SYNDICATED EQUITIES GROUP
350 N LASALLE STREET, SUITE 800
CHICAGO, IL 60654
FOR: Syndicated Equities Group
CONTACT: Anika Allen
FOR IMMEDIATE RELEASE: Syndicated Equities acquires property leased to Intermediate School District #917 (9015 Broderick Blvd., Inver Grove Heights, MN)
(Chicago, February 28, 2019) Chicago-based Syndicated Equities Group, a commercial real estate investment firm, recently completed its acquisition of the Concord Education Center, a 56,202 square foot public school facility located at 9015 Broderick Boulevard in Inver Grove Heights, Minnesota.
The property is 100% leased to Intermediate School District #917 (Moody’s: A2), an “overlay” district that receives funding from and provides services to nine independent school districts in the Twin Cities area. Intermediate School District #917 was established in the 1970’s with a focus on special education, alternative learning, and career and technical training. Annually, over 1,900 students receive full- or part-time education through Intermediate School District #917, which employs more than 300 education professionals throughout 25 facilities. The Concord Education Center just opened this school year with a new 15-year, net lease with 1.5% annual rent increases.
Syndicated Equities acquired the property outright and structured the acquisition to accommodate investors completing tax-deferred 1031 exchanges along with accredited cash investors. Financing was provided by Wintrust Bank out of Chicago.
Syndicated Equities provides individuals with access to institutional quality, commercial real estate investments. Since 1986, the firm has developed an expertise in
co-investment ownership, net-lease brokerage services, global real estate opportunity funds, and more
recently, qualified opportunity zones. To date, Syndicated Equities has made over 100
investments representing over $500 million of equity and $4 billion of total asset value.
For more information call (312) 640-9020 or 1-888-SEC-1031.
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