Long Wharf’s investments are based on finding value in underappreciated situations — opportunities we uncover based on our team’s vast network of contacts and partnerships in the industry and unique market insights from years of experience.

Diverse investments. Value is the common denominator.

All Office Retail Industrial Multifamily Other
  • 333 Centennial Boulder, CO

    333 Centennial

    Boulder, CO

    Description

    • 2017 acquisition of a 404,000 square foot industrial building in Louisville, CO; 10 minutes from downtown Boulder

    Opportunity

    • Acquire at a discount to replacement cost in a highly occupied submarket experiencing significant industrial demand coupled with decreasing inventory
    • Execute a capital improvement plan to reconfigure vacancy and subsequently offer a large block of functional space
    • Roll in-place rents to market
  • West End Portfolio Dallas, TX

    West End Portfolio

    Dallas, TX

    Description

    • 2015 acquisition of a 223,000 square foot, four-building creative office portfolio in the historic West End district of Dallas, TX

    Opportunity

    • Market experiencing strong growth in demand for creative office space with extremely limited inventory
    • Engage professional management and effectively brand buildings
    • Increase parking ratio to broaden tenant base
    • Roll in-place rents to market and manage tenant expirations over the hold period
  • Georgia 400 Center Atlanta, GA

    Georgia 400 Center

    Atlanta, GA

    Description

    • 2015 acquisition of a 416,000 square foot, three-building Class A office complex and ~55 acres of mixed-use zoned land in Atlanta’s North Fulton submarket

    Opportunity

    • Execute modest lease-up and roll rents to market at office buildings
    • Evaluate options for unlocking significant embedded value in the land parcel via land sales for retail, multifamily, and office development
  • Westmont Village Apartments Chicago, IL

    Westmont Village Apartments

    Chicago, IL

    Description

    • 2015 acquisition of a 558-unit multifamily project in Westmont, IL, a southwestern suburb of Chicago
    • Located in an infill neighborhood of an established high-quality middle class community with high barriers to entry

    Opportunity

    • Since inception, the complex was divided into 93 individual ownership units of 6 units each and had no centralized property management or leasing
    • Acquire all 93 individual ownership units, thereby unifying the previously fractured ownership structure, take control of the homeowner’s association, and collapse the property into one institutional ownership interest
    • Install professional property management and leasing, execute exterior and interior capital improvements, and roll rents to market
    • Construct clubhouse, leasing, and amenity complex to enhance tenant experience
  • 133 West 52nd Street New York, NY

    133 West 52nd Street

    New York, NY

    Description

    • 2015 acquisition of a 54,000 square foot commercial office condo in New York, NY
    • Located in the base of a fully-renovated luxury residential condominium tower in the heart of midtown Manhattan

    Opportunity

    • Space offers a “building within a building” with unique features including private ground-floor lobby, exterior signage, and first class amenities (outdoor terrace, gym, and tenant lounge)
    • Rent to single tenant or multi-tenant users based on flexible floor plates allowing optionality to tap into significant demand from small to medium-sized tenants
  • The Arboretum Chicago, IL

    The Arboretum

    Chicago, IL

    Description

    • 2011 acquisition of a 420,000 square foot lifestyle retail center outside of Chicago in South Barrington, IL

    Opportunity

    • Acquire recently built, well-located center at a substantial discount to replacement cost from the lender who had initiated foreclosure proceedings against the original development team
    • Re-set low basis allows for creation of an optimal tenant mix to enhance the value of the property

    Result

    • Re-tenanted the center with national and regional retailers and restaurants
    • Sold the property in 2015
  • The Hotel at Avalon Atlanta, GA

    The Hotel at Avalon

    Atlanta, GA

    Description

    • Development of a full-service, 330-key Marriott Autograph Collection hotel and 43,000 square foot conference center within the thriving mixed-use Avalon project in Alpharetta, GA

