Category: Properties

Property details

Chattanooga, Tennessee

Choo Choo Hotel

Investment type

Development

Asset Class

Hospitality

Ownership Structure

Joint Venture

Year Acquired

2023

Investment Summary

The Property is located at 92 Choo Choo Avenue, within the campus of the iconic 7-acre former railroad station known as the Chattanooga Choo Choo Terminal Station.  The Property currently consists of the MacArthur building, a two-story H-styled building with 75 hotel rooms and a lobby with a double height indoor pool, a 1,675 square foot retail building, and an 81-space parking lot. 

Once renovated, the Property will feature 127 keys/rooms, including a unique offering of boutique hotel rooms in repurposed train cars, state-of-the-art banquet and catering facilities, a lounge/restaurant, and 1,749 SF of retail space.  The existing pool area will be converted into a 3,000 SF, column-free event space with a new roof so that the hotel can better attract high-rated group business such as weekday corporate events and weddings over the weekend. 

Property details

Dearborn, michigan

Carhartt Global Design & Corporate Headquarters

Investment type

Net Lease

Asset Class

Multifamily

Ownership Structure

Delaware Statutory Trust (DST)

Year Acquired

2023

Investment Summary

The Property consists of a two-story, 58,722 square foot, Class A building situated on a 7.7-acre parcel at 5750 Mercury Drive in Dearborn, Michigan. Carhartt utilizes the Property as a design, research, and development facility as well as its corporate headquarters. The Property was a build-to-suit for Carhartt in 2002.

The majority of the property is utilized as Carhartt’s state-of-the-art global design center, the creative hub of the company where all fabric and design decisions are made for new apparel. The Property also serves as its center for research and development, which includes laboratory space, industrial washing machines, and other prototype equipment for durability testing.

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

Property details

Takoma park, maryland

Cypress on Vine Co-Living

Investment type

Development

Asset Class

Multifamily

Ownership Structure

Joint Venture

Year Acquired

2022

Investment Summary

The property is located in Takoma Park, two blocks southeast of the Takoma Metro station, which provides direct access to downtown Washington, DC. Takoma Park is an established, residential neighborhood with strong demographics and an appealing aesthetic that has consistently attracted new residents.

Once complete, the property will feature a four-story, approximately 56,434 square foot, Class A multifamily property with indoor and outdoor rooftop space, grilling areas, and two multipurpose meeting rooms on the penthouse level. There will be 28 shared living suites with 155 fully furnished bedrooms.

Property details

Oklahoma city, oklahoma

Heartland Payment Systems Corporate Headquarters

Investment type

Net Lease

Asset Class

Office

Ownership Structure

Delaware Statutory Trust (DST)

Year Acquired

2022

Investment Summary

An approximately 111,500 square foot, Class A office building that is 100% net leased to Heartland Payment Systems as its corporate headquarters.

Heartland Payment Systems is a subsidiary of Global Payments, one of the largest payment processors in the United States. Heartland is a financial technology company focused on efficient and secure payment processing and payroll services. Heartland’s products include point of sale systems (POS), online and mobile payments, HR tools, customer engagement efforts, and capital lending.

The Property serves as Heartland’s corporate headquarters, housing Heartland’s CEO and full executive team as well as its product development, marketing, payroll, human resources, training, finance, legal, sales operations, business support, IT, and communications departments.

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

Property details

Fort Worth, tx

Oncor Adaptive Reuse

Investment type

Development

Asset Class

Multifamily

Ownership Structure

Joint Venture

Year Acquired

2023

Investment Summary

Syndicated invested alongside 3L Real Estate in the adaptive reuse of a 16-story office building in downtown Fort Worth, Texas that will be converted into a mixed-use development featuring 330 Class A apartment units and 24,00 square feet of ground floor retail.

The Property is centrally located at 115 W. 7th Street and offers excellent access to the city’s top restaurants, nightlife, entertainment venues, and employers.