| |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Please note that the Securities and Exchange Commission has cautioned investors about unsolicited "mini-tender" offers for investment shares below market value. To learn more, investors may visit the SEC's site devoted to this topic at www.sec.gov/
investor/pubs/
minitend.htm. |
|
| |
Two and Five Governor Park
San Diego, California |
The Property
Two and Five Governor Park are two institutional
quality office buildings located in the Governor
Park office park in San Diego, California. The
buildings contain a total of 75,518 rentable square
feet. Governor Park sits within San Diego’s prestigious
“Golden Triangle”, offers convenient access
to regional commuter arteries, I-5, I-805 and
Highway 52, is surrounded by a variety of amenities
and housing options, and is proximate to the
thriving research centers, military facilities, and
businesses located in central San Diego County. |
| |
Paladin Advantage
Paladin REIT’s investment in this joint venture is
structured as preferred equity. Paladin REIT will
receive a priority return of 9.0% annually on its
invested equity from property cash flow and a priority
return of its equity and a 15% internal rate
of return (IRR) upon sale. This structure provides
an attractive current and total return to Paladin
REIT with the benefit of capital protection. |
| |
|
| |
|
| Investment Date |
December 2008 |
| |
|
| Total Capitalization |
$16,686,350 |
| Debt |
11,440,000 |
| Equity |
5,246,350 |
| Paladin REIT Investment |
2,500,000 |
|
| |
|
| |
|
| |
|
|
| |
|
|
| |
|
|
