| Asset | Date Acquired | Asset Type | Location of Asset |
|---|---|---|---|
| 800 North Point Parkway | Apr-19 | Office | Atlanta, Georgia, USA |
| 900 North Point Parkway | Apr-19 | Office | Atlanta, Georgia, USA |
| 3905 Brookside Parkway | Apr-19 | Office | Atlanta, Georgia, USA |
| Falls Church Corporate Centre | Feb-19 | Office | Falls Church, Virginia, USA |
| 5 Central Apartments | Oct-18 | Residential | Minneapolis, Minnesota, USA |
| Worldgate Metro Plaza | Oct-17 | Office | Herndon, Virginia, USA |
| High Street | Aug-17 | Mixed Use | Phoenix, Arizona, USA |
| High Street | Jul-17 | Mixed Use | Phoenix, Arizona, USA |
| Highland Ridge I & II | Jan-17 | Office | Nashville, Tennessee, USA |
| 3 Hutton Centre Drive | Nov-16 | Office | Santa Ana, California |
GA Office Portfolio
Atlanta, USA
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18 Brodie-Hall Drive, Bentley, Western Australia, is a campus style office site located 6km of the Perth Central Business District, within the Technology Park Bentley, WA. The Property comprises two adjoining completely refurbished two level office buildings.
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Recent major refurbishment completed in 2018, with large underlying land holding of 6,609 sqm.
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Fully leased to a high-quality tenant, Horizon Power, a State Government owned energy provider until 2028, providing 9.4 years of secured income with fixed annual rent review.
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Syndicated to Australian wholesale investors, with an estimated first year dividend of 8.0% with an average of 9.1% over a 7-year investment term
Location
Atlanta, GA Office Portfolio
Purchase Price
Asset Type
Office
Net Lettable Area (NLA)
4,350 sqm
Site Area
6,609 sqm
Occupancy
100%
WALE
9.4 years
Falls Church Corporate Centre
USA
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36 Brandl Street, Eight Miles Plains, QLD, is a commercial office property located in Brisbane Technology Park, Queensland’s largest commercial business and technology precinct, which is approximately 15 minutes' drive from the Brisbane CBD, and houses over 200 leading local and national companies.
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1,984 sqm of fully occupied quality office space, including 74 percent occupied by the Department of Public Works (QLD State Government) and 26 percent occupied by Covetrus Software Services, a US-listed global animal health technology provider (NASDAQ:CVET) with a market capitalisation of approximately US$2.5bn.
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WALE of approximately 5.1 years with fixed annual rent reviews.
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Syndicated to Australian wholesale investors, with an estimated first year dividend yield of 7.5% and an average of 7.7% over a 5-year investment term.
Location
Falls Church Corporate Centre,Falls Church, USA
Purchase Price
USD 38.0mn
Car Bays
Office
Net Lettable Area (NLA)
1,984 sqm
Site Area
3,940 sqm
Occupancy
100%
WALE
5.1 years
5 Central Apartments
USA
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28 The Esplanade, Perth, Western Australia (formerly known as BGC Centre) is a 20-level A-Grade office building with ground floor amenity and generous basement parking, located in the core of the Perth Central Business District. Extensive refurbishments were completed in 2017.
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The office levels have large divisible floorplates of approximately 920 sqm with central service core, excellent natural light from all elevations and a panoramic view of the Swan River.
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91% of capital was committed by a NYSE-listed private equity group with AUM of more than USD 300bn.
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Value-add strategy, LSM Properties handles the repositioning of the asset.
Location
5 Central Apartments,Minneapolis, USA
Purchase Price
Asset Type
Multi-family Residential
Net Lettable Area (NLA)
15,263 sqm
Site Area
2,352 sqm
Occupancy
87.18%
WALE
2.2years
Worldgate Metro Plaza
USA
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12 – 16 Catalano Road, Canning Vale, WA is a fully leased industrial property sitting on a large 12,800 sqm land parcel in the established industrial precinct of Canning Vale, Perth.
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3,433 sqm of high quality warehouse / office space fully leased to Barclay Engineering, which is currently using it as its head office and main production facility.
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Triple net 7 year lease term with fixed annual rent reviews.
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Syndicated to Australian wholesale investors, with an estimated first year dividend yield of 8.0% and an average of 8.5% over a 5-year investment term.
Location
Worldgate Metro Plaza,Herndon, USA
Purchase Price
USD $53.5mn
Asset Type
Office
Net Lettable Area (NLA)
3,433 sqm
Site Area
12,800 sqm
Occupancy
100%
WALE
7.0 years
High Street
USA
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905 Hay Street is an A-grade 14 storey office building with 3 adjacent heritage premises, located at the western end of Perth CBD with direct access to St Georges Terrace.
