"We entrusted the principal's at EDGE to develop the real estate strategy for our Maryland portfolio. The results...a decade long relationship, over 650,000 sq. ft. of leasing, nearly $500 million in transactions, the largest lease transaction in Maryland, and two Sales Transaction of the Year Awards. The results speak for themselves."
- Weldon Humphries, (Former) Senior Vice President, Choice Hotels International
Deer Park
Office Center– Gaithersburg,
Maryland
At the time of this acquisition,
Edge principals identified a lack
of supply and severely pent up
of demand for office condominiums.
The investment strategy for this
property was a “gut to the
shell” renovation and small
suite office condominium conversion.
Attentive tax engineering enabled capital gain treatment to the equity verses typical normal income treatment, making this an even more compelling investment opportunity.
Value-add / Repositioning
Acquisition
Acquired off market from
a notoriously difficult
seller
52,000-sq. ft., two-building
office park acquired
for $3,000,000 in
July
2004
$6,000,000 “gut” renovation
and office condominium
conversion
400% total cash on cash
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