Bluewater Capital Partners acquired a collection of historically significant retail buildings which were 60% vacant at the time. All buildings were renovated and leased, increasing occupancy to 100%.

Location: Shaker Heights, Ohio

Type: Retail

Total SF: 33,000

Total Units: N/A

Project Vintage: 2006

Project Cost: $3,700,000

Investment Exit: 2023

Multiple on Equity:

3x

IRR:

9 percent

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Shaker Heights Landmark Commission Preservation Award