[sheet: Rent Roll Summary]
Metric | Value
Purchase and Sale Agreement Date | February 28, 2024
Rent Roll Effective Date | December 31, 2023
Buyer | Fairwater Real Estate Investment Trust
Seller | Greystone Meridian Partners Fund III, L.P.
Total Properties | 14
Total Leases | 87
Total Portfolio RSF | 5,224,000
Total Leased RSF | 4,868,768
Total Vacant RSF | 355,232
Weighted-Average Occupancy — Portfolio | 93.2%
Weighted-Average Occupancy — Logistics (10 properties) | 96.1%
Weighted-Average Occupancy — Office (4 properties) | 82.7%
Annual In-Place Base Rent (Portfolio) | $74,800,000
In-Place Cap Rate (vs. $1,100,000,000 Purchase Price) | 6.80%
Weighted-Average Remaining Lease Term | 5.8 years
Number of Major Tenants (ABR ≥ $1,500,000 p.a.) | 38
Major Tenant RSF Threshold (Estoppels) | 25,000 RSF
Estoppel Requirement — 80% ABR Threshold | $59,840,000
Aggregate Tenant Security Deposits | $4,283,000
Purchase Price | $1,100,000,000
[sheet: Property Summary]
Property # | Property Name | Address | City | State | Property Type | Target Entity (LLC) | EIN | Loan Designation | Lender | Year Built | Total RSF | Leased RSF | Vacant RSF | Occupancy % | Number of Leases | Annual In-Place Base Rent | Rent PSF — Occupied | Weighted-Avg Remaining Lease Term (years)
1 | Fairfield Logistics Center I | 4200 Fairfield Industrial Blvd | Fairburn | GA | Logistics | GMP Fairfield I LLC | 84-2310561 | 1-A | Pinnacle Federal Bank, N.A. | 2020 | 412000 | 412000 | 0 | 100.0% | 3 | $6,180,000 | $15.00 | 6.2
2 | Fairfield Logistics Center II | 4300 Fairfield Industrial Blvd | Fairburn | GA | Logistics | GMP Fairfield II LLC | 84-2310578 | 1-B | Pinnacle Federal Bank, N.A. | 2020 | 387000 | 375390 | 11610 | 97.0% | 4 | $5,380,000 | $14.33 | 5.5
3 | Westlake Distribution Hub | 11500 Westlake Parkway | Houston | TX | Logistics | GMP Westlake LLC | 84-2415693 | 1-C | Pinnacle Federal Bank, N.A. | 2019 | 624000 | 624000 | 0 | 100.0% | 1 | $8,736,000 | $14.00 | 7.1
4 | Katy Freeway Logistics Park | 22600 Katy Freeway | Katy | TX | Logistics | GMP Katy LLC | 84-2415710 | 1-D | Pinnacle Federal Bank, N.A. | 2021 | 538000 | 538000 | 0 | 100.0% | 1 | $7,532,000 | $14.00 | 6.8
5 | Alliance Commerce Center | 2800 Alliance Gateway Blvd | Fort Worth | TX | Logistics | GMP Alliance LLC | 84-2415728 | 1-E | Pinnacle Federal Bank, N.A. | 2020 | 485000 | 462370 | 22630 | 95.3% | 5 | $6,250,000 | $13.52 | 5.4
6 | Lakeland Crossings Industrial | 7100 Drane Field Road | Lakeland | FL | Logistics | GMP Lakeland LLC | 84-2527834 | 1-F | Pinnacle Federal Bank, N.A. | 2019 | 372000 | 357120 | 14880 | 96.0% | 4 | $4,820,000 | $13.50 | 4.9
7 | Southport Logistics Park | 3200 Southport Connector Road | Jacksonville | FL | Logistics | GMP Southport LLC | 84-2527849 | 1-G | Pinnacle Federal Bank, N.A. | 2021 | 410000 | 410000 | 0 | 100.0% | 2 | $5,330,000 | $13.00 | 6.5
8 | Murfreesboro Distribution Center | 1600 Joe B. Jackson Parkway | Murfreesboro | TN | Logistics | GMP Murfreesboro LLC | 84-2527856 | 1-H | Pinnacle Federal Bank, N.A. | 2020 | 502000 | 477904 | 24096 | 95.2% | 6 | $6,450,000 | $13.49 | 5.7
9 | Buckhead Place Office Tower | 3380 Peachtree Road NE | Atlanta | GA | Office | GMP Buckhead LLC | 84-2639901 | 2-A | Veltrano Capital Lending Corp. | 2018 | 285000 | 239400 | 45600 | 84.0% | 14 | $7,650,000 | $31.95 | 4.8
10 | SouthPark Corporate Center | 6200 Fairview Road | Charlotte | NC | Office | GMP SouthPark LLC | 84-2639918 | 2-B | Veltrano Capital Lending Corp. | 2017 | 218000 | 218000 | 0 | 100.0% | 8 | $5,668,000 | $26.00 | 5.3
11 | Cool Springs Office Park | 5000 Virginia Way | Brentwood | TN | Office | GMP Cool Springs LLC | 84-2639925 | 2-C | Veltrano Capital Lending Corp. | 2016 | 196000 | 145040 | 50960 | 74.0% | 10 | $4,060,000 | $27.99 | 4.2
12 | Brickell Bay Office Building | 1450 Brickell Avenue | Miami | FL | Office | GMP Brickell LLC | 84-2639932 | 2-D | Veltrano Capital Lending Corp. | 2019 | 152000 | 118560 | 33440 | 78.0% | 9 | $4,540,000 | $38.29 | 5
13 | Peachtree Corners Logistics Center | 5900 Peachtree Industrial Blvd | Peachtree Corners | GA | Logistics | GMP Peachtree LLC | 84-2741063 | 3-A | Sycamore Life Insurance Company | 2020 | 345000 | 331200 | 13800 | 96.0% | 5 | $4,310,000 | $13.01 | 6
