ACRON Stonebriar Commons L.P.

Portfolio Mix: Office, Retail, Restaurants – Dallas, Texas

The ACRON Stonebriar Commons L.P. investment offers investors an interest in a mostly completed development project in Frisco, Dallas metropolitan region, Texas. According to the investment structure the prior-ranking investment company ACRON Stonebriar Commons L.P. holds 49 percent of the real estate limited partnership of the U.S. partner Windmill Capital Partners L.P.

This investment concept, which aims to provide a secure return, is reinforced by the priority ranking of the ACRON Stonebriar Commons L.P. investment company over the subordinated U.S. partner Windmill Capital Partners L.P. Additional security is offered to investors by the fact that Windmill and its partners have personally issued a guarantee ensuring the return of the capital invested in the amount of
USD 3.5 million after exit. The venture capital involved in the investment is therefore limited, amounting to USD 200,000. ACRON will handle on-site management of the investment and joint management of the business, as well as monitor the costs of the external general partner of the real estate limited partnership.

Private Placement

Legal form	U.S. Limited Partnership
Address / registered office of the company	1516 South Boston Avenue, Suite 215 Tulsa, OK 74119 USA
Year issued	2009
Year closed	2010
Number of partners	20
Type of income for tax purposes	Business income

The Properties

Type of use	Portfolio mix of 10 properties (office, retail, restaurants)
Address	Intersection of Legacy Drive and State Highway 121 Frisco, TX 75034 USA
Year constructed	2005 - 2010
Site area	130,000 sq. ft. (12,100 m²)
Net leasable area	135,500 sq. ft. (12,593 m²)

Key Figures (in USD)

Investment volume	3,700,000
Equity	3,700,000
Borrowed Funds	0

 

Project Target and Exit

After the project is completed and the occupancy rate has been subsequently increased to at least 95 percent of the buildings, the properties will be sold. The term of the investment is expected to be up to five years.

Project and Property Description

Ten properties featuring different types of use are being developed on the tract of land that comprises the Stonebriar Commons development area. In addition to offices, the development features a number of high-end restaurants and retail shops. In another phase of the development, apartment and residential quarters, called Residential 1 and Residential 2, will be built on Stonebriar Commons land. These quarters are not part of the investment, but contribute to the profit outlook of the development as a whole. After completion, Stonebriar Commons is slated to be one of the most sought-after residential and job sites in North Texas. For additional details on the project, please visit www.stonebriarcommons.com.