- Investor
-
ACA IV (fund)
- Property
Type(s) -
Office, Multifamily
- Property
Location(s) -
Central Tokyo, Kobe and Sendai
Crepe & Trinity was the simultaneous consummation of two separate distressed portfolios, with eight properties in total; one from the special servicer managing a defaulted CMBS (6 properties), and one from the lender to a defaulted portfolio (2 properties). The strategy focused on stabilizing underperforming assets and increasing occupancy levels through targeted leasing initiatives to improve net operating income. Following successful operational improvements, the four multifamily properties were sold as a portfolio to a private REIT, and the commercial properties were sold one-by-one, achieving significant appreciation over the initial purchase costs. The exit results were further enhanced by negotiating favorable brokerage fee discounts, resulting in opportunistic returns.