CURRENT INVESTMENT – GARDEN OF THE GODS PLAZA

GARDEN OF THE GODS PLAZA

Status at Purchase:

Date: November 15, 2019
Occupancy: 84%
Purchase Rate: $11,540 ($120 psf / 8.0% cap rate)

Three-Part Business Plan:

Stabilize Tenancy:
Lease vacant spaces and stabilize tenancy.

Reduce Operating   Expenses:
Actively manage property utilizing SunCap’s platform and key vendor relationships in order to reduce operating expenses.

Increase NOI:
Improve NOI by 26% over the five year holding period.

Investment Returns:

Equity Invested:
$5,145,000

Forecast Investor Returns:
10+% average current cash-on-cash
14+% IRR over five year hold
Investment Multiple:  1.7