Champions Gate
Orlando, FL
This is one of two land development projects we have with our operating partner DDC Management. The Champions Gate land is well located along Interstate 4 in Champions Gate, metro Orlando Florida. We entitled the project to develop 420 multifamily units for sale to a national homebuilder, and our final entitlements were received in Q2 2020 with lots on the ground for sale by Q3 2020. Upon final entitlements, we partnered with both an institutional private equity firm as well as an institutional lender to develop the project.
Ford Plot
Orlando, FL
This is one of two land development projects we have with our operating partner DDC Management. The Ford Plot is well located along Interstate 4 in Deland, metro Orlando Florida. We are currently entitling the project to develop 440 residential lots for sale to national homebuilders, and our final entitlements are expected to be received in Q2 2020 with lots on the ground for sale by year-end 2020. Upon final entitlements, we will likely partner with both an institutional private equity firm as well as institutional lender for developing the project.
Del Monte
St. Louis, MO
Del Monte is a 60,000 sq.ft. historic mixed-use building located near Forest Park and the Central West End in St. Louis, MO. The building is located close to Washington University and major employment centers such as BJC Healthcare, Boeing, etc. Our operating partner is Oliver Properties; as of September 30, 2020, our preferred equity investment was returned and our ending gross IRR was 15% over a 12.86 month investment period. Our investment enabled a complete internal remodel of the apartment building; prior to remodel Del Monte apartments were 85% leased, and now the property is 100% leased and occupied.
Eastlake at Tillery
Austin, TX
Eastlake is a 172,000 office development in the rapidly growing Austin market. With our equity sponsor CREA, along with development partner Greenbelt Commercial, we have invested at the GP level in an exciting new development that broke ground in Q4 2019 and delivered in Q1 2021. Boasting a vibrant combination of Class A office, retail and mixed-use developments, the East submarket features a significant opportunity to expand the office market beyond downtown.
Park 100
Indianapolis, IN
Park 100 is a 425,000 sf Class A industrial building located along I-465 in the Northwest Indianapolis submarket. The property is in close proximity to downtown Indianapolis, Indianapolis International Airport, and surrounding areas. Park 100 was master-planned by Duke Realty with 35-40 million square feet of industrial space with a current occupancy of 98% and no proper vacant land for future developments. The property was purchased in partnership with Sansone Group and other institutional partners and lenders and is a value-add lease-up strategy.