Primera Court/University Court

Property Overview

This investment represents a non-performing first mortgage collateralized by three multi-tenant office buildings located in greater Orlando, Florida. Primera Court I and Primera Court II each contain 31,840 square feet of net rentable area and were constructed in 1999 and 2000, respectively. University Court contains 42,992 square feet of net rentable area and was built in 2001.

Investment at a Glance

Location: Orlando, FL

Property Type: Class A Office

Investment Type: Non-Performing First Mortgage

Acquisition Date: July 2, 2012

Purchase Price: $8,000,000

No. of Buildings: 3

No. of Stories: 2

Square Footage: 106,672 SF

Year Built: 1999, 2000

Leased Percentage (at the time of Acquisition): 81.1%