Our success makes a difference.

Our investment track record is one of success. We focus on quality, not quantity. Our representative portfolio showcases our achievements in real estate investment. PREF’s fundamental requirements and strategic approach make a difference.

1975 Vaughn Road


Location: Kennesaw, GA
1975 Vaughn Road

Type: 21,500-square foot free standing building

Attributes:
  • 80% office space & 20% warehouse space; 
  • Ideal location with close proximity to Kennesaw State University, Cobb International Airport- McCollum Field and Town Center Mall;
  • Excellent demographics within 5-mile radius of property;
  • High cccupancy rate within market. 
 Purchase Details:
  • Purchased May 2016 for $1.5 million;
  • Leased to Automated Logic Services, Inc., a division of United Technologies through April 2018; 
  • Cash flow from rent allows for 8% annual return. 
Result / Current Status:
  • In 2018, tenant renewed lease for additional five years;  
  • Since acquisition, asset has yielded a 12% unleveraged annual return; 
  • Per evaluation in 2018, current value is least 50% above purchase price.  

Georgian Terrace & Chestnut Hill


Location: Marietta, GA
Cobb County

Type: Two multi-family properties

Attributes:
  • Homes for lower-middle income residents. 
 Purchase Details:
  • Raised $1,000,000 to invest in LLC sponsored by 5th Street Capital Partners;

Georgian Terrace:  20 units on Austell Road 

Chesnut Hill:  40 units on Chestnut Hill Road SW

Result / Current Status:
  • Plans include unit upgrades to drive a rent increase with a potential sale in 3-5 years;
  • Targeted average annual return on equity is 9%; 
  • Overall return including future sales proceeds of 13-15%.

Taqueria Del Sol


Location: Athens Ga.
Primary retail corridor near University of Georgia.

Type: 3,500-square foot free standing building

Attributes:
  • Occupied by Taqueria del Sol, a popular restaurant concept;
  • Situated in in thriving college town.
 Purchase Details:
  • Purchased December 2011 for $1 million;
  • Executed all cash purchase;
  • Leased through 2018.
Result / Current Status:
  • Currently 100% leased;
  • Generates a low risk yield of 9%.

104 Interstate North Parkway E, Marietta, GA


Location: Marietta, GA
1.4 acres in the Cumberland CID near the intersection of I-75 and I-285

Type: 9,800-square foot office property

Attributes:
  • Located near a major intersection in Cobb County:
  • Market experiencing explosive growth through considerable public and private investments;
  • New SunTrust Park spurring new development and redevelopment.  
 Purchase Details:
  • Executed all cash purchase;
  • Purchased December 2015 for $1.25 million;
  • At purchase, property was leased to Foot Solutions, Inc. In 2017, they renewed for another three years.   
Result / Current Status:
  • Surrounding market continues to grow and densify; 
  • Positioned for long-term appreciation; 
  • Generating a solid 7% annual return on investment.  

2684 Peachtree Square, Doraville, Georgia


Location: Doraville Ga.
Located on Peachtree Industrial Boulevard less than 1 mile from Interstate Highway I-285.

Type: 25,000-square foot warehouse property

Attributes:
  • Located on Peachtree Industrial Boulevard less than 1 mile from Interstate Highway I-285 and the 165-acre redevelopment of the GM Doraville Assembly Plant. 
 Purchase Details:
  • Purchased August 2015 for $1.25 million
  • At the time of purchase the property was leased to Triton Stone Group.
Result / Current Status:
  • Expected to generate a steady 8.0% annual return on equity. 

1782 Cheshire Bridge Road


Location: Atlanta Ga.
Located on a major Atlanta commercial corridor.

Type: 6,000-square foot single tenant restaurant on .25 acres

Attributes:

Location on a major Atlanta commercial corridor with the potential for future high density mixed use development. 

 Purchase Details:
  • Purchased April 2014 for $1.075 million
  • At the time of purchase the property was occupied by The Woodfire Grill a 13 year old restaurant noted for fine dining.  
  • PREF spent $100,000 to renovate and upgrade the property.
  • Executed all cash purchase.
Result / Current Status:
  • Woodfire closed in May, 2015. The property was re-leased to Wilson Wolf Group, LLC for a new restaurant concept after only 30 days on the market validating the strength of the location. 
  • With the exception of vacant period between tenants the property is expected to generate a 9.0% return on equity.

Chastain Square Office Park


Location: Atlanta Ga.
Affluent neighborhood adjacent to one of Atlanta's largest and most-used multi-purpose parks.

Type: 16,000-square foot, three-building office park

Attributes:
  • Significant entry barriers for competition.
 Purchase Details:
  • Purchased June 2009 for $1.4 million;
  • Closed at 100% leased;
  • Executed all cash purchase.
Result / Current Status:
  • As of May 1, 2011 88% leased and survived the Great Recession with minimal impact;
  • Sold the assets in November 2017 for $2.4 million, a 53% increase in value above the purchase price;
  • Generated an average 6.4% unleveraged annual return on equity during the ownership period.