|Address:||6991 SW 8th Street|
|City, State:||Miami, Florida|
|Property Type:||Single Tenant Retail|
|Square Footage:||10,341 sqft|
|Acquisition Type:||Senior Note|
|Acquisition Date:||June 2012|
The Dollar Tree property was acquired in June 2012. The investment consisted of purchasing a non-performing loan secured by a vacant single story building in Miami, Florida. Shortly after closing on the loan, a deed-in-lieu of foreclosure was negotiated with the borrower and the deed was obtained. Once the deed was obtained, the Dollar Tree lease was recorded and became effective.The property was successfully repositioned into a single tenant retail property.