14 | Mount Juliet Commerce Park | 400 South Mount Juliet Road | Mount Juliet | TN | Logistics | GMP Mount Juliet LLC | 84-2741070 | 3-B | Sycamore Life Insurance Company | 2021 | 298000 | 279784 | 18216 | 93.9% | 15 | $3,894,000 | $13.92 | 5.6
PORTFOLIO TOTAL | 5224000 | 4868768 | 355232 | 93.2% | 87 | $74,800,000 | $15.36 | 5.8
[sheet: Rent Roll Detail]
Property # | Property Name | State | Target Entity (LLC) | Lease # | Tenant Name | Suite / Unit | RSF | Lease Commencement Date | Lease Expiration Date | Remaining Term (years) | Annual Base Rent | Monthly Base Rent | Base Rent PSF | Rent Escalation Type | Annual Escalation Rate / Amount | Next Escalation Date | Lease Type | Renewal Options | Expansion Options | Purchase Option | ROFO / ROFR | Termination Option | Assignment / Subletting | Co-Tenancy Clause | Security Deposit | Major Tenant (Yes/No) | Notes
1 | Fairfield Logistics Center I | GA | GMP Fairfield I LLC | 1 | Thornton-Whitaker Pharmaceuticals Corp. | Building A (Sole Tenant) | 412000 | 2020-06-01 | 2030-05-31 | 6.4 | $6,180,000 | $515,000.00 | $15.00 | Fixed Annual Increase | 2.5% per annum | 2024-06-01 | NNN | Two (2) x 5-year renewals at 95% FMV | None | None | None | None | Landlord consent required, not to be unreasonably withheld | None | $925,000 | Yes | Single-tenant building; sole tenant at Fairfield I
2 | Fairfield Logistics Center II | GA | GMP Fairfield II LLC | 2 | Pinnacle Health Distribution LLC | Suite 100 | 185000 | 2020-08-01 | 2030-07-31 | 6.6 | $2,664,000 | $222,000.00 | $14.40 | Fixed Annual Increase | 2.5% per annum | 2024-08-01 | NNN | Two (2) x 5-year renewals at 95% FMV | ROFO on adjacent suite | None | ROFO | None | Landlord consent required | None | $200,000 | Yes | Largest tenant at Fairfield II
2 | Fairfield Logistics Center II | GA | GMP Fairfield II LLC | 3 | Summit Packaging Solutions Inc. | Suite 200 | 120390 | 2021-01-15 | 2029-01-14 | 5 | $1,716,000 | $143,000.00 | $14.25 | Fixed Annual Increase | 2.5% per annum | 2025-01-15 | NNN | One (1) x 5-year renewal at FMV | None | None | None | None | Landlord consent required | None | $130,000 | Yes
2 | Fairfield Logistics Center II | GA | GMP Fairfield II LLC | 4 | Evergreen Industrial Supply Co. | Suite 300 | 70000 | 2021-06-01 | 2028-05-31 | 4.4 | $1,000,000 | $83,333.33 | $14.29 | Fixed Annual Increase | 2.0% per annum | 2024-06-01 | NNN | One (1) x 3-year renewal at FMV | None | None | None | None | Landlord consent required | None | $75,000 | No
2 | Fairfield Logistics Center II | GA | GMP Fairfield II LLC | Vacant | Suite 400 | 11610 | $0 | $0 | $0 | N/A | Vacant suite — 11,610 RSF
3 | Westlake Distribution Hub | TX | GMP Westlake LLC | 5 | Cascade Supply Chain Solutions Inc. | Entire Building | 624000 | 2019-09-01 | 2031-08-31 | 7.7 | $8,736,000 | $728,000.00 | $14.00 | Fixed Annual Increase | 2.75% per annum | 2024-09-01 | NNN | Three (3) x 5-year renewals at FMV | None | None | ROFR on adjacent parcels | Early termination right after Year 8 with 12-month notice and penalty | Landlord consent required | None | $650,000 | Yes | Single-tenant building; largest tenant by ABR at $8,736,000 (11.7% of portfolio ABR)
4 | Katy Freeway Logistics Park | TX | GMP Katy LLC | 6 | Zynvaro Distribution Holdings LLC | Entire Building | 538000 | 2021-03-01 | 2031-02-28 | 7.2 | $7,532,000 | $627,666.67 | $14.00 | Fixed Annual Increase | 2.5% per annum | 2024-03-01 | NNN | Two (2) x 5-year renewals at 95% FMV | None | None | None | None | Landlord consent required | None | $565,000 | Yes | Single-tenant building; second-largest tenant by ABR at $7,532,000 (10.1% of portfolio ABR)
5 | Alliance Commerce Center | TX | GMP Alliance LLC | 7 | Redwood Consumer Products Inc. | Building 1 | 210000 | 2020-04-01 | 2030-03-31 | 6.2 | $2,856,000 | $238,000.00 | $13.60 | Fixed Annual Increase | 2.5% per annum | 2024-04-01 | NNN | Two (2) x 5-year renewals at 95% FMV | None | None | None | None | Landlord consent required | None | $215,000 | Yes | Largest tenant at Alliance Commerce Center
5 | Alliance Commerce Center | TX | GMP Alliance LLC | 8 | Clearwater Automotive Parts LLC | Building 2 | 125000 | 2020-07-01 | 2029-06-30 | 5.5 | $1,687,500 | $140,625.00 | $13.50 | Fixed Annual Increase | 2.5% per annum | 2024-07-01 | NNN | One (1) x 5-year renewal at FMV | None | None | None | None | Landlord consent required | None | $125,000 | Yes
