Properties

Premium Property Trust continues to source new opportunities consistent with our focus on prestigious properties in mixed-use locations.

Luxury Hotel at Patchwork Farms

Mixed-use and high-end boutique hotel under development with significant investment and development support from the city of Vestavia Hills featuring 30 luxury condominiums, a 129 unit hotel, and 15,000 square feet of retail.

Montevallo Cottages

Existing infrastructure development at over $2.4 million included storm water management, an on-site sewer system, roads, curbs and gutters, underground facilities, and 71 site-ready lots within a mile of a regional university for developing a student housing project.

1920 Huntington Road

The property is a free-standing building in Homewood, conveniently located off of Highway 31 and currently home to Skin Wellness, which has thrived and outgrown the location. The building is well-parked, with two parking lots and street parking totaling 30+ spaces, a rare find in Homewood. Near our property at 3040 Independence Drive that has immense past interest from medical users.

Expected IRR

15.2%

Structure

Equity

Total Size

$1,413,200

Status

Operating

3040 Independence Drive

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.

Expected IRR

14.6%

Structure

Equity

Total Size

$1,800,000

Status

Negotiating

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.

Expected IRR

12.5%

Structure

Equity

Total Size

$2,400,000

Status

Negotiating

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.

Expected IRR

11.0%

Structure

Equity

Total Size

$2,100,000

Status

Negotiating

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.

Expected IRR

12.7%

Structure

Equity

Total Size

$5,000,000

Status

Negotiating

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. 

Expected IRR

12.9%

Structure

Equity

Total Size

$2,800,000

Status

Negotiating