case studies

Newington

475 Willard Avenue
Newington, CT
Property Type:
Warehouse
Square Feet:
614,600
Purchase Date:
Q2 2016
Date Sold:
Q2 2022
Purchase Price:
$22,414,743
Sold For:
$37,600,000
IRR:
19.07%

Chagrin Highlands

2000 & 3000 Auburn Drive
Beachwood, OH
Property Type:
Office
Square Feet:
224,988
Purchase Date:
Q2 2017
Date Sold:
Q1 2022
Purchase Price:
$25,000,000
Sold For:
$39,000,000
IRR:
24%

21 Fadem

21 Fadem Road
Springfield, NJ
Property Type:
Office / Flex
Square Feet:
122,260
Purchase Date:
Q4 2016
Date Sold:
Q1 2020
Purchase Price:
$12,000,000
Sold For:
$16,650,000
IRR:
25.60%

860 Centennial

860 Centennial Avenue
Piscataway, NJ
Property Type:
Office / Flex
Square Feet:
64,800
Purchase Date:
Q4 2015
Date Sold:
Q1 2018
Purchase Price:
$10,000,000
Sold For:
$15,000,000
IRR:
114%

L & C Tower

401 Church Street
Nashville, TN
Property Type:
Office
Square Feet:
389,700
Purchase Date:
Q3 2014
Date Sold:
Q3 2015
Purchase Price:
$24,050,000
Sold For:
$29,750,000
IRR:
55.70%

41 Spring

41 Spring Street
New Providence, NJ
Property Type:
Office
Square Feet:
171,216
Acquisition Date:
Q4 2018
Refinance Date:
Q2 2022
Purchase Price:
$23,000,000
Original Equity:
$10,055,507
Equity Repatriated:
$4,022,202

1000 Lafayette

1000 Lafayette Boulevard
Bridgeport, CT
Property Type:
Office
Square Feet:
214,488
Acquisition Date:
Q1 2016
Refinance Date:
Q3 2020
Purchase Price:
$26,716,389
Original Equity:
$9,500,000
Equity Repatriated:
$3,000,000

Central Parke

4600/4650 Montgomery Road
Cincinnati, OH
Property Type:
Office
Square Feet:
252,198
Acquisition Date:
Q4 2017
Refinance Date:
Q2 2019
Purchase Price:
$23,000,000
Original Equity:
$7,150,000
Equity Repatriated:
$3,550,500

University Office Plaza

360-263 Chapman Road
Newark, DE
Property Type:
Office
Square Feet:
184,065
Acquisition Date:
Q3 2015
Refinance Date:
Q4 2018
Purchase Price:
$15,000,000
Original Equity:
$5,650,000
Equity Repatriated:
$4,520,000

White Clay Business Park

100-700 White Clay Center Drive
Newark, DE
Property Type:
Office
Square Feet:
492,297
Acquisition Date:
Q4 2015 - Q2 2016
Refinance Date:
Q4 2018
Purchase Price:
$32,650,000
Original Equity:
$8,725,000
Equity Repatriated:
$6,980,000

Jersey Portfolio

New Providence, Piscataway & Bloomfield, NJ
Property Type:
Office
Square Feet:
637,617
Acquisition Date:
Q4 2013 - Q4 2017
Refinance Date:
Q3 2018
Purchase Price:
$113,050,000
Original Equity:
$26,250,000
Equity Repatriated:
$11,000,000