Property Details
Stabilized Occupancy  Stabilized Cashflow  Below Market Rents 
Asset Profile
Core Plus

GIP: Government Office - Little Rock, AR

Little Rock, AR

Office Property
Government Investment Partners Deer Park, IL
Government Investment Partners
  • IRR 15.01%
  • Equity Multiple 1.86x
  • Hold Period 5Y
  • Minimum Investment $25K
  • Year 1 Cash on Cash 9%
  • Stabilized Cash on Cash 9% Y1
  • First Distribution Dec 2022
  • Distribution Frequency Quarterly
  • Co-Investment 3% ($50K)
  • Preferred Return 9%
  • Investor Profit Share See Financials
  • Asset Profile Core Plus
  • Loan-to-Value 65%
  • Current Occupancy 100%

About this Property

"A 30,565 square foot, single tenant, government leased medical office building located in Little Rock, Arkansas."

- Kris Jankowski, Government Investment Partners

Property Address 1301 Wolfe Street
# of Units 1
Square Footage 30,565 sq. ft.
Year Built 1917
Year Renovated 2004
Current Occupancy 100%
Market Occupancy 88.5%
Current Average Rent $14.91/SF
Average Market Rent $16.91/SF
Acquisition Price $3,700,000
Price/SF $121.05
Stabilized Loan to Value 65%

Top Questions

All answers are provided by the sponsor, Government Investment Partners, or its representatives.

 

Why are you buying this property?

Kris Jankowski, Government Investment Partners: "This acquisition represents an opportunity to acquire a stable leased asset in a strong secondary market. The State of Arkansas on behalf of the University of Arkansas for Medical Sciences (UAMS) has been at this location since the building was renovated for their occupancy in 2004."

 

What are the most important aspects of this investment opportunity for the investors?

Kris Jankowski, Government Investment Partners:

  1. "Tenancy: The property is 100% leased to the State of Arkansas on behalf of the University of Arkansas for Medical Sciences (UAMS). UAMS has been at this location since 2004. The building is the James L. Dennis Development Center, a pediatric rehabilitation facility for the UAMS Department of Pediatrics, in partnership with the Arkansas Children's Hospital which is located immediately north of the property."
  2. "Well positioned in the market: The subject is well positioned in the market due to its proximity to the Arkansas Children's Hospital Campus and UAMS Medical Center."
  3. "Proven track record: GIP currently owns 27 government leased properties across the United States and is fully integrated with in-house property management and construction teams. To date, GIP has sold several assets generating significantly outsized returns for its investors as compared to original projections. For more detailed information, please see GIP's track record."

 

What is your investment strategy/business plan?

Kris Jankowski, Government Investment Partners: "1301 Wolfe Street was presented to GIP as an off market acquisition opportunity, where favorable pricing was achieved. The UAMS lease expires in September 2024 and the tenant has the right to extend for an additional three year period at the same terms. The exit strategy is to hold for five years, selling upon UAMS lease extension in 2027. There will also be the opportunity to increase the rental rate in the lease in 2027 to adjust for inflation and market conditions, since the rental rate will have been the same since 2015. The stability of the tenant will provide a solid cash flow during the remaining term of the lease, and the projected higher rental rate in conjunction with the extended lease term will greatly enhance the value of the property upon lease renewal."

 

How has COVID-19 impacted your business plan?

Kris Jankowski, Government Investment Partners: "Minimal impacts from COVID-19 are anticipated in execution of the business plan. Given the critical mission of the tenant, they have operated from this site since the start of the pandemic with their own safety measures in place."

 

What are the risks and how are you mitigating those risks?

Kris Jankowski, Government Investment Partners: "The primary risk is associated with the tenancy and risk the tenant chooses not to extend their occupancy in the building at lease expiration. Given the mission of the tenant and the specialized buildout of the space to carry out this mission, in conjunction with the location within the Arkansas Children's Hospital Campus, the probability of a tenant moveout in 2024 or 2027 is extremely low."

 

NOTE: All answers provided by the sponsor, Government Investment Partners, or its representatives.

About this Property

"A 30,565 square foot, single tenant, government leased medical office building located in Little Rock, Arkansas."

- Kris Jankowski, Government Investment Partners

Property Address 1301 Wolfe Street
# of Units 1
Square Footage 30,565 sq. ft.
Year Built 1917
Year Renovated 2004
Current Occupancy 100%
Market Occupancy 88.5%
Current Average Rent $14.91/SF
Average Market Rent $16.91/SF
Acquisition Price $3,700,000
Price/SF $121.05
Stabilized Loan to Value 65%

Top Questions

All answers are provided by the sponsor, Government Investment Partners, or its representatives.

 

Why are you buying this property?

Kris Jankowski, Government Investment Partners: "This acquisition represents an opportunity to acquire a stable leased asset in a strong secondary market. The State of Arkansas on behalf of the University of Arkansas for Medical Sciences (UAMS) has been at this location since the building was renovated for their occupancy in 2004."

 

What are the most important aspects of this investment opportunity for the investors?

