1617 W BERRY ST

• Fort Worth, TX •

We purchased this 4,873 Square Foot center located near TCU in February 2017, it had been inherited by two siblings and was very undermanaged. Within eight months we were able to lease a vacancy and renew all existing tenants with rents going from single digit to upper teens. The property is operating at a return well above pro-forma.

1500 N STORY RD

• IRVING, TX •

With effective rents in mid-single digits, this 19,650 square foot shopping center was 92%leased but not anywhere near its potential. We purchased the property from its long term owners in November 2018 and subsequently completed a full exterior renovation. We have been able to replace legacy tenants with new restaurants and retailer at close to 2.5 times the former rents.

1350 NW HWY

• GARLAND, TX •

A 19,500 square foot shopping center which was at the time of our purchase only 31%occupied. The seller had owned the property since the early 90’s and was satisfied with his long term lease with On The Border as his only tenant. Since purchasing the property in August 2018 we have completely renovated the exterior and have been able to bring occupancy to 90%. The property is achieving a high teen cash on cash return.

10801 GARLAND RD

• DALLAS, TX •

We purchased this 7,000 square foot building from the longtime owner/operator of a used bookstore. We recently leased the entire building to Modern Daycare who opened in the fall of 2018. We sold the property in the spring of 2019 and were able to return a 1.84 equity multiple (after promote) in 30 months.

10915 GARLAND RD

• Dallas, TX •

This 5,000 square foot building was operated by its owner as a vacuum cleaner repair store for over 25 years, it had been closed for several years when we contracted to purchase it in late 2017. While under contract we were able to negotiate a lease with a Liberated Montessori School and after a complete remodel they are operating very successfully. We sold this property in September of 2019 and were able to return a 2.40 equity multiple (after promote) in 21 months.

GASTON & HASKELL

• Dallas, TX •

Finding 37,000 square feet of buildings on 3.6 acres of land – in an area originally developed in the early 1900’s – can be quite a challenge. The property was dilapidated and encumbered by a significant environmental problem caused by a dry cleaner. We worked with the owner to develop an environmental cleanup plan, which took place prior to the purchase. Prior to closing we were able to lease the formerly vacant anchor and lease the former dry cleaner site to Capital One Bank. We worked closely with a very active neighborhood group and city leaders to garner support for the redevelopment and created a valuable asset for the community.

THE RESULT

We subsequently sold the project at a 2.00+multiple to our equity.

RAVENSWOOD CROSSING

• Huntsville, TX •

When we went to Huntsville to look for a site to build for a small pad user we found a far greater opportunity, a large site available directly between a Target and Kroger power center and a Wal-Mart Supercenter. We were able to be 100% leased to Spec’s Liquor, Chipotle, BWW, and Mattress-1 prior to the land purchase, and then developed the 25,000 square foot center with an agreement in place to sell upon completion.

THE RESULT

The property sold 16 months later at a 2.30 equity multiple.

COLORADO & ZANG

• Dallas, TX •

We contracted for a run down, former restaurant that had been closed for nearly five years because we saw the site as a potential infill bank location. We worked closely with the neighborhood organization and city councilwoman to rezone the property for the drive-thru bank use. We successfully negotiated a lease with Wachovia Bank prior to closing.

THE RESULT

Thirteen months later, we sold the property to an investor and achieved a 1.70 multiple on our equity investment.

BROADWAY & ROWLETT

• Garland, TX •

We thought that Bank of America might want to move from an in-store grocery location to a freestanding building, We contracted for property at the opposite corner and were able to change the zoning of this site from residential to commercial. We worked very closely with the city councilman, who understood the value of bringing an additional commercial tax base to the district.

THE RESULT

We secured a signed lease prior to closing and sold the property seven months later garnering a 2.93 multiple on our equity investment.

FITZHUGH & COLUMBIA

• Dallas, TX •

A Dallas City Councilman was concerned that a closing supermarket would leave a hole in this older area of an East Dallas neighborhood and become an eyesore. Upon his suggestion, we found the property owner and purchased the building. We created a redevelopment plan for the 35,000 squarefoot building and subsequently sold the site to another grocery operator.

THE RESULT

The property has since become an asset to the neighborhood instead of a liability. We were able to achieve a 3.00 multiple on our equity in this investment in just one year.

11525 JUPITER ROAD

• DALLAS, TX •

Newly renovated shopping center located at the NWQ of Jupiter Road and Garland Road in Dallas, Texas. The property is adjacent to the 225,000 square foot White Rock Marketplace and across the street from Fiesta Supermarket.