Allied Solutions and City of Carmel announce partnership

Allied Solutions, the namesake tenant at our mixed-use property in Carmel, IN, recently announced a partnership and three-year event sponsorship with the city. The partnership includes a $450,000 sponsorship and covers several events to be held at Midtown Plaza, home to Allied Solutions’ national corporate headquarters at the flagship Streitwise property.

“From our office windows we see the remarkable qualities of Midtown Plaza with its green space and trail, outdoor games, big screen video board and of course the growing number of restaurants and shops,” said Pete Hilger, CEO of Allied Solutions. “We have wanted to find a way to get more involved in Midtown activities, as well as other events where our employees, the residents of Carmel and many visitors come together to enjoy our City. With this agreement, we feel we have a way to do just that and we are thrilled to be a part of events that make Carmel a great place to experience.”

This partnership with the city further reinforces Allied’s commitment not only to the city of Carmel but to Midtown in particular, and is indicative of the Class A properties and tenants we seek to target for long-term ownership.

Eliot Bencuya

Eliot Bencuya is the co-founder and CEO of Streitwise. Eliot has extensive experience identifying, underwriting, and executing value-add real estate investments.

Prior to forming Streitwise, he was a Vice President of Acquisitions for Canyon Capital Realty Advisors and the Canyon-Johnson Urban Funds, where he was responsible for originating, underwriting, structuring and executing transactions in the Pacific Northwest, Northern California and Midwest regions. Mr. Bencuya also held positions at Sovereign Investment Company (a subsidiary of the Marcus and Millichap Company) and the investment banking division of Merrill Lynch & Co. He holds a Bachelor of Arts degree in Economics and International Studies from Yale University, and a Masters of Business Administration degree from the Haas School of Business at the University of California, Berkeley. Mr. Bencuya is a member of ULI.

SW Manager, LLC, dba “Streitwise,” (“Manager”) is a wholly-owned subsidiary of and controlled by Tryperion Partners, LLC (our “Sponsor”). Manager is the external manager and advisor of 1st Streit Office Inc. (“1st Streit Office”) and 1st Streit Office Operating Partnership LP (our “Operating Partnership” and, together with 1st Streit Office, “Our Current Offering”). 1st Streit Office is the sole general partner of our Operating Partnership, through which all of our assets will be owned and substantially all of our operations will be conducted. All references herein to “Streitwise” refer, as applicable, to Manager, 1st Streit Office, the Operating Partnership, or any of their affiliates (collectively, the “Streitwise Entities”). Unless explicitly stated to the contrary, all references to “we,” “us,” and/or “our” shall refer to the Streitwise Entities. Streitwise is not affiliated with nor related to NAREIT or its annual REITwise conference.

An offering statement regarding this offering has been filed with the SEC. The SEC has qualified that offering statement which only means that 1st Streit Office Inc. may make sales of the securities described by that offering statement. It does not mean that the SEC has approved, passed upon the merits or passed upon the accuracy or completeness of the information in the offering statement. You may obtain a copy of the offering circular that is part of that offering statement HERE. You should read the offering circular before making any investment. Our current offering is structured as a non-traded real estate investment trust, or “REIT,” under Regulation A+ of the JOBs Act.

¹ Since inception annualized dividend includes all dividends from commencement of operations of Our Current Offering through the quarter ending March 31, 2021.
² #1 Overall Fund Fees and Experience as rated by The Real-Estate Crowdfunding Review.
³ Source: FTSE NAREIT All Equity REITs vs S&P 500. Real estate has outperformed the S&P 500 with more than double the gains since 1990.
⁴ Reflects gross IRR on realized investments in the Sponsor’s investment portfolio since inception.
⁵ We will seek to invest in real properties and other real estate-related assets that we believe can produce a 8-9% return. Based on our Sponsor’s prior experience, we believe that we can acquire a portfolio of assets that has the ability to achieve this return for investors. However, we cannot guarantee that we will reach this target return for our investors.