Sarasota Multifamily Complex

Performing Loan Acquisition
Capital Partner: Publicly Traded Mortgage REIT
Acquisition Date: May 2012
Seller: Finance Company

OPC sourced a mispriced loan acquisition opportunity on a $20.0 million performing loan, secured by 2007 constructed, fully-occupied, 220 unit multifamily asset located in suburban Tampa, Florida.  OPC partnered with a publicly traded mortgage REIT. The property is located in an in-fill submarket and located proximate to several retail amenities including a recently developed 20 screen movie theater and a Walmart anchored retail center. The loan is well secured and provides a high-yield return with an attractive 45 month duration. The JV arranged an attractive loan-on-loan financing that has increased the levered return by over 400bps.


Anchored Neighborhood Center - At El Toro Blvd.

Non-Performing Loan Acquisition
Capital Partner: Institutional Opportunity Fund
Acquisition Date: August 2012
Seller: Special Servicer

OPC sourced and formed a joint venture with a strong local/regional retail owner/operator and capital provider to acquire a non-performing retail loan, secured by a 100,000 sf retail property located in Orange County, California. The property is well occupied and located in an extremely dense retail trade area (located on El Toro Blvd., 1/2 block east of Freeway 5) and an affluent residential sub-market. The property is located at the hard corner intersection which has daily traffic counts exceeding 67,000 vehicles per day.


Neighborhood Anchored Shopping Center - Cleveland

Performing Mezzanine Note
Capital Partners: Financing Company
Acquisition Date: October 2012
Borrower Origination

OPC joint ventured with a finance company that originated a senior loan that was placed with a CMBS shop. The partnership originated a well-collateralized 5 year matching tem mezzanine loan. The high yielding loan is secured by a 110,000 sf, 100% occupied neighborhood grocery retail center located in Cleveland (near the CBD), OH.


McKesson & Helm Industrial in Livonia, Michigan

Fee Title Acquisition
Capital Partners: High Net Worth Individuals
Acquisition Date: May 2013
Seller: Special Servicer

OPC sourced the opportunity and reached out to a strong national industrial owner/operator with over 6 million sf industrial portfolio in Michigan, to acquire a 285,000 sf industrial building located in Livonia (submarket of Detroit).The JV arranged high net worth LP capital to capitalize the investment. The Property is 100% occupied by McKesson Corp. (2nd largest medical supply manufacturer) and Helm, Inc. (nation’s largest provider of factory-authorized automotive service manuals) with long term leases. This is a stabilized long term high yielding investment.



Old Town Pasadena Mixed Use Office/Retail Property

Fee Title Acquisition from Special Servicer
Capital Partners: High Net Worth Individuals
Acquisition Date: December 2013
Seller: Special Servicer

OPC, in a partnership with a local/regional owner/operator, acquired a mixed use office and retail (restaurant and bar) property at an attractive price. The asset is located in Old Town Pasadena, at the hard corner of North Raymond Avenue and Union Street a block from Colorado Boulevard. This area is known as “Old Town Restaurant Row”. The ground floor is occupied by Slater’s 50/50, an award winning restaurant (“Best Burger” by the Orange County Register) and the very popular Union Street Bar.



Portland Multifamily Development Project

Fee Title Acquisition
Capital Partners: High Net Worth Individuals
Acquisition Date: January 2014
Seller: Owner

OPC, in a partnership with a local/northwest regional developer/operator, acquired a ½ city block secured by 20,000 sf of commercial building occupied by two tenants. The Property is zoned for high density residential and is strategically located adjacent to the Pearl District and the Max Light Rail Line. The investment plan is to seek design approval for a new 8 story / 164 unit multifamily project, arrange for institutional LP capital and a construction loan. Construction is expected to start in early 2016 with a completion date of mid-2017.


Virginia Class A Office

Fee Title Acquisition
Capital Partners: Institutional Opportunity Fund
Acquisition Date: May 2014
Seller: Special Servicer


OPC, in a strategic alliance with Coretrust Capital Partners, LLC, acquired an 8 story Class A- office building located on US Route 50 (major thoroughfare connecting Northern Virginia to Washington, DC) only 0.5 miles from I-66 (the only interstate running west to Virginia from Washington, DC) and 6.5 miles from I-495 (i.e. the Capital Beltway). The Property is 179,688 square feet (currently 85% occupied) and was built in 1986.

