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
  • One Southwest Crossing Minneapolis, MN

    One Southwest Crossing

    Minneapolis, MN

    Description

    • 2020 acquisition of a distressed 246,000 square foot Class A office building in Eden Prairie, MN, a southwestern suburb of Minneapolis
    • Situated directly on I-494 providing excellent visibility and access and within walking distance to light rail stop scheduled to open in 2023
    • Building has ample parking and large floor plates, making it an attractive option in a metro with the most corporate headquarters per capita in the U.S.

    Opportunity

    • Capitalize on a low acquisition basis in a strong submarket benefiting from the shift in tenant demand from the CBD to the suburbs
    • Reposition the property through a large-scale renovation of the outdated lobby and atrium, providing tenants with collaboration space outside of their individual office suites
  • Townhomes at Mountainview Seattle, WA

    Townhomes at Mountainview

    Seattle, WA

    Description

    • 2019 acquisition of a well-occupied 220-unit multifamily community in Puyallup, WA
    • Located at the intersection of multiple highways and proximate to major employment drivers; 35 miles south of Seattle and 10 miles east of Tacoma
    • Property consists of unique large townhome-style units that provide a single-family feel

    Opportunity

    • Acquire an asset in a submarket undergoing strong rent growth due to the relocations of major economic and employment drivers from Seattle to the southern markets
    • Renovate the unit interiors to achieve rental growth
  • Buckhead Tower Atlanta, GA

    Buckhead Tower

    Atlanta, GA

    Description

    • 2018 acquisition of a 350,000 square foot Class A office building in the Buckhead submarket of Atlanta, GA
    • Adjacent to the Lenox Square Mall, attached to a luxury hotel, and one block from a MARTA station

    Opportunity

    • Renew a portion of the building's tenants over the hold period while rolling rental rates up to market
  • International Drive Value Center Orlando, FL

    International Drive Value Center

    Orlando, FL

    Description

    • 2018 acquisition of a 95% leased, 186,000 square foot value-oriented retail power center in Orlando, FL
    • Located in Orlando's Tourist Corridor - one of the highest performing retail submarkets in the U.S.

    Opportunity

    • Purchase a cash flowing asset in a highly desirable retail submarket
    • Restructure the leases of key tenants and increase the lease term throughout the center
  • Arlo Westchase Houston, TX

    Arlo Westchase

    Houston, TX

    Description

    • 2018 acquisition of a 265-unit Class A multifamily property in the heart of Houston’s Westchase district
    • Centrally located with proximity to top employment centers

    Opportunity

    • Purchase a recently built high-quality multifamily property in a market with a growing renter base and low levels of supply
    • Implement a light capital improvement plan and roll the rental rates to market
  • Gateway Logistics Center Dallas, TX

    Gateway Logistics Center

    Dallas, TX

    Description

    • 2019 development of five Class A industrial buildings totaling 1,413,000 square feet on the south side of the Dallas Fort Worth International Airport in Irving, TX
    • Center consists of three cross-dock and two rear-load buildings with 28'-36' clear heights
    • Excellent visibility with great access to the airport, Dallas, and Fort Worth

    Opportunity

    • Due to e-commerce expansion, absorption in the industrial sector continues to outpace supply resulting in low vacancy rates and rent growth
    • Additional demand created by the property's centralized location within the metro and proximity to the airport

    Result

    • Completed construction of all buildings in 2019
    • Signed seven leases bringing the center to 96% leased
    • Sold the property in 2020
  • Peter's Landing Huntington Beach, CA

    Peter's Landing

    Huntington Beach, CA

    Description

    • 2017 off-market acquisition of a 78% leased, 97,000 square foot retail / office complex with direct marina access in the Sunset Beach corridor of Huntington Beach, CA
    • Extensive frontage along the Pacific Coast Highway provides excellent visibility

    Opportunity

    • Invest in a unique waterfront asset in a market with limited vacancy and high barriers to entry
    • Reposition the asset through physical improvements and the addition of dining / entertainment tenants
  • The Luminary Dallas, TX

    The Luminary

    Dallas, TX

    Description

    • 2017 sale-leaseback of an existing 58,000 sf office building and the development of an adjoining 105,000 sf office building and parking garage in the West End neighborhood of Dallas, TX
    • Owner-occupier of the existing building will expand into 50% of the entire space, leaving 82,000 sf of brand new Class A office space available with unmatched views of and visibility from Dallas CBD/Uptown

