Remarkable 164.6% Return on Investment Achieved by NAS
National Asset Services Achieves Outstanding Returns
National Asset Services (NAS) stands out as a leading commercial real estate firm, recently delivering an impressive cumulative return of 164.6% for its investors from the Lynnhaven Square retail property. Spread across 22,933 square feet, this property marks a significant achievement following its sale, which has taken place in an advantageous market context.
The Journey of Lynnhaven Square
The investment journey for Lynnhaven Square began in 2005, when a collective of eight investors acquired the property. NAS has been at the helm as the asset management company since 2008, consistently maximizing investor value and property performance.
Pivotal Refinancing Decisions
An integral part of achieving such strong returns was a strategic choice made in 2015 to refinance rather than sell the property, during a time less favorable for the market. This decision reflects NAS's market expertise and strategic insights, allowing for the preservation of the TIC (tenants-in-common) structure, ensuring both tax advantages and ongoing value creation.
Strategic Leadership
Shirlee J. Kingsley, CPM, has been pivotal in this project, securing refinancing solutions during a challenging financial landscape. Her leadership has been fundamental in maintaining open lines of communication with all stakeholders, contributing to a collaborative approach that resulted in a triumphant outcome.
Enhancing Property Value
Prior to the original loan’s maturity date, NAS presented the TIC owners with multiple options aimed at enhancing Lynnhaven's market position. This proactive strategy not only solidified the investment but has also demonstrated NAS's commitment to delivering exceptional value for its clients.
Consistent Occupancy and Leasing Success
Under NAS's management, Lynnhaven Square has enjoyed an impressive track record, consistently maintaining a 100% occupancy rate. This commitment to tenant relationships and optimizing leasing performance has been instrumental, particularly during the refinancing phase and leading up to the recent sale.
The Role of Colliers in the Transaction
Colliers investment advisors Jeff Fritz and Jay O'Donnell played key roles in representing the seller during the recent transaction, ensuring that investor interests were uppermost in their dealings.
A Testimony of Success
Investors like Norm Purdy, who has been involved with Lynnhaven Square from the outset, recognize that this success stems directly from NAS's expert management and guidance. The stability and success attained to date showcase a well-executed plan and a strong partnership approach.
About National Asset Services
Founded in 2008, NAS has successfully served over 2,600 investment clients and built a robust portfolio. Their efforts have resulted in generating more than $660 million in cash distributions to property investors while managing a diverse array of commercial properties across multiple states.
Contact Information
For more information, please reach out to:
JW Robison
mailto:398561@email4pr.com
310.795.8985
Frequently Asked Questions
What is the cumulative return delivered by NAS?
The cumulative return delivered by National Asset Services for investors in Lynnhaven Square is 164.6%.
When was Lynnhaven Square originally acquired?
Lynnhaven Square was originally acquired in 2005 by a group of investors.
Who is Shirlee J. Kingsley?
Shirlee J. Kingsley, CPM, is the Vice President of NAS and has overseen the asset management of Lynnhaven Square since 2008.
What was a key factor in enhancing Lynnhaven's market position?
A pivotal decision was made to refinance the property in 2015 rather than sell, helping to navigate challenging market conditions.
What types of businesses are located in Lynnhaven Square?
Lynnhaven Square features a mix of national and local stores including Coastal Vision, Cold Stone Creamery, Subway, and more.
About The Author
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