Track Record
Dove Valley, Denver Merto Area, Colorado - USA
|
Underwriting vs Actual |
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|
|
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 |
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|
|
Underwriting |
Actual |
|
Investment Period |
36 months |
29 months |
|
Annual IRR1 |
11.2% |
24.3% |
|
Total Return1 |
37.5% |
60.2% |
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 |
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|
|
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 |
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|
|
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.