video1.0<iframe src="https://www.loom.com/embed/197194af8873412686e6ccc70013a6c0" frameborder="0" width="1280" height="960" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>9601280Loomhttps://www.loom.com9601280https://cdn.loom.com/sessions/thumbnails/197194af8873412686e6ccc70013a6c0-1697473538821.gif164.457Hi, my name is Darren Nakos, managing partner at Recentric Realty Capital. In this video, I'm thrilled to introduce our latest acquisition. With the Federal Reserve raising interest rates 11 times since March 2020, the commercial real estate marketplace has undergone a major shift. Over the next 24 months, there are over 3000 properties and $52 billion of loans maturing, causing distress for owners. Our new acquisition, Union Terrace, is an 84,000 square foot office and medical building in Lakewood, Colorado. We're purchasing it at a great price and have a strong value-add strategy to increase occupancy and net operating income. Our projected internal rate of return is in the 17 to 20% range over a five-year horizon. We'll be accepting equity commitments soon, so I wanted to give you an early look.