Investment Portfolio · Series Two
FLEX INDUSTRIAL AND FLEX OFFICE SPACE · FARMLAND · SECURED LOANS
TAX LIENS · RETAIL REAL ESTATE DEVELOPMENT · MULTIFAMILY DEVELOPMENT
DISTRESSED REAL ESTATE · MIXED USE URBAN · MEDICAL DEVELOPMENT
Introduction to Series 2 · Flexibility
This series let investors pick and choose from each investment. It was and is a fantastic and flexible investment vehicle. However, it turned out to be very burdensome from an administration and accounting side. Instead of explaining investment themes, we had to explain each investment to every investor, collect the funds, track each income and expense item by client and ownership percentage of that particular investment. The tax, audit and semi-annual accounting take a lot of our time and energy and clients preferred the quicker turnaround of Series 1.
So we asked ourselves, how can we provide the simplicity of Series 1 with the flexibility of Series 2? We had a great solution.
Mixed Use Urban · Apartment & Retail
The property is located in a highly desirable area on the lower east side of Milwaukee. Avenir is within walking distance to grocery stores, restaurants and other retail businesses, and its adjacency to downtown Milwaukee makes it an attractive opportunity for investors. Avenir includes 104 apartment units with state of the art residential living with roof top terrace, community room, fitness center, yoga/Pilates room and on-site pet grooming station.
This is a redevelopment in Schaumburg, which is the largest center of economic development in the State of Illinois, outside the City of Chicago. This site is very attractive to our tenants because it sits at Meacham which carries about 28, 500 vehicles serving as the major artery for residents wanting to travel North and South.
Distressed Retail Real Estate
We have also been allocated a small piece of an investment in a 23,000 square foot shopping center known as Frankfort Plaza. We have an amendment is fully executed with the existing Pete Mitchell restaurant, Westside Children's Therapy, and Minute Pharmacy. We believe this purchase is one of the most attractive ones we have come across.
Fresh Thyme Farmer's Market
Retail Real Estate Loan
Fresh Thyme is a new farmer’s market style-chain that focuses on fresh produce. They have a very aggressive expansion plan which includes opening 50 stores in 7 years in the Midwest. Currently we are invested in two different projects:
Centerville "Sugarcreek Crossing"
Flex Office Space
This investment provides an opportunity to participate in the acquisition of a multi-tenant office building located in Warrenville, Illinois. This is a bank owned property located within the meticulously maintainedCantera Lakes development. The property enjoys adjacencies to multiple professional service firms and medical practices
Flex Office Industrial Property
Located in Aurora, IL, Roc Thayer is an industrial building that is built on 6.8 acres of land. We plan to transition the building into a Multi-Tenant Flex Industrial Building, 70% industrial space and 30% office space.
Finance Co & JSQ ONB
A specialty finance company that is providing short-term loans collateralized by real estate or other quick-sale collateral. The bridge loans are designed as an interim solution prior to the client obtaining long-term financing.
The B-Note Origination Program will rely on JSQ Principal’s commercial real estate and lending expertise to focus on originating B-Note loans for acquisitions and recapitalizations of middle-market multifamily, industrial and office properties located primarily in the Midwest. The Program will target loans in the $2-10 million range to the agent banks’ best-in-class borrowers.
SDG is purchased a free standing vacant building on about .88 Acres. This site sits at the signalized corner of Illinois Route 23 and Gateway Drive in the primary retail corridor connecting DeKalb with Sycamore. We have a signed lease with Physicians Immediate Care, who will be taking about half the building with a 4500 sq. ft. space. It is also located directly across from the new Kishwaukee Hospital and Cancer Center.
Mokena Corporate Corridors
Flex Office Space
Mokena CC is a single story office building located in Mokena, IL. The property is currently 87% leased and occupied. The property is well located, a high quality property, and provides excellent cash flow after debt service due to the very high occupancy.
JSQ Multifamily 2
We offered to our initial investors the first opportunity to invest in JSQ Multifamily II, a $50 million dollar offering specifically targeting the continuation of the strategy in JSQ Multifamily I. The terms for the limited partners in JSQ Multifamily II will be the same as Multifamily I. We will again invest in joint venture with our current partners, Watermark Residential and Thompson Thrift Construction.
Bronson Lee Partners
With properties in distress, tax lien sales present a great opportunity to generate maximum rate of returns that are higher than many other investments. A tax lien sale is one of two methodologies used by governmental agencies to collect delinquent taxes owed on real estate and can generate double digit returns. There are potential pitfalls, but the manager we selected undergoes thorough due diligence on the liens they bid on to reduce the potential for adverse consequences.
We see an increased role for hard assets in both individual and institutional investment portfolios. Income producing farmland is particularly attractive because it provides current income as well as the other benefits of hard assets. Farmland will benefit from the secular increase in demand for grain, environmental demand for alternative energy, and the impact of globalization.