    Opportunity

    • Acquire a well-located asset and develop 105,000 sf of new space
    • Mitigate the leasing risk through 50% of pre-leasing with the long-term tenant, while capitalizing on the demand for innovative office space in the Dallas CBD
  • 333 Centennial Boulder, CO

    333 Centennial

    Boulder, CO

    Description

    • 2017 acquisition of a 51% occupied, 408,000 square foot industrial building in Louisville, CO; 10 minutes from downtown Boulder

    Opportunity

    • Acquire at a discount to replacement cost in a submarket experiencing significant tenant demand coupled with decreasing industrial inventory
    • Execute a capital improvement plan to reconfigure the vacant space and offer a functional block of space in a highly occupied submarket
    • Roll in-place rents to market

    Result

    • Renewed the two existing tenants and completed the capital improvement plan
    • Signed 200,000 square feet of leases, bringing the property to 100% leased
    • Sold the property in 2020
  • 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

    • Acquire a portfolio of assets in a market experiencing strong growth in demand for creative office space with extremely limited inventory
    • Engage a professional management firm and effectively brand/market buildings
    • Increase the parking ratio to broaden the tenant base
    • Roll the in-place rents to market and manage tenant expirations over the hold period
  • Westmont Village Apartments Chicago, IL

    Westmont Village Apartments

    Chicago, IL

    Description

    • 2015 acquisition of a 558-unit multifamily project located in Westmont, IL, an established high-quality middle-class suburb southwest of Chicago

    Opportunity

    • Acquire all 93 individual ownership interests, thereby unifying the previously fractured ownership structure, take control of the HOA, and collapse the property into one institutional ownership interest
    • Install institutional property management and leasing, execute exterior and interior capital improvements, and roll the rents to market
    • Construct a clubhouse, leasing center, and amenity complex to enhance the tenant experience

    Result

    • Acquired all individual ownership interests, collapsed the HOA, and converted the project to a conventional apartment property with single ownership and institutional property management
    • Completed the capital improvements and constructed a new clubhouse, leasing center, and a pool
    • Sold the property in 2018
  • 133 West 52nd Street New York, NY

    133 West 52nd Street

    New York, NY

    Description

    • 2015 acquisition and renovation 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 a private ground-floor lobby, exterior signage, and first class amenities (outdoor terrace, gym, and tenant lounge)
    • Lease to single tenant or multi-tenant users based on the flexible floor plates allowing for the optionality to tap into the demand from small to medium-sized tenants

    Result

    • Completed all interior renovations
    • Sold the property in 2018
  • The Hotel at Avalon Atlanta, GA

    The Hotel at Avalon

    Atlanta, GA

    Description

    • 2018 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

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

    Result

    • In 2020 Long Wharf sold the hotel, but will remain a preferred equity investor in the property for up to three years
  • 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 the 500,000 square foot industrial building
    • In 2014, we sold the 300,000 square foot office building originally intended to be demolished
    • Sold the 26-acre eastern industrial land parcel, southern multifamily land parcel, and 91% leased renovated industrial building to three separate buyers in 2016
  • 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 Philadelphia’s CBD via commuter rail

    Opportunity

    • Renovate the interiors of the 2005-built units and modernize the interiors of the 2010-built units in order to bring the rents in line with the competitive set
    • Upgrade the common areas including the clubhouse, fitness center, pool area, and residential corridors

    Result

    • Renovated the common areas, including the leasing center, business center, pool area, and clubhouse and added a new fitness center and on-demand fitness studio
    • Upgraded 290 (78% of the property) with new granite, plank flooring, kitchen/bathroom fixtures, and appliances
    • Sold the property in 2019
  • 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

    Result

    • Developed a five-building industrial portfolio totaling 696,000 square feet
    • In early 2017, we sold the fully-leased 304,000 square foot building located in Acworth
    • Sold the remaining buildings totaling 392,000 square feet in Lawrenceville in late 2017
  • 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

    • Invest in submarket that is experiencing considerable growth with proximity to the Tampa CBD
    • Upgrade the unit interiors and modernize the amenities to roll in-place rents to market
    • Purchase additional units when the combination of unit pricing and rental rates are accretive
    • Acquire remaining condo units to collapse the HOA and convert the asset to a traditional rental property

    Result

    • Reached required ownership threshold to collapse the HOA and convert the property to a traditional multifamily asset
    • Rolled rental rates to market
    • Sold the property in 2020

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