RealtyLink, LLC, a full-service commercial real estate developer, recently announced the funding completion of its first real estate investment fund. The Fund is comprised of five properties with 100% occupancy in retail shopping centers across three southeastern states totaling 428,391 square feet. Each shopping center has substantial sales and exceptional long-term prospects with high barriers to entry in each market.
Due to the Fund’s immense success and investor excitement,RealtyLink has recently decided to exercise the option provided in the private placement memorandum to add two additional stable, high-credit tenant-occupied properties to the Fund. “This will open up investment opportunities to existing and new investors for the Fund,” states RealtyLink Principal Jack Jamison.
The new properties will include Phase III of the previously developed Coastal North Town Center in North Myrtle Beach, South Carolina and a Kohl’s and Pet Supplies Plus-anchored strip center in Galesburg, Illinois. The North Myrtle Beach shopping center includes HomeGoods, Burke’s Outlet, West Marine, Burlington Coat Factory, Guitar Center, DTLR, and Panera Bread. “New investors will receive the same 9% preferred return plus financial rights that existing investors enjoy,” says Jamison.
The North Myrtle Beach location is 97% occupied with a total square footage of 131,146, while the Galesburg location is 100% occupied at a total of 48,825 square feet. Phase I of the Coastal North Town Center was previously sold in 2017 to Inland Real Estate Group, giving residents and vacationers of Myrtle Beach access to stores not found anywhere else in the Grand Strand region.
Founded in 1998 by Phil and Neil Wilson, RealtyLink provides a full spectrum of services for restaurants and retail tenants, including market analysis, site selection, construction management, project funding, sale leasebacks, and more.
After 20 years of successful development of hundreds of single and multi-tenant projects— including mixed-use, multi-family, senior living, industrial, and self-storage facilities—RealtyLink is excited to be providing investors long-term opportunities in high-credit, stabilized real estate assets. With the added success of the first Fund, RealtyLink is already considering a second Fund to bring new and existing investors a larger-scale investment opportunity.
For more information on the private placement memorandum, prospective, qualified investors should contact Zach Romano at [email protected].com.
550 South Main Street, Suite 300, Greenville, SC 29601
864-242-4008 | www.realtylinkdev.com