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R2 Capital Partners Acquires 13.2 Acres, 155,459 sq. ft. Retail Plaza

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Calgary, Alberta–(Newsfile Corp. – January 17, 2022) – R2 Capital Partners Inc. (“R2”) announces the acquisition of 168 Rothesay Ave, Saint John, NB.

Figure 1: R2 CAPITAL PARTNERS ACQUIRES 13.2 ACRES, 155,459 SQ. FT. RETAIL PLAZA

The property spans 13.2 acres, consisting of a 155,459 sq. ft. retail anchored plaza. The tenants are a mix of publicly traded corporations, government, and national brands with a weighted average lease term (WALT) of 14.1 years, realizing a purchase capitalization rate of 8.8%.

R2 has realized forced appreciation in the property’s purchase value of approximately 35.2% based on a third-party as-stabilized appraisal. The significant percentage increase in property valuation is identified as a result of improving operational efficiencies, finalizing lease negotiations from key tenants, the favourable entry price of $12,500,000, and other value-add opportunities.

Further value-add opportunities which R2 will explore over the coming months include:

  • Developing one or more Quick-Service Restaurants (QSRs).
  • Renegotiation of under-market value lease rates.
  • Leasing the remaining vacant space to a public corporation with a strong covenant and brand.
  • Explore the potential for mixed-use, multi-family development with the abundant land area.

CORPORATE PROFILE

R2 Capital Partners Inc. is a privately held real estate investment firm offering investors and partners diversified exposure to residential and commercial real estate and utilizing a vast network of partnerships, relationships, and industry-leading technology to capitalize on emerging secondary and tertiary markets across North America.

R2 offers a full-service operating platform containing expertise in acquisitions, financing, property operations, renovations, accounting, risk management, market research, and other related support functions. Brock Rogerson and Spencer Riche lead R2 Capital Partners Inc., combining over 20 years of experience, jointly holding over $40 million in real estate assets, headquartered in Calgary, Alberta, with a second office in Winnipeg, Manitoba.

Media Contact

Company Name :- R2 Capital Partners Inc.
Email Id :- [email protected]
Company Website : https://www.r2capital.ca/

PR Contact

ZEXPRWIRE
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/110325

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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RevoluGROUP Canada Inc. Announces White Label Partnership with MONECO France

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Australian Fintech Stables Launches International Remittances Between Australia and The Philippines

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Pictured Left to Right: Erez Rachamim, Bernardo Bilotta and Daniel Li.

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