Laumeier / Westport

• 384,932 square foot 4-building office portfolio throughout suburban St. Louis, MO.
• Acquired in November 2013 at 88% occupancy.
• Business plan to increase occupancy and net operating income through completion of common area renovations and aggressive leasing programs to improve occupancy and tenant retention.

Investment Highlights

• Sold one property within six months of the acquisition, generating a profit to the allocated basis.
• Completed $1.5mm of building system and common area upgrades.
• Increased occupancy from 88% at acquisition to 99% upon stabilization.
• Sold remaining three properties in May 2017.