Two adjacent industrial buildings totaling 81,000 sf on 7.9 acres in the Collington Industrial Park Highly functional buildings with above-market clear heights, outdoor storage area and parking Acquisition basis is a significant discount to replacement cost Opportunity to upgrade the appearance and functionality of the property and to lease vacant space in a tightening submarket
Off-market purchase of an 8.2-acre industrial-zoned site in Woodbridge, VA Site is adjacent to US Route 1, with direct access to three I-95 interchanges The existing vacant improvements will be torn down to make way for a 113,000 sf Class A distribution facility “By Right” development opportunity allows for speed to market in an accelerating
103,000 sf, Class A industrial building Purchased at discount to replacement cost Infill, inside-the-beltway location 40% leased long-term to credit tenant Upgrade property and lease vacant space in tightening submarket
Value-Add Hotel – Cash flowing asset with multiple repositioning alternatives
Developing 160,000 sf, Class A industrial property
Infill, last-mile location responding to e-commerce demand
Plan to lease the building to tenants looking for modern, efficient space
Construction start: Q1 2020
126,000 sf office condo (1st floor retail, plus floors 10-14)
Improving neighborhood with proximity to Metro and 250,000 sf of retail amenities delivering in 2021
96% leased with high interim cash flow
Lobby renovation and conference lounge addition
270,000 sf, Class A, Metro-proximate office building in need of updating
Repositioning includes new entrance, new lobby, and curated amenities (conference, fitness, lounge, integrated retail)
Plan to reintroduce the property in 2020, competing at the top end of the leasing market
Strategic investment in residential land which is being purchased, entitled and developed into lots
Current portfolio consists of approximately 1000 lots, 450 of which have been sold
Institutional backing by large state pension plan provides capital war chest to acquire under-valued sites
Focused on infill locations within suburban communities proximate to major transportation corridors
Purchased from two different special servicers, two four-story, 101,000 sf Class A office buildings, located in the Route 28 North office market
Assets were repositioned through interior renovations and the addition of new building amenities
Buildings currently being leased
219,235 sf, LEED Gold, Class A office building in the Dulles Corner office park
Asset repositioned through an interior renovation, the addition of new building amenities, and significant lease extensions and new leasing
Upon stabilization the 96% leased property was sold to an overseas buyer