Sarasota Multifamily Complex

Performing Loan Acquisition
Capital Partner: Publicly Traded Mortgage REIT
Acquisition Date: May 2012
Seller: Finance Company

OPC sourced a mispriced loan acquisition opportunity on a $20.0 million performing loan, secured by 2007 constructed, fully-occupied, 220 unit multifamily asset located in suburban Tampa, Florida.  OPC partnered with a publicly traded mortgage REIT. The property is located in an in-fill submarket and located proximate to several retail amenities including a recently developed 20 screen movie theater and a Walmart anchored retail center. The loan is well secured and provides a high-yield return with an attractive 45 month duration. The JV arranged an attractive loan-on-loan financing that has increased the levered return by over 400bps.


Anchored Neighborhood Center - At El Toro Blvd.

Non-Performing Loan Acquisition
Capital Partner: Institutional Opportunity Fund
Acquisition Date: August 2012
Seller: Special Servicer

OPC sourced and formed a joint venture with a strong local/regional retail owner/operator and capital provider to acquire a non-performing retail loan, secured by a 100,000 sf retail property located in Orange County, California. The property is well occupied and located in an extremely dense retail trade area (located on El Toro Blvd., 1/2 block east of Freeway 5) and an affluent residential sub-market. The property is located at the hard corner intersection which has daily traffic counts exceeding 67,000 vehicles per day.


Neighborhood Anchored Shopping Center - Cleveland

Performing Mezzanine Note
Capital Partners: Financing Company
Acquisition Date: October 2012
Borrower Origination

OPC joint ventured with a finance company that originated a senior loan that was placed with a CMBS shop. The partnership originated a well-collateralized 5 year matching tem mezzanine loan. The high yielding loan is secured by a 110,000 sf, 100% occupied neighborhood grocery retail center located in Cleveland (near the CBD), OH.


McKesson & Helm Industrial in Livonia, Michigan

Fee Title Acquisition
Capital Partners: High Net Worth Individuals
Acquisition Date: May 2013
Seller: Special Servicer

OPC sourced the opportunity and reached out to a strong national industrial owner/operator with over 6 million sf industrial portfolio in Michigan, to acquire a 285,000 sf industrial building located in Livonia (submarket of Detroit).The JV arranged high net worth LP capital to capitalize the investment. The Property is 100% occupied by McKesson Corp. (2nd largest medical supply manufacturer) and Helm, Inc. (nation’s largest provider of factory-authorized automotive service manuals) with long term leases. This is a stabilized long term high yielding investment.



Old Town Pasadena Mixed Use Office/Retail Property

Fee Title Acquisition from Special Servicer
Capital Partners: High Net Worth Individuals
Acquisition Date: December 2013
Seller: Special Servicer

OPC, in a partnership with a local/regional owner/operator, acquired a mixed use office and retail (restaurant and bar) property at an attractive price. The asset is located in Old Town Pasadena, at the hard corner of North Raymond Avenue and Union Street a block from Colorado Boulevard. This area is known as “Old Town Restaurant Row”. The ground floor is occupied by Slater’s 50/50, an award winning restaurant (“Best Burger” by the Orange County Register) and the very popular Union Street Bar.



Portland Multifamily Development Project

Fee Title Acquisition
Capital Partners: High Net Worth Individuals
Acquisition Date: January 2014
Seller: Owner

OPC, in a partnership with a local/northwest regional developer/operator, acquired a ½ city block secured by 20,000 sf of commercial building occupied by two tenants. The Property is zoned for high density residential and is strategically located adjacent to the Pearl District and the Max Light Rail Line. The investment plan is to seek design approval for a new 8 story / 164 unit multifamily project, arrange for institutional LP capital and a construction loan. Construction is expected to start in early 2016 with a completion date of mid-2017.


Virginia Class A Office

Fee Title Acquisition
Capital Partners: Institutional Opportunity Fund
Acquisition Date: May 2014
Seller: Special Servicer


OPC, in a strategic alliance with Coretrust Capital Partners, LLC, acquired an 8 story Class A- office building located on US Route 50 (major thoroughfare connecting Northern Virginia to Washington, DC) only 0.5 miles from I-66 (the only interstate running west to Virginia from Washington, DC) and 6.5 miles from I-495 (i.e. the Capital Beltway). The Property is 179,688 square feet (currently 85% occupied) and was built in 1986.