With the Texas real estate market boom, it’s becoming more of a challenge for individual investors to find quality investments. As a result, syndication investing is becoming popular. Much like “crowd-funding,” real estate syndication investing is a means for investors to pool their money together to purchase real estate properties, with each investor owning a percentage of the shares in the property.
Real estate broker Steve Fithian is incorporating syndication investing into his business model. He and Tom K. Wilson of Wilson Investment Properties recently put together a syndication partnership, Bloomfield Frontline Burleson Retail LLC, that purchased a retail center in Burleson, TX. The retail center, pictured above, is located at 1055 SW Wilshire Blvd in Burleson, TX. Built in 2008 on 2.25 acres of land, the retail center is located in the main Burleson retail corridor, adjacent to Super Wal-Mart. Current tenants include CATO Fashions, Shoe Show, Fred Loya / Rodney D. Young Insurance, World Finance Corp. of Burleson and Perla Dental. It was sold by SPCP Group VI, LLC, with Clint Montgomery of Sperry Van Ness / Visions Commercial representing the seller.
“Syndication investing enables an investor to participate in larger and higher-quality investments that they wouldn’t be able to participate in on their own,” Fithian said. “It’s a great way to invest in a real estate property without having to finance the entire investment or worry about the management of the property. And, because the investment is in a higher-quality property, better financing is available than with smaller properties and there is potential to obtain lower insurance costs.”
Fithian and Wilson are currently working on another syndication investment opportunity for a retail center in Forney, TX, which is a suburb east of Dallas. Forney experienced 200 percent growth from 2000 to 2010 and is expected to continue to grow 5 percent per year.
Steve and Tom like this property for its upside potential.
- There’s upside in leases. 10% of the center is available for future tenants.
- There’s upside in rents. Rents are currently low at $15.10 per square foot.
- Option to Sub-Divide: The two buildings are deeded as separate lots and can be sold separately.
To learn more about this investment opportunity, visit https://svntrinity.com/forney-retail-syndication-opp.
About Steve Fithian:
Steve Fithian has over 25 years of commercial real estate experience, and owns Sperry Van Ness / Visions Commercial, Visions Realty & Investments and Frontline Property Management. He is the general manager in multiple property partnerships, and specializes in selling & overseeing investment property sales that include multifamily, mini-warehouse, office, retail, undeveloped land and finished lots. He is a Certified Commercial Investment Member (CCIM), and former chairperson on the North Texas Chapter CCIM Membership Committee. In addition, he is a current member of the Texas Association of Realtors & past member of the California Association of Realtors. He was the recipient of the 2002 Commercial Transaction of the Year Award, presented by the Texas Association of Realtors and the 2008 Commercial Realtor of the Year Award, presented by the Society of Commercial Realtors.
About Tom K. Wilson:
Tom K. Wilson has over 30 years experience as a Silicon Valley high tech, manager & entrepreneur. He was the VP of two start up companies, and has been a real estate investor for 40 years. He founded Wilson Investment Properties, Inc. in 2006, and has been involved in locating over 400 income-producing properties for investors. He has a BS in electrical engineering from the University of Delaware.
Sperry Van Ness is not a party to these syndications.