Category: Asset Class

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.

Property details

Indianapolis, INdiana

Marriott Courtyard

Investment type

Value Add

Asset Class

Hotel

Ownership Structure

Joint Venture

Year Acquired

2018

Investment Summary

Situated invested alongside Arbor Lodging Partners in a three-story, 90-room Marriott Courtyard located at 7226 Woodland Drive, Indianapolis, Indiana.

Originally developed in 1997, the Property includes amenities such as a business center, indoor pool, whirlpool, outdoor patio/terrace, fitness center, convenience store/sundry shop, and guest laundry room. The Property also features an on-site food and beverage area called the Bistro, which offers a breakfast buffet, espresso bar, and made-to-order hot items, as well as limited room service, dinner, and drinks in the evening at a la carte prices.