5 | Alliance Commerce Center | TX | GMP Alliance LLC | 9 | Horizon E-Commerce Fulfillment Inc. | Building 3A | 72370 | 2021-02-01 | 2029-01-31 | 5.1 | $978,000 | $81,500.00 | $13.52 | CPI-Based Escalation | CPI capped at 3.5% | 2024-02-01 | NNN | One (1) x 3-year renewal at FMV | None | None | None | None | Landlord consent required | None | $55,000 | No
5 | Alliance Commerce Center | TX | GMP Alliance LLC | 10 | Apex Cold Storage Solutions LLC | Building 3B | 55000 | 2021-09-01 | 2028-08-31 | 4.7 | $728,500 | $60,708.33 | $13.25 | Fixed Annual Increase | 2.0% per annum | 2024-09-01 | NNN | One (1) x 3-year renewal at FMV | None | None | None | None | Landlord consent required | None | $40,000 | No
5 | Alliance Commerce Center | TX | GMP Alliance LLC | Vacant | Building 4 | 22630 | $0 | $0 | $0 | N/A | Vacant space — 22,630 RSF
6 | Lakeland Crossings Industrial | FL | GMP Lakeland LLC | 11 | Sterling Home Goods Distribution Corp. | Building A | 180000 | 2019-11-01 | 2029-10-31 | 5.8 | $2,430,000 | $202,500.00 | $13.50 | Fixed Annual Increase | 2.5% per annum | 2024-11-01 | NNN | Two (2) x 5-year renewals at 95% FMV | None | None | None | None | Landlord consent required | None | $180,000 | Yes | Largest tenant at Lakeland Crossings
6 | Lakeland Crossings Industrial | FL | GMP Lakeland LLC | 12 | Brightway Building Materials Inc. | Building B | 102120 | 2020-03-01 | 2028-02-29 | 4.2 | $1,378,620 | $114,885.00 | $13.50 | Fixed Annual Increase | 2.5% per annum | 2024-03-01 | NNN | One (1) x 5-year renewal at FMV | None | None | None | None | Landlord consent required | None | $75,000 | No
6 | Lakeland Crossings Industrial | FL | GMP Lakeland LLC | 13 | Coastal Beverage Distributors LLC | Building C | 50000 | 2021-05-01 | 2027-04-30 | 3.3 | $675,000 | $56,250.00 | $13.50 | Fixed Annual Increase | 2.0% per annum | 2024-05-01 | NNN | One (1) x 3-year renewal at FMV | None | None | None | None | Landlord consent required | None | $35,000 | No
6 | Lakeland Crossings Industrial | FL | GMP Lakeland LLC | 14 | Trident Paper & Packaging Co. | Building D | 25000 | 2022-01-01 | 2027-12-31 | 4 | $336,380 | $28,031.67 | $13.46 | Fixed Annual Increase | 2.0% per annum | 2025-01-01 | NNN | One (1) x 3-year renewal at FMV | None | None | None | None | Landlord consent required | None | $20,000 | No
6 | Lakeland Crossings Industrial | FL | GMP Lakeland LLC | Vacant | Building E | 14880 | $0 | $0 | $0 | N/A | Vacant space — 14,880 RSF
7 | Southport Logistics Park | FL | GMP Southport LLC | 15 | Atlas Freight Logistics Corp. | Building 1 | 310000 | 2021-07-01 | 2031-06-30 | 7.5 | $4,030,000 | $335,833.33 | $13.00 | Fixed Annual Increase | 2.5% per annum | 2024-07-01 | NNN | Two (2) x 5-year renewals at FMV | Expansion right on Building 2 (if developed) | None | ROFO on Building 2 | None | Landlord consent required | None | $300,000 | Yes | Largest tenant at Southport; fifth-largest by ABR
7 | Southport Logistics Park | FL | GMP Southport LLC | 16 | Marlowe Asset Management Fleet Services LLC | Building 2 | 100000 | 2021-10-01 | 2029-09-30 | 5.8 | $1,300,000 | $108,333.33 | $13.00 | Fixed Annual Increase | 2.5% per annum | 2024-10-01 | NNN | One (1) x 5-year renewal at FMV | None | None | None | None | Landlord consent required | None | $100,000 | No
8 | Murfreesboro Distribution Center | TN | GMP Murfreesboro LLC | 17 | Heritage Foods Distribution Inc. | Building A | 200000 | 2020-05-01 | 2030-04-30 | 6.3 | $2,700,000 | $225,000.00 | $13.50 | Fixed Annual Increase | 2.5% per annum | 2024-05-01 | NNN | Two (2) x 5-year renewals at 95% FMV | None | None | None | None | Landlord consent required | None | $200,000 | Yes | Largest tenant at Murfreesboro
8 | Murfreesboro Distribution Center | TN | GMP Murfreesboro LLC | 18 | National Textile Imports LLC | Building B | 120000 | 2020-09-01 | 2029-08-31 | 5.7 | $1,620,000 | $135,000.00 | $13.50 | Fixed Annual Increase | 2.5% per annum | 2024-09-01 | NNN | One (1) x 5-year renewal at FMV | None | None | None | None | Landlord consent required | None | $90,000 | Yes
8 | Murfreesboro Distribution Center | TN | GMP Murfreesboro LLC | 19 | Pioneer Hardware Supply Co. | Building C | 85000 | 2021-01-01 | 2028-12-31 | 5 | $1,147,500 | $95,625.00 | $13.50 | Fixed Annual Increase | 2.0% per annum | 2025-01-01 | NNN | One (1) x 5-year renewal at FMV | None | None | None | None | Landlord consent required | None | $65,000 | No