Kris Jankowski, Government Investment Partners:

  1. "Tenancy: The property is 100% leased to the State of Arkansas on behalf of the University of Arkansas for Medical Sciences (UAMS). UAMS has been at this location since 2004. The building is the James L. Dennis Development Center, a pediatric rehabilitation facility for the UAMS Department of Pediatrics, in partnership with the Arkansas Children's Hospital which is located immediately north of the property."
  2. "Well positioned in the market: The subject is well positioned in the market due to its proximity to the Arkansas Children's Hospital Campus and UAMS Medical Center."
  3. "Proven track record: GIP currently owns 27 government leased properties across the United States and is fully integrated with in-house property management and construction teams. To date, GIP has sold several assets generating significantly outsized returns for its investors as compared to original projections. For more detailed information, please see GIP's track record."

 

What is your investment strategy/business plan?

Kris Jankowski, Government Investment Partners: "1301 Wolfe Street was presented to GIP as an off market acquisition opportunity, where favorable pricing was achieved. The UAMS lease expires in September 2024 and the tenant has the right to extend for an additional three year period at the same terms. The exit strategy is to hold for five years, selling upon UAMS lease extension in 2027. There will also be the opportunity to increase the rental rate in the lease in 2027 to adjust for inflation and market conditions, since the rental rate will have been the same since 2015. The stability of the tenant will provide a solid cash flow during the remaining term of the lease, and the projected higher rental rate in conjunction with the extended lease term will greatly enhance the value of the property upon lease renewal."

 

How has COVID-19 impacted your business plan?

Kris Jankowski, Government Investment Partners: "Minimal impacts from COVID-19 are anticipated in execution of the business plan. Given the critical mission of the tenant, they have operated from this site since the start of the pandemic with their own safety measures in place."

 

What are the risks and how are you mitigating those risks?

Kris Jankowski, Government Investment Partners: "The primary risk is associated with the tenancy and risk the tenant chooses not to extend their occupancy in the building at lease expiration. Given the mission of the tenant and the specialized buildout of the space to carry out this mission, in conjunction with the location within the Arkansas Children's Hospital Campus, the probability of a tenant moveout in 2024 or 2027 is extremely low."

 

NOTE: All answers provided by the sponsor, Government Investment Partners, or its representatives.

Offered By

Login or Register to See More Details

Available to Registered Users

  • Get to know the sponsor behind the offering with key information
  • See an overview of their experience and success
  • Understand their investment strategies
  • Easy access to contact the sponsor directly to learn more
Assets Under
Management

Currently
$141MM 20+ assets
Exited
$121.5MM less than 10 assets
Portfolio LTV
56%  
Historical
Realized Returns

Total IRR
47.5%  
Equity Multiple
1.96x  
Annual Cash
8.5%  
Years Of
Experience

As Principals
less than 5 years  
In Business
5 years  
Size
11 Staff  
* All information is reported by Government Investment Partners as of 7/7/2022.
Assets Under
Management

Currently
$141MM 20+ assets
Exited
$121.5MM less than 10 assets
Portfolio LTV
56%  
Historical
Returns

Total IRR
47.5%  
Equity Multiple
1.96x  
Annual Cash
8.5%  
Years Of
Experience

As Principals
less than 5 years  
In Business
5 years  
Size
11 Staff  
* All information is reported by Government Investment Partners as of 7/7/2022.

Financials

Login or Register to View Financials

Available to Accredited Investors:

  • Get an overview of important financial details to make a smarter investment
  • Analyze the financial pro forma to see how projected returns are distributed over time
  • Review source and uses and other important details
Offering Financial

Sponsor Diligence Report

Login or Register to View Report

Available to Accredited Investors:

  • View principal experience
  • Review background check results
  • Track record verification
Diligence Preview

Location Details

Little Rock, AR

Kris Jankowski, Government Investment Partners: "The site is well located just outside of the Little Rock central business district, and approximately five miles from the Bill and Hillary Clinton National Airport. In addition, the property is located adjacent to the Arkansas Children's Hospital campus and 2.5 miles east of the UAMS Medical Center."

Documents

Login or Register to View Documents

Available to Accredited Investors:

  • View, download, and print the offering PPM (Private Placement Memorandum)
  • View, download, and print the detailed financial projections
  • Access all of the important documents for this offering in one place
Offering Agreement Documents

Frequently Asked Questions

Below are some of the most frequently asked questions about this offering.

RealCrowd is free for investors. RealCrowd charges a technology access fee to the operating partner for our services. We do not charge investors any upfront fees, ongoing asset management fees or promote/carried interest in the investments.

RealCrowd offerings are open to accredited investors. RealCrowd does not recommend or advise on any offering on our platform. While we have minimum history and experience threshold for sponsors who post on our platform, if you are unable to perform your own due diligence, please consult with an attorney or financial advisor prior to making an investment.

RealCrowd is a marketplace that connects investors with qualified sponsors. We strive for transparency and impartiality. For this reason, we do not participate in any offerings on our site.

Have a Question?

Send Government Investment Partners and/or RealCrowd a message. If you have a question about this offering ask Government Investment Partners. If you have a question about the transaction process or other general inquiry, RealCrowd will be happy to help.

Please resolve the captcha and submit.

We'll get back to you soon!

In the meantime, you can create an account to view detailed information about GIP: Government Office - Little Rock, AR.

In the meantime, please review the offering documents and financials.