Investing Based on Our Experience.
APG pursues distinct investment opportunities, the hallmarks of which include:
Well-located, functional, multi-tenant office properties in major Southeast markets
Typically, buildings without a dominant tenant
Typically, buildings that cater primarily to small and medium-sized companies
$10 million minimum transaction size; no maximum
Value-add and stabilized
APG has successfully deployed equity through private syndications, commingled funds, and institutional joint ventures.
APG has produced a weighted average gross IRR of 26% and 2.1x equity multiple on the 20 assets for which it has completed capital events (i.e., sales, refinances, joint ventures)
Despite the “Great Recession,” 19 out of 20 investments achieved positive returns
Since 2010, APG has acquired 23 assets totaling 5.8 million SF
11 properties totaling 1.6 million SF were acquired via discretionary funds with taxable investors
12 properties totaling 4.2 million SF were acquired through institutional joint ventures
|PROPERTY||DATE ACQUIRED||DATE SOLD||TOTAL SF|
|Woodside Center & Exchange||OCT 2004||JUN 2006||130,428|
|250 East Ponce de Leon Avenue||MAR 2004||MAR 2008||134,353|
|Decatur Parking Deck||OCT 2004||MAR 2008||1,150 spaces|
|Decatur Medical Plaza||APR 2004||JUN 2008||42,921|
|1001 Cherry Drive||AUG 2003||JAN 2014||455,679|
|280 Interstate North||JUL 2012||MAY 2015||125,037|
|Sandy Springs Office Portfolio||DEC 2006||MAY 2015||183,054|
|North Gwinnett Medical Plaza||AUG 2008||MAY 2015||30,038|
|1200 Ashwood||DEC 2011||MAY 2015||198,431|
|The Park at Perimeter Center East||JUN 2010||JUL 2015||284,538|
|1000 Parkwood||JUN 2013||MAY 2016||212,705|
|Atlanta North Industrial Park||OCT 2005||JUL 2016||43,400|
|Northcreek Office Park||APR 2013||OCT 2016||536,240|
|Mansell Commons||SEP 2007||MAR 2017||223,251|
|Peachtree 25th||FEB 2005||APR 2018||365,560|
|Edgewater Corporate Center||JUN 2017||JUL 2018||175,145|
|TOTAL SF OF REALIZED TRANSACTIONS||3,140,780|
APG achieves above market returns by utilizing its hands-on approach, intimate market knowledge, and superior operating strategies to turn inefficiencies to its advantage.
Real Estate Fundamentals: Focus on real estate fundamentals and how APG’s market presence and operating strategies can enhance value.
Financial & Capital Considerations: Use moderate leverage and focus on generating returns by improved profitability at the property rather than by financial engineering or the capital markets.