8 | Murfreesboro Distribution Center | TN | GMP Murfreesboro LLC | 20 | Metro Printing & Graphics Inc. | Building D | 42904 | 2021-06-01 | 2027-05-31 | 3.4 | $578,204 | $48,183.67 | $13.48 | Fixed Annual Increase | 2.0% per annum | 2024-06-01 | NNN | One (1) x 3-year renewal at FMV | None | None | None | None | Landlord consent required | None | $30,000 | No
8 | Murfreesboro Distribution Center | TN | GMP Murfreesboro LLC | 21 | Granite Stone Building Products LLC | Building E | 18000 | 2022-03-01 | 2027-02-28 | 3.2 | $242,820 | $20,235.00 | $13.49 | Fixed Annual Increase | 2.0% per annum | 2025-03-01 | NNN | None | None | None | None | None | Landlord consent required | None | $15,000 | No
8 | Murfreesboro Distribution Center | TN | GMP Murfreesboro LLC | 22 | Keystone Precision Machining Corp. | Building F | 12000 | 2022-08-01 | 2026-07-31 | 2.6 | $161,476 | $13,456.33 | $13.46 | Fixed Annual Increase | 2.0% per annum | 2025-08-01 | NNN | None | None | None | None | None | Landlord consent required | None | $10,000 | No
8 | Murfreesboro Distribution Center | TN | GMP Murfreesboro LLC | Vacant | Building G | 24096 | $0 | $0 | $0 | N/A | Vacant space — 24,096 RSF
9 | Buckhead Place Office Tower | GA | GMP Buckhead LLC | 23 | Meridian Wealth Advisors LLC | Suite 100-200 | 42000 | 2019-03-01 | 2029-02-28 | 5.2 | $1,365,000 | $113,750.00 | $32.50 | Fixed Annual Increase | 3.0% per annum | 2024-03-01 | Full Service | Two (2) x 5-year renewals at FMV | ROFO on contiguous space | None | ROFO | None | Landlord consent required, not to be unreasonably withheld | None | $65,000 | Yes | Largest tenant at Buckhead Place
9 | Buckhead Place Office Tower | GA | GMP Buckhead LLC | 24 | Hargrove & Associates LLP | Suite 300 | 28000 | 2020-01-15 | 2028-01-14 | 4 | $910,000 | $75,833.33 | $32.50 | Fixed Annual Increase | 3.0% per annum | 2024-01-15 | Full Service | One (1) x 5-year renewal at FMV | None | None | None | None | Landlord consent required | None | $45,000 | No
9 | Buckhead Place Office Tower | GA | GMP Buckhead LLC | 25 | Brindoval Insurance Group Inc. | Suite 400 | 25000 | 2020-06-01 | 2029-05-31 | 5.4 | $812,500 | $67,708.33 | $32.50 | Fixed Annual Increase | 3.0% per annum | 2024-06-01 | Full Service | One (1) x 5-year renewal at FMV | None | None | None | None | Landlord consent required | None | $40,000 | Yes
9 | Buckhead Place Office Tower | GA | GMP Buckhead LLC | 26 | Foxbridge Capital Partners LLC | Suite 500 | 22000 | 2019-09-01 | 2027-08-31 | 3.7 | $715,000 | $59,583.33 | $32.50 | Fixed Annual Increase | 3.0% per annum | 2024-09-01 | Full Service | One (1) x 3-year renewal at FMV | None | None | None | None | Landlord consent required | None | $35,000 | No
9 | Buckhead Place Office Tower | GA | GMP Buckhead LLC | 27 | DataStream Analytics Corp. | Suite 600 | 20000 | 2021-02-01 | 2029-01-31 | 5.1 | $650,000 | $54,166.67 | $32.50 | Fixed Annual Increase | 3.0% per annum | 2024-02-01 | Full Service | One (1) x 5-year renewal at FMV | None | None | None | None | Landlord consent required | None | $30,000 | No
9 | Buckhead Place Office Tower | GA | GMP Buckhead LLC | 28 | Ashford Legal Services P.C. | Suite 700 | 18000 | 2020-11-01 | 2028-10-31 | 4.8 | $585,000 | $48,750.00 | $32.50 | Fixed Annual Increase | 3.0% per annum | 2024-11-01 | Full Service | One (1) x 3-year renewal at FMV | None | None | None | None | Landlord consent required | None | $28,000 | No
9 | Buckhead Place Office Tower | GA | GMP Buckhead LLC | 29 | Granite Peak Engineering Inc. | Suite 800 | 16000 | 2021-04-01 | 2028-03-31 | 4.2 | $520,000 | $43,333.33 | $32.50 | Fixed Annual Increase | 3.0% per annum | 2024-04-01 | Full Service | One (1) x 3-year renewal at FMV | None | None | None | None | Landlord consent required | None | $25,000 | No
9 | Buckhead Place Office Tower | GA | GMP Buckhead LLC | 30 | Riverstone Marketing Group LLC | Suite 900 | 14000 | 2022-01-01 | 2027-12-31 | 4 | $455,000 | $37,916.67 | $32.50 | Fixed Annual Increase | 3.0% per annum | 2025-01-01 | Full Service | None | None | None | None | None | Landlord consent required | None | $22,000 | No
