Yorktown

Acquisition Date:	June 2011
Location:	Houston, TX
Size:	178,955 square feet of office space
Investment Opportunity:	Purchased below replacement value. Increase occupancy by 5% and increased base rent (12% below market rate), updates mechanical systems of the building and renovation of the lobbies.
Results:	Most renovations done; occupancy already increased by 3.5% and renewed current tenants leases for longer terms with higher rates to 9% of the building.