In 2002, EDGE\u2019s principals founded RKB Washington Property Fund, a U.S. based closed-end real estate investment fund (\u201cRKB\u201d). RKB was co-sponsored with Dresdner and Kleinwort Benson Private Banks; and additional placing agents included UBS, EFG and Knight Frank. RKB acquired 20 office buildings consisting of approximately 1.7 million square feet with a total estimated value of $450 million.<\/p>\n
The RKB strategy focused on acquiring substantially-leased institutional-grade office properties that (i) required minimal capital improvements, (ii) were located in well-established submarkets of Greater Washington, D.C. that possess substantial commercial infrastructure and are accessible to major transportation networks; (iii) were in excess of 75,000 net rentable square feet, (iv) had been built or renovated in the past 10 years; and (v) exhibited achieve high values and investment growth through the implementation of repositioning strategies and re-leasing and marketing plans.<\/p>\n
| 1.7 Million<\/td>\n | square feet of office buildings owned and managed<\/td>\n<\/tr>\n |
| $100+ million<\/td>\n | equity raised<\/td>\n<\/tr>\n |
| 12%<\/td>\n | average dividend return<\/td>\n<\/tr>\n |
| 35.9%<\/td>\n | IRR (before tax)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":" In 2002, EDGE\u2019s principals founded RKB Washington Property Fund, a U.S. based closed-end real estate investment fund (\u201cRKB\u201d). RKB was co-sponsored with Dresdner and Kleinwort Benson Private Banks; and additional placing agents included UBS, EFG and Knight Frank. RKB acquired 20 office buildings consisting of approximately 1.7 million square feet with a total estimated value of $450 million. The RKB strategy focused on acquiring substantially-leased institutional-grade office properties that (i) required minimal capital improvements, (ii) were located in well-established submarkets of Greater Washington, D.C. that possess substantial commercial infrastructure and are accessible to major transportation networks; (iii) were in excess of 75,000 net rentable square feet, (iv) had been built or renovated in the past 10 years; and (v) exhibited achieve high values and investment growth through the implementation of repositioning strategies and re-leasing and marketing plans. RKB At-A-Glance 1.7 Million square feet of office buildings owned and managed $100+ million equity raised 12% average dividend return 35.9% IRR (before tax)<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":4,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-256","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"http:\/\/box5661.temp.domains\/~onefivi7\/4nyp\/wp-json\/wp\/v2\/pages\/256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/box5661.temp.domains\/~onefivi7\/4nyp\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/box5661.temp.domains\/~onefivi7\/4nyp\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/box5661.temp.domains\/~onefivi7\/4nyp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/box5661.temp.domains\/~onefivi7\/4nyp\/wp-json\/wp\/v2\/comments?post=256"}],"version-history":[{"count":3,"href":"http:\/\/box5661.temp.domains\/~onefivi7\/4nyp\/wp-json\/wp\/v2\/pages\/256\/revisions"}],"predecessor-version":[{"id":327,"href":"http:\/\/box5661.temp.domains\/~onefivi7\/4nyp\/wp-json\/wp\/v2\/pages\/256\/revisions\/327"}],"up":[{"embeddable":true,"href":"http:\/\/box5661.temp.domains\/~onefivi7\/4nyp\/wp-json\/wp\/v2\/pages\/4"}],"wp:attachment":[{"href":"http:\/\/box5661.temp.domains\/~onefivi7\/4nyp\/wp-json\/wp\/v2\/media?parent=256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |