Investor LoginRoyal Ridge
Royal Ridge
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| Acquisition Date: | July 2011 |
| Location: | Dallas, TX |
| Size: | 505,948 square feet of office space |
| Investment Opportunity: | Purchased stabilized assets in pristine
condition at cap rate of 9.13%. Purchase price included two outparcels
that can accommodate an additional 300,000 SF. |
| Results: | In less than 45 days, we lowered operating expenses by $200,000, listed two parcels for sale or build to suit, and secured a new tenant for more than 10,000 SF. |