Category: Recommended

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

Highland Park, IL

McGovern House

Investment type

Value Add

Asset Class

Multifamily

Ownership Structure

Delaware Statutory Trust (DST)

Year Acquired

2021

Investment Summary

McGovern House is a luxury, Class A, 73-unit midrise apartment building located in Highland Park, an affluent suburb of Chicago known for its luxury homes, lively downtown, beautiful parks, and proximity to Lake Michigan.

The six-story Property was originally built in 2017 and features 114 parking spaces spread amongst garage spaces, single carports and tandem carports. Building amenities include a fitness center, a secure package room, a roof deck, an outdoor park and BBQ area, bike storage, and storage units.

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

Property details

glenview, il

Fertility Centers of Illinois

Investment type

Net Lease

Asset Class

Medical

Ownership Structure

Delaware Statutory Trust (DST)

Year Acquired

2021

Investment Summary

The property consists of a 30,264 square-foot clinical medical office and corporate headquarters located on 2.6 acres at 2555 Patriot Boulevard in Glenview, Illinois. The property is leased to and occupied by Fertility Centers of Illinois (FCI).

Originally constructed in 2018, the Property was built pursuant to FCI specifications. The site was chosen by FCI as a relocation of its headquarters due to its central location amongst the other FCI clinics operating in the surrounding Chicagoland area.

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

Property details

pasadena, texas

Flowserve

Investment type

Net Lease

Asset Class

Industrial

Ownership Structure

Delaware Statutory Trust (DST)

Year Acquired

2020

Investment Summary

The Property consists of a 110,102 square foot, two-story, light manufacturing building situated on an 8.1-acre parcel at 4015 Flowserve Way in Pasadena (Houston), Texas. Originally constructed in 2016, the Property was built pursuant to Flowserve’s specifications and houses its pumps manufacturing and servicing sector.

The Property contains 85,580 square feet of shop/manufacturing space, and two floors of office space that comprise the remaining approximately 23% of the total square footage. The building is 100% climate-controlled and features a 35’9” clear height, a manufacturing area, and grade-level loading capability. The manufacturing floor includes stations for hydro-cleaning and sand blasting machinery sent in for repair, a painting booth, a clean room for dust and particle control, a training area, stations for specialized calibration and repair, and a 30 foot pit with hydraulic lifts to enable Flowserve technicians to work on large equipment in a vertical position.

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

Property details

Chicago, illinois

Poetry Garage

Investment type

Value Add

Asset Class

Parking

Ownership Structure

Tenancy-In-Common (TIC)

Year Acquired

2002

Investment Summary

Located at the southwest corner of Madison and Wells Street in the Loop, the 385,310 square foot garage includes 1,165 parking spaces and 19,006 of ground floor retail. Syndicated acquired the property alongside Hammerschlag, one of the premiere parking operators in Chicago.

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