Second Horizon Capital’s Post

NEW: When a mysterious web of connected companies started buying up building after building on a stretch of Pacific Heights, business owners in the area were hopeful that the infusion of capital could help buoy and revive the close-knit retail community that had been struggling since the pandemic. But, months after the properties traded hands, the vision of Upper Fillmore’s newest investor is coming into focus: And it does not appear to include several of the mom and pop businesses that have anchored the street for decades. #sanfrancisco #realestate #commercialrealestate #restaurants #investment #venturecapital #retail San Francisco Chronicle

I never had the chance to share this huge milestone when it happened, as I was waiting for the green light from our legal team. But now, I am beyond excited to share the news: we’ve officially closed on the Portofino Club Apartments! This stunning 230-unit, garden-style apartment complex located in Jacksonville, FL, is now part of the Blue Vikings Capital portfolio. We are incredibly proud to have brought over 30 investors into this deal, negotiating fantastic returns within our fund. As always, I have personally invested in this opportunity, just as I do with every deal I bring to our investors. Why did I choose Portofino Club Apartments? Location, Location, Location! Situated in the affluent Hidden Hills neighborhood, it boasts proximity to major employment centers like the Hidden Hills Golf Club, Heritage Beach, Regency Square Mall, and downtown Jacksonville. Strong Market Fundamentals: Jacksonville offers strong job growth, population expansion, and industry diversification. The area’s median household income of $83K and a rent/median income ratio of 20% further underscore its appeal. Value-Add Potential: With plans for modernizing interiors and enhancing amenities, we anticipate significant rent growth, providing a great return on investment. The property’s high occupancy rate in the past 12 months demonstrates its desirability. Exceptional Team: The success of this investment is backed by the stellar team at ATX Acquisitions, who have a proven track record with over 100 assets acquired, totaling over $2 billion in value. Their extensive experience and strategic vision will drive the success of this investment. We are excited about the future of Portofino Club Apartments and look forward to seeing the positive impact this investment will have on our portfolio and our investors’ returns. Thank you to all our investors for your trust and support. Here’s to great success together! #bluevikingscapital #multifamilyinvesting #realestateinvesting #passiveinvesting #wealthbuilding #financialfreedom #happyinvestors

San Antonio, TX, March 21, 2024 -- Headwall Investments, LLC, a Texas-based commercial real estate development and investment firm, announced today it finalized a pivotal acquisition, The Colonnade Retail Center in San Antonio, TX, to inaugurate its Shopping Center Fund II portfolio and significantly advance toward the target fundraising goal of $100 million. This acquisition was completed in joint venture with SageView Partners. It serves as a major catalyst for expansion of Headwall's specialized platform, targeting unanchored convenience retail centers in major Texas metro markets. This strategic move commences as they continue to pursue their fundraising goals, which remain ongoing until they achieve their stated target. Headwall plans to deploy this capital throughout the remainder of this year and into 2025-26, capitalizing on the distinct growth opportunities within this dynamic sector and adding scale in a fragmented ownership market. The seller was represented by Jim Lundblad of Endura Advisory Group/CORFAC International. Major Tenants: Firehouse Subs Great Clips Inc. The Honey Baked Ham Company, LLC First Watch Restaurants PJ's Coffee of New Orleans "We are thrilled to launch our Shopping Center Fund II with such a well-known asset in our hometown. Our team looks forward to expanding our thesis to other Texas MSAs over the coming months and would like to express our gratitude to our partners who have helped make this a reality." - George Wommack, Founder & CEO of Headwall Investments, LLC. Read more about The Colonnade and Headwall Shopping Center Fund II in the press release below. https://lnkd.in/gAEtAJPS #foodandservicecenters #convenienceshopping #unanchoredretailinvesting

Westmount Square Capital is thrilled to announce our newly formed joint venture with Olive Tree Holdings on the successful, off-market, acquisition of The Life at Forest View, a 520-unit premier multifamily property located in the #Houston MSA (Texas). This strategic partnership will lean on Westmount Square Capital's creative capital structuring, acute asset management, and will inject a fresh business plan to revitalize and optimize the community. The Life at Forest View, known for its thoughtfully designed one, two, and three-bedroom units, had been going through an improvement plan. The new ownership structure will build upon the property's existing strengths while implementing targeted improvements to enhance the overall resident experience. Such improvements will include: *Improving operational efficiency  *Property rebrand to enhance reputational scores *Renovate unit interiors and common areas *Enhancing amenities, exteriors and resident services WSC is thrilled to add The Life at Forest View to its portfolio, its first entree into #Texas, and to partner with OTH. This property has tremendous potential and we look forward to working closely with the incumbent team to unlock its full value. This acquisition aligns perfectly with our investment strategy of identifying properties in strong fundamental regions where the macroeconomic environment has exposed short term obstacles while offering long-term value. We see significant opportunities to create value for our investors, partners, and the residents of the property. This acquisition represents an exciting opportunity to diversify our portfolio outside of Florida while maintaining the core tenets of our business in identifying landlord and business friendly states, with strong economic fundamentals, and a purpose of offering quality and affordability for all tenants. #distress #valueadd #houston #southwest #texas #multifamilyinvesting #multifamily

Most of my investments are apartment buildings right now, but there’s one asset I’m very bullish on. No deal in this asset yet, but we’re in the hunt and it’s not something I ever thought of investing in. We’re really excited about RV parks. We’ve been analyzing deals and exploring partnerships. We thought one looked good but backed out because we felt the operations team was too new and growing too fast. 24 purchases in 2 years 0 exits so far 6 more deals under contract Why is this a red flag? 🚩 I don’t want to invest with a group that is growing too fast. It takes time to establish operations and there's a difference between scaling a company and managing an investment portfolio. This many acquisitions in this short period of time makes me feel like there's more focus on scaling a company than managing assets. Ever thought of investing in RV parks?

