Hampton Court

Situation

Building had numerous deferred maintenance items in need of repair.
The finishes were outdated and filled with brass accents throughout building.
The property lacked curb appeal.
Tenant retention was low, and lease rates were averaging $20.75 per square foot.

Deferred maintenance items were prioritized and methodically staged to reduce impact on operating expenses.
An aggressive capital campaign was put in place to remodel common areas to improve property appearance.
The landscape was redesigned to create focal points and draw attention to the property and improve curb appeal.
Through aggressive negotiations on electricity rates and corrective mechanical operations, Stream was able to save $0.74 per square foot on electricity expenses.

Property rental rates increased to $26.00 per square foot.
The property sold within 28 months of purchase, ahead of the targeted disposition and above landlord expectations for return on investment.

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