    Opportunity

    • City to act as a financial sponsor of the transaction and provide approximately $25 million of public financing towards total project costs
    • Capitalize on strong demand for new full-service hotel rooms and meeting space in high-growth submarket
    • Construct and operate best-in-class hotel
  • Park 1200 Denver, CO

    Park 1200

    Denver, CO

    Description

    • 2012 acquisition of a 1.2 million square foot industrial and office park on 106 acres of land in Westminster, CO
    • Located just off I-25 near public transportation to downtown Denver and retail amenities

    Opportunity

    • Acquire at a substantial discount to replacement cost and comparable sales in the market
    • Reposition the property into a Class A industrial park and lease-up into an improving market with limited Class A industrial space available

    Result

    • Renovated 500,000 square foot industrial building
    • In 2014, sold 300,000 square foot office building originally intended to be demolished
    • In second half of 2016, sold 26-acre eastern industrial land parcel, southern multifamily land parcel, and 91% leased renovated industrial building to three separate buyers
  • 195 Montague Brooklyn, NY

    195 Montague

    Brooklyn, NY

    Description

    • 2014 and 2015 acquisition of six floors and two ground level retail spaces encompassing 141,000 square feet of a Class A office building in downtown Brooklyn, NY
    • Extremely well-located with strong access to entertainment, amenities, affluent residential neighborhoods, and transportation

    Opportunity

    • Implement a multi-tenant lease-up coupled with select building renovations in an extremely strong office market
  • Riverwalk at Millennium Philadelphia, PA

    Riverwalk at Millennium

    Philadelphia, PA

    Description

    • 2015 acquisition of a 375-unit, Class A apartment complex in Conshohocken, PA along the Schuylkill River
    • Located in one of Philadelphia’s top suburban office markets with immediate access to major interstates and easy access to Philadelphia’s CBD via commuter rail

    Opportunity

    • Execute interior renovation of the 2005-built units and interior modernization of the 2010-built units in order to bring rents in line with the competitive set
    • Upgrade clubhouse common areas including lobbies and fitness center as well as residential corridors
  • 356-366 10th Avenue New York, NY

    356-366 10th Avenue

    New York, NY

    Description

    • 2011 acquisition of 356-366 10th Avenue, a land parcel located between 30th and 31st Street on 10th Avenue in New York City
    • Located on the southern boundary of the Hudson Yards redevelopment area, two blocks from Penn Station, and directly opposite the acclaimed High Line Park

    Opportunity

    • Purchase the property from the lender following the foreclosure of the prior owner at a significant discount to the prior owner’s cost basis
    • Create development plans to sell with land parcel as Hudson Yards submarket of West Midtown Manhattan experiences significant development momentum

    Result

    • Sold the land parcel to a developer to in 2013
  • Willowbrook Plaza Houston, TX

    Willowbrook Plaza

    Houston, TX

    Description

    • 2012 acquisition of a 384,000 square foot retail power center in Houston, TX
    • Located in a super-regional retail trade area with strong demographics and a heavy concentration of national retail tenants surrounding the property

    Opportunity

    • Acquire at a significant discount to replacement cost providing the flexibility to lease-up and re-tenant at competitive rents
    • Prior to closing, execute a long-term lease with an anchor tenant
    • Implement physical improvements to the property and moderate additional leasing to stabilize the center

    Result

    • Executed a long-term 92,000 square foot lease with a national retail tenant prior to closing that significantly reduced the investment’s leasing risk
    • Leased 100,000 square feet of additional space in center and sold in 2015
  • Sawgrass Lake Center Ft. Lauderdale, FL

    Sawgrass Lake Center

    Ft. Lauderdale, FL

    Description

    • 2014 acquisition of a 239,000 square foot, Class A office building in Sunrise, FL, a strong office submarket of Fort Lauderdale
    • Close to major transportation arteries, offers structured parking, a fitness center, an on-site café, and is within walking distance to many retail and dining options

    Opportunity

    • Renew or re-lease a substantial portion of the building’s tenants over the hold period while rolling rental rates up to market
  • Village on the Parkway Dallas, TX

