10101 Woodfield

• 82,742 square foot office building in St. Louis, MO.
• Acquired in October 2014.
• 74% occupied at acquisition to an healthcare tenant with a AA- credit rating on a 10-year lease with a “must-take” for the remaining vacancy within 3 years. High 9% return on cost after must-take.
• Financed with a non-recourse, long-term fixed rate senior loan with prepayment flexibility.

Investment Highlights

• Improved building management procedures to reduce operating expenses.
• Negotiated an early exercise of the anchor tenant “must-take”.
• Sold the property in March 2017.