9 | Buckhead Place Office Tower | GA | GMP Buckhead LLC | 31 | Belmont Architectural Design LLC | Suite 1000 | 12000 | 2021-07-01 | 2026-06-30 | 2.5 | $390,000 | $32,500.00 | $32.50 | Fixed Annual Increase | 3.0% per annum | 2024-07-01 | Full Service | None | None | None | None | None | Landlord consent required | None | $18,000 | No
9 | Buckhead Place Office Tower | GA | GMP Buckhead LLC | 32 | Oakmont Financial Planning Inc. | Suite 1100 | 10400 | 2022-03-01 | 2026-02-28 | 2.2 | $338,000 | $28,166.67 | $32.50 | Fixed Annual Increase | 3.0% per annum | 2025-03-01 | Full Service | None | None | None | None | None | Landlord consent required | None | $16,000 | No
9 | Buckhead Place Office Tower | GA | GMP Buckhead LLC | 33 | Clearpath HR Consulting LLC | Suite 1200 | 9000 | 2022-06-01 | 2025-05-31 | 1.4 | $292,500 | $24,375.00 | $32.50 | Fixed Annual Increase | 3.0% per annum | 2024-06-01 | Full Service | One (1) x 2-year renewal at FMV | None | None | None | None | Landlord consent required | None | $14,000 | No
9 | Buckhead Place Office Tower | GA | GMP Buckhead LLC | 34 | Northpoint Venture Partners LLC | Suite 1300 | 8000 | 2023-01-01 | 2025-12-31 | 2 | $260,000 | $21,666.67 | $32.50 | Fixed Annual Increase | 3.0% per annum | 2025-01-01 | Full Service | None | None | None | None | None | Landlord consent required | None | $12,000 | No
9 | Buckhead Place Office Tower | GA | GMP Buckhead LLC | 35 | Waverly Public Relations Inc. | Suite 1400 | 7000 | 2023-04-01 | 2026-03-31 | 2.2 | $227,500 | $18,958.33 | $32.50 | Fixed Annual Increase | 3.0% per annum | 2024-04-01 | Full Service | None | None | None | None | None | Landlord consent required | None | $10,000 | No
9 | Buckhead Place Office Tower | GA | GMP Buckhead LLC | 36 | Summit Talent Acquisition Corp. | Suite 1500 | 8000 | 2023-06-01 | 2027-05-31 | 3.4 | $130,000 | $10,833.33 | $16.25 | Flat (No Escalation) | None | Full Service | None | None | None | None | None | Landlord consent required | None | $0 | No | Below-market sublease; expiring 2027
9 | Buckhead Place Office Tower | GA | GMP Buckhead LLC | Vacant | Suite 1600 | 15400 | $0 | $0 | $0 | N/A | Vacant suite — 15,400 RSF
9 | Buckhead Place Office Tower | GA | GMP Buckhead LLC | Vacant | Suite 1700 | 22000 | $0 | $0 | $0 | N/A | Vacant suite — 22,000 RSF
9 | Buckhead Place Office Tower | GA | GMP Buckhead LLC | Vacant | Suite 1800 | 8200 | $0 | $0 | $0 | N/A | Vacant suite — 8,200 RSF
10 | SouthPark Corporate Center | NC | GMP SouthPark LLC | 37 | Birchwood Technology Group Inc. | Suites 100-300 | 120000 | 2019-01-15 | 2029-01-14 | 5 | $3,120,000 | $260,000.00 | $26.00 | Fixed Annual Increase | 3.0% per annum | 2024-01-15 | Full Service | Two (2) x 5-year renewals at FMV | ROFO on vacant space in building | None | ROFO | Early termination right after Year 7 with 9-month notice and 6-month rent penalty | Landlord consent required, not to be unreasonably withheld | None | $180,000 | Yes | Largest tenant at SouthPark; sole building tenant occupying multiple floors
10 | SouthPark Corporate Center | NC | GMP SouthPark LLC | 38 | Birchwood Technology Group Inc. | Suites 400-500 | 48000 | 2019-01-15 | 2029-01-14 | 5 | $1,248,000 | $104,000.00 | $26.00 | Fixed Annual Increase | 3.0% per annum | 2024-01-15 | Full Service | Two (2) x 5-year renewals at FMV | None | None | None | None | Landlord consent required, not to be unreasonably withheld | None | $72,000 | Yes | Second lease with Birchwood at SouthPark
10 | SouthPark Corporate Center | NC | GMP SouthPark LLC | 39 | Birchwood Technology Group Inc. | Suite 600 | 18000 | 2020-06-01 | 2029-01-14 | 5 | $468,000 | $39,000.00 | $26.00 | Fixed Annual Increase | 3.0% per annum | 2024-06-01 | Full Service | Co-terminous with Suites 100-500 | None | None | None | None | Landlord consent required | None | $27,000 | No | Expansion lease co-terminous with primary lease
10 | SouthPark Corporate Center | NC | GMP SouthPark LLC | 40 | Cornerstone Accounting & Tax LLP | Suite 700 | 12000 | 2020-09-01 | 2028-08-31 | 4.7 | $312,000 | $26,000.00 | $26.00 | Fixed Annual Increase | 3.0% per annum | 2024-09-01 | Full Service | One (1) x 3-year renewal at FMV | None | None | None | None | Landlord consent required | None | $48,000 | No
