Author: Jason Schwartz

Property details

minneapolis, minnesota

Public Storage

Investment type

Development

Asset Class

Self Storage

Ownership Structure

Joint Venture

Year Acquired

2020

Investment Summary

Syndicated invested alongside Cogent Capital in the ground-up development of a Class A self-storage facility prominently located along Interstate 94 in Minneapolis, Minnesota. Once complete, the Property will consist of a 131,261 square foot, four-story (three floors plus a second-floor mezzanine), self-storage facility with 1,074 units. The new facility will have state-of-the-art technology, security, and design with an indoor, climate-controlled, drive-thru loading area.

Public Storage, the largest operator of storage facilities in the U.S., will manage daily operations at the property.

Property details

Jacksonville, florida

Goodwill

Investment type

Net Lease

Asset Class

Retail

Ownership Structure

Delaware Statutory Trust (DST)

Year Acquired

2020

Investment Summary

Goodwill Industries of North Florida, Inc. is a non-profit affiliate of Goodwill Industries International, which consists of 162 community-based, autonomous organizations in the United States and Canada.

Goodwill Industries of North Florida occupies 100% of the 16,446 square foot property, which is a brand new, ground-up construction built pursuant to Goodwill’s specifications.

Syndicated structured its acquisition as a Delaware Statutory Trust (DST) to accommodate investors completing a Section 1031 Exchange.

Property details

minnetonka, minnesota

Trimble Corporate Campus

Investment type

Net Lease

Asset Class

Office

Ownership Structure

Delaware Statutory Trust (DST)

Year Acquired

2020

Investment Summary

Trimble Corporate Campus is a 173,364 square foot, two-building office campus that is 100% leased. The anchor tenant, Trimble Inc., is an integrated technology and software provider that design and implements logistics solutions for major freight and moving companies. Trimble is a publicly traded, Fortune 1000 company with a Standard and Poor’s investment grade credit rating of BBB+. The property will serve as Trimble’s Mobility & Transportation headquarters.

Syndicated structured its acquisition as a Delaware Statutory Trust (DST) to accommodate investors completing a Section 1031 Exchange.

Property details

orlando, florida

Holiday Inn – Universal Orlando

Investment type

Value Add

Asset Class

Hospitality

Ownership Structure

Joint Venture

Year Acquired

2020

Investment Summary

Syndicated invested alongside InSite Development Group in a 10-story, 390-room, full-service hotel situated directly across the street from the entrance to Universal Studios in Orlando, Florida. Over the past three years, the property has achieved strong occupancy rates idue its location and accessibility via Interstate 4 and Florida State Road 435.

Upon acquisition, the property will undergo a property improvement plan to significantly upgrade and modernize the meeting rooms, common areas, and guest rooms, which will greatly enhance the guest experience and create additional value through higher room rates and hosting higher-rated group business.

Property details

Washington, d.c.

District Co-Living

Investment type

Development

Asset Class

Multifamily

Ownership Structure

Joint Venture

Year Acquired

2019

Investment Summary

Syndicated invested alongside Outlier Capital realty in the ground-up development of a well-located, Class A co-living apartment building in downtown Washington, DC. Once complete, the property will consist of 15 shared residential suites (67 private bedrooms) and 4,226 square feet of ground floor retail.

The development is situated near the intersection of 9th and M Streets, NW, in the Mt. Vernon Triangle/Shaw neighborhood of downtown Washington, DC, directly across from the Convention Center. This area is known for its popular restaurants, retail offerings, and proximity to more than 2.3 million square feet of office.