Actively Managed
Diversified Portfolio

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  • Current Investments
  • Realized Investments

Warner Crossing Business Park

Tempe

  • Property details :

    Address: 1120, 1130 & 1140 West Warner Road, Tempe, AZ

    Investment Strategy: Value-Add
    Market: Tempe
    Asset Type: Flex Industrial
    Size: 202,027 SF
    Year Acquired: 3Q23

    Description: Three single-story, freestanding institutional quality buildings totaling 202,027 SF of flex/R&D/manufacturing space in the South Tempe submarket. 100% leased to three high-quality, credit tenants providing stable cash flows. Acquisition price well below today’s replacement cost in supply-constrained market with little competing product. Value-add opportunity to reposition property from office to R&D use. Excess parking ratio allows for reposition to flex industrial and opportunity to develop additional 70,000 SF building.

De La Vina Marketplace

Santa Barbara

  • Property details :

    Address: 2840 De La Vina Street, Santa Barbara, CA

    Investment Strategy: Core-Plus
    Market: Santa Barbara
    Asset Type: Retail
    Size: 29,900 SF
    Year Acquired: 4Q22

    Description: Grocery-anchored retail shopping center in Santa Barbara, CA. Located in the upper State Street corridor, the Property is surrounded by some of the strongest local and national retailers and restaurants. The Property is anchored by Grocery Outlet, a publicly traded discount grocer, which occupies over 75% of the Property’s leasable area on a triple net lease. Given the supply constrained market with high barriers to entry, Granite Peak believes the Property contains tremendous intrinsic value and will generate significant future appreciation through the eventual sale of the Property as a high-density residential/retail mixed-use redevelopment project.

Quattro

Phoenix

  • Property details :

    Address: 4310-4350 East Cotton Center Blvd, Phoenix, AZ

    Investment Strategy: Core/Core-Plus
    Market: Phoenix
    Asset Type: Flex Office
    Size: 265,000 SF
    Year Acquired: 4Q21

    Description: Quattro is a 100% leased, 4-building, 265,000 square foot flex office property in central Phoenix’s prestigious Cotton Center. The property’s tenant roster features blue-chip billion-dollar tenants, which is enhanced by an attractive lease expiration schedule that provides for additional long-term value-add opportunities while minimizing downside risk. The Phoenix property further provides downside protection as a conversion to warehouse industrial space provided by the single-story, concrete tilt-up construction featuring 25’-28’ ceiling heights.

Amberley at Inverness

Denver

  • Property details :

    Address: 10450 Spring Green Drive, Englewood, CO

    Investment Strategy: Core
    Market: Denver
    Asset Type: Multifamily Residential
    Size: 96 Units
    Year Acquired: 2Q17

    Description: Amberley at Inverness is a 96-unit property located next door to Hilton Inverness Golf Club in the prestigious master planned community of Inverness in the Englewood, Denver submarket. Built to condo-quality with large floor plans, Amberley appeals to a growing renter cohort of active adults who are downsizing out of single-family home and into apartment communities that fit their active lifestyle and life stage.

Bed Bath & Beyond

Los Angeles

  • Property details :

    Address: 14351 Hindry Ave., Hawthorne, CA

    Investment Strategy: Core/Core-Plus
    Market: West Los Angeles
    Asset Type: Retail
    Size: 40,500 SF
    Year Acquired: 1Q20

    Description: Bed Bath & Beyond is located within the Hawthorne Gateway Shopping Center, the dominant regional center anchored by a very high-volume Costco. The demographics of the coastal, West Los Angeles market includes the affluent communities of Manhattan Beach, Hermosa Beach, Redondo Beach and El Segundo and feature vibrant employment opportunities, as well as strong population and income growth. In addition, the property features excellent drive-by traffic due to location on the Rosecrans corridor which runs from the San Diego (405) Freeway to the beach communities of Manhattan Beach and El Segundo.

World Market

Los Angeles

  • Property details :

    Address: 14401 Hindry Ave., Hawthorne, CA

    Investment Strategy: Core
    Market: West Los Angeles
    Asset Type: Retail
    Size: 24,000 SF
    Year Acquired: 1Q20

    Description: Cost Plus is located within the Hawthorne Gateway Shopping Center, the dominant regional center anchored by a very high-volume Costco. The demographics of the coastal, West Los Angeles market includes the affluent communities of Manhattan Beach, Hermosa Beach, Redondo Beach and El Segundo and feature vibrant employment opportunities, as well as strong population and income growth. In addition, the property features excellent drive-by traffic due to location on the Rosecrans corridor which runs from the San Diego (405) Freeway to the beach communities of Manhattan Beach and El Segundo.

