Date of Acquisition
October 2018

Scope of Transaction
$20.5 million

Size of Property
130,378 SQF

Funding
55%

Equity
$10 million

Investment by Brightman-Gil
$10 million / 100% of the equity
4501 North Point Pkwy
Alpharetta, Atlanta, GA

A Class A Office building, located in Alpharetta, GA. The building was purchased with an 88% occupancy rate.

About half of the property is being leased to an anchor tenant, TSYS, a large payment solutions company, traded in NYSE with a market cap of $16.7 Bn.

The property is located in Alpharetta, one of the fastest growing sub-markets in the Atlanta MSA.

The average rent in the property is 15% below market rent, which leaves a great room for upside upon renewal of ongoing leases.

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Transaction Details

10/2018
Acquisition

$20.5M
Scope

130,378
SQF

55%
Funding

$10M
Equity

$10M
B&G Invested