Realized Investments

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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%

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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%

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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 Oak Apartments Atlanta

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%

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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%

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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%