Investment Properties Group sells Germantown Plaza in Germantown, Tenn.

SRS Investment Properties Group successfully executed the sale of Germantown Plaza utilizing our expansive buyer pool of both public and private investors as well as our list of 1031 exchange candidates which is updated on a daily basis. The asset presented a very unique opportunity for the right buyer to own an already successful shopping center in an excellent sub-market with the potential to add major value down the line. Given the opportunity required a creative-thinking buyer which understood the asset’s redevelopment potential, we strategically positioned the property to highlight the upside for our buyers. With our marketing plan successfully executed, we were able to secure close to 10 offers through a competitive bidding process, select the right buyer for the deal and execute the transaction in a smooth and timely manner.

Deal Strengths

• National anchors and junior anchors comprise 80% of the tenant roster
• Superb location in an ‘A’ market with a highly affluent local population
• Unique opportunity to add value through anchor box redevelopment or lease restructuring

Deal Challenges

• Near-term rollover
• Value-add potential requires creative buyer to maximize the opportunity at the property, which may be a few years away from being fully recognized

Overview