Atrium at Park Ten

Acquisition Date: June 2010
Location: Houston, TX
Size: 139,834 square feet of office space
Investment Opportunity: Purchased below replacement value. Increase Base rent (5% below market rate), cap rate opportunity.
Results: Since acquisition, we have Increased occupancy by 12%, increased NOI by 15% and achieved our goal NOI within 13 months of operations (22% of the 60 months investment period). Refinanced and returned most of the equity.
Web Design by Alex Kushner Designs