For Sale/Debt/Equity Investments

We are currently offering the following Investments as well as others totaling over $500 Million:

UNITED STATES

Senior Housing – For sale:  Clinton Creek Assisted Living & Memory Care – Class A Project opened in 2019 and located in Metro Detroit, Michigan with 62 beds and 60 Units including AL and MC.  Asking price is $15M.  Offers are currently pending.  IRR 25%. 

NNN Leased Industrial – Seeking up to $50M in Joint Venture Equity for programmatic acquisitions for Class B Industrial properties in major markets throughout the country.  Long term leases with solid credit tenants and going in Cap Rates of 7%-8%, with annual rent increases of 2%.  All leases are NNN bondable including roof, structure and parking.  Once the portfolio reaches a critical mass, it will be sold at a premium to an Institutional Buyer.  IRR 20%.

Self-Storage – $16M Class development in Chicago, IL with 110,000 SF, including ground floor retail with 12,000 SF.  CubeSmart managed.  Joint Venture with existing landowner with $3M to $5M in Equity needed.  Bank financing and JV Contract are pending.   IRR 25%.

Mixed-Use Project – Consisting of a Marriott Aloft Hotel with 125 keys, an 82,000 SF Grocery Anchored Retail, and 300 Multifamily Units in Huntsville, AL, all new construction, seeking construction financing of $75M and Joint Venture Equity of $40M.  All market-rate, QOZ location.  IRR 20%. 

Retail –  Grocery anchored shopping center in Greenville, SC.  Sponsor is under contract to purchase and is seeking $3M of Joint Venture Equity to complete acquisition.  Additional investments with same sponsor available as add-ons.  Strong credits, 100% leased, all tenants fully paying.  Core-plus return.  IRR 15%.

Please contact us for other investment opportunities we are currently working on.

Recently Closed

Senior Housing – $40M Investment Sale:  Lakeshore Senior Living – Project was sold in September to a regional investment firm based in Michigan.  New Class A senior living property located in St. Clair Shores, Michigan with 138 Units including IL, AL and MC.

Apartments – $70M loan for 375 Units in Dallas, TX, Senior Bridge Loan and Mezz Debt to takeout existing cloan, refunded 100% of owner equity at 75% completion and 25% occupancy, L+360 all-in coupon, Class A midrise apartments in Los Colinas.

Hotel – $2.5M Investment Sale:  DeBary Inn – Project was sold in July, 2021, 16 Keys in Summit, NJ, purchased by a local Investor all cash.  One of the Sellers was Jim Cramer of Mad Money.

Hotel – Acquisition financing for a $15M La Quinta Inn & Suites, 130 Keys in Las Vegas, NV purchased by a Florida based regional investor, CMBS permanent financing, 70% LTV,  5% rate, 10 year term, 30 year amortization.

Hotel – Acquisition financing for a $5M Holiday Inn Express & Suites, 91 Keys in Meriden, CT purchased by a NJ based regional hotel investor, SBA permanent financing, 85% LTV, Prime + 225 bps (5.5%) adjusted quarterly, flexible prepay, 25 year term, 25 year amortization.

Retail – Financing for a $5M retail strip center in Las Vegas, NV owned by a High net worth investor.  Loan was a 10 year fixed rate CMBS loan with 30 year amortization at 5%, non-recourse, providing for over $3M in cash-out for sponsor.

Apartments – $22M loan for 180 Units in Fort Walton Beach, FL, Bank REO acquisition, Equity Syndication, Construction and Permanent Financing for $25M Class garden apartment project.  IRR 75%.

Apartments – 125 Units in downtown Minneapolis, MN, substantial-rehab, construction and permanent financing for $15M project.  IRR 12%.

To receive a details on these and other institutional investment opportunities, please contact us at 973-538-2138 or email us at [email protected].