    Village on the Parkway

    Dallas, TX

    Description

    • 2011 acquisition of a 380,000 square foot shopping center north of Dallas in Addison, TX
    • Located on the Dallas North Tollway with attractive visibility and convenient access from major thoroughfare

    Opportunity

    • Acquire following the economic downturn after formerly strong occupancy declined to 50% and the property was taken over by the loan special servicer
    • Redevelop and release with new anchor tenants in infill location surrounded by office, retail, and residential neighborhoods representing one of the few remaining value-added opportunities within the submarket

    Result

    • $50 million redevelopment of the site with grocer, restaurant, and entertainment tenants re-anchored the center and drove additional leasing that stabilized the property
    • Sold the property in 2015
  • Atlanta Industrial Portfolio Atlanta, GA

    Atlanta Industrial Portfolio

    Atlanta, GA

    Description

    • 2015 and 2016 development of a five-building industrial portfolio totaling 696,000 square feet in the northern Atlanta metros of Acworth and Lawrenceville, GA
    • Sites are located in infill locations with close proximity to major transportation nodes

    Opportunity

    • Industrial demand has increased in Atlanta but there has been limited new supply due to a significant shortage of developable sites
    • Develop five industrial facilities at established infill sites to meet rising demand for large blocks of high quality space
  • Woodland Park Corporate Center Boston, MA

    Woodland Park Corporate Center

    Boston, MA

    Description

    • 2010 acquisition of two office buildings totaling 275,000 square feet in Andover, MA
    • Located in a master-planned office/R&D park situated at the intersection of I-93 and I-495, a lower cost alternative to other Greater Boston tech centers

    Opportunity

    • Acquire properties from the lender following foreclosure of the prior owner at a deep discount to replacement cost
    • Very low cost basis enables redevelopment and re-leasing strategies that would effectively re-set the basis and allow the properties to aggressively compete on price with other comparable space offerings in the market

    Result

    • Redeveloped properties into 300,000 square feet of Class AA space and leased to a Fortune 500 global company on a long-term basis
    • Sold the properties in 2014 and 2015
  • The Slade Tampa, FL

    The Slade

    Tampa, FL

    Description

    • 2015 bulk acquisition of 214 units in a multifamily property in the Channelside district of Tampa, FL
    • Originally built as condominiums in 2009 and partially sold before being leased as a multifamily property

    Opportunity

    • Submarket experiencing considerable growth including entertainment, dining, professional sports, and proximity to Tampa CBD
    • Upgrade unit interiors and modernize amenities to roll in-place rents to market
    • Purchase additional units when combination of unit pricing and rental rates are accretive
    • Acquisition basis materially below comparable trades and replacement cost for a newer vintage asset
  • Central Avenue Teterboro, NJ

    Central Avenue

    Teterboro, NJ

    Description

    • 2011 acquisition of 100% vacant 210,000 square foot warehouse distribution center located in the Meadowlands submarket of Teterboro, NJ

    Opportunity

    • Located in one of the most stable and desirable industrial submarkets in the US with proximity to major highways, Teterboro and Newark airports, and broader NYC metro
    • Limited new supply in market struggling to meet rising demand
    • Low acquisition basis provides flexibility to lease up at low end of market rents

    Result

    • Leased 100% vacant property to three tenants within six months after closing
    • Sold the property to a core institutional buyer in 2012
     

The investments listed above are representative of the types and quality of properties we have acquired.
A full list of investments is available to qualified investors upon request.

Target Investment Criteria

Property Types:

Office, Retail, Industrial, Multifamily, Hospitality

Gross Property Value:

$25 - 150 million

Investment Strategies:

Lease-Up, Repositioning, Recapitalization, Management Turnaround, Development

Geography:

Primary and Secondary U.S. Markets

Investment Structures:

Equity Joint Ventures, Preferred Equity, Fixed-Rate Mezzanine

Average Hold Period:

3-5 Years