Success Stories

Client Need: Covid restrictions on rent collections and evictions coupled with increased operating expenses prompted our Client to seek repositioning his capital outside of California
Sold a 72-unit multifamily asset in Los Angeles, CA for $21M
- Retained 1031 accommodator
- Identified target acquisition property and performed due diligence on subject Property based on our Client’s preferences and risk tolerance
Purchased 296 unit multifamily property in San Antonio, TX for $32.65M
- Secured fixed-rate 10-year interest-only agency financing
- Conducted numerous interviews and obtained several quotes for local brokerage representation, property management team, and insurance
- Designed, planned, and currently executing an interior/exterior capital improvement plan exceeding $3M including the complete rebranding of the property
- Stabilization/capital improvements are underway, and scheduled for completion in 2023
- Executed a cost segregation analysis, accelerating at least $4M in Year 1 of depreciation expense for our client

Client Need: Decreasing ROE of existing asset due to rent restrictions and desire to reposition capital in a fully owned asset within living trust
Sold a 54-unit multifamily asset in Los Angeles, CA for $16.15M
- Exchanged Client’s 50% interest of the sale
- Retained 1031 accommodator
- Identified target acquisition property and performed due diligence on subject Property based on our Client’s preferences and risk tolerance
Purchased 56-unit multifamily asset in Hope Mills, NC for $8.5M
- Conducted interviews and retained local brokerage representation, property management team and insurance
- The acquired property was near turnkey with minor deferred maintenance
- Identified and designed rental increase program for existing tenants as well as capital improvement budget and plan to add additional amenities (including pet park and fitness center)

Client Need: Decision to proceed with a 1031 exchange at close of asset sale and needed identification of upleg properties within the identification window
Purchased a 15,330 SF industrial in North Las Vegas, NV for $2.8M
- Modeled several investment scenarios and identified client’s interest in net lease industrial and commercial assets
- Presented numerous fully underwritten investment options including multi and single tenant retail, quick service restaurant, and industrial assets
- Identified a NNN single tenant industrial building and preformed due diligence on tenant
- Facilitated all due diligence on the asset including inspections and environmental reports
- Negotiated sales price and facilitated and secured financing on client’s behalf

Client Need: Decision to proceed with a 1031 exchange at close of asset sale and needed identification of upleg properties within the identification window
Placed $11M investment into DST purchasing a 490,680 SF industrial asset in Tangent, OR for $61M
- Modeled several investment scenarios and identified client’s interest in net lease industrial and commercial assets
- Presented numerous fully underwritten investment options including multi and single tenant retail, quick service restaurant, and industrial assets
- Identified a multi-tenant industrial asset with strong tenants (some fortune 500) within the DST offerings and presented the tradeoffs of DST investments
- Facilitated due diligence on surrounding market, investment opportunity and the firm offering the DST investment

Collaborative