Current Properties
Acquisition Date: June 23, 2016
Building Type: Office Multi-Tenant
Purchase Price: $7,100,000
Net Rentable Area: 82,434 SF
Occupancy at Close: 64.80%
Strategy: Extensive Lobby and Office Area Renovation, Complete Deferred Maintenance, Increase Rates up to Market.
Preston North
Dallas, TX
Acquisition Date: December 22, 2016
Building Type: Office Multi-Tenant
Purchase Price: $13,151,920
Net Rentable Area: 101,100 SF
Occupancy at Close: 82.40%
Strategy: Extensive Lobby and Office Area Renovation, Complete Deferred Maintenance, Increase Rates up to Market.
Parkway Commons
Dallas, TX
Acquisition Date: July 30, 2017
Building Type: Office Multi-Tenant
Purchase Price: $11,300,00
Net Rentable Area: 136,472 SF
Occupancy at Close: 83.00%
Strategy: Lobby Renovation, Offer Competitive TI Packages to Increase Occupancy and Rates.
One College Park
Indianapolis, IN
Acquisition Date: June 12, 2017
Building Type: Office
Purchase Price: $12,300,000
Net Rentable Area: 199,571 SF
Occupancy at Close: 0.00%
Strategy: Construct New Lobby Addition, Complete Extensive Interior and Exterior Renovation.
Proximity Park
Charlotte, NC
Acquisition Date: February 26, 2018
Building Type: Office Multi-Tenant
Purchase Price: $35,000,000
Net Rentable Area: 110,715 SF
Occupancy at Close: 100.00%
Strategy: Reduce Debt, Return Investor Cash, Prepare for Lease Renewal.
NWA Auto
Northwest AR
Acquisition Date: March 4, 2018
Building Type: Office Multi-Tenant
Purchase Price: $16,206, 200
Net Rentable Area: 180,637 SF
Occupancy at Close: 86.00%
Strategy: Lobby Renovation, Offer Competitive TI Packages to Increase Occupancy and Rates.
College Park Plaza
Indianapolis, IN
Acquisition Date: November 4, 2019
Building Type: Office Multi-Tenant
Purchase Price: $6,100,000
Net Rentable Area: 138,636 SF
Occupancy at Close: 21.1%
Strategy: Lobby Renovation, Parking Repair, Common Area Renovation, Elevator Upgrades, HVAC Upgrade.
Crosspoint Plaza
Indianapolis, IN
Acquisition Date: September 7, 2018
Building Type: Office Multi-Tenant
Purchase Price: $17,800,000
Net Rentable Area: 192,854 SF
Occupancy at Close: 78.00%
Strategy: Lobby Renovation, Elevator Upgrades, Offer Competitive TI Packages to Increase Occupancy and Rates.
Offices at Polaris
Columbus, OH
Acquisition Date: December 31, 2020
Building Type: Industrial
Purchase Price: $22,600,000
Net Rentable Area: 465,591 SF
Occupancy at Close: 80%
Strategy: Value Add on One Property, Long-term Sale Leasebacks on Three Properties.
Portfolio 2
4 Properties
Acquisition Date: December 20, 2019
Building Types: Industrial
Purchase Price: $14,470,000
Net Rentable Area: 271,976 SF
Occupancy at Close: 80.00%
Strategy: Value Add on One Property, Long-term Sale Leasebacks on Three Properties.
Portfolio 1
4 Properties
Acquisition Date: May 10, 2022
Building Type: Industrial
Purchase Price: $48,410,000
Net Rentable Area: 138,636 SF
Occupancy at Close: 100%
Strategy: Long-term Sale Leasebacks.
Portfolio 4
10 Properties
Acquisition Date: December 1, 2021
Building Type: Industrial
Purchase Price: $29,000,000
Net Rentable Area: 520,938 SF
Occupancy at Close: 100.00%
Strategy: Long-term Sale Leasebacks.
Portfolio 3
4 Properties
Acquisition Date: June, 1, 2022
Building Type: Industrial
Purchase Price: $39,230,000
Net Rentable Area: 458,297 SF
Occupancy at Close: 100%
Strategy: Owner/Operator Sale-Leaseback.
WW Williams
Portland, TN
Acquisition Date: January 17, 2020
Building Type: Industrial
Purchase Price: $6,000,000 *Sold Dec 2021
Net Rentable Area: 148,040 SF
Occupancy at Close: 100.00%
Strategy: Owner/Operator Sale-Leaseback.
Cathedral
Anderson, SC
Acquisition Date: December 29, 2020
Building Type: Industrial
Purchase Price: $16,915,000
Net Rentable Area: 191,678 SF
Occupancy at Close: 100.00%
Strategy: Two separate buildings leased to a single tenant for 15 years NNN, Reduce Debt, Return Investor Cash, Prepare for Lease Renewal.
Tempus AEV
Detroit, MI (MSA)
Acquisition Date: July 9, 2021
Building Type: Industrial
Purchase Price: $42,140,640
Net Rentable Area: 784,608 SF
Occupancy at Close: 100.00%
Strategy: Nine separate buildings leased to for 15-20 years NNN, Reduce Debt, Return Investor Cash, Prepare for Lease Renewal.
Tempus Grand
Rapids Michigan
Acquisition Date: October 1, 2021
Building Type: Multi-Tenant Office
Purchase Price: $23,460,000
Net Rentable Area: 137,730 SF
Occupancy at Close: 70.00%
Strategy: Exterior Refresh, Aggressively Market the Vacancy and Offer Competitive Tenant Package to Lease the Remaining Vacancy.
Tempus Tempe
Phoenix, AZ
Acquisition Date: December 20, 2021
Building Type: Industrial
Purchase Price: $83,500,000
Net Rentable Area: 610,120 SF
Occupancy at Close: 100.00%
Strategy: Three separate buildings leased for 15 years NNN, Reduce Debt, Return Investor Cash, Prepare for Lease Renewal.
Tempus USF Detroit,
MI & Jackson, TN
Acquisition Date: February 18, 2022
Building Type: Office
Purchase Price: $28,686,600
Net Rentable Area: 142,165 SF
Occupancy at Close: 100.00%
Strategy: Sale-Leaseback and Perform Demolition/CapEx.
Shutterfly
Minneapolis, MN
Acquisition Date: November 11, 2021
Building Type: Office
Purchase Price: $6,700,000
Net Rentable Area: 126,897 SF
Occupancy at Close: 0.00%
Strategy: Perform Needed CapEx and Offer Aggressive Leasing Packages to Attract Tenants.
Huntington
Columbus, OH
Acquisition Date: July 19, 2022
Building Type: Office
Purchase Price: $65,000,000
Net Rentable Area: 148,201 SF
Occupancy at Close: 100.00%
Strategy: Sale-Leaseback.
Uber Freight
Rogers, AR
Acquisition Date: January 24, 2023
Building Type: Industrial
Purchase Price: $72,000,000
Net Rentable Area: 530,000 SF
Occupancy at Close: 0.00%
Strategy: Development project with long-term net lease with predictable and growing cash-on-cash returns.
Westrock
Conway, AR
Acquisition Date: November 1, 2022
Building Type: Office
Purchase Price: $42,000,000
Net Rentable Area: 236,070 SF
Occupancy at Close: 100.00%
Strategy: Sale-Leaseback with a 5-10 year hold depending on market conditions.