Berkeley Ridge Community – This 35-acre site located north of Martinsburg West Virginia and one quarter mile east of Interstate 81 was purchased by RER in 2008.  We were able to obtain final plat approval for a 277-unit townhouse community.  Upon completion of engineering plans and all governmental approvals we sold the site to DR Horton, the nation’s largest homebuilder.

Richmond Bank Branch Site - RER Equities, Inc. developed and sold this West Broad Street bank branch site upon which a 3,400 square foot bank facility is being constructed featuring four drive-in teller lanes and twenty-four parking spaces.

950 Herndon Parkway, Herndon, Virginia was a 45% vacant office building in Northern Virginia. RER increased the occupancy of this 92,000 square foot building to 100% during a three-year period and changed the tenant mix from small local companies leasing small suites of space to larger corporations with healthy credit ratings that occupied significantly larger spaces. The building was sold approximately three years after acquisition generating an internal rate of return over 70%.

Prince Williams Commons, Woodbridge, Virginia was a 52,000 square foot big box retail facility that was 100% vacant during its acquisition negotiations. The property was located in a large multi-owner shopping center development at the intersection of two major commuter roads. RER located a national tenant that committed to lease 54% of the space under a long term lease whose rental income met all of the financial obligations related to the property. RER repositioned the remainder of the property into five smaller bays and fully leased the remaining space. The property was sold five years after acquisition resulting in an IRR over 20%.

Cambridge Station Apartments, a distressed 205-unit complex in Columbia, South Carolina, was in poor physical condition with an undesirable tenant mix and 65% rent collections. RER managed this property back to stabilized occupancy and condition, then sold it, generating an internal rate of return of 45% over an eighteen-month period.

RER acquired a non-performing $19 million real estate loan portfolio with predominantly raw land and partially finished residential lots in northern Virginia as collateral. RER perfected lien positions and re-negotiated terms with borrowers, eventually generating an IRR of 75% over a four-year period.