Syndicated Equities Acquires a 100% occupied, Medical Office asset in Fenton, Missouri

Syndicated Equities is pleased to announce the acquisition of a 55,000 square foot single tenant medical office and training facility that is 100% leased to SSM Health Care in Fenton, Missouri.

The property consists of two floors, each with an approximately 27,500 square foot floor plate. SSM utilizes the first floor for medical office, including primary care, pediatrics, behavioral health, internal medicine, and a recently completed express care clinic. The second floor serves as a training and simulation center for SSM Health Care employees. SSM Health Care is a leading healthcare provider in St. Louis and the property is strategically located across the street from one of SSM Health Care’s regional hospitals, SSM Health – St. Clare.

Syndicated acquired the property outright and structured its acquisition in a Delaware Statutory Trust (DST) to accommodate investors completing tax-deferred 1031 exchanges along with accredited cash investors. The acquisition was partially funded with a low leverage loan from Huntington National Bank. Jason Schwartz, Managing Partner and Chief Operating Officer, noted “The property should provide investors with long term, stable cash flow from a high-quality tenant, and should benefit from continued demand given its strong location across from a regional hospital.”

Syndicated Equities provides accredited investors and family offices with institutional quality commercial real estate investments. Since 1986, the firm has developed an expertise in co-investment ownership, net lease brokerage services, global real estate opportunity funds, and more recently, qualified opportunity zones. To date, Syndicated Equities has made over 100 investments representing over $500 million of equity and $2 billion of total asset value.

For more information please visit www.syneq.com or call (312) 640-9020

Syndicated Equities Acquires a Midtown Parking Garage Alongside Centerpark Realty

Syndicated Equities is pleased to announce the acquisition of a 110-space parking garage comprised of a ground level entrance, a ground level parking area, and one underground parking level located at 58 West 58th Street, New York, New York. The property is currently leased to Icon Garages and is situated in the Midtown East of neighborhood of Manhattan. The property benefits from multiple demand drivers within a 2.5-block radius, including 3.75 million square feet of commercial space including office, hotels, and other major area destinations such as Carnegie Hall and Central Park.

Syndicated acquired the property alongside Centerpark Realty, a New York City-based parking management and real estate firm that has been acquiring and operating parking garages for more than 25 years. Centerpark will begin managing operations at the property in 2023 and will institute their best-in-class management and technology platforms. Matt McCulloch, Managing Partner at Syndicated Equities, noted, “We and Centerpark are very enthusiastic about this opportunity, especially as parking rates and parking demand continue to improve in Manhattan. Bridge and tunnel traffic into New York now equals, and on many days exceeds, levels reached prior to the pandemic, while subway ridership is at 60% of pre-pandemic levels.”

Syndicated Equities provides accredited investors and family offices with institutional quality commercial real estate investments. Since 1986, the firm has developed an expertise in co-investment ownership, net lease brokerage services, global real estate opportunity funds, and more recently, qualified opportunity zones. To date, Syndicated Equities has made over 100 investments representing over $500 million of equity and $2 billion of total asset value.

For more information please visit www.syneq.com or call (312) 640-9020

Syndicated Equities is pleased to announce the sale of a 212-unit apartment community located in Gaithersburg, Maryland.

Syndicated Equities recently completed the sale of the Walker House apartments, a 212-unit apartment community located at 18700 Walkers Choice Road Gaithersburg, Maryland on March 28, 2022. The property consists of 16 garden-style units and a 196-unit high rise. Syndicated acquired the property in May of 2018 in a joint venture with Urban Investment Partners, a long-standing Washington, DC based owner, developer, and operator of multifamily properties. After executing on its value-add improvement plan, Syndicated and Urban Investment Partners sold the property, which resulted in an equity multiple of 1.6x and a 13.61% internal rate of return for Syndicated’s investors.

Syndicated Equities provides accredited investors and family offices with institutional quality, commercial real estate investments. Since 1986, the firm has developed an expertise in co-investment ownership, net lease brokerage services, global real estate opportunity funds, and more recently, qualified opportunity zones. To date, Syndicated Equities has made over 100 investments representing over $500 million of equity and $2 billion of total asset value.

For more information please call (312) 640-9020

Syndicated Equities is pleased to announce the sale of the Mars Petcare cold storage facility in Columbus, Ohio.

Syndicated Equities recently completed the sale of a Mars Petcare cold storage facility, located at 5303 Fisher Road in Columbus, Ohio on March 11, 2022. Syndicated acquired the property in August of 2017 and structured its acquisition to accommodate investors completing a Section 1031 exchange. After 5 years of ownership, Syndicated sold the property, resulting in an approximate 2.0x equity multiple and a 18.37% internal rate of return for Syndicated’s investors.

Syndicated Equities provides accredited investors and family offices with institutional quality commercial real estate investments. Since 1986, the firm has developed an expertise in co-investment ownership, net lease brokerage services, global real estate opportunity funds, and more recently, qualified opportunity zones. To date, Syndicated Equities has made over 100 investments representing over $500 million of equity and $2 billion of total asset value.

For more information please call (312) 640-9020