Property details

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

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

Winnebago Industries Corporate Headquarters

Investment type

Net Lease

Asset Class

Office

Ownership Structure

Delaware Statutory Trust (DST)

Year Acquired

2022

Investment Summary

The Property consists of a single-story, 63,111 square foot building located on a 10.05-acre parcel in Eden Prairie, Minnesota. Originally constructed in 2007, The property serves as Winnebago’s corporate headquarters and will house its executive team, human resources department, finance, legal, and operations teams.

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

Property details

Gateway First Bank Corporate Headquarters

Investment type

Net Lease

Asset Class

Office

Ownership Structure

Delaware Statutory Trust (DST)

Year Acquired

2022

Investment Summary

Gateway First Bank Corporate Headquarters is an 86,000 square foot, four-story, Class A office building situated in the Tulsa MSA.

Gateway is one of the largest banks in the State of Oklahoma by asset size, and one of the largest mortgage companies operated by a bank in the U.S.

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

Property details

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.