Track Record

 

For the last 10 years the REI team has been sponsoring Single Property Investments under the “REI Equity Partners” Brand.

 

Each property was purchased with a single purpose entity (i.e. REI Equity Partners 1-8).  These were “limited liability partnerships” for tax purposes, and interests were offered exclusively through word of mouth. The properties to be purchased were identified in advance. All properties were purchased with modest leverage approx. 65% LTV, and all Net Operating Income, less prudent reserves, were distributed to investors on a monthly basis.

Investors receive 100% of every dollar distributed until and unless the investors have achieved the promised average annual “Preferred Return”. Currently 7%.  Investors then receive 70% of every dollar distributed above the “Preferred Return”.

The Sponsor Organization “REI Equity Management, LLC” a Delaware LLC, and continues to be the managing partner in each of the limited liability partnerships that have been formed. REI Equity Management, LLC. will receive 30% of every dollar distributed above the “Preferred Return”.

— Assets Under Management —

 

REI 1 – Rose Plaza

 

 

REI Equity Partners completed the acquisition of a 5,650 square foot retail center located in Broadview, Illinois, a western suburb of Chicago.

Several factors attracted REI to the property. The property is a 100% Occupied, four tenant retail strip center with four national brand tenants. Additionally, REI was able to negotiate directly with the seller in an off-market transaction.

The property was sold in March 2018

 

REI 2 – Milford Shoppes

 

 

REI Equity Partners completed the acquisition of a 12,000 square foot retail center located in Milford, Ohio, an eastern suburb of Cincinnati.

Several factors attracted REI to the property. Among them, the property was a 100% Occupied, five tenant retail strip center with two national and three regional brand tenants.

 

REI 2 is currently experiencing one vacancy with the bankruptcy of Sleep Outfitters.  

 

REI 3 – Cass County

 

 

REI Equity Partners completed the acquisition of a 18,600 square foot retail center located in Logansport, Indiana.

Several factors attracted REI to the property. Among them, the property is a 100% Occupied, five tenant retail strip center with four regional and national brand tenants.

 

REI 4 – Windsor Point

 

 

REI Equity Partners completed the acquisition of a 13,965 square foot retail center located in Kenosha, Wisconsin.

Several factors attracted REI to the property. Among them, the property is a 100% Occupied, seven tenant retail strip center with six regional and national brand tenants.

This property is currently on the market

REI 5 – Savannah Crossing

 

 

The Property is located in Aurora Illinois and was newly constructed in 2007, and consists of two multi-tenant retail buildings 100% occupied, 14,787 square feet with 10 tenant suites, located in Aurora, Illinois. The buildings were fully leased to national and local tenants including: Starbucks with a drive-thru, Chipotle, GameStop, The UPS Store, Great Clips, L.A. Tan, T-Mobile, among others. Savannah Crossings benefits from its position directly in front of a Walmart Supercenter, and is shadow anchored by additional national tenants including Target, Michael’s, Best Buy, and the Chicago Premium Outlet Mall which recently initiated a major, 27+ acre expansion. The property is situated along one of the busiest commercial thoroughfare in the market area providing excellent access and visibility with 51,000 vehicles per day.

During our ownership, we have experienced two tenant turnovers, L.A. Tan has been replaced with AT&T and GameStop has been replaced with a Jersey Mikes.

 

REI 6 – Maplenut Center

 

REI Equity Partners completed the acquisition of a 8,780 square foot retail center located in Pewaukee, Wisconsin.

Maplenut Center was constructed in 2005. There are 4 high quality in-line tenants anchored by Wells Fargo, Mattress Firm, Verizon, and a drive-through coffee shop. The average suite size is 2,195 square feet; the largest suite, at 3,744 square feet, is occupied by Mattress Firm (2,100+ locations) on a corporately-guaranteed lease.

The property is shadow anchored by additional national tenants including Costco, Menards, Walmart, and OfficeMax. The property is situated along one of the busiest commercial thoroughfares in the market area providing excellent access and visibility with 48,300 vehicles per day.

We are currently experiencing one vacancy due to the coffee shop going out of business.

 

 

REI 7 – Appleton Center

 

 

REI Equity Partners completed the acquisition of a 14,720 square foot retail center located in Appleton, Wisconsin.

The center was constructed in 2011. There are 4 high quality in-line tenants: Time Warner Cable, Mattress Firm, Five Guys, and Steak House Restaurant.

The Center is located in Appleton’s busy retail corridor. The Fox River Mall area along Interstate 41 sees over 80,000 vehicles per day, making this location the closest retail center location off the highway.

We are currently experiencing one vacancy as a result of the restaurant going out of business.  We have since divided the space in two and leased the end-cap to Jersey Mikes.

 

REI 8 – Rivers Crossing

 

 

REI Equity Partners acquired the Shoppes at Rivers Crossing, a 100% leased retail center totaling 11,400 square feet built in 2011 and located on 1.7 acres in South Lebanon, Ohio.

Shoppes at Rivers Crossing is fully leased to 4 highly recognizable tenants which are all on NNN Leases. The shopping center is located along a dominate retail area surrounded by other national retailers, employers, and restaurants.