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FRIENDSHIP COMMONS II
A 24 unit office warehouse condominium development.
This real estate development fund project, which began in 2006 at the height of the real estate market, continued to be a success through the real estate crisis. 24 units were built and sold. This development was originally 50% financed by debt. The investors never received a capital call. To the contrary, continuous distributions were made throughout the recession, a time when so many real estate development projects faced foreclosure and bankruptcy.
GA RE FUND 1, LLC
GA RE Fund 1 is a real estate opportunity fund that was formed in 2012. A $3.55 million equity raise was transformed into nine buildings totaling 107,000 SF (Office, Retail and Industrial) and four commercial building lots. Most of the buildings were vacant when purchased. All have been restored to leasing condition, most of them leased, and three have been sold for a substantial ROI. The next 2-3 years will most likely see all the properties sold with similar returns.
GA RE FUND 2, LLC
GA RE Fund 2 is a real estate income fund started in 2015. The goal of the fund was to invest in under-utilized commercial buildings that have the possibility of both lease income returns and sale income returns. The equity has been used to purchase an office/warehouse building in Buford and multiple office/warehouse condominiums in Alpharetta. The combination of an entire building and individual condominium units provides a balance between current income and future sales potential.
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