This fund was launched at the end of 2015 with the goal of finding office properties in multiple states for broader diversification and consistent cash flow. Investors deposited $5,000,000 to buy $20,000,000 of real estate scattered across Missouri, Indiana and Texas with 205,774 square feet. There are seven buildings owned in this portfolio. The aim of this fund is to purchase cash flowing properties that have a broad base of tenants scattered across multiple industries and markets for diversification. Our intended hold period is 5-7 years on this fund, but this will be dependent upon getting tenants renewed and finding strong buyers for our Class A and B buildings.
There are three buildings in the Dallas/Fort Worth submarket representing just under 88k sq ft with multiple tenants. We also own the majority interest of the Burns McDonnell building in a St. Louis submarket called Chesterfield. This is a large engineering firm and is their headquarters. The fund also owns the Wolf building in St. Louis. This is an office and retail space that has had strong occupancy over the years. The final two buildings are in Indianapolis and prior to purchasing them, we had another buyer for one of the buildings lined up to flip the property for a nice profit.