SR Realty Trust One Year Anniversary
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On September 15th, 2015 Schafer Richardson marked the one year anniversary of the founding of its private, non-traded real estate investment trust, SR Realty Trust, Inc.
Since inception SR Realty Trust, through its operating partner, has amassed a portfolio of 11 assets totaling approximately 690,000 sq. ft. and has made two joint venture investments. SR Realty Trust’s portfolio is comprised of office, industrial, retail, and multifamily assets with a current market value of approximately $64 million.
Recent acquisitions include the IDC Building, a 66,000 sq. ft. creative office building located in Minneapolis, MN. This brick and timber building is located in the heart of the trendy North Loop neighborhood and was 94% leased when it was acquired. The property was contributed to SR Realty Trust’s operating partner in an UPREIT transaction.
Another recently acquired property is 2112 Broadway, an office building located in Northeast Minneapolis, MN. The property is a 48,000 sq. ft. single story building that boast 18’ clear heights, abundant glass and close proximity to transit infrastructure. The property was acquired through an UPREIT transaction.
For more information regarding SR Realty Trust, please contact Evan Richardson, Director of Capital Markets for Shafer Richardson, at 612-359-5849.