Current Investment Opportunities

ZRP Commerce Centre

17097 Airline Highway, Prairieville, LA 70769

15.85%Target IRR (Yr 5)
3.10xEquity Multiple
$3,000,000Total Equity
6.2%Avg Cash-on-Cash
7.1%Going-In Cap
10 yearsTarget Hold
34k sfTotal Area
72%Occupancy
7 yearsAvg Tenure
2%Submarket Vacancy
Investment Thesis

Why Commerce Centre?

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Value-add entry into Louisiana's most affluent suburb

Class A, 2015-built strip center fronting Airline Highway in Prairieville (Baton Rouge MSA), acquired at a 7.06% going-in cap and a ~39% discount to replacement cost. With 28% vacancy and in-place rents ~21% below market, ZRP projects approximately 68% NOI growth to stabilization in Year 4:

  • Capitol Wellness Solutions (5,360 SF)
  • Geisha Sushi (4,497 SF)
  • Hot Tails (3,450 SF)
  • Blue Agave (3,027 SF)
  • Hannah Q. Smokehouse (1,428 SF)
Completed Transactions

Recently Closed Deals

A selection of recently completed investments across our core asset classes.

Avalon Crossing Shopping Center

Indianapolis, IN · Neighborhood Retail

Rents 31% below market · Acquired below replacement cost

Three-building neighborhood retail center on Indianapolis’s northeast side, anchored by Starbucks, Dollar Tree, and Entenmann’s. 38% of base rent rolling with in-place rents 31% below market — clear path to NOI growth through active leasing.

Closed

Cherokee South Plaza

Overland Park (Kansas City), KS

Core-plus, affluent & supply-constrained Midwest submarket

Infill neighborhood retail center benefits from supply-constrained submarket, strong household incomes and a proven tenant mix spanning essential services, medical and experiential retail.

Closed

Stony Point Village

Richmond, VA MSA · Neighborhood Retail

Value-add repositioning · Below replacement cost basis

Grocery-shadow-anchored neighborhood retail center. Lease-up and capital improvement program drove significant NOI growth.

Closed

Jacksons Courtyard

Nashville, TN MSA · Neighborhood Retail

61% discount to replacement · 55% NOI increase · 44.1% IRR · 4.20x MOIC

Undermanaged retail center acquired at significant discount. Intensive leasing and capital improvement program.

Closed

Galleria Commons

Charlotte, NC MSA · Neighborhood Retail

Pre-leased vacant space prior to closing

Acquired from a partnership in liquidation. Repositioned through aggressive leasing, fully stabilized within a short hold.

Closed

Director’s Row

Indianapolis, IN MSA · Industrial / Flex

Multi-tenant flex complex · Strong lease-up execution

Industrial flex acquisition in high-demand submarket. Active management and tenant retention strategy delivered stable cash-on-cash returns.

Closed

ZRP Waldorf

Washington, D.C. MSA · Self-Storage

Lease-up to stabilization · Institutional-quality asset

Purpose-built self-storage facility in supply-constrained submarket. Achieved stabilized occupancy ahead of schedule.

Closed