• Acquired a 125,704 sqft shopping center in Pembroke Pines, FL.
• Property had severe deferred maintenance, and 15% vacancy.
• Leased up vacant space at market rents.
• Purchased property in 2014 for $12.5MM plus closing costs, property sold in 2017 for $21.25MM.
• Acquired a 3.5 Acre land with 99-Year Land Lease from Macy’s with an option to purchase at anytime at a pre-negotiated price in 2013.
• Opportunity to purchase land for $3.73MM (appraised for $5MM in 2015) and build store for $6.27MM
• Leased the property to Hobby Lobby on a long term NNN lease.
• Property located on the NE corner of NE 103rd St. (W 49th St), and 19th Ave. in Hialeah, FL.
Arena Shops I
• Acquired a 126,051 sqft vacant Wal-Mart building in North Lauderdale, FL.
• Property vacant with no deferred maintenance.
• Leased spaces to Ross Dress For Less, Elegant Beauty Supply, Dollar Tree, Rainbow, Cr8tive Outfitters, and You-Fit, all which are national tenants.
• All Tenants are open for business and doing well.