Our owner/operator roots allow us to deliver alpha one deal at a time by managing expectations effectively and efficiently. Reviewing more than 1,000 deals/month, our investments are highly selective and based on the ability to fulfill a sound business plan. Defined by a high intrinsic value to achieve the highest return on value, we invest in assets comprised of enduring and compelling character distinguished by quality construction, appealing design, flexible floor plans and efficient layouts.
We invest in dynamic markets in the North and South from New England to Florida with highly calculable transactional velocity. Typically, we favor markets that benefit from a diversified economy with strong infrastructure, constant demand drivers, and an educated workforce with demonstrable growth, sustainability, and resilience against any market cycle. We prefer multi-tenant investments where we can create the most value which minimizes risk and maximizes asset worth.
50Forty on 7th is a highly visible midrise office building with structured parking deck totaling 82,763 sq. ft. Strategically situated along the densely populated NW 7th Street corridor just south of the 250-acre Blue Lagoon Corporate Park, the Dolphin Expressway (SR 836) and Miami International Airport (MIA), this nine-story office building, which boasts 360-degree views of the “Magic City” was identified as a value-add property and acquired at 66.6% occupancy. After building and operational improvements, the marketing team leased the building up to 85% in less than two years and predicts 95% occupancy in the next 12 months increasing NOI by 40%.
An opportunistic, value-add investment Merrill Lynch Plaza is a 77,878 sq. ft. premier office campus located in affluent eastern Fort Lauderdale. The Property consists of a three-story, 18,000 sq. ft. office building (2611), 100% net-leased to Merrill Lynch and a 80.4% leased, six-story, fully renovated, multi-tenant office building (2601) totaling 60,000 sq. ft. Ownership executed a complex business plan by separating the properties and selling the 2611 building for $5,000,000. The 2601 property is now 96% leased and has grown NOI over 40%.
21-23 Center is an 81,000 square foot class “A” office building strategically located between Miami’s premier CBD and Coral Gables office markets. The building was acquired at 73% occupancy. The management team made building and operational improvements, re-marketed the property and now the asset is 97% occupied and successfully stabilized.
East Haven, CT
This highly desirable waterfront apartment complex on the shores of Long Island Sound in Southern Connecticut is located across the street from the popular Cosey public beach and within walking distance to beach area restaurants, making it a strong long-term asset with much upside. With new management and marketing in place, the team expects to raise revenue by least 40%.
Silver Oak Apartments is a 400-unit apartment complex situated on a 37-acre campus in suburban Atlanta. The property was acquired for $17,800,000 and was 95% occupied. At the time of acquisition, the property was operating with below-market in-place leases and significant under-realized potential in building operations, management and aesthetic. After a successful turnaround and repositioning, the property sold for $29,300,000 - an unprecedented $11,500,000 profit in less than 3 years.
Sheridan Center is a five-story 65,800 sq. ft. class “A" office and medical building centrally located in the heart of Miami Beach at the intersection of Arthur Godfrey Road and Sheridan Avenue. With easy access to Downtown Miami, South Beach and Mount Sinai Medical Center, the asset was substantially undervalued and purchased for $9,000,000. After implementing a successful six-year turnaround strategy, the building was leased to 95% and sold for $18,000,000 - a $9,000,000 profit.
HSBC Building located at 301 w 41ST, Miami Beach is a 33,140 sq. ft. six-story Class “B” office building. The asset was purchased for $15,000,000 with a 15-day closing. Netz recognized the under-realized upside value in the air rights of the property's adjacent parking lot. A successful leasing and business plan was executed and the asset sold 2.5 years after acquisition for $21,000,000 - a $6,000,000 profit.
The Merrill Lynch Plaza is a 77,878 sq. ft. premier office campus located in affluent eastern Fort Lauderdale. The Property consists of a three-story, 18,000 sq. ft. office building (2611), 100% net-leased to Merrill Lynch and a 80.4% leased, six-story, fully-renovated, multi-tenant office building (2601) totaling 60,000 sq. ft. An opportunistic value-add investment, ownership executed a complex business plan by separating the properties and selling off the 2611 building for $5,000,000. The 2601 property is now 96% leased and NOI has grown to more than 40%.