Success Highlights: Recent Case Studies

Location: Farmers Branch, TX

Size: 45,000 SF

Investment: $3.8M in 2019

Exit: $6.4M in 2023

Profit: $2.7M profit

Value-Add Actions: Held for income at 6%, sold after appreciation. Buyer intended change of use.

Location: Salem, OR

Size: 72,000 SF on 7 acres

Investment: $1.4M in 2005, $5M rehab

Exit: $11.5M in 2023

Profit: Profit: $5.1M+ profit

Value-Add Actions: Value-Add Actions: Converted to 60-tenant flex space and created use change from warehouse to multi-purpose creative spaces.

Acquired Troy Laundry in 2015 with significantly below market leases and code / construction problems for $4,960,000. Plus $1,500,000 in costs.

Historically significant 50,000 SF building on a full city block zoned for higher and better use

Repositioned the asset by arranging options to buyout existing tenants with below market rents.

Sold for $14,000,000 net in 2019.

Menlo Park, CA – 2010

Acquired through a 99 year ground lease with small down payment

Refurbished existing duplex and Funeral Home on 1 acre

Sold for $2.2m in 2014

New Owner redeveloped into 40,000 SF class A office + several apartments

Overview

Acquired Adaptive Reuse Church-Austin,TX

18,500 SF on 45,000 SF Infill site – 24 units adaptive reuse proposed

Paid $2.1m in 2019

Sold to single family Housing building as 16 small lots after apartment application refused

Sold for $4.0m  in 2021