10 | SouthPark Corporate Center | NC | GMP SouthPark LLC | 41 | Pinebrook Wealth Management LLC | Suite 800 | 8000 | 2021-03-01 | 2027-02-28 | 3.2 | $208,000 | $17,333.33 | $26.00 | Fixed Annual Increase | 3.0% per annum | 2024-03-01 | Full Service | None | None | None | None | None | Landlord consent required | None | $32,000 | No
10 | SouthPark Corporate Center | NC | GMP SouthPark LLC | 42 | Silverleaf Executive Search Inc. | Suite 900 | 5000 | 2022-01-01 | 2026-12-31 | 3 | $130,000 | $10,833.33 | $26.00 | Fixed Annual Increase | 3.0% per annum | 2025-01-01 | Full Service | None | None | None | None | None | Landlord consent required | None | $20,000 | No
10 | SouthPark Corporate Center | NC | GMP SouthPark LLC | 43 | Trailblazer Digital Marketing LLC | Suite 1000 | 4000 | 2022-06-01 | 2025-05-31 | 1.4 | $104,000 | $8,666.67 | $26.00 | Fixed Annual Increase | 3.0% per annum | 2024-06-01 | Full Service | One (1) x 2-year renewal at FMV | None | None | None | None | Landlord consent required | None | $26,000 | No
10 | SouthPark Corporate Center | NC | GMP SouthPark LLC | 44 | Compass Learning Solutions Corp. | Suite 1100 | 3000 | 2023-03-01 | 2026-02-28 | 2.2 | $78,000 | $6,500.00 | $26.00 | Fixed Annual Increase | 3.0% per annum | 2025-03-01 | Full Service | None | None | None | None | None | Landlord consent required | None | $20,000 | No
11 | Cool Springs Office Park | TN | GMP Cool Springs LLC | 45 | Basalt Ridge Consulting Group LLC | Suite 100 | 35000 | 2018-06-01 | 2028-05-31 | 4.4 | $980,000 | $81,666.67 | $28.00 | Fixed Annual Increase | 2.5% per annum | 2024-06-01 | Modified Gross | One (1) x 5-year renewal at FMV | None | None | None | None | Landlord consent required | None | $52,000 | No | Largest tenant at Cool Springs
11 | Cool Springs Office Park | TN | GMP Cool Springs LLC | 46 | Keystone Medical Billing Inc. | Suite 200 | 28000 | 2019-01-01 | 2027-12-31 | 4 | $784,000 | $65,333.33 | $28.00 | Fixed Annual Increase | 2.5% per annum | 2024-01-01 | Modified Gross | One (1) x 5-year renewal at FMV | None | None | None | None | Landlord consent required | None | $42,000 | Yes
11 | Cool Springs Office Park | TN | GMP Cool Springs LLC | 47 | Hawthorn Data Services LLC | Suite 250 | 22000 | 2019-04-01 | 2027-03-31 | 3.2 | $616,000 | $51,333.33 | $28.00 | Fixed Annual Increase | 2.5% per annum | 2024-04-01 | Modified Gross | One (1) x 3-year renewal at FMV | None | None | None | None | Landlord consent required | None | $33,000 | No
11 | Cool Springs Office Park | TN | GMP Cool Springs LLC | 48 | Riverbend Environmental Services Inc. | Suite 350 | 15000 | 2020-07-01 | 2026-06-30 | 2.5 | $420,000 | $35,000.00 | $28.00 | Fixed Annual Increase | 2.5% per annum | 2024-07-01 | Modified Gross | None | None | None | None | None | Landlord consent required | None | $22,000 | No
11 | Cool Springs Office Park | TN | GMP Cool Springs LLC | 49 | Crestwood Insurance Brokers LLC | Suite 400 | 12000 | 2021-01-01 | 2026-12-31 | 3 | $336,000 | $28,000.00 | $28.00 | Fixed Annual Increase | 2.5% per annum | 2025-01-01 | Modified Gross | None | None | None | None | None | Landlord consent required | None | $18,000 | No
11 | Cool Springs Office Park | TN | GMP Cool Springs LLC | 50 | Summit Physical Therapy P.C. | Suite 450 | 10040 | 2021-06-01 | 2025-05-31 | 1.4 | $281,120 | $23,426.67 | $28.00 | Fixed Annual Increase | 2.5% per annum | 2024-06-01 | Modified Gross | One (1) x 2-year renewal at FMV | None | None | None | None | Landlord consent required | None | $15,000 | No
11 | Cool Springs Office Park | TN | GMP Cool Springs LLC | 51 | Magnolia Staffing Solutions Inc. | Suite 500 | 8000 | 2022-03-01 | 2025-02-28 | 0.2 | $224,000 | $18,666.67 | $28.00 | Fixed Annual Increase | 2.5% per annum | 2024-03-01 | Modified Gross | None | None | None | None | None | Landlord consent required | None | $12,000 | No | Lease expiring Feb 2025
11 | Cool Springs Office Park | TN | GMP Cool Springs LLC | 52 | Westfield Payroll Processing LLC | Suite 550 | 8000 | 2022-09-01 | 2026-08-31 | 2.7 | $222,880 | $18,573.33 | $27.86 | CPI-Based Escalation | CPI capped at 3.5% | 2024-09-01 | Modified Gross | None | None | None | None | None | Landlord consent required | None | $12,000 | No
11 | Cool Springs Office Park | TN | GMP Cool Springs LLC | 53 | Bluewater Creative Agency LLC | Suite 600 | 7000 | 2023-01-01 | 2026-12-31 | 3 | $196,000 | $16,333.33 | $28.00 | Fixed Annual Increase | 2.5% per annum | 2025-01-01 | Modified Gross | None | None | None | None | None | Landlord consent required | None | $9,000 | No