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Total net lettable area of 14,814 sqm comprising a 14-storey large commercial office building and three adjacent heritage premises;
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The property was built on a 3,229 sqm site in 2010 and was previously fully occupied by Chevron Australia for 10 years.
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Majority of capital was committed by a NYSE-listed private equity group with AUM of more than USD 300bn.
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Fully vacant, LSM Properties is pursuing and implementing a value-add strategy to reposition the asset
Location
High Street,Phoenix, USA
Purchase Price
Asset Type
Condominium, Development Site, Mixed Use, Office, Residential, Retail, Shopping Centre
Net Lettable Area (NLA)
14,814 sqm
Site Area
3,277 sqm
Fully Leased Yield
11.27%
Occupancy
5.59%
WALE
0.2 years
High Street
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45 St Georges Terrace, Perth, Western Australia is a modern B-grade office building with NLA of 10,010 sqm over 9 office levels, 2 basement levels and 31 car bays.
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The building occupies a prominent St Georges Terrace frontage between Barrack Street and Sherwood Court, and is situated within the heart of Perth’s financial district.
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95% of capital was committed by an SGX listed company, which has a market cap of more than SGD $1b.
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Value-add strategy, LSM Properties handles the repositioning of the asset.
Location
High Street,Phoenix, USA
Purchase Price
USD 93.5mn
Asset Type
Leasiure/Entertainment, Mixed Use, Multi-family, Office, Residential, Restaurant, Retail
Net Lettable Area (NLA)
10,010 sqm
Site Area
1,826 sqm
Occupancy
80.10%
WALE
4.1 years
Highland Ridge I & II
Nashville, USA
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25 Strathywn Street, Brendale, Queensland compromises approximately 4,250 sqm of modern office, production and warehouse space.
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Fully occupied by IPG Marketing Solutions, a wholly owned subsidiary of Domino's Pizza Enterprises Limited an ASX-listed entity (ASX:DMP) with an estimated market cap of $7.9bn.
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The property has been configured to suit the current tenants requirements providing 1,809 sqm of warehouse space and 1,700 sqm temperature controlled production area with the remain balance as office space.
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Syndicated to Australian wholesale investors, with an estimated first year dividend yield of 7.50% and an average of 7.70% over a 5-year investment term.
Location
Highland Ridge I & II,Nashville, USA
Purchase Price
USD $48mn
Asset Type
Office
Net Lettable Area (NLA)
4,250 sqm
Site Area
6,758
Occupancy
100%
WALE
5.4 years
3 Hutton Centre
Santa Ana, USA
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Income from 7-year lease from settlement with 2.5 % annual escalation over the lease period.
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Situated within the priority infrastructure area of the Brisbane City Plan and set to benefit from Brisbane’s urban development prior to the 2032 Olympic games.
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Leased by multi-award winning Advanced Business Technologies with over 20 years of industry-leading expertise.
Location
3 Hutton Centre,Santa Ana, USA
Purchase Price
Asset Type
Office
Net Lettable Area (NLA)
2,358 sqm
Site Area
2,842 sqm
Occupancy
100%
WALE
7-years
Springhouse Apartment Homes
Newport News, USA
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Income from a 7-year lease from settlement with fixed 3.25% increases recurring annually.
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Situated in a highly sought-after industrial precinct, the property benefits from proximity to Brisbane’s CBD, access to multiple major carriage ways and positive future development throughout Brisbane prior to the 2032 Olympic Games.
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Each property is leased to international designer and manufacturer, EGR Group, who have who have been trading for 48 years and now operate across four continents.
Location
Springhouse Apartment Homes,Newport News, USA
Purchase Price
USD 38.2mn
Asset Type
Garden/Low Rise Multi-family, Multi-family, Residential
Net Lettable Area (NLA)
6,055 sqm
Site Area
11,367 sqm
Occupancy
100%
WALE
7-years
Plaza at Solana
Westlake, USA
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Income from a 10-year lease from settlement with CPI + 1.5% annual increases over the lease period.
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Situated within an industrial precinct within Kwinana, Western Australia, the property is set to benefit from the proposed $4bn Kwinana Port development that includes a dedicated freight corridor set to increase accessibility, projected to be fully operational by 2032.
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Leased to a Singapore Stock Exchange registered company, AusGroup, who have occupied the site since 1988.
Location
Plaza at Solana,Westlake, USA
Purchase Price
Asset Type
Office, Retail, Street Retail
Net Lettable Area (NLA)
14,450 sqm
Site Area
31,258 sqm
Occupancy
100%
WALE
10 -years