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)
- Florida & Waters Shopping Center (Tampa, FL) was acquired last month – a 160K SF property with re-development opportunity
- For details visit: https://www.saglo.com/listings/florida-waters-shopping-center/
- 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.
- The ICSC Florida Conference will be Aug 30 – Sept 1, there will be over 5,000 commercial real estate professionals in attendance, see you out there.
- For more info: http://www.icsc.org/events-and-programs/details/florida-conference3
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
Photo taken in Taiwan (2012)
Photo taken in Taiwan (2012)
Hue Chen, Vice President
Saglo Realty | Licensed Real Estate Broker