Columbia Business Center
Operating Partner with previous relationship with Zitelman Partners was short $3,000,000 to complete its equity requirement. Due to existing relationship they chose Zitelman Partners because they knew the money would be there at closing. Zitelman Partners has done over a dozen deals with these Operating Partners and Zitelman Partners and its Investor Partners have invested over $12 million with them.
Status:
The properties are still owned, doing well, and providing quarterly distributions.
Property type
160,255 sf mixed use property
(single story flex/retail, retail, and office)
Location
Columbia, MD
Date of Investment
2020
Total Capitalization
$28,200,000
Total Equity Required
$9,200,000
Total Equity from Zitelman Partners and its Investor Partners
$3,000,000