Syndicated Equities Sells Johns Hopkins Occupied Office Building

Syndicated Equities is pleased to announce the sale of the Johns Hopkins University Applied Physics Laboratory in Laurel, Maryland.

Syndicated acquired the property in January of 2011 in a joint venture with Middleton Partners, a Chicago-based real estate investment firm. During its ownership, Syndicated negotiated two long term lease renewals and made significant improvements to the building, including the installation of a new roof. The Property was successfully sold on July 18th to a Florida-based 1031 exchange investor. The investment produced an 8.02% internal rate of return (i.e., annualized rate of return) and an equity multiple equal to 1.95x. Matthew McCulloch, Managing Partner at Syndicated, noted “We are very pleased with the outcome of this investment for a core, office building purchased during the great recession. Investors received consistent cash flow distributions during the 11-year hold and the sale produced a profitable outcome.”

Syndicated Equities provides accredited investors and family offices with 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 $2 billion of total asset value.

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