Regency Marketplace

Stabilized

1200 Regency Blvd · Jacksonville, FL · Retail · Dragonfly Value-Add Fund II

Value

$48.5M

Equity

$20.5M

NOI

$3.1M

Occupancy

94%

Debt

$28.0M

Cap rate

6.4%

Business plan

Grocery-anchored center, 94% leased. Anchor renewal under negotiation. Evaluate refinance vs. hold; strong candidate for supplemental financing.

Strategy

Core-plus hold; anchor renewal in progress

Hold period

Hold

Acquired

Sep 9, 2021

Square footage

184,000 SF

Asset manager

A. Reyes

Lender

Metropolitan Bank

84/100 — what costs points & what raises it

Sale84/100

Area	Score	Issue
Leasing	20/25	Anchor (Ace) renewal unsigned · A. Reyes
Debt	18/20	Loan matures Dec 15; refi in process · J. Morjain
Financials	16/20	Q2 CAM reconciliation pending · Finance
Legal	18/20	Clean · Legal
Valuation	12/15	Appraisal ordered · A. Reyes

Closing the top 3 gaps (leasing, financials, valuation) is projected to raise readiness from 84 to 96.