New Acquisition: Allied Solutions Building

Streitwise is proud to present the Allied Solutions Building, a building we believe to be one of the best in the Indiana MSA, if not the state of Indiana. This is a $32 million mixed-use building in the heart of a major mixed-use development in the affluent Indianapolis suburb of Carmel. This is the Streitwise REIT’s second acquisition and first in the Carmel area, now being joined by neighboring Midtown III as of Q4 2023.

The 142,000-square-foot Class-A office and retail building was developed in 2017 as part of a public-private partnership with the city of Carmel, Indiana. Carmel has been consistently rated one of the best places to live in America and the project serves as the centerpiece of the greater Midtown Carmel redevelopment, a live-work-play destination that has attracted over $310 million in public & private investments over the past decade.

This development encompasses residential spaces, retail establishments, hospitality venues, office areas, and shared public zones. Additionally, it introduces a fresh public plaza and transforms the Monon walking and biking path into a versatile boulevard. This revamped space will feature cycle lanes, multipurpose medians, and scenic pedestrian walkways.

The Allied Solutions Building directly fronts these exciting public spaces that serve as community gatherings spaces and as venues for city-wide events. The city has spent more than $4.4 million on the Midtown Plaza space alone, which Streitwise investors will directly benefit from.

The property is situated directly between the Arts & Design District and Carmel City Center, the two main nodes of commercial activity in Carmel, ideally positioning it to be the new mixed-use heart of Carmel.

Current Tenants

As of 2023, the Allied Solutions Building is 100% leased:

Allied Solutions, LLC: 108,000 sf until 11/2030. Allied Solutions is an independently-operating subsidiary of Securian Financial Group and one of the largest providers of insurance, lending and marketing products to banks and credit unions.
F.C. Tucker Company: 15,761 sf until 11/2029. F.C. Tucker Company is the largest independent real estate firm in Indiana.
Realync: 5,032 sf until 3/2025. Realync is a multifamily video production company.
Fork+Ale House: 3,191 sf until 8/2029. Fork+Ale House (CJAAM LLC) is a ground-floor brewery/restaurant by the same creators of Stacked Pickle, another successful regional food chain.
Penn & Beech: 2,400 sf until 3/2030. Penn & Beech is a custom candle-making chain featuring a private event area, hospitality lounge with beer & wine, and outdoor seating area. This is the second Penn & Beech location.
Java Coffee House Bar: 2,095 sf until 10/2030.
Renova Med-Spa: 2,859 sf until 4/2031. Renova Med-Spa provides a full service salon, spa, cosmetic and other aesthetician services.

Since the acquisition, this Midtown Plaza has been activated with restaurants, coffee shops, fast casual dining, and/or service oriented retail. The property also benefits from the Sun King distillery and food hall next door. Sun King’s Downtown Indianapolis flagship is a renowned Indianapolis institution, and its expansion into Carmel only solidifies the city’s reputation as a buzzing live-work-play destination.

Invest Today

The Allied Solutions Building joins the neighboring Midtown III also in Carmel, IN and Streitwise Plaza in Sunset Hills, MO. These are both class-A office assets with an average tenancy over 90%, long-term debt in place, and high weighted average lease terms. Accredited & non-accredited investors can now own a part of this fast-growing live-work-play corridor.

By the Numbers

Current Offering: 1st Streit Office REIT
Size: 142,000 square feet
Property Type: Mixed-use office & retail
Location: Carmel (Indianapolis); highest asking rent submarket in Indianapolis
Total Value: $32 million
Leverage: 10-year term senior loan; 55% loan-to-cost
WALT (weighted average lease term): 6.74 years (as of Q4 2023)
Deal Details: Click here

Jeffrey Karsh

SW Manager, LLC (“Manager”) is a wholly-owned subsidiary of and controlled by Tryperion Holdings, 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. By using Streitwise, you accept our Terms of Service and Privacy Policy.

An offering statement regarding this offering has been filed with the SEC. This offering is structured as a non-traded real estate investment trust, or “REIT,” under Regulation A+ of the JOBS Act. The SEC has qualified that offering statement which only means that Streitwise 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 should read the Offering Circular before making any investment which is available here: streitwise.com/oc

You may have been referred to Streitwise by a third-party (“Solicitor”). Compensation to any Solicitor may be up to $200 per email registration. A Solicitor may promote and/or may advertise Streitwise’s investment services and may offer independent analysis and reviews of Streitwise’s services. Streitwise and any Solicitor are not under common ownership or otherwise related entities. We cannot ensure the accuracy of the data provided from any Solicitor.

Performance: Past performance is not a guarantee of future results. All historical returns, target returns, or hypothetical projections may not reflect actual future performance.
Risk: This investment involves a certain level of risk and may result in partial or total loss. We cannot guarantee that we will reach our target return for our investors.
Tax: Prospective investors should confer with their tax advisors regarding the tax consequences based on their particular circumstances. Neither Streitwise nor any Solicitor assumes responsibility for the tax consequences for any investor.
Liquidity: Investments in private placements are highly illiquid and those investors who cannot hold an investment for the long term should not invest. See Stockholder Redemption Plan in the OC.

¹ Dividends & returns: Current annualized dividend based on the most recent dividend declaration as of the quarter ending 9/30/2024. Dividend return calculations based on NAV at the time of dividend return. 3Q24 dividend payout of $0.13/share equates to a 7.2% dividend based on the current NAV. The REIT has averaged a 7.2% annualized dividend yield since 2020 and a 8.3% annualized dividend yield since 2017 based on the average NAV for the respective periods. See Quarterly Report for all returns history.
² Source: FTSE NAREIT All Equity REITs vs S&P 500.
³Sponsor Performance: Related to investments by Sponsor, Tryperion Holdings, as part of one of its prior programs, and not of any of the Streitwise Entities. Reflects gross IRR on realized investments in the Sponsor’s investment portfolio since inception. Sponsor performance data as of 4Q23.
⁴Target returns: We will seek to invest in real properties and other real estate-related assets that we believe can produce a strong return through a combination of cash flow and appreciation. We cannot guarantee that we will reach this target return for our investors.

This page may contain forward-looking statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates”. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled “Risk Factors” in the Offering Circular. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Company’s filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

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Allied Solutions Building

Class-A Building in Carmel, IN - Now Available for Investment

Current Tenants

Invest Today

By the Numbers