The principals of Allegiant Properties have a long track record of repositioning, restructuring and reworking troubled real estate. In all cases the objective has been to maximize the value of the asset by implementing strategies to successfully resolve all identifiable issues related to the assets underperformance.
Property types included class “A” office buildings, a 4.2 million square foot industrial complex, land infrastructure development, retail projects of varying sizes, build-to-suit facilities, corporate headquarters buildings, hotel and residential condominiums. The aggregate value of these assets is in excess of $710 million including equity contributed of approximately $200 million. Over the preceding 2 ½ decade period, these investments returned variously an IRR of approximately 13% to 80%.
The investment thesis for the Case Study projects represented below was to acquire distressed real estate assets at discounts to their stabilized market values and then implement repositioning strategies that maximize disposition value and IRR. These successful and proven execution capabilities provide a key and unique element to our clients and strategic partners.
