Successful investments through diversified real estate asset
Status:
H2A partners acquired an office building in Chicago with a net rentable area of 270,000 SF for $ 46,000,000, with $16,000,000 in cash and the remainder paid via a $30,000,000 ground lease. Later financed $12,000,000 via mortgage with Deutsch Bank. Currently the project has a Net Operating Income (NOI) of plus $1,600,000 per year. Over ninety percent of the equity invested has already been returned and the yearly dividends provided remains attractive in the current scenario.
