• Acquire two hard corner lots totaling 3.58 acres located at a signalized intersection within a hot retail corridor in North Austin/ Cedar Park, Texas.
• Design, construct, lease, manage and sell a two building 34,300 sq. ft. neighborhood retail project in a high growth submarket.
• Achieve above average returns on investment.

• Experienced and stringent hands-on management of the development process and the construction of the property itself to ensure on time and on budget project delivery.
• Worked with local municipalities and utilities to expedite permitting and installation of site improvements, including a new traffic signal.
• Implemented an active leasing program designed to pull tenants from other locations within the greater Austin area; secured new and expanding business and start-ups as tenants. Incorporated a strong in-house effort to supplement local leasing brokers in our leasing strategy.

• Ensured a diversified tenant base by leasing to several businesses, including an 11,000 sq. ft. lease to a strong regional credit/ anchor tenant, Austin Radiological Association. The strength of the rent roll further enhanced the buildings marketability and overall project value.
• Both buildings were approximately 70% leased within six months of the completion of Building Two.
• Leased project to stabilized occupancy in order to market project for sale.

• Set up and staffed our own local property management and leasing firm, Granisle Management Systems, Inc., to direct a targeted marketing and leasing campaign to increase occupancy as quickly as possible.
• Used aggressive tenant finish-out allowances to entice tenants to move into the building at high lease rates.       

• Once stabilized and fully occupied the project was held for eight years to benefit from much higher rental rates and occupancy.
• Sold the building at substantial profit on a market upswing when more buyers were underwriting stronger rental growth assumptions and lower cap rates.
• Enhanced leasing at the property to take the project from 25% occupancy to 100% stabilization in 12 months.
• Achieved above average investment returns.
• The building was brought to 100% occupancy in approximately 18 months.

• Acquired a 86,500 square foot, Class ‘A’ office building. This building had a large surface parking area with covered car ports. It was situated in a prime located on Preston Road in North Dallas, Texas.
• Purchased at a substantial discount to replacement cost.

• Set up and staffed our own local property management and leasing firm, Granisle Management Systems, Inc., to direct a targeted marketing and leasing campaign to increase occupancy as quickly as possible.
• Used aggressive tenant finish-out allowances to entice tenants to move into the building at high lease rates.

• Once stabilized and fully occupied the project was held for some nine years to benefit from much higher rental rates and occupancy.
• Sold the building at substantial profit on a market upswing when more buyers were underwriting stronger rental growth assumptions and lower cap rates.
• Enhanced leasing at the property to take the project from 40% occupancy to 100% stabilization in 18 months.
• Achieved above average investment returns.

Acquisition Opportunity:

• Set up and staffed our own local property management and leasing firm, Granisle Management Systems, Inc., to direct a targeted marketing and leasing campaign to increase occupancy as quickly as possible.
• Used aggressive tenant finish-out allowances to entice tenants to move into the building at high lease rates.       

• Once stabilized and fully occupied the project was held for some nine years to benefit from much higher rental rates and occupancy.
• Sold the building at substantial profit on a market upswing when more buyers were underwriting stronger rental growth assumptions and lower cap rates.
• Enhanced leasing at the property to take the project from 60% occupancy to 100% stabilization in 18 months.
• Achieved above average investment returns.

• Acquired a well located 224 unit Class “B” apartment community in an affluent area of Mesa, Arizona.
• Acquired at a discount to the existing market value and replacement cost.

• Brought in our own professional property management firm, Granisle Management Systems, Inc.
• Conducted interior and exterior renovations which enhanced the appearance of the property.

• Once stabilized and fully occupied the project was held for eight years to benefit from much higher rental rates and occupancy.
• Sold the building at substantial profit on a market upswing when more buyers were underwriting stronger rental growth assumptions and lower cap rates.
• Ensured overall investment strategies were executed by using in-house property management.
• Increased income by implementing tighter management controls, thus increasing income and decreasing expenses to deliver significantly higher net operating income and resulting higher valuation.

• Acquired an irreplaceable 25 acre “trophy” residential tract of land directly adjacent to the prestigious Barton Creek Country Club & Resort in Austin, Texas
• The site was bounded by the 1st, 2nd and 7th fairway of the famous Fazio at Barton Creek golf course.
• To develop the tract and build forty nine luxury homes on the prestigious site.

• Developed the land into forty nine condominium lots and then constructed forty nine individual semi-custom luxury homes on the property.
• Installed our own on-site sales and marketing team of experienced professionals to handle all the sales of the individual homes to a variety of notable buyers, including a number well known celebrities from the music and business world.
• Assisted potential buyers with architectural design services for customization of plans and specifications, as well as providing assistance with financing when requested.

• All the homes were sold in approximately twenty four months yielding a substantial profit for the Project.
• The Project was the recipient of a number of design awards including the very prestigious “Gold Nugget Award” which is awarded each year as a result of close to 1,000 entries from contestants around the world for various types and sizes of residential designs.