11 | Cool Springs Office Park | TN | GMP Cool Springs LLC | Vacant | Suite 300 | 12400 | $0 | $0 | $0 | N/A | Vacant suite — part of 50,960 RSF total vacancy at Cool Springs
11 | Cool Springs Office Park | TN | GMP Cool Springs LLC | Vacant | Suite 650 | 18560 | $0 | $0 | $0 | N/A | Vacant suite — part of 50,960 RSF total vacancy at Cool Springs
11 | Cool Springs Office Park | TN | GMP Cool Springs LLC | Vacant | Suite 700 | 20000 | $0 | $0 | $0 | N/A | Vacant suite — part of 50,960 RSF total vacancy at Cool Springs
12 | Brickell Bay Office Building | FL | GMP Brickell LLC | 54 | Suncoast Venture Capital LLC | Suite 100 | 25000 | 2019-06-01 | 2029-05-31 | 5.4 | $956,250 | $79,687.50 | $38.25 | Fixed Annual Increase | 3.0% per annum | 2024-06-01 | Full Service | Two (2) x 5-year renewals at FMV | ROFO on contiguous space | None | ROFO | None | Landlord consent required, not to be unreasonably withheld | None | $75,000 | Yes | Largest tenant at Brickell Bay
12 | Brickell Bay Office Building | FL | GMP Brickell LLC | 55 | Atlantic Maritime Law Group LLP | Suite 200 | 20000 | 2020-01-01 | 2029-12-31 | 6 | $765,000 | $63,750.00 | $38.25 | Fixed Annual Increase | 3.0% per annum | 2025-01-01 | Full Service | One (1) x 5-year renewal at FMV | None | None | None | None | Landlord consent required | None | $60,000 | Yes
12 | Brickell Bay Office Building | FL | GMP Brickell LLC | 56 | Coral Gables Dermatology P.A. | Suite 300 | 15000 | 2020-06-01 | 2028-05-31 | 4.4 | $573,750 | $47,812.50 | $38.25 | Fixed Annual Increase | 3.0% per annum | 2024-06-01 | Full Service | One (1) x 3-year renewal at FMV | None | None | None | None | Landlord consent required | None | $45,000 | No
12 | Brickell Bay Office Building | FL | GMP Brickell LLC | 57 | Palmetto Wealth Strategies Inc. | Suite 400 | 14560 | 2021-03-01 | 2028-02-29 | 4.2 | $556,920 | $46,410.00 | $38.25 | Fixed Annual Increase | 3.0% per annum | 2024-03-01 | Full Service | One (1) x 3-year renewal at FMV | None | None | None | None | Landlord consent required | None | $44,000 | No
12 | Brickell Bay Office Building | FL | GMP Brickell LLC | 58 | Biscayne Digital Marketing LLC | Suite 500 | 12000 | 2021-09-01 | 2027-08-31 | 3.7 | $459,000 | $38,250.00 | $38.25 | Fixed Annual Increase | 3.0% per annum | 2024-09-01 | Full Service | None | None | None | None | None | Landlord consent required | None | $36,000 | No
12 | Brickell Bay Office Building | FL | GMP Brickell LLC | 59 | Oceanic Trade Finance Corp. | Suite 600 | 12000 | 2022-01-01 | 2027-12-31 | 4 | $459,000 | $38,250.00 | $38.25 | Fixed Annual Increase | 3.0% per annum | 2025-01-01 | Full Service | None | None | None | None | None | Landlord consent required | None | $18,000 | No
12 | Brickell Bay Office Building | FL | GMP Brickell LLC | 60 | Bayfront Architecture Studio LLC | Suite 700 | 10000 | 2022-06-01 | 2026-05-31 | 2.4 | $382,500 | $31,875.00 | $38.25 | Fixed Annual Increase | 3.0% per annum | 2024-06-01 | Full Service | None | None | None | None | None | Landlord consent required | None | $15,000 | No
12 | Brickell Bay Office Building | FL | GMP Brickell LLC | 61 | Latitude Executive Suites Inc. | Suite 800 | 5000 | 2023-01-01 | 2025-12-31 | 2 | $191,250 | $15,937.50 | $38.25 | Flat (No Escalation) | None | Full Service | None | None | None | None | None | Landlord consent required | None | $10,000 | No | Short-term lease; no escalations
12 | Brickell Bay Office Building | FL | GMP Brickell LLC | 62 | Tropicana Immigration Law P.A. | Suite 850 | 5000 | 2023-04-01 | 2026-03-31 | 2.2 | $196,330 | $16,360.83 | $39.27 | CPI-Based Escalation | CPI capped at 3.5% | 2024-04-01 | Full Service | None | None | None | None | None | Landlord consent required | None | $7,000 | No
12 | Brickell Bay Office Building | FL | GMP Brickell LLC | Vacant | Suite 900 | 18440 | $0 | $0 | $0 | N/A | Vacant suite — 18,440 RSF
12 | Brickell Bay Office Building | FL | GMP Brickell LLC | Vacant | Suite 950 | 15000 | $0 | $0 | $0 | N/A | Vacant suite — 15,000 RSF
