At the time of acquisition, Baylor Medical Plaza was newly constructed, fully leased on long-term leases to credit-worthy tenants, including affiliates of Baylor Health Care System and United Surgical Partners. Rainier secured a favorable price for the property by contracting for it before it was completed. Once closed, Rainier was able to create a high yield for its investors prior to its profitable resale.

Rainier partnered with a local hotel operator to acquire a condominium interest in One City Place located in downtown Fort Worth, TX, for the purpose of developing a 180-room Starwood Hotels & Resorts branded Aloft Hotel. The hotel comprised six floors of an existing Class A office tower, half of the ground floor lobby with a separate entrance, a portion of the basement and dedicated parking spaces. Rainier’s investment was structured as preferred equity, incentivizing the developer to redeem the position before the end of the third year. The position was redeemed after 26.5 months and returned a 14.8% IRR, achieving the investment objectives.

The Kroger anchored super-regional power center Dawson Marketplace is part of an 85-acre master-planned development just north of Atlanta, GA. The Property was purchased in a Joint Venture with the original developer Hendon Properties and remains over 98% leased with nine additional pad sites for development. Key tenants include Marshall’s, Ross, HomeGoods, Petco and Restoration Hardware Outlet. The acquisition provides both high income and upside potential from the development sites.

The Rockford Veteran’s Administration Clinic, located in Rockford, IL, is a Leed Silver® building constructed in 2012 as a build-to-suit VA Clinic leased to and guaranteed by the United States of America. With its long-term high credit lease, the property provides solid, predictable cash flow.

The landmark U.S. Social Security Administration building in Birmingham, AL, is Silver Leed Silver® and was acquired in 2009 by Rainier and its Partners for over $140 million. The property is subject to a 20-year lease with the United States of America and was acquired with the objective of a long-term hold.

University Town Center is part of a dominant 1.1 million square foot mixed-use development in Norman, OK, less than five miles from the University of Oklahoma. It is one of the largest open-air shopping centers in the state. Rainier acquired the property off-market direct from a public REIT below replacement cost and at an attractive double-digit leveraged yield.

Haven at Westgreen is a Class A multi-family development in Katy, TX. Rainier invested with the original developer and negotiated an option to purchase the property at a predetermined fixed price upon completion. Rainier exercised the option, stabilized the property and subsequently sold for a significant gain.

Venture Tech is a 70,212 square foot office building located in The Woodlands, TX. Rainier entered this transaction as a replacement operator for the investment group and, through its high-quality asset management, has brought the Property from the brink of foreclosure to a stabilized performing asset.