Track Record

 

Dove Valley, Denver Merto Area, Colorado - USA

 

     

Underwriting vs Actual

 

Underwriting

Actual

Investment Period  

36 months

30 months

Annual IRR1

11.5%

14.9%

Total Return1

38.5%

35.8%

 

 Description

10.8 Acres of land was acquired in October 2017. Development of 150,000 sqf net built-up area was completed in December 2018. Project was sold in February 2020     

 


Conyers,  Atlanta Metro Area, Georgia – USA

 

 

Underwriting vs Actual

 

Underwriting

Actual

Investment Period  

36 months

29 months

Annual IRR1

11.2%

24.3%

Total Return1

37.5%

60.2%

 

Description

16 Acres of land was acquired in August 2019. Development of 216,000 sqf net built-up area was completed in December 2020. Project was sold in December 2021.

 



Dove Valley II, Denver Metro Area, Colorado – USA

 

 

Underwriting vs Actual

 

Underwriting

Actual

Investment Period  

36 months

19 months

Annual IRR1

11.3%

21.8%

Total Return1

38.1%

28.3%

 

Description

12 Acres of land was acquired in October 2019. Development of 151,000 sqf net built-up area was completed in January 2021. Project was sold in February 2021.

 

 



Airpark,  Nashiville, Tennessee – USA

 

 

Underwriting vs Actual

 

Underwriting

Actual

Investment Period  

36 months

19 months

Annual IRR1

12.4%

22.4%

Total Return1

42.1%

22.1%

 

Description

12 Acres of land was acquired in March 2021. Development of 135,000 sqf net built-up area was completed in February 2022. Project was sold in April 2022.

1Returns mentioned above are post-tax.