Fort Lauderdale, FL, June 3, 2015: QuickLiquidity has announced the purchase of a minority interest position in a commercial real estate partnership with $50 million of equity. The partnership has almost 1 million square feet of stabilized office and retail real estate, along with an additional 500,000 square feet in development stages.
This partnership interest is a great addition to QuickLiquidity's growing portfolio of stabilized and cash flowing minority interest positions. We are passive investors and where others see risk in minority interest positions, we see opportunity," said A. Yoni Miller, Principal of QuickLiquidity.
The acquired partnership interest owns over a dozen commercial properties in Pennsylvania, New Jersey, and Delaware. These investments have credit tenants including Lowe's, Starbucks, PNC Bank, Bank of America, Big Lots, and more. The properties are stabilized with over 70% of the square footage leased through 2020.
QuickLiquidity's founders purchased their first minority interest position in a commercial real estate partnership on the secondary market in 2009 and continue to provide a reliable exit strategy for investors looking to break free from their illiquid assets.
To keep up with the growing demand for secondary market liquidity, QuickLiquidity is in the process of launching the world's first fund dedicated to acquiring minority interest positions in commercial real estate partnerships and online real estate crowdfunding. QuickLiquidity has begun allowing accredited investors to sign up to partake in their fund upon launch, which is scheduled to debut this summer.
