Property

Vantage Place Nashville, TN

Property
Type
Office
Investment Type
Property
Asset Profile
Core Plus
Min. Investment
$50K
Estimated Hold
5Y
Target Return (IRR)
13.8%
Target Annual Cash
5%
Target Equity Multiple
1.85x
 

Offered By

The Dilweg Companies Elite Sponsor

Durham, NC

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
$775MM
Exited
$665MM
Portfolio LTV
70%
Historical
Realized Returns

Total IRR
27%
Equity Multiple
1.8x
Annual Cash
N/R
Years Of
Experience

As Principals
30+ years
In Business
18 years
Size
21 Staff
* All information is reported by The Dilweg Companies as of 6/12/2017.
 

About this Property

Vantage Place is a 167,818 sf office property located at 44 Vantage Way in the MetroCenter submarket of Nashville, TN. On April 10, 2017, TDC closed on the property at the contracted price of $17.70 million. The Company is currently seeking cash equity of approximately $1.85 million to recapitalize a portion of the original $5.1 million of equity contributed at closing.

As part of its strategy to enhance the property’s value, TDC will initially focus on addressing select mechanical and cosmetic improvements which were not completed during the property’s most recent renovation. TDC will also look to renew and extend the upcoming tenant lease expirations while bringing those leases up to the market rate.

Read more Read less

Key Points

  • Direct investment opportunity in a growing market with strong fundamentals.
  • Significant discount to replacement cost.
  • Close proximity to various amenities typical of a top-tier office park.
 

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
 

Location Details

Nashville, TN

Nashville’s 37M SF office market has continued its multi-year run as the tightest and one of the most in demand office markets in the country. It added 40,000 jobs in the previous four quarters and has a positive employment forecast for the next 12 months. Its unemployment rate in the fourth quarter of 3.8% is well below the national level of 4.9%. Nashville’s office market continues to boast one of the tightest overall vacancy in the nation at 5% and a million square feet of net absorption in 2016.

There is approximately 4M SF of space under construction in Nashville, of which nearly 75% is pre-leased. Tenants from within the metro comprise most of the pre-leased space, creating a potential ripple effect of vacancy. However, the larger blocks of vacancy coming to market have already received significant interest from potential tenants, reflecting the extraordinary demand dynamics in Nashville.

Read more Read less
 

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
 

Frequently Asked Questions

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

The first projected distribution is scheduled for June 2017.

Distributions are scheduled to go out on a quarterly basis.

No, this offering is only available to US residents.

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 US-based 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 The Dilweg Companies and/or RealCrowd a message. If you have a question about this offering ask The Dilweg Companies. If you have a question about the transaction process or other general inquiry, RealCrowd will be happy to help.

We'll get back to you soon!

In the meantime, you can create an account to view detailed information about Vantage Place.

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

Access passive income deals and become a better investor today with our free eight day educational email series.

Free e-book "Commercial Real Estate 101" for signing up.