Representative Assets

Value-Add

• Off-market acquisition of multi-tenant industrial park consisting of 317,512 SF
• 57% leased at closing with significant deferred capital needs at project
• Acquisition value well below replacement cost with in-place rents below market
• Cosmetic and functional renovations combined with active leasing and management increased occupancy to 99% within one year post-closing

Development

• Two-building, 594,846 SF development with publicly traded insurance company
• Off-market land acquisition at below market price
• Significant offsite infrastructure work and City negotiations expertly navigated by Circle team
• 474,675 SF, 36′ clear height, cross-dock building and above average loading door ratio
• 120,171 SF, 32′ clear building with above average loading door ratio and large secured yard area

Core

• 1,262,294 SF, Class A distribution facility 100% leased to Amazon
• Core investment opportunity to acquire a large, investment grade credit industrial building with a long term lease in an infill location, that is critical for Amazon to service the rapidly growing regional population of the Austin-San Antonio MSA
• Steady income with no rollover risk stabilizes cash flow and occupancy level through the life of the investment
• Amazon has significant $40mm+ investment in asset