RTI Properties and World Class Capital Group as co-sponsoring this transaction.
RTI Properties
RTI Properties ("RTI") was founded in 1986 originally as a property management and real estate investment company based in the Southern California city of Gardena. RTI has been at the same location since its inception over 25 years ago.
Over the years, RTI has diversified its real estate services into a “best in class” full service operation. By growing a selective employee base with unique skill sets that numbers well over 100, and by also cultivating strategic alliances with established operations, RTI can offer its clients a wide array of real estate related services.
RTI divisions include property management/asset management, acquisitions/investments, private money lending, development, and brokerage. Leveraging the operational efficiencies and cultural congruity of these disciplines under one roof is how RTI has created the “best in class” experience for its tenants, owners and investors.
World Class Capital Group
World Class Capital Group ("WCCG") is a leading national real estate investment firm focused on acquiring, developing, and managing high-quality real estate. WCCG is principally engaged in the ownership, development, financing, management, and acquisition of commercial real estate and land throughout the United States. WCCG targets opportunistic real estate investments across a broad range of asset types through single-asset and portfolio acquisitions. WCCG's primary focus is the acquisition of complex or undervalued real estate assets in which there are opportunities to create value through repositioning, redevelopment or leveraging our exceptional asset and property management platforms to uncover underlying operational inefficiencies
WCCG is a national leader in the real estate value-add investment arena. Investment partners include major public and private pension funds, insurance companies, financial institutions, foundations, family offices, and high net-worth individuals. Our investment professionals in our Austin and New York offices constantly search for investment opportunities that allow us to achieve superior risk-adjusted returns.
WCCG owns and operates a portfolio of high quality real estate properties nationwide. Their operating portfolio consists of a diverse mix of real estate properties including office buildings, retail centers, apartments, student housing, hotels, marinas, self-storage facilities, and industrial warehouses. WCCG owns over 5 million square feet in 12 states and 23 markets in its national portfolio.
| Address: | 6707 NW Loop 410 San Antonio, Texas 78238 |
| Year Built: | 1984 |
| Current Occupancy: | 86% |
| Net Rentable Area: | 134,766 square feet |
| Parking: | 490 spaces (with 30 more potential spaces in the back) 3.6 spaces per 1,000 square feet of rentable area |
| Access: | From NW Loop 410 frontage via a single point of access |
| TENANT NAME | SQUARE FOOTAGE CURRENTLY LEASED |
|---|---|
| FAMSA | 40,362 |
| Teppanyaki Grill | 27,096 |
| Blast Fitness | 25,700 |
| ABH Property (Bingo) | 11,828 |
| Fuddrucker's | 7,400 |
| Eye Mart | 3,500 |
Westpark Plaza is a well built, multi-tenant retail center totaling approximately 134,766 square feet that is located along (and has good visibility from) the NW Loop 410 Expressway in San Antonio, Texas, an expressway carrying approximately 150,000 vehicles per day. The center consists of four (4) buildings situated on approximately 10.8 acres of land.
Major Tenants
- FAMSA is a Mexico-based household retailer with 25 stores in the United States, primarily in Texas and Illinois. FAMSA sells household goods including furniture, mattresses, appliances, computers, and electronics. FAMSA has a large presence in Central America (over 350 stores in Mexico) and offers an inter-store delivery program whereby customers in the U.S. can make purchases in the U.S. for delivery to friends or family in Mexico, El Salvador or Guatemala. It is the largest tenant in Westpark Plaza with a space totaling over 40,000 square feet and is under lease until the end of 2015. This location is reportedly one of the most successful locations in Texas, and FAMSA is expected to renew using one of its several 5-year options.
- Teppanyaki Grill & Buffet is a restaurant featuring Chinese, Japanese, and American food, along with a hibachi station, an in-store yogurt bar and a large game room. It entered into a new lease in 2012 for 27,096 square feet at Westpark Plaza, making it one of the largest Asian buffets in Texas. The tenant is under lease until 2023.
- Blast Fitness is a national chain fitness center that includes women-only areas, cardio and strength equipment that feature individual TVs, group exercise and spinning classes. Blast Fitness was another recent addition, leasing over 25,000 square feet of Westpark Plaza in late 2013. It is under lease until 2019.
- A premier bingo hall (bingo games for charity are very popular in some markets) is also a recent addition to Westpark Plaza. The bingo hall leases 11,828 square feet and is under lease until 2024.
- Fuddruckers is a national hamburger restaurant chain that was founded in San Antonio and now boasts over 180 restaurants nationwide. Fuddruckers leases 7,400 square feet and has been in the center since 1985. Their lease is currently month-to-month. RTI and WCCG are currently budgeting $100,000 in tenant improvements for Fuddruckers' new lease, but since this is one of their top locations in Texas and Westpark Plaza is quickly approaching full occupancy, RTI and WCCG anticipate that the full tenant improvement allowance will not be necessary.
- Eyemart Express is the 7th largest optical retailer in the United States, with over 143 locations in 33 states, and focuses on getting customers their glasses in one hour. The tenant is currently leasing 3,500 square feet at Westpark Plaza and is under lease until October 2018.
A current rent roll, sale and lease comparables, and market reports are attached below the map on the right hand side of this page.
