Mixed-Use Retail Center

The Asset’s (land) location was ideal for retail and commercial activity–sitting squarely in the this MSA’s dynamic growth path.

It sits on one of the two most traveled streets in this sub-market–this one being the main east-west thoroughfare–and was one block away from the other most traveled road (being the main north-south thoroughfare). It enjoyed unique visibility and frontage. The acquisition was consistent with the strategy of investing in strategic sub-markets poised for growth. At the time of acquisition, there were no active similar construction retail projects within 2 miles.

Executing on the buy and leasing, a significant retail center was constructed on the site and immediately felt strong demand. After executing a refinancing that repatriated almost all of investor capital, and increasing overall rents by nearly 25% since inception.