September 28, 2018 equity1000

Previous Projects

The following are a few select examples of previous projects and properties successfully syndicated and managed over the years that illustrates the various asset classes, industries, & sizes of deals we love to work on. Feel free to reach out anytime to discuss more details of the following projects or to hear about our other past and current deals. Majority of the following information is rounded off to the nearest whole number or dollar and exact figures may vary slightly.

Single Story Class 'A' Apartment Complex Development:

  • Total Number of Units = 150
  • Total Development Cost = $20 million
  • Stabilized Annual NOI = $1.875 million
  • Capital Reduction/Savings = $750k 
  • Stabilized Valuation = $34 million (5.5% CAP)

 

Underperforming Retail Neighborhood Center:

  • Rentable Sqft = 50,000
  • Acquisition Price = $7.75 million (reduced from $9.5 million asking with our thorough due diligence & forensic property assessment)
  • Value-add & Tenant Improvements = $550k
  • Occupancy = 60% when acquired ; 98% within 18 months stabilized
  • Stabilized Annual NOI = $1 million
  • Stabilized Property Valuation = $14 million within 18 months

 

Land Assemblage & Eminent Domain with First Digital Billboard in AZ:

  • Total Land Acquired = 3 acres along I-17 highway
  • Land Acquisition Price = $2.6 million
  • Sales Price (2 parcels) = $3 million
  • Digital Billboard Revenue = $540k (over 4 years)
  • Digital Billboard Sales Price = $675k

 

National Retail Franchise Portfolio Turnaround & Sale:

  • Portfolio Size = 50+ retail pad locations across the U.S.
  • Client's Goal = prepare for sale with a target of $110 million
  • Cycle Time for Turnaround = 9 months 
  • Annual Revenue Increase = $3 million 
  • Projected Annual Savings = $1.5 million
  • Portfolio Value Stabilized = $145 million
  • Portfolio Sale Price = $135 million

 

Nonperforming REO Asset Purchase & Retrofit:

  • Rentable Sqft = 8,600
  • Acquisition Price = $215,000 (REO asset)
  • Out-of-Pocket Improvements = $20,000
  • Sale Price = $745,000
  • Ancillary Information: conducted an energy forensic audit for the entire 50,000 sqft property that lead to the association implementing an energy conservation retrofit that provided new HVACs, solar, thermostats, insulation, etc. to all building owners without requiring owners to capitalize the improvements or significant increase in association dues.