1031 Exchange from Multi-Family to Multi-Tenant Retail

Client Profile:

California-based investor who had sold a Los Angeles apartment building and sought less management intensive ownership.

Strategy:

Assemble a high-quality, low-risk, geographically diverse portfolio of triple net properties with laddered lease expiration dates.

Outcome:

Century Partners sourced three (3) trophy-quality properties including (a) ATI + Blaze Pizza in Fishers, IN, (b) Cafe Rio & T-Mobile in Castle Rock, CO, and (c) Potbelly, ATI, & Noodles Co in St. Charle’s, IL. The properties were all sourced on an off-market basis through Century Partners’ national relationships.

More Case Studies

Sale-Leaseback

PORTFOLIO DIVERSIFICATION & EXCHANGE FOR WENDY’S OPERATOR

Outcome:

Disposed of a total of 17 Wendy’s properties.
Seven (7) properties transacted above $2.5M ($3.42M was highest on record for client).
The average cap rate across all transactions was 5.15%.
Seller used proceeds to exchange into primarily single-tenant net lease properties.

Sourced a $35 Million Development Credit Facility for a Rapidly Expanding Car Wash Operator in the Southeastern United States

Outcome:

Client selected a family office to provide funding for the development; sites are currently under construction.

Tenant Advisory

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