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.
