Success Stories

MINNEAPOLIS URBAN LOGISTICS PORTFOLIO
838,193 SF office/warehouse
Value Add, Joint Venture, Recapitalization
Currently own property

Value add programmatic Joint Venture to build a Class B low finish office/warehouse portfolio. From 2014 – 2018 in five different (2 on market and 3 off market) acquisitions and 11 buildings totaling 838,193 square feet. Value was created with lease up, interior/exterior improvements, rent appreciation and repositioning. 

This JV yielded a property level IRR of 38% and a multiple of over 2.00x in 40 months of ownership.

Business plan execution like Minneapolis Urban Logistics portfolio exemplify our ability to create value via our broker relationships and deliver substantial results for investors.  

INDUSTRIAL
LOW FINISH
122,331 SF office/warehouse
Local Cash Flow Syndication  
Currently  own property

Local syndication acquisition of small bay low finish office / warehouse buildings totaling 122,331 SF.  In 2014 these buildings, with 18 tenants, were put under contract at 94% occupancy. A tenant was secured during due diligence to close at 100% full.  Northcrest has remained 100% occupied since 2014.


The long term cash flow ownership structure has benefitted from uninterrupted monthly distributions, 17% increase in NOI and unrealized market value of more than 30% appreciation


This is an example of our ability to find great real estate, attract stable tenants, retain those tenants and grow undervalued rents.

MINNEAPOLIS FLEX
254,500 SF
Value Add, Joint Venture
Currently own property.

Value add Joint Venture to reposition a 5-building flex portfolio with a tech focus.

 

We acquired this portfolio in 2017. This portfolio was 60% occupied at close and we are currently working to reposition in the market and attract tech-focused tenants with new amenities and offerings.‚Äč