Case Study - Laguna Village

Laguna Village

Property Type	Retail
Property Location	Phoenix, AZ

Capitalization ($mm)	$15.1mm
Investment Status	Realized

Background

131,117 square foot community shopping center.
Located at the fully signalized interchange of Ray Road and Kyrene Road in the affluent and densely-populated Chandler neighborhood of Phoenix, AZ.
Acquired in January 2016 for $14.8mm.
62% leased at acquisition; vacancy included former anchor movie theater and former junior anchor Fresh & Easy grocery store.
Business plan to complete cosmetic upgrades to lease up the anchor and inline vacancies, and selectively sell individual retail parcels.

Investment Highlights

Sold the Walgreens parcel within three months of taking ownership.
Leased the former Fresh & Easy junior anchor space to Natural Grocers, and sold within six months of ownership.
Increased occupancy to 89%, including leasing the former anchor movie theater to one of the largest and most creditworthy churches in the U.S.
Actively marketing the remaining property for sale.

Property investment was completed by an affiliate of the Sponsor of 1st Streit Office, Inc. as part of one of its prior programs, and is not included in the current offering of 1st Streit Office, Inc. For more information, please refer to to the Offering Circular at streitwise.com/oc. All information as of 1/15/20.

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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 disclosure: 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.
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¹ Dividends & returns: Current annualized dividend based on the most recent dividend declaration as of the quarter ending 12/31/2021 and based on the Streitwise initial offering price of $10.00/share. See Quarterly Report for all returns history.
² Source: FTSE NAREIT All Equity REITs vs S&P 500.
³Sponsor Performance: Reflects gross IRR on realized investments in the Sponsor’s investment portfolio since inception.
⁴Target returns: We will seek to invest in real properties and other real estate-related assets that we believe can produce a ~10% return through a combination of cash flow and appreciation. We cannot guarantee that we will reach this target return for our investors.

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