Real Estate - Representative Investments

Sandpiper continuously monitors portfolio investments against Sandpiper's and management's expectations. Below are representative real estate investments made in the Sandpiper Capital portfolios.

Chandler Tech Center – Arizona

An equity investment was made for the purchase of an industrial building located in Chandler, AZ. The total cost for the property including capital improvements was approximately $9,700,000.

Winsted Apartments – California

An equity investment was made for the purchase of an apartment complex located in Rocklin, CA. The total cost for the property including capital improvements was approximately $26,000,000.

Morgan Stanley Building - Florida

An equity investment was made in a Class A office building in St. Petersburg, FL. The total cost for the property including capital improvements was approximately $41,000,000.

Valencian Apartments - Florida

An equity investment was made for the purchase of an apartment complex located in Kissimmee, FL. The total cost for the property including capital improvements was approximately $20,000,000.