Regency & Oakbrook

13 Building, 546,872 SF Portfolio located in Atlanta, GA

Acquired: Q2 2012
Seller: DCT Industrial
Acquisition Price: $19,275,000
Occupancy at Acquisition: 70%
Sale Date: Q2 2014
Sale Price: $27,800,000
Net LP IRR: 52.8%
Net LP equity multiple: 2.20

The Portfolio was acquired from DCT Industrial and was comprised of 13 flex/light industrial assets located in Northeast Atlanta.

With 61 tenants suites ranging from 1,612 SF to 84,212 SF, Trident hired a full time property manager which improved operations and helped streamline leasing activity.

Trident’s local leasing contacts and onsite management resulted in over 35 new and renewal leases, taking occupancy to 85% prior to selling the portfolio.