Portfolio

DISCIPLINED ACQUISITIONS ARE WHERE INVESTMENT YIELD IS BORN.

We focus on acquiring under-performing and undervalued assets at prices well below replacement cost and intrinsic value. We are disciplined in our approach and work tirelessly to uncover opportunities with unexploited potential due to artificial and correctable impediments to value, including complex ownership structures, poor capitalization/lack of required capital, unsophisticated or inattentive property management, curable environmental conditions, or various other advantageous circumstances.

Dixon Landing Research Park

Fremont, CA

Overview - Projected Project Level Returns

30.3%

IRR

2.8X

Equity Multiple

4 years

Hold Period

Off-market acquisition of fully leased R&D project at major discount to recent sales comps in the market.

The Pointe at Redwood Shores

Redwood City, CA

Overview - Projected Project Level Returns

28.8%

IRR

1.5X

Equity Multiple

2 years

Hold Period

Off-market acquisition of a 2-building life science/office project at approximately 60% of replacement cost.

The Landing

Oakland, Ca

Overview - Projected Project Level Returns

24.3%

IRR

2.3X

Equity Multiple

4 Years

Hold Period

Off-market acquisition of 2 building office project at a major discount to previous purchase price and replacement cost. The property was 92% leased at acquisition.

Lathrop

Lathrop, CA

Overview - Projected Project Level Returns

22.8%

IRR

1.6X

Equity Multiple

2.5 years

Hold Period

Acquired vacant warehouse building at roughly half of replacement cost in a market with sub 5% vacancy.

Hellyer Oaks Technology Park

San Jose, CA

Overview - Projected Project Level Returns

42.6%

IRR

2.3 X

Equity Multiple

3 years

Hold Period

Vertical Ventures acquired building at a 7.5% cap on in-place income at a major discount to replacement cost with significant value-add potential.

Eastmont Town Center

Oakland, CA

Overview - Projected Project Level Returns

36.2%

IRR

3.2X

Equity Multiple

4 years

Hold Period

Vertical Ventures acquired the enclosed shopping mall originally known as Eastmont Mall in 2015. Located on 33 acres in East Oakland, the 540,000 square foot space was converted to multi-tenant office. At 82% occupancy with strong in-place cash flow, the project was acquired using a CMBS loan.

Montague Business Center

San Jose, CA

Overview - Realized Project Level Returns

30.6%

IRR

2.1X

Equity Multiple

3 year

Hold Period

Vertical Ventures acquired two multi-tenant office buildings in 2015. Located at 408 Plumeria and 2730 Junction Avenue, the Montague Business Center was fully repositioned and renovated.

Pacific Corporate Center

Livermore, CA

Overview - Realized Project Level Returns

30.1%

IRR

2.6X

Equity Multiple

4 years

Hold Period

Vertical Ventures acquired five single-tenant office buildings comprising 207,806 square feet in 2012. The Livermore business complex, on 13.6 acres at 7005 Southfront Road, 7401-7501 Longard Road and 501 Lawrence Road, was purchased for an attractive price and well-positioned to deliver favorable yields.

Oakland Airport Plaza

Oakland, Ca

Overview - Realized Project Level Returns

77.4%

IRR

2.8X

Equity Multiple

2 Years

Hold Period

Off-market acquisition of 2 building office project at a major discount to previous purchase price and replacement cost. The property was 82% leased at acquisition.