The Premium Portfolio
1920 Huntington Road
Newly renovated medical office located in a prime area one block from major roadway. Custom design provided stability by ensuring that all current and future needs of the tenant could be met. Long term tenant has been signed and is occupying the property.
| Unleveraged IRR | ~8.0% |
| Structure | Equity |
| Total Size | $2,250,000 |
| Status | Operating |
2081 Columbiana Road
2081 Columbiana Road is a 12,000 square foot office building located in the heart of Vestavia, AL. The property has great visibility from Columbiana Road, Which has 20,000 VPD. The space is currently leased to WORX BHM, LLC. The space features 27 private offices available for lease, shared common areas, and a ground level expansion that nearly doubled the square footage.
| Unleveraged IRR | ~8.0% |
| Structure | Equity |
| Total Size | $4,400,000 |
| Status | Operating |
4213 Dolly Ridge Road
Premiere location in one of the most highly trafficked areas of Birmingham. Newly renovated and currently generating stable income as medical office space, Long term tenant signed and currently occupying the property.
| Unleveraged IRR | ~8.0% |
| Structure | Equity |
| Total Size | $1,200,000 |
| Status | Operating |
3040 Independence Dr.
With a recognition that the location directly on Highway 31 was prime, our design team merged two smaller shot-gun bays into one and created a luxury operations headquarters that could appeal to many businesses. The redevelopment exceeded financial goals by capturing a 5X greater return on lease rates following construction updates.
| Unleveraged IRR | ~8.6% |
| Structure | Equity |
| Total Size | $2,100,000 |
| Status | Operating |
2601 Highland Avenue S
We discovered this property and quickly assessed its potential value from a strategic location in a growth district and adjacent to high-end demographics. The redevelopment strategy increased the usable square footage of the property by over 4,000 square feet, creating an exterior courtyard and daylighting a previously subterranean area of the building.
| Unleveraged IRR | ~9.0% |
| Structure | Equity |
| Total Size | $5,255,000 |
| Status | Operating |
324 Commons Drive
Adjacent to a $40M redevelopment project was this 15,000 square foot build which sat vacant and was on the market for half of its original development costs. With our integrated team, we were able to redevelop this property in conjunction with the adjacent redevelopment and see our valuation triple within two years.
| Unleveraged IRR | ~8.9% |
| Structure | Equity |
| Total Size | $4,900,000 |
| Status | Operating |
2913/2915 Linden Avenue
This was a dilapidated structure set one block from a sought-after location, generating the highest lease rates in Alabama. Recognizing the value of proximity, our acquisition and assessment team engaged the design team and quickly rendered a schematic concept which included an accentuated visual and physical connection to Main Street.
| Unleveraged IRR | ~6.9% |
| Structure | Equity |
| Total Size | $4,700,000 |
| Status | Operating |