Ability to partner with local not-for-profit organizations
Dense urban population with strong buying power & quality retail
Strong demand for quality retail assets in this market
Stable national tenants such as CVS & Safeway
Acquisition bolsters UrbanAmerica’s presence in the Washington, D.C. market
Secured financial subsidies to augment return
Maintained 100% occupancy during holding period
Upon completion of capital improvements, increased rents and introduced new national tenants
Converted CVS percentage rent to base rent upon renewal
CVS sales surpassed $1,200 per sq. ft.
UrbanAmerica, a minority controlled real estate development and investment company, is one of the first commercial real estate investors to focus on acquiring and developing properties in America’s urban markets and low-to-moderate income areas.