West Side Flats South

Seattle

  • Property details :

    Investment Strategy: Value-Add
    Market: Seattle
    Asset Type: Multifamily Residential
    Size: 60 Units
    Year Acquired: 1Q14
    Description: Westside Flats South is a 60-unit property ideally located in the urban enclave neighborhood of West Seattle, 9 miles south of Downtown Seattle. West Seattle is known for its beachfront atmosphere, lifestyle amenities, convenient access to strong employment hubs and attracts renters migrating outside of the urban core into close-in but less expensive submarkets. Built in 1999, the unit interiors and common areas were original and required upgrading. Granite Peak executed a full unit, exterior and common area renovation and the property was repositioned to target a new demographic of renter to increase rental revenue and NOI. Following the renovations, re-tenanting and stabilization of the asset as part of the initial value-add strategy, the property now operates as a stable core investment.

West Side Flats North

Seattle

  • Property details :

    Address: 3236 SW Avalon Way, Seattle, WA

    Investment Strategy: Value-Add
    Market: Seattle
    Asset Type: Multifamily Residential
    Size: 26 Units
    Year Acquired: 1Q15

    Description: Westside Flats North is a 26-unit property ideally located in the urban enclave neighborhood of West Seattle, 9 miles south of Downtown Seattle. Built in 1991, the unit interiors and common areas were original and required upgrading. Granite Peak executed a full unit, exterior and common area renovation and the property was repositioned to target a new demographic of renter to increase rental revenue and NOI. Following the renovations, re-tenanting and stabilization of the asset as part of the initial value-add strategy, the property now operates as a stable core investment.

Skyline Ridge

Denver

  • Property details :

    Address: 10870 W 53rd Ave, Arvada, CO 80002

    Investment Strategy: Core
    Market: Denver
    Asset Type: Multifamily Residential
    Size: 40 Units
    Year Acquired: 3Q14

    Description: Skyline Ridge is a 40-unit property located in the Arvada submarket of Denver.

     

Northlink

Seattle

  • Property details :

    Address: 11222 and 11244 Greenwood Ave. N, Seattle, WA

    Investment Strategy: Value-Add
    Market: Seattle
    Asset Type: Multifamily Residential
    Size: 54 Units
    Year Acquired: 2Q18

    Description: NorthLink on Greenwood is a 54-unit property located in the growing North Greenwood submarket, eight miles north of Downtown Seattle. Built in two phases, the property contains two, three-story buildings with an average unit size of 735 square feet. The demographics of the North Greenwood market include the consistent influx of in-state and out-of-state talent migrating outside of the urban core into close-in submarkets, attractive employment opportunities, and strong population and income growth. Built in 1986/1999, the unit interiors and common areas were original and required upgrading. Granite Peak renovated and repositioned the property to target a new demographic of renter to increase rental revenue and NOI.

Starbucks

Tempe

  • Property details :

    Address: 1741 East Warners Rd., Tempe, AZ

    Investment Strategy: Core
    Market: Tempe
    Asset Type: Retail STNL
    Building Size: 2,720 SF
    Year Acquired: 4Q20

    Description:
    In late 2020, Granite Peak acquired the Starbucks in Tempe, Arizona. The high-income demographic of Tempe is characterized by growing employment, population, and incomes provide a vibrant submarket for consumer services such as Starbucks, with potential for further appreciation in rents and property values. Additionally, the investment provides a higher return than the typically low-4% returns on other similar investment properties in similar locations, while the property’s Arizona location provides the investor further diversification away from a concentration of investments in California.

Jiffy Lube

Denver

  • Property details :

    Address: 4555 North Tower Rd., Denver, CO

    Investment Strategy: Core
    Market: Denver
    Asset Type: Retail STNL
    Building Size: 4,419 SF
    Year Acquired: 4Q20

    Description: Granite Peak acquired Jiffy Lube in Denver, Colorado in late 2020. The property is leased to a nationally known tenant on a 20-year net lease at below-market rents, providing for longer-term investment stability and future value creation. The Green Valley neighborhood of North Denver features strong employment growth and growing population and incomes. The Jiffy Lube investment provides a higher return than the typically low-4% returns on other similar investment properties in similar locations, while the property’s Colorado location provides the investor additional diversity away from a concentration of investments in California.

