Unrealized Assets – Page 2 – Turnbridge Equities

Turnbridge Equities acquired 707 Semart Drive, consisting of a popular local garden shop on 2.9 acres in December 2021. The investment was purchased off-market in a highly-negotiated transaction with the owner-occupant that includes a three-year sale leaseback. Following the leaseback, Turnbridge believes there is significant upside in developing the 2.9-acre site, which is located within…

Turnbridge acquired the site for 807 Bank Street in December 2021. The properties, purchased from two separate sellers in an off-market contingent sale, were combined to create a best-in-class, 172,000 SF last-mile industrial development located in the Canarsie submarket of Brooklyn. The Class A logistics facility includes 80,000 SF of ground floor warehouse space in…

Acquisition and renovation of 190 apartments as part of larger mixed-use development.

Acquisition and renovation of 244 apartments as part of larger mixed-use development.

82,000 SF, 100% leased mixed-use property in Downtown Raleigh featuring nearly two acres of surface parking lots that provide significant development potential along with current income