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Drastic changes in the Commercial Real Estate Market: where are the opportunities?

Investment Opportunities

During the Pandemic many office buildings have been virtually empty as most workers have developed offices in their homes. This and other dynamics make us wonder about the future of commercial Real Estate. Balance this with one of the outcomes of the Tax Cuts and Jobs Act of 2017, Opportunity Zone investments, and you have a vital conversation. 

Many of our clients have participated in successful regional real estate investments with Edlen & Co. This team has exhibited deep expertise at value-oriented acquisition, asset enhancement and effective operational management in sub-markets with favorable growth characteristics. Click Watch Video below to view a conversation with impact real estate experts Mark Edlen & Roger Krage and expert Senior Living operators Gary & Trevor Wart. The webinar focuses on two current opportunities:

  • Pacifica Senior Living, Portland, OR: a 99 unit/114 bed memory care community located in Portland, Oregon in the densely populated submarket of Gresham. With an interconnected cottage style design which accommodates all memory care acuity types, Pacifica is highly visible/accessible, consistently 90% occupied with stable staffing. It is projected to pour off 9% net cash flow to investors immediately with upside available via management enhancements and synergies applied by Nile Living and close proximity to Powell Valley Assisted Living and Memory Care, a previous acquisition of Edlen & Co and Nile Living in which Allium clients participated.
  • Urban Workforce Housing, Spokane, WA: The real estate fundamentals are very good in Spokane with the flight of people who can work from home going to more affordable and life-style positive intermountain communities like Spokane, Boise, Bend, Coeur d’Alene and Bozeman. This property provides residents new options that have not been constructed in downtown Spokane since the 1980s. Amenities will include an outdoor urban amenity deck, amenity room, secured parking, energy-efficient systems, easy access to public transportation and a location mere steps from the Spokane River. Neighborhood retail will be developed likely to include a coffee shop, market, or restaurant. This investment is projected to pay significant cash flow when fully developed and leased, net IRR is projected at 13.12% with the additional opportunity for investors to shield capital gains under Opportunity Zone legislation.

Please contact Bob Noack for access to the presentation.

Watch Video


Investor Types

Individual

Institutional

Accredited Investor

Income (individual/Joint):

$200,000/$300,000 or



Investment Assets (ex-home):

$1,000,000

$5,000,000

Qualified Purchaser

Investment Assets (ex-home):

$5,000,000

$25,000,000