FAMILY OFFICE REAL ESTATE PORTFOLIO OPTIMIZATION
Portfolio Takeover & Optimization Success
“Finding a partner who understands not just the numbers, but the legacy behind them, made all the dif erence.”
Background
A family built a $50M real estate portfolio across five properties and four states, initially managed by the patriarch for decades. As he got older, his daughter (G2), balancing a young family of her own, took on the responsibility of managing the portfolio. Despite her best efforts, the family sometimes had difficulty making decisions, and there were several lingering vacancies. When the daughter wished to focus on her family, they sought a professional partner to take complete control of the portfolio. After a national search, they selected Trinity Real Estate to lead overall portfolio management, including strategy, leasing, and oversight of accounting and taxes— essentially a “CEO” for their real estate assets.
At the time of the transition, the portfolio was 84% leased and faced several challenges:
- Retail center had three spaces which had sat vacant for over 7 years
- Single tenant Industrial project sat vacant and was damaged from looting
- Mixed Use project had special use tenant with near term lease expiration
- Special-use tenant: Near-term lease rollover
Approach
The team developed a tailored strategy to stabilize the portfolio and improve cash flow distributions. We visited the properties, interviewed property managers and leasing agents, and reviewed all relevant data. We then put together a plan of attack, including an analysis highlighting investments required to lease the retail space, a security and renovation plan for the industrial asset, and a lease extension plan for the special purpose tenant.
Outcome
Within 28 months of taking over the portfolio, the portfolio achieved significant improvements:
- Retail Space: All retail spaces leased at above proforma rents
- Industrial Property: Completed the renovation and leased the property for 5 years
- Specialty Purpose Tenant: Executed a 4-year lease extension at a significant rent with no concessions
- Conclusion: The portfolio reached 100% occupancy, distributions increased over 20%, and the family achieved peace of mind.
Recommended Case Studies
Explore how Trinity Real Estate delivers measurable value through real-world solutions. From strategic acquisitions to succession planning and portfolio optimization, our case studies highlight the impact of tailored execution for family offices and institutional partners.
View All Case Studies
FAMILY OFFICE REAL ESTATE STRATEGY, MOVING FORWARD, TOGETHER
To meet its ambitious goal of building wealth for the next generation, one Seattle-area family office wanted best-inclass real estate guidance combined with a personal touch. We supplied a tailor-made portfolio strategy, systems for
bringing it to life, and a ready ear on the other end of the phone.