  • All
  • Current Investments
  • Realized Investments

Warner Crossing Business Park

Warner Crossing Business Park

Tempe

Warner Crossing Business Park
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  • Property details :

    Address: 1120, 1130 & 1140 West Warner Road, Tempe, AZ

    Investment Strategy: Value-Add
    Market: Tempe
    Asset Type: Flex Industrial
    Size: 202,027 SF
    Year Acquired: 3Q23

    Description: Three single-story, freestanding institutional quality buildings totaling 202,027 SF of flex/R&D/manufacturing space in the South Tempe submarket. 100% leased to three high-quality, credit tenants providing stable cash flows. Acquisition price well below today’s replacement cost in supply-constrained market with little competing product. Value-add opportunity to reposition property from office to R&D use. Excess parking ratio allows for reposition to flex industrial and opportunity to develop additional 70,000 SF building.

De La Vina Marketplace

De La Vina Marketplace

Santa Barbara

De La Vina Marketplace
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  • Property details :

    Address: 2840 De La Vina Street, Santa Barbara, CA

    Investment Strategy: Core-Plus
    Market: Santa Barbara
    Asset Type: Retail
    Size: 29,900 SF
    Year Acquired: 4Q22

    Description: Grocery-anchored retail shopping center in Santa Barbara, CA. Located in the upper State Street corridor, the Property is surrounded by some of the strongest local and national retailers and restaurants. The Property is anchored by Grocery Outlet, a publicly traded discount grocer, which occupies over 75% of the Property’s leasable area on a triple net lease. Given the supply constrained market with high barriers to entry, Granite Peak believes the Property contains tremendous intrinsic value and will generate significant future appreciation through the eventual sale of the Property as a high-density residential/retail mixed-use redevelopment project.

Quattro

Quattro

Phoenix

Quattro
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  • Property details :

    Address: 4310-4350 East Cotton Center Blvd, Phoenix, AZ

    Investment Strategy: Core/Core-Plus
    Market: Phoenix
    Asset Type: Flex Office
    Size: 265,000 SF
    Year Acquired: 4Q21

    Description: Quattro is a 100% leased, 4-building, 265,000 square foot flex office property in central Phoenix’s prestigious Cotton Center. The property’s tenant roster features blue-chip billion-dollar tenants, which is enhanced by an attractive lease expiration schedule that provides for additional long-term value-add opportunities while minimizing downside risk. The Phoenix property further provides downside protection as a conversion to warehouse industrial space provided by the single-story, concrete tilt-up construction featuring 25’-28’ ceiling heights.

Amberley at Inverness

Amberley at Inverness

Denver

Amberley at Inverness
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  • Property details :

    Address: 10450 Spring Green Drive, Englewood, CO

    Investment Strategy: Core
    Market: Denver
    Asset Type: Multifamily Residential
    Size: 96 Units
    Year Acquired: 2Q17

    Description: Amberley at Inverness is a 96-unit property located next door to Hilton Inverness Golf Club in the prestigious master planned community of Inverness in the Englewood, Denver submarket. Built to condo-quality with large floor plans, Amberley appeals to a growing renter cohort of active adults who are downsizing out of single-family home and into apartment communities that fit their active lifestyle and life stage.

Bed Bath & Beyond

Bed Bath & Beyond

Los Angeles

Bed Bath & Beyond
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  • Property details :

    Address: 14351 Hindry Ave., Hawthorne, CA

    Investment Strategy: Core/Core-Plus
    Market: West Los Angeles
    Asset Type: Retail
    Size: 40,500 SF
    Year Acquired: 1Q20

    Description: Bed Bath & Beyond is located within the Hawthorne Gateway Shopping Center, the dominant regional center anchored by a very high-volume Costco. The demographics of the coastal, West Los Angeles market includes the affluent communities of Manhattan Beach, Hermosa Beach, Redondo Beach and El Segundo and feature vibrant employment opportunities, as well as strong population and income growth. In addition, the property features excellent drive-by traffic due to location on the Rosecrans corridor which runs from the San Diego (405) Freeway to the beach communities of Manhattan Beach and El Segundo.

World Market

World Market

Los Angeles

World Market
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  • Property details :

    Address: 14401 Hindry Ave., Hawthorne, CA

    Investment Strategy: Core
    Market: West Los Angeles
    Asset Type: Retail
    Size: 24,000 SF
    Year Acquired: 1Q20

    Description: Cost Plus is located within the Hawthorne Gateway Shopping Center, the dominant regional center anchored by a very high-volume Costco. The demographics of the coastal, West Los Angeles market includes the affluent communities of Manhattan Beach, Hermosa Beach, Redondo Beach and El Segundo and feature vibrant employment opportunities, as well as strong population and income growth. In addition, the property features excellent drive-by traffic due to location on the Rosecrans corridor which runs from the San Diego (405) Freeway to the beach communities of Manhattan Beach and El Segundo.

