What is a syndicate?
A syndicate is a partnership between investors pooling their resources into a single investment, allowing the group to expand its presence in real estate beyond individual's capabilities. This approach allows access a variety of investment opportunities without the need for extensive sourcing efforts. SMARTCAP manages all due diligence and leverages its brokerage network to find off-market deals. Investors benefit from minimal involvement as the sponsor handles all operational aspects, including property management and reporting duties.
PROPERTIES PURCHASED BY SYNDICATES
bought | sold
Q3 2016 | Q2 2022
IRR
13.5%
Ruston Way restaurant building
ABOUT INVESTMENT
A waterfront building housing the famous Duke’s Chowder House Restaurant in Tacoma, Wash.
LOCATION
Tacoma, WA
SUBMARKET
Ruston Way Waterfront
PROPERTY TYPE
Single Tenant Retail Restaurant
TOTAL SQUARE FOOTAGE
5,300 sq. ft.
YEAR BUILT | Renovated
1976 | 2018
bought | sold
Q2 2016 | Q3 2018
IRR
46.3%
South Seattle Business Park
ABOUT INVESTMENT
A high-quality office and warehouse in core Seattle with value-add through leasing vacancy and stabilizing existing leases.
LOCATION
Seattle, WA
SUBMARKET
SODO | Georgetown District
PROPERTY TYPE
Class B Office | Light Industrial
TOTAL SQUARE FOOTAGE
97,653 sq. ft.
YEAR BUILT | Renovated
1947 | 1983
bought | sold
Q3 2015 | TBD
IRR
16.23%
richland state professional building
ABOUT INVESTMENT
A state occupied office center in Richland, WA with value-add through leasing vacant space.
LOCATION
Richland, WA
SUBMARKET
PROPERTY TYPE
Office
TOTAL SQUARE FOOTAGE
57,934 sq. ft.
YEAR BUILT
1994
bought | sold
Q3 2014 | Q1 2017
IRR
21.9%
DSHS OFFICe building
ABOUT INVESTMENT
The DSHS Tacoma Office Building is a 100% Washington State leased office building.
LOCATION
Tacoma, WA
SUBMARKET
PROPERTY TYPE
Class B Office
TOTAL SQUARE FOOTAGE
30,000 sq. ft.
YEAR BUILT | Renovated
1994 | 2022
bought | sold
Q3 2014 | Q4 2017
IRR
27.22%
Navy Office building
ABOUT INVESTMENT
The Navy Office Building is a 100% leased office building purchased from a trustee sale.
LOCATION
Silverdale, WA
SUBMARKET
PROPERTY TYPE
Class B Office
TOTAL SQUARE FOOTAGE
44,028 sq. ft.
YEAR BUILT
1993
bought | sold
Q1 2014 | Q1 2019
IRR
12.0%
smokey point retail plaza
ABOUT INVESTMENT
A value-add strong performing retail center in a high growth market in the Puget Sound.
LOCATION
Arlington, WA
SUBMARKET
PROPERTY TYPE
Retail
TOTAL SQUARE FOOTAGE
23,994 sq. ft.
YEAR BUILT
1985
bought | sold
Q1 2014 | Q3 2017
IRR
15.62%
vintage place retail center
ABOUT INVESTMENT
A value-add community retail center in an emerging market with great visibility from high-traffic Highway 99W in the heart of Oregon’s wine country, which is also family-friendly.
LOCATION
McMinnville, OR
SUBMARKET
PROPERTY TYPE
Neighborhood Center
TOTAL SQUARE FOOTAGE
39,399 sq. ft.
YEAR BUILT
2006
bought | sold
Q2 2012 | Q2 2018
IRR
17.55%
firgrove business plaza
ABOUT INVESTMENT
A high-yield value-add retail center, which increased in value by 61% prior to closing through repositioning while under contract.
LOCATION
Puyallup, WA
SUBMARKET
PROPERTY TYPE
Retail
TOTAL SQUARE FOOTAGE
13,600 sq. ft.
YEAR BUILT
1971
bought | sold
Q3 2013 | Q1 2016
IRR
36.5%
6th and orchard plaza
ABOUT INVESTMENT
Located on a primary hub in at a signaled intersection with great visibility and over 17,000 CPD along 6th Avenue and 10,000 CPD on Orchard Street.
LOCATION
Tacoma, WA
SUBMARKET
6th Avenue
PROPERTY TYPE
Retail
TOTAL SQUARE FOOTAGE
10,450 sq. ft.
YEAR BUILT
2006
bought | sold
Q3 2013 | Q2 2014
IRR
64.0%
sequim retail center
ABOUT INVESTMENT
A Walmart-anchored strip center adjacent to Highway 101 with high visibility, ample parking and a drive-thru space.
LOCATION
Sequim, WA
SUBMARKET
Sequim CBD
PROPERTY TYPE
Retail
TOTAL SQUARE FOOTAGE
6,868 sq. ft.
YEAR BUILT
2007
bought | sold
Q2 2011 | Q2 2016
IRR
24.3%
capitol theater building
ABOUT INVESTMENT
A central location in the heart of downtown Olympia with retail and executive office spaces.
LOCATION
Olympia, WA
SUBMARKET
Downtown Olympia
PROPERTY TYPE
Storefront Retail | Office
TOTAL SQUARE FOOTAGE
14,172 sq. ft.
YEAR BUILT
1920
bought | sold
Q4 2009 | TBD
IRR
TBD
North Bend Retail center
ABOUT INVESTMENT
A retail space in the CBD of North Bend, located on a bus line and offering surface parking.
LOCATION
North Bend, WA
SUBMARKET
Eastside Suburban
PROPERTY TYPE
Retail
TOTAL SQUARE FOOTAGE
6,396 sq. ft.
YEAR BUILT | renovated
1954 | 2005
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