Call Us Today: 1-888-999-5454

Bi Annual Update from Saglo

August 2015 – Saglo Development and Realty (Miami, FL Based Commercial Real Estate Company) has had success in acquiring assets, disposing of assets, raising equity (via crowdfunding and friends & family) as well as retail leasing and management.


Saglo has had an exciting 2015 thus far

  • Our portfolio of company owned shopping centers in Florida totals 950,000 SF (we will purchase several more over the next couple years)

 

 

  • At the beginning of this year, using Crowd-Funding and Jack Glottmann’s  Friends & Family, we raised outside equity to recapitalized 2 shopping centers that were purchased in 2014.
    • $6.22 MM of equity was required to purchase Sun Point and Central Plaza shopping centers including reserves, fees and 65% LTV debt.
    • $1.832 MM was sourced via EarlyShares crowdfunding platform
    • $3.766 MM was sourced via Friends and Family of Jack Glottmann (President of Saglo)
    • $622K of Saglo’s equity remained in the 2 assets
    • The properties can be viewed:

 

  • We have 300K SF of commercial property in South Florida which we provide 3rd party leasing and/or management (we are able to add 500K SF of additional assignments with our current infrastructure)

 

  • After acquiring CVS Plaza (Miami, FL) in the Summer of 2013 for $4.4MM, we successfully sold the property in June for $6.45MM

 

  • 8 members of our team will be attending the ICSC Florida Conference.  Please stop by Booth #2666, I would love to see you.

 


What are your goals for the remainder of 2015 and is there any way I can help assist you with reaching them?  I believe in giving forward and consistent persistence!

Our skill set includes: retail leasing & property management, analyzing & buying shopping centers, tenant representation, being creative and working hard!

Please connect with me on LinkedIn, visit www.saglo.com to view all of our properties.

… I’ll end with a couple memes I created

Big Picture (Medium)

Photo taken in Taiwan (2012)

Happiness comes from within logo (Large) (Medium)

Photo taken in Taiwan (2012)

Hue Chen, Vice President

Saglo Realty | Licensed Real Estate Broker

About Chen Hue

Hue Chen is the Vice President of Acquisitions for Saglo Development Corporation and is responsible for increasing Saglo’s portfolio of properties. After graduating from the University of Florida in 1999, with a major in Finance, Hue started his career in commercial real estate as a retail leasing associate. He quickly became a top producing leasing agent while working with some of the most prominent owner-developers in south Florida. Throughout his career, he has executed over 250 leases and increased the value of over 40 different shopping center, ground-up and mixed use developments in south Florida and Southwest Florida. Hue attributes his success to a thorough understanding of the major retail markets of Florida, strong relationships with brokers and retailers, and his ability to structure leases that best fit the goals of each investment. In 2012, Hue joined Saglo and brought with him strong proficiencies in finance, mathematics, and ARGUS as well as a real world understanding of retail shopping center leasing and value creation.

Share This