Realized Investments
50Forty
Miami
5040 NW 7th Street, Miami FL 33126
82,500 Square Foot Class “A” Office Building
Date Acquired: October 2017
Acquisition Price: $ 10,900,000
Disposition: December 2020
Disposition Price: $14,500,000
Investment Hold Period: 38 months
IRR for Hold: 25%
Sheridan Center
Miami
Sheridan Center
400 W 41st Street, Miami Beach, FL 33140
68,000 Square Foot Class “A” Office Building in Miami Beach FL
Date Acquired: April 2011
Acquisition Price: $9,500,000
Disposition: February 2017
Disposition Price: $17,850,000
Investment Hold Period: 61 months
IRR for Hold: 40.44%
Merrill Lynch Plaza
Fort Lauderdale
Merrill Lynch Plaza
2611 and 2601 East Oakland BLVD, Fort Lauderdale, FL 33306
Two Properties totaling 82,727 Class “A” Office
Acquired Two Office Properties Leased up and subdivided and sold separately
Date Acquired: May 2015
Acquisition Price: $13,775,000
Disposition: August 2019
Disposition Price: $16,750,000
Investment Hold Period: 55 months
IRR for Hold period: 15.50%
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HSBC Office Center
Miami
HSBC Office Center
301 Arthur Godfrey RD. Miami Beach, FL 33140
37,000 Square Foot Class “B” Office tower
Netz purchased out of bankruptcy and closed in 15 days
Date Acquired: April 2013
Acquisition Price: $15,000,000
Disposition: July 2015
Disposition Price: $21,000,000
Investment Hold Period: 26 months
IRR for Hold period: 33.40%
Silver Oaks
Atlanta
Silver Oaks Apartments
1281 Brockett Rd, Clarkston GA 30021 (Atlanta Suburb)
406 Apartment Units
Date Acquired: February 2015
Acquisition Price: $17,800,000
Capex: $1,500,000
Disposition Date: December 2018
Disposition Price: $29,300,000
Investment Hold Period: 46 months
IRR for Hold period: 40%
Avondale Forest Apartments
Atlanta
Avondale Forest Apartments
3330 Mountain Drive, Decatur, Georgia (Atlanta Suburb)
Date Acquired: February 2017
Acquisition Price: $13,900,000
Capex: $0
Disposition Date: June 2017
Disposition Price: $19,250,000
Investment Hold Period: 5 months
IRR for Hold period: 100%
Balfour Chamblee Apartments
Atlanta
Balfour Chamblee Apartments
41 Clairview DR, Chamblee GA 30341 (Atlanta Suburb)
Date Acquired: May 2019
Acquisition Price: $ 10,500,000
Capex: $1,200,000
Disposition Date: April 2022
Disposition Price: $21,000,000
Investment Hold Period: 35 months
IRR Hold: 85%