Streitwise just completed another 10% annualized quarterly dividend distribution for all eligible investors, net of fees*. This is the 10th straight distribution funded entirely out of cash generated from operations. Our continued belief in the suburban-urban (also called “middle neighborhoods” or “surban”) office strategy is demonstrated by our principals’ significant investment side-by-side with our shareholders.
When we purchased the Allied Solutions building from the local developer, we were excited that the growth of Midtown Carmel would support our leasing velocity, and we are working on a few more leases that will hopefully get us closer to 100% occupancy.
We are also actively pursuing additional acquisitions with a similar thesis to our Allied purchase and are optimistic that we will capitalize on one of the many irons we have in the fire.
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.