A number of near-term, high probability opportunities in the pipeline
Key Takeaways
- Three opportunities are under contract and have tenant interest for up to a 750,000 s.f. facility expandable to 1 million s.f.
- A total potential equity needs in excess of $100 million
- Pipeline developing to a yield to cost of 6.50% – 7.00%+
- Projected equity multiple range of 2.0x – 2.5x
- Creating value of over $100 million (stabilized value less cost)
Current Pipeline
Additional Properties Identified/Being Negotiated
Not Listed Below
| Project Name | MSA | Land | Zoned / Entitled? | Construction Start | Size |
| Providence Business Park | Lexington, KY | Under Contract | Zoned/Entitled | Q2 2024 | 1 Million SF to 1.5 Million SF |
| Versailles Subdivision | Lexington, KY | Under Contract | Zoned/In Progress | Q4 2024 | 100 Lots |
| Augusta Tech Park | Staunton, VA | Under Contract | In Progress/In Progress | Q2 2025 | (5) Buildings Ranging 150,000 SF to 220,000 SF |