Next Realty Makes Acquisitions and Improvements
Since the beginning of the year, Next Realty and its affiliates completed three acquisitions: a six-building, multi-tenant office complex in Arlington Heights and two parking facilities, one in Washington, D.C. and another in St. Paul, MN. The transactions further underscore the Next Value-Keep® strategy by acquiring diverse assets across various property sectors. Arlington Executive Plaza […]
Meet One of our Nextperts®
Branko Kuzmanovic is the Director of Acquisitions for Next Realty. In that role he is responsible for underwriting new acquisition opportunities and conducting due diligence. He joined the firm in October 2017. Before he joined Next Realty, Branko worked at Home Partners of America, a privately-held real estate investment trust. While there he worked on […]
When Bad Things Happen to Good Properties
To restate a favorite quote from Howard Marks’ book, The Most Important Thing, “Investment success doesn’t come from buying good things, but rather from buying things well.” To that end, Hochberg’s view on investing, in retail properties as well as in other asset classes, is to avoid problem properties. The great challenge, however, is that […]
Next Realty Acquires Washington D.C. Parking Garage
CHICAGO (March, 2019)—An affiliate of Next Realty, LLC is pleased to announce the acquisition of the transient parking portion of the Metropole Condominium Garage located at 1515 15th Street NW, Washington, D.C. The purchase price for Metropole Condominium Garage was not disclosed. The property is located below The Metropole Condominium Complex. The dynamic, mixed-use project […]
Next Realty Acquires Arlington Executive Plaza Medical/General Office Complex
An affiliate of Next Realty, LLC announced the acquisition of Arlington Executive Plaza, a medical and general office complex consisting of six single-story buildings located at 3335 – 3385 N. Arlington Heights Road, Arlington Heights, Illinois. Terms of the acquisition—the fourth for Next Realty Fund IX, LP, a fully diversified investment vehicle—were not disclosed. The six buildings […]