As Mike Tyson once said, everyone has a plan until you get punched in the face. This very much applies to real estate. A what feels like perfect plan results in a different outcome for reasons out of your control. In 2019 we acquired a shopping center, navigated the pandemic and executed 2 new leases, completed our development plan which materially reimagined the look and feel of the center, leased up the balance of our vacant space (including an end cap that had been vacant for over a decade) and extended all 3 anchor tenants. Great result. Then less than 12 months after we extended our largest tenant for 10 years we received news of the tenant’s bankruptcy and a potential lease rejection including our store. Major change. This was not a part of our plan. We huddled up with our partners (leasing, legal, investors, lender, architect, contractor) and put an updated plan in place. In the end, our openness, colloboration and creativity resulted in a 10 year lease with an investment grade credit tenant that will invest heavily in the store, complement our tenant mix, and drive greater traffic to the center. The result not perfect but a great outcome given the cards we were dealt. As always, great partners and a willingness to lean in to the tough stuff makes the difference. Thank you to our partners at Newmark led by John Jennings, the team at Harvest LLP led by Fernando Landa and of course our team at SENTRE for making great things happen in a tough environment. #SENTRE #Builtforthis #Partnership #Development #Retail #Reimagined

Dog days of summer thoughts on the Modern Frontier’s commercial real estate market in Oklahoma City for 2024. As Oklahoma City continues to shine as a hub of growth and opportunity. There is a lot to explore and capitalize on. Oklahoma City in 2024 is ripe with diverse opportunities for the general public, investors, and owner-users, showcasing a balanced mix of stability and growth. Market Overview - Economic Strenght & Growing Population  The economy’s resilience has been strengthened by efforts to diversify, particularly in urban areas, along with an already robust energy sector, manufacturing, and agriculture, and consistent population growth. Key Segments  Community-Centric Centers: Smaller retail centers catering to local communities with essential services and specialty stores are performing well, providing stable investment opportunities. Hybrid Work: Investors can capitalize on properties that offer adaptable layouts and modern amenities. Suburban Surge: Suburban areas are experiencing an uptick in office space demand as companies seek cost-effective alternatives to downtown locations. Considerations Regulatory Environment: Keeping abreast of zoning laws, tax incentives, and other regulatory changes is vital for making informed investment decisions. https://lnkd.in/gw8VReQd

We believe in Memphis and soon many more will too. STREETINSIDER.com "GRJ, LLC Announces Strategic Expansion into Memphis Real Estate Market with Acquisitions of over 1000 Apartments in Tennessee" "We believe that Memphis is the next great investment opportunity in the country," founder Gregory Jones said when asked about the choice of location for this new series of investments. "The economic vibrancy of that region is unmatched." https://lnkd.in/eX9D_wEM #realestatedevelopment #realestatedeveloper #realestatedevelopers #renovation #development #investing #realestateinvesting #realestateinvestor #realestateinvestors 

Excited to announce a compelling investment opportunity in partnership with Disrupt Equity and TEM Capital: The Ridley. Positioned strategically within the vibrant Galleria/Uptown area, this property seamlessly combines convenience with luxury, presenting an enticing proposition for value-added investment. With its prime location offering easy access to key thoroughfares and Houston's bustling employment centers, The Ridley attracts a discerning, affluent demographic. Here are some key investment highlights: - Promising Value-Add Potential - Surrounded by Affluent Demographics - Impressive Submarket Occupancy Rate, averaging 91.1% over the past twelve months - Limited Competition, with only one multifamily property currently under construction in the submarket - Proximity to Major Thoroughfares and Employment Hubs - Well-maintained property, having undergone $3.875 million worth of capital improvements in the previous five years. Don't miss out on the opportunity to be part of this exciting venture. Click this link to learn more about investing in The Ridley today! https://lnkd.in/g7w4PcQ4

 Exciting News! I'm thrilled to announce the recent acquisition in Cedarburg of a roughly 35,000 sqft light industrial building with the incredible support of my dedicated team!  Working with Paul Sackmann at Old National Bank was an awesome experience. Thomas McCrossin provided invaluable assistance with the post-closing tenant and space strategy, while Eran Linker, one of my key equity partners, consistently demonstrated the readiness and capability to propel us forward at every opportunity. This spacious property is not only a testament to our collective vision and hard work but also marks an exciting opportunity for businesses looking for prime space. With its strategic location and versatile layout, it's primed to accommodate a wide range of ventures. But that's not all – this acquisition is just the beginning! We're actively seeking more opportunities to expand our portfolio and invest in promising properties. If you're considering leasing, selling, or investing, in commercial real estate, don't hesitate to reach out. Let's connect and explore how we can work together to unlock the full potential of this dynamic market!  #CommercialRealEstate #InvestmentOpportunity #TeamWork #ExpansionPlans #MHConcepts