Airport Way
530 Airport Way consists of a Class A building totaling 113,840 square feet. Built in 2004 on 7.1 acres, property has an excellent location just south of Interstate 40 in the Meridian Business Park. Building has 28-foot clear height, ESFR fire suppression system and superior truck court parking. Approximately 34,000 square feet is freezer space.
Property was acquired in September 2022 and is occupied by two long term credit tenants. Airport Way was purchased significantly below replacement cost and will provide current yield with long term asset appreciation.
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Paseo Industrial
Paseo Industrial consists of two buildings totaling 31,622 square feet. Built in 2000 on 3.27 acres, property has an excellent location within North I-25 submarket of Albuquerque
Property was acquired in February 2022 and is occupied by a long term manufacturing tenant. Paseo Industrial was purchased as a value-added investment to provide current yield with long term asset appreciation.
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Oak Street Townhomes
Oak Street Townhomes is a 44-unit workforce housing apartment complex located in Bozeman, Montana. The property consists of 10 one-bedroom flat style units, 16 two-bedroom townhome style units and 18 three-bedroom townhome style units, all with attached one car garages. The property has an excellent neighborhood feel in a park like setting backing to a natural stream and farmland.
The property was acquired in August 2021 as a value added investment. Ownership will improve the asset with capital upgrades to the common areas and unit interiors. Value will be increased by rolling rents to market rate and implementing professional property management.
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The Edge
The Edge is a 480 bedroom, purpose built student housing property located in Bowling Green, Ohio. The property was constructed in 2002 and is primarily leased to students of Bowling Green State University. The property is adjacent to Falcons Pointe.
The Edge offers luxury furnished apartment homes with a resort-style amenity package. The property was purchased in September 2014 through a negotiated off market transaction with the previous owner. The Edge was acquired as a value-added investment to yield current return and long-term appreciation. Purchased at a significant discount to replacement cost, ownership will improve the asset with capital upgrades to the units and common areas.
University Industrial
University Industrial is an 86,000 SF Class “A”, LEED certified multi-tenanted warehouse industrial property. The property was constructed in 2006 and is well located in Mesa del Sol, a master planned community in southern Albuquerque, NM.
The property was acquired in January 2014 at approximately half of replacement cost. University Industrial was purchased to facilitate the up leg of a 1031 exchange to provide current yield and long term appreciation.
Ulster Terrace
Ulster Terrace is an 19,720 Class “A” multi-tenanted neighborhood retail center. The property was constructed in 2001 and is located in the Denver Tech Center, the premier suburban office development in the Denver Metropolitan area.
The property was acquired from the lender post foreclosure at a significant discount to replacement cost. Ulster Retail was purchased as a value-added investment to provide current yield with long term asset appreciation.
Kyrene Commerce Center
Kyrene Commerce Center is a three building 160,000 square foot multi-tenant flex industrial property with a combination of service center and distribution warehouse space. The property was constructed in 1985 and is situated on 10.72 acres in central Tempe, Arizona.
The property was acquired through an off market acquisition in March 2013. Kyrene Commerce Center was purchased as a value-added investment to provide current yield with long term asset appreciation.
Hilltop Mesa
Hilltop Mesa is a two building 35,000 square foot, class A, multi-tenant flex industrial property. The property was constructed in 2007 and is situated on 2.5 acres in central Littleton, Colorado.
The property was acquired in May 2013 to facilitate the up leg of a 1031 exchange. Hilltop Mesa was purchased to provide current yield.
Rams Village
Rams Village is a 976 bedroom (355 units), student housing property located in Fort Collins, CO. The property was constructed in 1991 and is leased to students of Colorado State University.
Rams Village offers luxury furnished apartment homes with a resort-style amenity package, located only a few blocks east of campus. The property was purchased in April 2012 through a negotiated off market transaction with the original developer. Rams Village was acquired as a value-added investment to yield current return and long-term appreciation.
Maverick Creek Villas
Maverick Creek Villas is a 702 bedroom (258 units), student housing property located in San Antonio, TX. The property was constructed in 1998 and is leased to students of UTSA (University of Texas San Antonio).
Maverick Creek Villas offers luxury furnished apartment homes with a resort-style amenity package, located only a few blocks north of campus. The property was purchased in April 2012 through a negotiated off market transaction with the original developer and loan assumption approval with the special servicer. Maverick Creek Villas was acquired as a value-added investment to yield current return.
Falcons Pointe
Falcons Pointe is a 576 bedroom, student housing property located in Bowling Green, Ohio. The property was constructed in 2006 and is primarily leased to students of Bowling Green State University.
Falcons Pointe offers luxury furnished or non-furnished apartment homes with a resort-style amenity package. The property was purchased in July 2011 through a negotiated short sale with the lender. Falcons Pointe was acquired as a value-added investment to yield current return and long-term appreciation.
Eastside Portfolio
The Eastside Portfolio is a 45-unit mixed use (residential/retail) of properties constructed in the mid-1900’s in Milwaukee, Wisconsin. Assets are located in A+ locations in the upper East Side or within the Village of Shorewood. The properties were acquired in January 2020 to facilitate the up leg of a 1031 exchange. Significant value will be added thru intensive management and capital upgrades.
Juneau Gardens
Juneau Gardens is a 30-unit apartment building constructed in 1977 and located in Milwaukee, Wisconsin. The property is one of the nicest communities in the immediate submarket and serves affordable housing needs of Milwaukee. The property was acquired through foreclosure in early 2009 as an investment to yield current return.
SOLD property in October 2019, Realized internal rate of return (IRR) of 51.9%.
Riggs Landing
Riggs Landing is a four building 46,322 square foot class A neighborhood retail center located in Chandler, Arizona. The property was constructed in 2006 and is situated over 9 acres on the northwest hard corner Riggs Road and McQueen Road.
The property was acquired through foreclosure in late 2010 and will be repositioned by the ownership to provide cash flow and appreciation.
SOLD property in August 2018. Realized internal rate of return (IRR) of 19.1%
1920 Market Street
1920 Market Street is a two-story, 21,000 square foot, mixed-use retail/office building located in the lower downtown (LoDo) of Denver, Colorado. The property is a historic building constructed in 1931 and is located at the epicenter of Denver’s nightlife and sports entertainment district.
The property was acquired through foreclosure in mid-2009 as an investment to yield current return and long term appreciation.
SOLD property in July 2018. Realized internal rate of return (IRR) of 17.2%
University Estates
University Estates is a 552 bedroom, student housing property located in Muncie, Indiana. The property was constructed in 2001 and is primarily leased to students of Ball State University. University Estates offers luxury furnished or non-furnished apartment homes with a resort style amenity package. The property was purchased in late 2008 out of receivership as a value added investment to yield current return and long term appreciation.
SOLD property in October 2013. Realized internal rate of return (IRR) of 55.4%
Atomic Car Wash
Atomic Car Wash is a 5 bay self service car wash located in Louisville, Colorado. The business and building occupies approximately ¾ of an acre at one of the main intersections in Louisville. The proposed light rail station and redevelopment is a few blocks south of the property. The business and real estate was purchased in May 2008 to provide tax sheltered income and appreciation through real estate.
SOLD property in January of 2010. Realized internal rate of return (IRR) of 36.8%
Elizabeth Retail
Purchased non-performing loan from note holder in June 2011 at discount to par value. Restructured secured note with Borrower to realize above market returns.
Loan PAID OFF in October of 2015. Realized internal rate of return (IRR) of 12%