Exceptionally sound, strategic decision making.

Case Study 1:

Southern Way

Southern Way is a stabilized high quality industrial property purchased in January 2016. Bendetti created value by initiating an extensive capital improvement program allowing for increased rental rates and maximized ROI. Along with the successful execution of the business plan, the property benefited from strong market fundamentals. The project was recapitalized with a new equity partner in 2019 and continues to increase value through active property management and an aggressive leasing campaign.

Property Highlights

  • Project level IRR of 25.15%

  • Equity multiple of 2.0X

  • Acquisition date: 2016

  • Recapitalization date: 2019

Property Summary

  • Location: Reno, Nevada

  • Asset type: Distribution

  • Year built: 1974-1977

  • Square footage: 634,786

  • Buildings: 4

  • Tenants: 9

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Case Study 2:

Valley View

Valley View is a value-add industrial property purchased in December 2014. Bendetti elevated the profile of the project through extensive capital improvements to enhance the visual appeal of the asset. After improving the property, an aggressive leasing campaign was launched to increase occupancy with market rents. To maintain the execution of the business plan, an on-site property manager was hired to handle the day-to-day operations. Bendetti recapitalized the asset in December 2016.

Property Highlights

  • Project level IRR of 21.58%

  • Equity multiple of 1.5X

  • Acquisition date: 2014

  • Recapitalization date: 2016

Property Summary

  • Location: Las Vegas, Nevada

  • Asset Type: Light Industrial

  • Year Built: 1979-1981

  • Square Footage: 195,280

  • Buildings: 5

  • Tenants: 128

View the Before Photos