 10.2% purchase cap 220 bps discount to market cap
    Type:
    Flex Office/Retail
    Estimated Hold Period (Months):
    60
    Purchased Cap Rate::
    10.2%
    Target ROE :
    313%
    Implied Cap Rate Spread:
    2.2%
    Target Equity Multiple:
    4.51x
    Target IRR:
    41.32%
    CLOSED
  • 177%
    Realized IRR
    Arlington, TN
    Realized IRR
    177%
    Realized Equity Multiple
    1.8x

    Arlington Shops

    The Arlington Shops is a 15,775 square foot, high-quality, retail shopping center in Memphis MSA with 91.13% occupancy ,features nationally tenants UPS, Subway, Pizza Hut
    Type:
    Retail Strip Center
    Hold Period (Months):
    1
    Purchased Cap Rate::
    10.4%
    Realized Return On Equity :
    91%
    Cap Rate Exit:
    9.1%
    Cap Rate Spread:
    1.5%
    Equity Multiple:
    1.8x
    Realized IRR:
    177%
    SOLD
  • 78%
    Realized IRR
    Colorado Springs, CO
    Realized IRR
    78%
    Realized Equity Multiple
    2.81x

    Park Place Plaza

    Park Place Plaza is a neighborhood retail center ,The shopping center is 89.36% leased to a stable tenant mix ,The property sold with in 7 months .
    Type:
    Retail Strip Center
    Hold Period (Months):
    7
    Purchased Cap Rate::
    10.3%
    Realized Return On Equity :
    181%
    Cap Rate Exit:
    7.3%
    Cap Rate Spread:
    3.0%
    Equity Multiple:
    2.81x
    Realized IRR:
    78.3%
    SOLD
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