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Dual City Investments

Dual City is excited to announce recent acquisitions via the Advantage Fund

Dual City Investments is thrilled to announce a recent closing via our Advantage Fund as well as a few other assets currently in the acquisition process.

 

The Advantage Fund continues to grow with our recent closing of Scotland Crossing and an industrial portfolio which is currently in acquisition.

We are currently in the process of acquiring two ±30,000 SF industrial buildings located in the Upstate, both along I-85 between Greenville, SC and Charlotte. Dual City is bullish on the industrial market and logistical needs. One asset is currently leased below market and unlevered at approximately a 9.5% return with market rent over 11%. The other asset is currently vacant, but we are able to market it during the contract period, which is a significant advantage for us. If we can achieve this asking rent and be unlevered at about 11.5% return with a minimal downside risk, we believe a 9.5-10% return is attainable. 

 

We are going into the deals at about one-third of the construction cost basis with an immediate equity upside at approximately 25-30%. Our plan is to acquire these assets with all equity, adding one-to-two more assets to combine into a solid asset portfolio. However, we are cognizant of the rising interest rates to where we may pivot from that strategy and look to lock in low-leverage, fixed-rate bank debt to keep some equity free on the two assets.


Dual City has a positive outlook of where the Dual City Advantage Fund is headed. We just closed on a retail center in Laurinburg, NC and have these two industrial acquisitions looking to close at the end of April.

The Dual City Advantage Fund is a blind pool, private equity, evergreen fund that will emulate the structure of a private UPREIT. Investors will have the benefit of cash flow, appreciation, and not being locked into a long-hold period.

Our “dual track” strategy is to purchase and absorb quality properties, conservatively leveraged with institutional debt using capital investments. We will also have the ability to acquire properties using Tax Code section 721.

Dual City Investments is a commercial real estate investment firm built on fidelity and integrity while focusing on providing private equity investment opportunities with investor security as our priority. Our firm’s mission has been to produce consistent investment returns through a systematic approach across investment real estate and specialty asset classes. We provide trustworthy and consistent real estate investment options and specialize in identifying opportunities that allow for long-term wealth building. 


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