October 24, 2016
We are writing to you as exclusive advisor to an institutional vertically integrated investment manager who has engaged Carlton to recapitalize this heavily cash flowing office portfolio which enjoys approximately $90 million of in-place NOI.
The portfolio consists of 32 Class A office assets in great U.S. markets and have excellent remaining lease terms which will provide you with huge reoccurring sustainable net income. We have also secured an excellent $1 billion low rate senior financing from a major U.S. financial institution. The proposed equity investment amount is approximately $50 – 100 million per investor.
Salient transaction features are hereby outlined below:
– Average current cash return of 12%.
– 24% IRR and 2.5x equity multiple.
– Sponsor will also be reinvesting significant cash into this investment confirming their conviction of this portfolio’s forward growth.
This investment also benefits from the following:
– 34 Class A office properties located in major U.S. cities like Philadelphia, Dallas, San Antonio, Atlanta, San Diego and Nashville.
– On average the rents for the in-place leases are below the market rents so there will be a significant increase as these tenants are renewed.
– Diversified rental stream from 750 tenants which provides you with excellent risk diversification, geographic diversity, and a consistent occurring NOI stream of $90 million which is expected to increase.
– The portfolio is being offered at an attractive $152 psf.
– Demonstrating its exemplary capabilities, the Sponsor has executed over 3 million square feet of new leases and renewal amendments within the Portfolio since July 2014.
– The sponsor to express its conviction in the assets is willing to maintain a significant equity stake in the portfolio prospectively which will give you and them a true alignment of interest.
The Sponsor employs over 200 professionals and is a best in class manager with excellent management systems which will insure high levels of distributable cash flow for many years to come.
To learn more about this hospitality investment opportunity please fill out the form below and/or visit our registration page at http://carltongroup.com/investor-registration/.Previous Next
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