Deals & Pipeline
2 active · $59.5M in transactions
Demo data
Pipeline
Lead
0
Underwriting
0
LOI
0
Under Contract
0
Due Diligence
1
Financing
1
Closing
0
Closed
0
Sabal Point Industrial (Acquisition)
Acquisition · Lakeland, FL
$27.5M
Price
18.4%
IRR
2.1x
Equity mult.
in 51d
Close
AI Thesis
Below-replacement-cost infill industrial with 18% mark-to-market on in-place rents; two leases roll within 24 months.
Key risks
- •Roof age (est. 3–5 yrs remaining)
- •One tenant on month-to-month
- •Seller financials trailing-9 only
Missing for closing (4)
Phase I environmental (ordered)Estoppels (0/3 received)Updated title commitmentZoning verification letter
Regency Marketplace — Refinance
Refinance · Jacksonville, FL
$32.0M
Loan amount
—
IRR
—
Equity mult.
in 68d
Close
AI Thesis
Refinance maturing Metropolitan Bank loan; pull ~$4M supplemental proceeds at current NOI to return capital to Fund II.
Key risks
- •Rate environment
- •Anchor renewal must sign before rate lock
- •Appraisal may come in below expectation
Missing for closing (3)
Signed anchor renewalUpdated appraisalLender term sheet (2 of 3 received)
Meridian Office Conversion
Acquisition · Atlanta, GA
$54.0M
Price
11.0%
IRR
1.6x
Equity mult.
58d ago
Close
AI Thesis
Office-to-resi conversion. Passed — conversion cost and entitlement risk exceeded return threshold.
Key risks
- •Entitlement risk
- •Conversion cost overrun