Category: Asset Class

Property details

Monroeville, Pennsylvania

Miracle Mile Shopping Center

Investment type

Value Add

Asset Class

Retail

Ownership Structure

Joint Venture

Year Acquired

2017

Investment Summary

Syndicated invested alongside M&J Wilkow in the acquisition of Miracle Mile, 298,694 square feet, regional shopping center. Situated on 29.46 acres, the Property was originally developed in 1954 but underwent major renovations in 2006.

The Property is accessible via William Penn Highway (US Business Route 22) which, at the nearest intersection less than half a mile away, has average daily traffic counts of approximately 19,500 vehicles.

Property details

Columbus, OHio

Mars Petcare Cold Storage Facility

Investment type

Net Lease

Asset Class

Industrial

Ownership Structure

Tenancy-In-Common (TIC)

Year Acquired

2017

Investment Summary

The property consists of a 465,256 square foot freezer/cold storage warehouse facility leased to Mars Petcare.

Mars is the world’s leading manufacturer of dry and soft pet food, soft treats, and dog biscuits. The property was originally developed in 1968 as a warehouse and distribution facility but underwent an extensive renovation in 2016 and 2017 into a food grade facility in accordance with Mars Petcare’s specifications. Renovations included the construction of a 168,245 square foot state-of-the-art Freon-based freezer facility, a substantial LED lighting system, and the latest technology in commercial food-grade equipment.

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

Property details

Bloomington, Minnesota

Hilton Garden Inn – Bloomington

Investment type

Value Add

Asset Class

Hotel

Ownership Structure

Joint Venture

Year Acquired

2017

Investment Summary

Syndicated invested alongside First Hospitality Group (FHG) in the acquisition of a Hilton Garden Inn located in Bloomington, Minnesota.

The property, which was originally built in 1999 as a Holiday Inn Express, underwent a significant renovation and conversion in 2016 which included upgrades to the guest rooms, public space, and exterior.

Property details

San Leandro, California

Hilton Garden Inn – San Leandro

Investment type

Value Add

Asset Class

Hotel

Ownership Structure

Joint Venture

Year Acquired

2017

Investment Summary

Syndicated invested alongside Arbor Lodging Partners in a four-story Hilton Garden Inn in San Leandro, California.

Originally developed in 2002, The 119-room hotel includes amenities such as an outdoor patio/terrace, 24-hour pavilion pantry, business center, meeting rooms, guest laundry, fitness center, indoor pool, den, and complimentary parking

Property details

West Des Moines, Iowa

Marriott Courtyard – West Des Moines

Investment type

Value Add

Asset Class

Hotel

Ownership Structure

Joint Venture

Year Acquired

2017

Investment Summary

Syndicated invested alongside Arbor Lodging Partners in a four-story, 102 room Marriott Courtyard hotel strategically located between Jordan Creek Town Center, the largest shopping complex in the state, and the Wells Fargo West Des Moines Campus, a regional headquarters.