Product Type
Retail
Strategy
Mark-to-Market
Square Feet
5,878
Acquisition / Sale Price
$2.6MM / $4.8MM
Date Purchased
June 2018
Hold Period
~1.5 years
Investment Overview
Arris’ first retail disposition. 999 Worcester Street was acquired for $2.6mm in June 2018 and sold for $4.8mm in December 2019 —an approximately 85% increase in sale price, delivering a net investor IRR of 82.3% and a 2.51x equity multiple in roughly 18 months.
A full investment-overview and value-creation narrative for this asset is available upon request.
Returns are unaudited, preliminary, and net of fees. Asset valuations are based on internal estimates and have not been reviewed or verified by an independent auditor.