Investment – Retail Shopping Center in San Antonio, TX

Retail Shopping Center in San Antonio, TX

Gateway Plaza

138,452 square foot recently constructed retail shopping center and two land parcels in San Antonio, TX.
Acquired in August 2014 for $14.0mm.
Located at the full interchange of I-35 and Loop 1604 in the expanding northeast San Antonio corridor connecting to Austin, TX.
97% occupied at acquisition and anchored by Burlington Coat Factory.
Business plan to maintain occupancy and individually sell-off additional land parcels to additional users.

Investment Highlights

Realized returns of 16.6% IRR, 1.75x Equity Multiple in March 2019
Immediately sold a free-standing Little Caesar’s out parcel building to the tenant/franchisee.
Sold one of the remaining land parcels to QuikTrip.
Increased occupancy to 98%.

Press

Property Type:Retail Shopping Center
Property Location:San Antonio, TX
Acquired:August 2014
Size:138,452sf
Capitalization:$14.3 million
Realized Returns:16.6% IRR; 1.75x Equity Multiple

Investment made through an affiliate of Tryperion Holdings, LLC. All information as of 10/24/2022.

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

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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: 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 3/31/2023. Dividend return calculations based on NAV at the time of dividend return. 1Q23 dividend payout of $0.11/share equates to a 4.4% dividend yield based on the initial offering price of $10/share or 5.0% based on the current NAV. The 2022 dividend yield average of $0.18/share equates to a 7.2% dividend yield based on the initial offering price of $10/share or 7.8% based on the current NAV. 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 4Q22.
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.

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Retail Shopping Center in San Antonio, TX

Gateway Plaza

Investment Highlights

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