"Johnson Square Medical Office Park is a low-basis, high cash flow asset located in a built-out trade area with significant barriers to entry, and attractive risk-adjusted upside. Value is created through increasing occupancy to market levels and continuing recent leasing momentum."

- Joshua A. Friedensohn, Greenleaf Capital Partners

Top Questions

All answers are provided by the sponsor, Greenleaf Capital Partners, or its representatives.

Why are you buying the Property?

Joshua A. Friedensohn, Greenleaf Capital Partners: "Greenleaf lives and owns in this market and knows the supply constraints of the E. Cobb/Marietta market boasting its 94%+ occupancy. The property's design is uniquely competitive for the COVID office environment with individual exterior entrances and dedicated HVAC systems. Over the past year, amidst COVID, 12 new leases and 4 renewals (2 including expansions) have been signed with only one nonrenewal and with a strong lean towards medical tenants. Greenleaf has closed 8 commercial deals this year, a majority with predominantly medical tenants, believing strongly that well-located suburban office spaces that are COVID-adaptive will flourish in the years to come."

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

Joshua A. Friedensohn, Greenleaf Capital Partners:

• "This investment offers day 1 cash flow from a well-located and maintained property."
• "The property has the opportunity to continue leasing momentum to get to market levels."
• "It is high value real estate on a main road, close to a major intersection and heavily built-out retail area with prominent companies in close proximity."

What is your investment strategy/business plan for the Property?

Joshua A. Friedensohn, Greenleaf Capital Partners: "Greenleaf will continue the momentum at the property by giving it the capital injection needed to lease-up to market levels. There will not be a need to push rents or perform heavy renovations, more so the strategy will be to continue to consolidate and repurpose the property to larger, more medically-focused tenants taking advantage of the proximity to hospital systems and the assisted living property next door."

How has COVID-19 impacted your business plan?

Joshua A. Friedensohn, Greenleaf Capital Partners: "COVID has less impacted, and more shaped Greenleaf's business plan for this asset. Greenleaf’s strategy of acquiring well-located, suburban office complexes with COVID-conducive characteristics has come out of the thought that high-density office locations will be out of favor in the future and there will be a high demand for office space closer to where business owners live and more spread out from other tenants."

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

Joshua A. Friedensohn, Greenleaf Capital Partner: "Less demand for office space as many companies across shift to remote work models brings a risk in the commercial property space. However, Johnson Square’s 2020 leasing momentum in a COVID environment exemplifies its true occupancy potential. In 2020, 12 new leases and 4 renewals (2 including expansions) have been executed, and there has only been 1 non‐renewal. Johnson Square’s street parking, individual entrances, and low-rise construction demonstrate its ideal COVID/post-COVID building design, and Greenleaf will employ its professional management expertise to drive occupancy to market levels."

NOTE: All answers provided by the sponsor, Greenleaf Capital Partners, or its representatives.