Investment Examples

Ameriplex

Indiana

In 2014, RSF formed a joint venture with a national industrial developer to develop a 225,586 square foot build-to-suit industrial project. The $26.4 million development was preleased to a baking company with a long-term contract with Subway Restaurant to supply frozen bread and cookies for 25% of Subway’s restaurants. The development partner and tenant were long-standing relationships of RSF’s Principals, which led to the investment.

The facility was completed in October 2014, and the baking company entered the facility under a 20-year lease. In May of 2015, RSF sold the asset as part of a portfolio sale to a public REIT.