RealOp Investments, a Greenville-based commercial real estate investment group, has purchased four vacant buildings on Markley Street and plans to renovate and preserve the former warehouse property in the city’s historic West End.
RealOp Investments, a commercial real-estate-focused private equity firm headquartered in Greenville, said it projects a 10 percent second-quarter distribution to its investors on behalf of its flagship fund. The firm also projects an annualized distribution rate of 10 percent for 2016 for the ROI Real Estate Opportunities Fund.
RealOp Investments, a privately held Greenville-based commercial real estate investment and private equity firm, has added two commercial real estate veterans to its team: Seph Wunder and Ralph Settle.
Park Central, a 160,000 square foot office park located in Greenville, South Carolina, was purchased alongside a New York based strategic partner in the first quarter of 2015. The Property includes high credit tenants, such as: Website Pipeline, Strayer University, Logisticare, State of South Carolina, etc.
15 Brendan Way, a 39,000 square foot, class A, office building located in Greenville, South Carolina closed on December 30th, 2015. Brendan Way is currently part of Fund I and was purchased well-below replacement cost as a sale-leaseback from FGP, the largest tenant in the building.
Pelham Place, a 57,000 square foot neighborhood shopping center located in Greer, South Carolina, was purchased in the third quarter of 2015. The Property was previously bank-owned and purchased at a significant discount to replacement costs. The current rent roll includes a strong mix of national and regional tenants, including: Delhaize (dark), Tropical Grill and Onin Staffing.
Park East, a 410,000 square foot office park located in Greenville, South Carolina, was purchased alongside a New York based strategic partner in the first quarter of 2015. The Property includes high credit tenants, such as: General Electric, the United Postal Service, Equifax, Defense Support Services and others.
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