Author: Katie Donovan

Property details

Sterling Heights, Michigan

Henry Ford OptimEyes

Investment type

Net Lease

Asset Class

Medical

Ownership Structure

Tenancy-In-Common (TIC)

Year Acquired

2018

Investment Summary

The property consists of a one-story, 17,330 square foot medical/retail facility that is leased to Henry Ford Henry Ford Health System in Sterling Heights, Michigan.

Situated on a 1.86-acre parcel, the property was originally constructed in 1979 but underwent an extensive renovation in 2002 and again in 2014 which included a redesign of the interior to specifications requested by Henry Ford Health System.

Henry Ford Health System is a comprehensive, integrated, non-profit health care organization that consists of five hospitals, 30 general medical centers, seven specialized medical facilities, and 20 OptimEyes locations across Michigan.

Syndicated structured its acquisitions as a Tenancy-in-Common (TIC) to accommodate investors completing a Section 1031 Exchange.

Property details

Gaithersburg, Maryland

Walker House Apartments

Investment type

Value Add

Asset Class

Multifamily

Ownership Structure

Joint Venture

Year Acquired

2018

Investment Summary

Syndicated invested alongside Urban Investment Partners (UIP) in a 212-unit apartment community located at 18700 Walkers Choice Road in Gaithersburg, Maryland, a dense and established suburb of Washington, DC.

The property consists of an eight-story, 196-unit high-rise originally built in 1971, and 16 garden style constructed in 2003.

Property details

Athens, Geogria

Georgia Heights at the University of Georgia

Investment type

Value Add

Asset Class

Student Housing

Ownership Structure

Joint Venture

Year Acquired

2018

Investment Summary

Georgia Heights was developed in 2015 and consists of a six-story, 167,288 square foot student residence located on Broad Street, adjacent to the University of Georgia’s Historic District in downtown Athens and directly across the street from campus.

Georgia Heights features 268 units, 294 beds, and an additional 44,702 square feet of ground level retail space. The property is located approximately one block west of the main university pedestrian access known as the “Arch,” which borders North Campus and downtown Athens.

Property details

Minneapolis, Minnesota

The Marshall at the University of Minnesota

Investment type

Value Add

Asset Class

Student Housing

Ownership Structure

Joint Venture

Year Acquired

2018

Investment Summary

The Marshall was developed in 2014, and consists of a six-story, 359,592 square foot student residence that sits on a 3.6 -acre site. The Marshall features 316 units, 994 beds and 27,927 square feet of fully-leased retail space.

Located in Dinkytown, the campus centric entertainment and commercial district, The Marshall is situated at the epicenter of student life and is adjacent to the area’s main commercial corridor, 14th Avenue, which features local bars, restaurants, campus bookstores and other commercial attractions.

Property details

Cranberry Township, Pennsylvania

Cranberry Square

Investment type

Value Add

Asset Class

Retail

Ownership Structure

Joint Venture

Year Acquired

2018

Investment Summary

Syndicated invested alongside M&J Wilkow in the acquisition of Cranberry Square, a 299,818 square foot regional shopping center located approximately 18 miles from downtown Pittsburgh.

The property is leased to seven national tenants including Field & Stream, Best Buy, and Barnes and Noble. The property is shadow anchored by Walmart and Costco and is situated at Route 19 and Route 228, a prominent intersection that sees traffic counts in excess of 70,000 vehicles per day.