real assets case studies

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616 E Pine Street 28,000SF Retail & Office Net income in 2008, pre-Real Assets management was $198,000; by 2010, under Real Assets management it increased 25% to $248,000. As leasing broker Real Assets negotiated leases for new and renewing tenants including: Stumptown Coffee, Enterprise Rent-a-Car, Enotes, Rudy’s Barber Shop and PB Architecture. Occupancy increased from 90% to 100% in the twelve months subsequent to Real Assets joining the team. In 2010, after establishing strong operating income, the owners, Heath Properties LLC, invested in a renovation of common areas. Real Assets designed and performed a cost-sensitive green building renovation creating a loft-type office environment. Real Assets Property Services, Inc. Case Study: Retail & Of fice

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Page 1: Real Assets Case Studies

616 E Pine Street 28,000SF Retail & Office •  Net income in 2008, pre-Real Assets management was $198,000; by 2010, under Real Assets management it increased 25% to $248,000. •  As leasing broker Real Assets negotiated leases for new and renewing tenants including: Stumptown Coffee, Enterprise Rent-a-Car, Enotes, Rudy’s Barber Shop and PB Architecture. •  Occupancy increased from 90% to 100% in the twelve months subsequent to Real Assets joining the team. •  In 2010, after establishing strong operating income, the owners, Heath Properties LLC, invested in a renovation of common areas. Real Assets designed and performed a cost-sensitive green building renovation creating a loft-type office environment.

Real Assets Property Services, Inc. Case Study: Retail & Office

Page 2: Real Assets Case Studies

ORB: 240,000 SF Warehouse, Office, Residential FIRST YEAR MANAGEMENT & LEASING ACCOMPLISHMENTS INCLUDE:

•  Closed four leases resulting in a $350,000 increase to annual net income •  Strengthened landlord/tenant relationships compromised under prior management •  Completed two five-year lease renewals totaling 35,000SF at increased rent •  Assisted Owner’s with EPA mandated cleanup of PCB toxins in exterior paint •  Standardized maintenance procedures and contracts with cost-effective, professional

vendors •  Renovated 30,000 square feet of functionally obsolete warehouse space for incoming

showroom/warehouse and live/work tenants. •  Qualified for Seattle City Light incentive that covered cost of lighting upgrade in

renovated space.

Real Assets Property Services, Inc. Case Study: Mixed Use

Page 3: Real Assets Case Studies

6th Avenue, Tacoma: 10,000 SF Retail & Loft •  Purchased distressed and neglected historic building from foreclosure •  Transformed building and improved a blighted neighborhood corner of Tacoma •  Renovated and leased retail vacancies to a wine bar and coffee roaster/café •  Converted residential loft to office and production studio spaces •  Synergized tenant mix and created a vibrant building •  Solved complicated drainage issues underground with innovative cost-effective

solutions •  Achieved 10% annual returns for investors •  Real Assets continues to manage and maintain property to high standards for its quality

tenants

Real Assets Property Services, Inc. Case Study: Mixed Use

Page 4: Real Assets Case Studies

sixth@LANDER 118,000SF Warehouse & Office •  Designed, renovated and rebranded its client, American Life, Inc. •  Owner’s investment of $1,000,000 increased revenue $210,000 annually. •  Real Assets manages the property currently and serves as the leasing broker. •  Occupancy increased from 65% to 95% within eighteen months of Real Assets’ assuming the management role. •  Real Assets recently designed and installed a lighting controls package, paid for by City Light, which saves $7,000 annually. •  Real Assets began a no-cost, full participation recycling campaign in 2010. With tenant’s enthusiastic participation refuse expenses have decreased $1,000 monthly.

Real Assets Property Services, Inc. Case Study: Warehouse & Office

Page 5: Real Assets Case Studies

Seward Park Gateway 10,000 SF Retail •  Adaptive re-use of neglected former grocery store •  Construction and tenant improvements completed by Real Assets Contractor Services, Inc. in 2008 •  Leased by Real Assets Property Services, Inc. to AutoZone, Inc. prior to completion of shell renovation. •  Sold by Real Assets Property Services to private investor in 2009 at a cap rate of 6.9% •  Investors in Seward Park Gateway LLC were returned a 35% profit over the two years that real estate indices dropped 30%

Real Assets Property Services, Inc. Case Study: Retail Revitalization

Page 6: Real Assets Case Studies

Orchard Court 15,000SF Retail •  Construction completed by Real Assets Contractor Services, Inc. in 2008 •  Leased by Real Assets Property Services, Inc. during 2008 – 2009 retail recession. Leased 75% in 2009. By close of 2010 shopping center was 90% leased. •  Tenants include United States Government (Army Recruiting Office), 7-Eleven Corporation, 911 Driving School, Pizza Factory, Holt Chiropractic & Massage. •  Distinctive and cost-saving design by Real Assets and Soluri Architects •  Tenant improvements designed and coordinated with tenants and performed by Real Assets •  Managed by Real Assets Property Services, Inc.

Real Assets Property Services, Inc. Case Study: Retail Shopping Center