ACRON USA FONDS Winn Dixie L.P.

Supermarket – Myrtle Beach, South Carolina

After the original tenant Winn Dixie had filed for bankruptcy, the investment property was leased to Savemore Superstore. Thanks to the property's favorable location and the new tenant's satisfaction with the building, Savemore Superstore decided to buy the property. The equity invested was fully paid back to the investors, and an average yield of around 4 percent annually was generated. The internal return was 4.7 percent annually. In addition, ACRON decided to waive its own fee of USD 44,600, thereby also making this amount available for distribution.

Public Offering

Legal form	U.S. Limited Partnership
Year acquired	1997
Year sold	2006
Number of partners	21

The Property

Type of use	Supermarket
Year constructed	1988

Key Figures (in USD)

Investment volume, gross1)	1,960,000
Equity	1,010,000
Borrowed funds	950,000
Selling price, net	1,475,000

Overall Result

Holding period	9 years
Return, IRR	4.7 % annually

¹⁾ Includes purchase price, additional costs, cash reserves (if any), and all soft costs.