MESA, ARIZ. (May 21, 2024) – Following the success of its initial two ventures, Arizona-based Streamline Capital Group is raising $15 million for its latest undertaking, Streamline Investment Group III (SIG III).
This fund will acquire four to six Class B office properties, leveraging the proven Streamline Process to offer passive investment avenues for individuals and entities keen on real estate assets without the day-to-day operational hassles.
Highlights of SIG III: Investment type, multi-property fund; fund size, $15 million, 300 units available; fundraising deadline, December 31; minimum investment, $50,000; maximum investment, $2,812,500; targeted internal rate of return (IRR), 15 percent; and investor type, accredited investors only.
“The Streamline Investment Group III portfolio will encompass a diverse array of assets demonstrating robust growth, potential, and stability to optimize returns while mitigating risks. These assets will be selected based on rigorous analysis and due diligence to align with the investment strategy and objectives,” said David Hrizak, CEO of The Streamline Companies.
Recognizing investors' varying financial goals and risk appetites, Streamline has set a minimum investment threshold of $50,000, enabling investors to tailor their participation to individual needs, Hrizak added.
“In the wake of the pandemic-induced challenges faced by Class A office spaces, Class B properties situated in suburban locations have thrived, thanks to their smaller footprints and suite dimensions, appealing to companies looking to rationalize operations, accommodate flexible work arrangements and cut costs,” Hrizak said. “Recognizing this trend, Streamline is committed to selectively acquiring, improving, and managing these coveted office properties that house the small businesses and service professionals of our communities.”
Streamline Capital Group has already made waves in the Arizona market with the acquisition of a two-building complex totaling 38,000 SF, rebranded as The Grand on 44th, in the Arcadia Lite neighborhood. The property underwent nearly $1 million in renovations to modernize the facility and convert vacant spaces into ready-to-move-in suites, sparking interest in the asset.
Streamline Capital Group also acquired an 18,500 SF office building on Power Road in Mesa that was 93 percent occupied at the time of purchase, rebranding as Twelve 34 South Power. The building is primarily occupied by medical and professional tenants.
“In the dynamic realm of commercial real estate, transformation portends success. The Streamline Companies epitomize this ethos through our Streamline process: acquiring and rebranding properties, executing capital enhancements, and refining property management,” Hrizak said.
Streamline Companies oversees all facets of this process as a vertically integrated operation through Streamline Capital Group, Streamline Development, and Streamline Asset Management.
For more information about investment opportunities, contact Streamline Capital Group here.