RM Securities, LLC, its registered representatives, affiliates, associated persons, and personnel of its affiliates who may also be associated with it, including our associated persons and personnel of our affiliates who are also be associated with RM Securities, LLC (it (“RM Securities,” “we,” “our,” or “us”) will receive fees, expense reimbursements, and other compensation (“Fees”) from the issuer of this investment offering, its sponsor, or an affiliate thereof (“Sponsor”), or otherwise in connection with Sponsor’s offering. The Fees paid to us are in addition to other fees you will pay to Sponsor or in connection with Sponsor’s investment offering. You will pay Fees to Sponsor, either directly or indirectly as an investor in the Sponsor’s offering. Sponsor will use the Fees you pay, as well as funds you invest in the relevant offering, to compensate us. The Fees paid to us will directly or indirectly be borne by you as the investor (typically, but not always, in the form of an expense of the Sponsor’s offering in which you invest) because such Fees will reduce the proceeds available for distribution to you and reduce the amount you earn over time.
For more information on the Fees paid to us, or any other Fees you will pay in connection with Sponsor’s offering, please carefully review the Sponsor’s Investment Documents. Please also carefully review RM Securities’ Form CRS, Regulation Best Interest Disclosures, and Limited Brokerage Services Agreement.
No Approval, Opinion or Representation, or Warranty by RM Securities, LLCSponsor has provided, approved, and is solely responsible in all aspects for the information on this webpage (“Page”), including Sponsor’s offering documentation, which may include without limitation the Private Placement Memorandum, Operating or Limited Partnership Agreement, Subscription Agreement, the Project Summary and all exhibits and other documents attached thereto or referenced therein (collectively, the “Investment Documents”). The Investment Documents linked on this page have been prepared and posted by Sponsor, and not by RM Securities. We did not assist in preparing, do not adopt or endorse, and we are not otherwise responsible for, the Sponsor’s Investment Documents. We make no representations or warranties as to the accuracy of information on this Page or in the Sponsor’s Investment Documents and we accept no liability therefor. No part of the information on this Page or in the Sponsor’s Investment Documents is intended to be binding on us.
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Risk of InvestmentThis investment is speculative, highly illiquid, and involves substantial risk. There can be no assurances that all or any of Sponsor’s assumptions, expectations, estimates, goals, hypothetical illustrations, or other aspects of Sponsor’s business plans (“Assumptions”) will be true or that actual performance will bear any relation to Sponsor’s Assumptions, and no guarantee or representation is made that Sponsor’s Assumptions will be achieved. If Sponsor does not achieve its Assumptions, your investment could be materially and adversely affected. A loss of part or all of the principal value of your investment may occur. You should not invest unless you can readily bear the consequences of such loss. Sponsor’s Assumptions should not be relied upon as the primary basis for your decision to invest.
No Reliance on Forward-Looking Statements; Sponsor AssumptionsSponsor is solely responsible for statements made concerning forward-looking statements and Assumptions, which apply only as of the date made, are preliminary and subject to change, and are expressly qualified in their entirety by the disclosures and cautionary statements included in Sponsor’s Investment Documents, which you should carefully review. Neither RM Securities nor Sponsor are obligated to update or revise such forward-looking statements or Assumptions to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Sponsor’s forward-looking statements and Assumptions are hypothetical, not based on actual investment achievements or events, and are presented solely for purposes of providing insight into the Sponsor’s investment objectives, detailing Sponsor’s anticipated risk and reward characteristics, and establishing a benchmark for future evaluation of actual results; therefore, they are not a predictor, projection, or guarantee of future results. You should not rely on Sponsor’s forward-looking statements as a basis to invest.
Importantly, we do not adopt, endorse, or provide any assurance of returns or as to the accuracy or reasonableness of Sponsor’s Assumptions or forward-looking statements.
No Reliance on Past PerformanceAny description of past performance is not a reliable indicator of future performance and should not be relied upon as the primary basis to invest.
Sponsor’s Use of DebtA substantial portion of the total cost of the real estate asset acquired by the Sponsor with investor funds (“Property”) will be paid with borrowed funds, i.e., debt. Sponsor’s estimated rates and terms of the debt financing are subject to lender approval, and there is no assurance that the Sponsor will secure debt at the rates and terms presented on this Page or in the Sponsor’s Investment Documents, or at all. The use of borrowed money to acquire real estate is referred to as leveraging, which can amplify losses and could result in lender foreclosure. In addition, if the debt includes a variable (or “floating”) interest rate, the total amount of interest paid over the term of the debt will fluctuate and can increase. As a result, Sponsor’s use of debt can result in a loss of some or all of your investment.
Sponsor’s Offering is Not RegisteredSponsor’s securities offering will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), in reliance upon the exemptions from registration pursuant to Rule 506(c) of Regulation D as promulgated under the Securities Act (“Private Placement”). In addition, the offering will not be registered under any state securities laws in reliance on exemptions from state registration. Such securities (your ownership interests) are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under applicable state and federal securities laws pursuant to registration or an available exemption. All Private Placements on the Platform are intended solely for “Accredited Investors,” as that term is defined in Rule 501(a) under the Securities Act.
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