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Champions Village CRE Investment Webinar

About This Webinar

Join First National Realty Partners' Founders & Chairmen Anthony Grosso & Chris Palermo as they unveil our most recent acquisition, Champions Village.

Champions Village is a 383,346 sq ft Randalls-anchored shopping center located in Houston, Texas, featuring an excellent mix of national, regional, and local tenants.

The property will provide investors with the opportunity to earn long-term cash distributions with exciting potential for upside through the execution of several value-add tactics.

Champions Village is anchored by a 61,604 SF Randalls grocery store. Randalls has been a strong tenant at this location for 50 years. Randalls attracts over 550,000 visitors per year and our industry-leading in-house leasing team is confident in their ability to execute a market rate renewal with Randalls during our holding period. Additionally, Randalls is a subsidiary of Albertsons, the 2nd largest supermarket chain in the US, and benefits from the strength of Albertson’s fortress balance sheet.

Champions Village features many other high-quality, national tenants including, TJ Maxx, Barnes and Noble, Kirkland’s, and Painted Tree – a new experimental concept that features hundreds of local and regional vendors selling everything from home décor and jewelry to furnishings and art. The remaining 120,212 SF of vacant space in the center gives the FNRP leasing team the green light to dramatically increase cash flow and create meaningful upside by renting to additional top national brand tenants.

FINANCIAL PROJECTIONS
+ 15.1% Targeted Annual Return
+ 7% Targeted Avg. Annual Cash Distribution
+ 1.9x Targeted Equity Multiple
+ $45mm Purchase Price
+ 5-Year Targeted Hold

WHY WE LOVE THIS DEAL
+ Champions Village is anchored by a strong-performing 61,604 SF Randalls
+ Randalls has been a tenant since 1974 with strong annual sales of $19.4mm ($315/SF)
+ Tenants include TJ Maxx, Barnes & Noble, Kirkland’s, UPS Store, Bank of America, and more.
+ Located 17 miles northeast of Downtown Houston
+ Population density within a 3-mile radius is 106,000+ people which is projected to grow by almost 2% in the next 5 years
+ Several opportunities for value-add potential

Agenda
  • Firm Overview
  • Deal Overview
  • Market & Location Analysis
  • Business Plan
  • Deal Room Reveal
  • Q&A
Who can view:
Webinar Price: Free
Featured Presenters
Webinar hosting presenter
Co-Founder & Managing Principal
Anthony Grosso is Chairman and Founder of First National Realty Partners, one of the nations leading commercial Real Estate private equity firms. Mr. Grosso has been involved in all phases of FNRP’s development since its founding.

He is widely regarded as one of the leading authority figures and thinkers in the Commercial Real Estate Private equity industry today. Under his leadership, FNRP has grown to become one of the preeminent Commercial Real Estate private equity sponsors in the United States. His responsibilities include leading investor capital-raising initiatives, strategic planning, portfolio management, business development, and overall investment strategy as an officer of the firm’s Investment Committee. The firm has established leading investing businesses across all commercial product types, with a focus on value add middle market assets. The firm is included as one of the largest owners of shopping centers in the US. Mr. Grosso is an active philanthropist. He is the author of the industry-leading text, Value Added Real Estate
Webinar hosting presenter
Co-Founder & Managing Principal
Christopher is Chairman and Founder of First National Realty Partners, one of the nation’s leading commercial private equity firms.

He is considered the key architect of FNRP’s overall vision. Through his leadership, FNRP has grown from a local real estate operator to one of the nation’s fastest-growing private equity real estate firms. Chris spearheads the firm’s marketing initiatives and is the Head of FNRP’s Investment and Disposition Committees. He has over 18 years of experience in investment banking and the financial services industry.

In his spare time, he enjoys spending time with his family and mentoring young professionals looking to become entrepreneurs in the commercial real estate industry.
Webinar hosting presenter
Chief Investment Officer
Jared has been investing in the retail and real estate-related space for his entire career. He has deployed in excess of $100M of equity capital for two well-known multi-billion-dollar investment fund platforms through his role as a co-manager and head of research. Jared has invested across the credit and equity spectrum with a focus on real estate-rich retail, restaurant, homebuilders, and REIT’s in both distressed and performing companies. He has also advised several large private and public real estate operators on prospective investments in well-located corporate and retail-related assets. Jared maintains deep relationships with executive management, investor relations, and real estate teams at many publicly traded retail, restaurant, homebuilding, and REIT companies along with a deep network of private and public real estate operators/developers. Jared has an MBA from Columbia University, a JD from Hofstra University School of Law and a B.S. from New York University’s Stern School of Business. He is admitted to the New York State Bar.
Attended (673)
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