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
$5 million minimum transaction size; no maximum
Value-add and stabilized
APG has successfully deployed equity through private syndications, commingled funds, and institutional joint ventures.
“Round-Tripped” 19 investments, achieving a weighted average property-level IRR of 21% and a 2.1x equity multiple
Despite the “Great Recession,” 18 out of 19 investments achieved positive returns
Acquired, repositioned, and stabilized 20 assets totaling 4.9 million SF since 2010
9 properties totaling 1.3 million SF were acquired via discretionary funds
11 properties totaling 3.6 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.