STRATEGIES

Retail Storage Office

Investing

neighborhood retail

Ziff Real Estate Partners invests in grocery anchored and unanchored neighborhood centers and has produced superior returns through a disciplined acquisition process and by serving the needs of our tenants and communities with attentive, in-house property management and leasing. We are focused on acquiring undermanaged properties in strong locations with population and income growth and investing in and upgrading the physical property. Our leasing team curates our centers with necessity- based businesses that are internet resistant.

Current Investment

Stony Point Village is a 114,000 square foot neighborhood center in the Bon Air area of Richmond, Virginia. The property was purchased from a private equity investor who had outsourced property management and after losing its grocery anchor and other tenants, was 40% vacant. Acquired in 2019, we are ahead of schedule in the execution of our property improvement and releasing plan. Our leasing team signed Trader Joe’s as the new grocery anchor and we were able to complete a full renovation in less than 6 months, on-time and on-budget for the October 2020 opening. We will further invest in the common areas and add high-traffic tenants such as Virginia ABC; we expect to materially exceed our conservative, pro-forma investment returns.

Stony Point Village

storage

We are opportunistic developers and redevelopers of self-storage properties and we seek to acquire undermanaged facilities in markets that are undersupplied, maximize occupancy and NOI, and sell in a disciplined fashion. In the past 5 years our team has developed or redeveloped 13 Class A storage facilities with a total of more than 1,000,000 SF.

Current Investment

Our 64,450 square foot 707-unit Class A storage facility in Knoxville, TN was the redevelopment of a defunct U.S. Golf building. Opened in May of 2020, the facility is managed by Extra Space and is ahead of initial lease-up projections.

Through Careful diligence, our acquisitions team identified this parcel, the last remaining parcel zoned for self-storage in the Farragut Market, which will limit future competition.

Extra Space, Knoxville

office / industrial

Ziff Real Estate Partners pursues a value-add strategy in the office and flex industrial sectors and has produced compelling returns by serving the needs of a diverse pool of small businesses. We typically seek to redevelop undermanaged properties of 50,000-150,000 square feet in infill locations with access to major roadways and/or proximity to desirable amenities and services.

Recent Transaction

Garlington Park is a 119,734 square foot business park ideally located near the I-85/385 interchange providing easy access and brief travel times to anywhere within the Greenville and Spartanburg MSA’s. The property is comprised of 4 buildings with flex, office and warehouse space and was built between 2001-2008. Acquired in 2018 from an undercapitalized private owner, the property suffered from deferred maintenance and below market rents. ZRP has invested in the property, reduced vacancy, and increased rents, driving a 20% unrealized IRR to date.

Garlington Park

Investing with Ziff Real Estate Partners

When you invest with ZRP you invest alongside our internal partners who for 30 years have produced outstanding risk-adjusted returns by adhering to a disciplined acquisition process and utilizing our vertically integrated in-house property management, construction, leasing and asset management teams.

Our investors range from accredited individuals to family offices who invest between $25,000 and $5,000,000 per transaction; qualified investors generally include any of the following:

  • An individual earning income greater than $200k for the last 2 years with the expectation of earning the same in the current year
  • An individual with joint spousal income greater than $300k for the last 2 years with the expectation to earn the same in the current year
  • An individual with net worth, or joint spousal net worth of greater than $1MM excluding primary residence
  • A business entity in which all the equity owners are accredited investors
  • Any other person who is an accredited investor as defined in Rule 506 of Regulation D of the SEC

For additional information and our performance history, click below:

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