Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has successfully advised its clients on the sale of a fifth property (“The Property”) from the Single Tenant Portfolio in USA.
The Single Tenant Portfolio was acquired in June 2017, consisting of 6 single-tenant net-leased buildings with a total of 760,533 sq ft, located in 6 states in the US, and sectorally diversified with healthcare, industrial, and office assets, and with tenants that enjoy strong credit ratings and reputations in their markets.
The sold property is a 180,000 SF build‐to‐suit office building, Oakland County, Michigan. The office building consolidated all activities into a single facility to house Magna Seating’s world headquarters. The property houses several business units including all executive and management staff, engineering, sales and marketing, and R&D.
The Portfolio was acquired as part of Arzan Wealth’s yielding asset advisory platform with an objective of producing an average annual yield of 8.50% to investors, and an IRR of around 10% over a three-year holding period. The sale of the Magna asset is consistent with Arzan Wealth’s original strategy of identifying opportunities to break up the portfolio by selling off some of the assets, while enhancing value in the others. With this asset we have now advised on exists of five assets from this portfolio and thirteen overall, reflecting our continued approach to not only identify and advise on properties that provide regular income but also profitable exits to investors.
Arzan Wealth acted as the Sub Strategic Advisor on the structuring and sale of the properties and will continue in this role during the remaining holding period of the remaining assets.
Muhannad Abulhasan, CEO of Arzan Wealth said:
“We are pleased that we have been able to meet the return expectations of investors during these unprecedented times from the Single Tenant Portfolio, which included a diversified set of property types and locations across the US. This successful exit exemplifies the prudent approach of Arzan Wealth in terms of opportunity selection at purchase, active asset advisory during the holding period and timely exits. Our primary strategy remains to preserve and protect the wealth of investors, while producing an attractive and predictable monthly income.
About Arzan Wealth (DIFC) Limited:
Arzan Wealth is an investment advisory firm registered at the Dubai International Financial Centre (DIFC), and is regulated by the Dubai Financial Services Authority (DFSA). Arzan Wealth currently advises various professional clients on real estate, private equity and other investments with a total value of assets advised around US$ 2.1 Billion. Arzan Wealth focuses on arranging yielding investments in major global markets, as well as bespoke investments that meet the requirements of specific clients.
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