by Daryl R. Hillman | Sep 23, 2018
West Towne Centre DATE PURCHASED: 1993APPROXIMATE ANNUAL DIVIDEND CASH FLOW: 20% The Story: Upon purchase of the West Towne Centre Building, the acquisition team immediately began converting the building from industrial use to commercial multi-tenant use with a new...
by Daryl R. Hillman | Sep 23, 2018
Henday Centre DATE PURCHASED: 2007APPROXIMATE ANNUAL DIVIDEND CASH FLOW: 23% The Story: In 2007 the owners approached the acquisition team in hopes to sell the property, as it was only 50% occupied and had accumulated several years of difficulty up to this...
by Daryl R. Hillman | Sep 23, 2018
Eastgate Centre DATE PURCHASED: 1998DATE SOLD: 2023APPROXIMATE ANNUAL DIVIDENT CASH FLOW: 16.5% The Story: Eastgate Centre was purchased from a receiver in 1998 for $475,000. By the year 2000, condo titling was completed as well as some interior demising and exterior...
by Daryl R. Hillman | Sep 23, 2018
United Furniture & Brick Wearhouse DATE PURCHASED: 1993APPROXIMATE ANNUAL DIVIDEND CASH FLOW: 25.5% The Story: In 1993 the United Furniture & Brick Warehouse was purchased with $320,000 cash and a new 1st mortgage of $890,000 payable over 15 years. The...
by Daryl R. Hillman | Sep 23, 2018
The Westburne Building DATE PURCHASED: 1996APPROXIMATE ANNUAL DIVIDEND CASH FLOW: 15.65% The Story: The Westburne Building was purchased in 1996 and to this day is occupied with the same tenant. In 2015 a newroof and paint job was...