West Side Flats South

West Side Flats South

Seattle

West Side Flats South
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  • Property details :

    Investment Strategy: Value-Add
    Market: Seattle
    Asset Type: Multifamily Residential
    Size: 60 Units
    Year Acquired: 1Q14
    Description: Westside Flats South is a 60-unit property ideally located in the urban enclave neighborhood of West Seattle, 9 miles south of Downtown Seattle. West Seattle is known for its beachfront atmosphere, lifestyle amenities, convenient access to strong employment hubs and attracts renters migrating outside of the urban core into close-in but less expensive submarkets. Built in 1999, the unit interiors and common areas were original and required upgrading. Granite Peak executed a full unit, exterior and common area renovation and the property was repositioned to target a new demographic of renter to increase rental revenue and NOI. Following the renovations, re-tenanting and stabilization of the asset as part of the initial value-add strategy, the property now operates as a stable core investment.

West Side Flats North

West Side Flats North

Seattle

West Side Flats North
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  • Property details :

    Address: 3236 SW Avalon Way, Seattle, WA

    Investment Strategy: Value-Add
    Market: Seattle
    Asset Type: Multifamily Residential
    Size: 26 Units
    Year Acquired: 1Q15

    Description: Westside Flats North is a 26-unit property ideally located in the urban enclave neighborhood of West Seattle, 9 miles south of Downtown Seattle. Built in 1991, the unit interiors and common areas were original and required upgrading. Granite Peak executed a full unit, exterior and common area renovation and the property was repositioned to target a new demographic of renter to increase rental revenue and NOI. Following the renovations, re-tenanting and stabilization of the asset as part of the initial value-add strategy, the property now operates as a stable core investment.

Skyline Ridge

Skyline Ridge

Denver

Skyline Ridge
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  • Property details :

    Address: 10870 W 53rd Ave, Arvada, CO 80002

    Investment Strategy: Core
    Market: Denver
    Asset Type: Multifamily Residential
    Size: 40 Units
    Year Acquired: 3Q14

    Description: Skyline Ridge is a 40-unit property located in the Arvada submarket of Denver.

     

Northlink

Northlink

Seattle

Northlink
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  • Property details :

    Address: 11222 and 11244 Greenwood Ave. N, Seattle, WA

    Investment Strategy: Value-Add
    Market: Seattle
    Asset Type: Multifamily Residential
    Size: 54 Units
    Year Acquired: 2Q18

    Description: NorthLink on Greenwood is a 54-unit property located in the growing North Greenwood submarket, eight miles north of Downtown Seattle. Built in two phases, the property contains two, three-story buildings with an average unit size of 735 square feet. The demographics of the North Greenwood market include the consistent influx of in-state and out-of-state talent migrating outside of the urban core into close-in submarkets, attractive employment opportunities, and strong population and income growth. Built in 1986/1999, the unit interiors and common areas were original and required upgrading. Granite Peak renovated and repositioned the property to target a new demographic of renter to increase rental revenue and NOI.

Starbucks

Starbucks

Tempe

Starbucks
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  • Property details :

    Address: 1741 East Warners Rd., Tempe, AZ

    Investment Strategy: Core
    Market: Tempe
    Asset Type: Retail STNL
    Building Size: 2,720 SF
    Year Acquired: 4Q20

    Description:
    In late 2020, Granite Peak acquired the Starbucks in Tempe, Arizona. The high-income demographic of Tempe is characterized by growing employment, population, and incomes provide a vibrant submarket for consumer services such as Starbucks, with potential for further appreciation in rents and property values. Additionally, the investment provides a higher return than the typically low-4% returns on other similar investment properties in similar locations, while the property’s Arizona location provides the investor further diversification away from a concentration of investments in California.

Jiffy Lube

Jiffy Lube

Denver

Jiffy Lube
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  • Property details :

    Address: 4555 North Tower Rd., Denver, CO

    Investment Strategy: Core
    Market: Denver
    Asset Type: Retail STNL
    Building Size: 4,419 SF
    Year Acquired: 4Q20

    Description: Granite Peak acquired Jiffy Lube in Denver, Colorado in late 2020. The property is leased to a nationally known tenant on a 20-year net lease at below-market rents, providing for longer-term investment stability and future value creation. The Green Valley neighborhood of North Denver features strong employment growth and growing population and incomes. The Jiffy Lube investment provides a higher return than the typically low-4% returns on other similar investment properties in similar locations, while the property’s Colorado location provides the investor additional diversity away from a concentration of investments in California.