13 | Peachtree Corners Logistics Center | GA | GMP Peachtree LLC | 63 | Magnolia Industrial Supply Corp. | Building 1 | 150000 | 2020-10-01 | 2030-09-30 | 6.8 | $1,951,500 | $162,625.00 | $13.01 | Fixed Annual Increase | 2.5% per annum | 2024-10-01 | NNN | Two (2) x 5-year renewals at 95% FMV | None | None | None | None | Landlord consent required | None | $115,000 | Yes | Largest tenant at Peachtree Corners
13 | Peachtree Corners Logistics Center | GA | GMP Peachtree LLC | 64 | Ridgeline Wholesale Foods LLC | Building 2 | 85000 | 2021-01-01 | 2029-12-31 | 6 | $1,105,850 | $92,154.17 | $13.01 | Fixed Annual Increase | 2.5% per annum | 2025-01-01 | NNN | One (1) x 5-year renewal at FMV | None | None | None | None | Landlord consent required | None | $65,000 | No
13 | Peachtree Corners Logistics Center | GA | GMP Peachtree LLC | 65 | Ironclad Metal Fabricators Inc. | Building 3 | 52200 | 2021-06-01 | 2030-05-31 | 6.4 | $679,122 | $56,593.50 | $13.01 | Fixed Annual Increase | 2.5% per annum | 2024-06-01 | NNN | One (1) x 5-year renewal at FMV | None | None | None | None | Landlord consent required | None | $40,000 | No
13 | Peachtree Corners Logistics Center | GA | GMP Peachtree LLC | 66 | TerraFirm Landscape Products LLC | Building 4 | 30000 | 2022-01-01 | 2028-12-31 | 5 | $390,300 | $32,525.00 | $13.01 | CPI-Based Escalation | CPI capped at 3.5% | 2025-01-01 | NNN | None | None | None | None | None | Landlord consent required | None | $22,000 | No
13 | Peachtree Corners Logistics Center | GA | GMP Peachtree LLC | 67 | Cypress Creek Printing Co. | Building 5 | 14000 | 2022-06-01 | 2026-05-31 | 2.4 | $183,228 | $15,269.00 | $13.09 | Fixed Dollar Increase | $0.50 PSF per annum | 2024-06-01 | NNN | None | None | None | None | None | Landlord consent required | None | $10,000 | No
13 | Peachtree Corners Logistics Center | GA | GMP Peachtree LLC | Vacant | Building 6 | 13800 | $0 | $0 | $0 | N/A | Vacant space — 13,800 RSF
14 | Mount Juliet Commerce Park | TN | GMP Mount Juliet LLC | 68 | Volunteer State Logistics Inc. | Building A | 65000 | 2021-04-01 | 2031-03-31 | 7.2 | $910,000 | $75,833.33 | $14.00 | Fixed Annual Increase | 2.5% per annum | 2024-04-01 | NNN | Two (2) x 5-year renewals at 95% FMV | None | None | None | None | Landlord consent required | None | $50,000 | Yes | Largest tenant at Mount Juliet
14 | Mount Juliet Commerce Park | TN | GMP Mount Juliet LLC | 69 | Cumberland Valley Wholesalers LLC | Building B | 48000 | 2021-06-01 | 2029-05-31 | 5.4 | $672,000 | $56,000.00 | $14.00 | Fixed Annual Increase | 2.5% per annum | 2024-06-01 | NNN | One (1) x 5-year renewal at FMV | None | None | None | None | Landlord consent required | None | $36,000 | No
14 | Mount Juliet Commerce Park | TN | GMP Mount Juliet LLC | 70 | Stonebridge Auto Components Inc. | Building C | 35000 | 2021-09-01 | 2029-08-31 | 5.7 | $490,000 | $40,833.33 | $14.00 | Fixed Annual Increase | 2.5% per annum | 2024-09-01 | NNN | One (1) x 5-year renewal at FMV | None | None | None | None | Landlord consent required | None | $26,000 | No
14 | Mount Juliet Commerce Park | TN | GMP Mount Juliet LLC | 71 | Heritage Craft Brewing Supply Co. | Building D | 28000 | 2022-01-01 | 2028-12-31 | 5 | $392,000 | $32,666.67 | $14.00 | Fixed Annual Increase | 2.0% per annum | 2025-01-01 | NNN | One (1) x 3-year renewal at FMV | None | None | None | None | Landlord consent required | None | $21,000 | No
14 | Mount Juliet Commerce Park | TN | GMP Mount Juliet LLC | 72 | Dixie Road Equipment Rental LLC | Building E | 22000 | 2022-03-01 | 2028-02-29 | 4.2 | $308,000 | $25,666.67 | $14.00 | Fixed Dollar Increase | $0.35 PSF per annum | 2025-03-01 | NNN | None | None | None | None | None | Landlord consent required | None | $16,000 | No
14 | Mount Juliet Commerce Park | TN | GMP Mount Juliet LLC | 73 | Smoky Mountain Pet Supplies Inc. | Building F | 18000 | 2022-06-01 | 2027-05-31 | 3.4 | $252,000 | $21,000.00 | $14.00 | Fixed Dollar Increase | $0.35 PSF per annum | 2024-06-01 | NNN | None | None | None | None | None | Landlord consent required | None | $13,000 | No
14 | Mount Juliet Commerce Park | TN | GMP Mount Juliet LLC | 74 | Emerald City Floral Distributors LLC | Building G | 15000 | 2022-09-01 | 2026-08-31 | 2.7 | $210,000 | $17,500.00 | $14.00 | Fixed Dollar Increase | $0.35 PSF per annum | 2024-09-01 | NNN | None | None | None | None | None | Landlord consent required | None | $11,000 | No
14 | Mount Juliet Commerce Park | TN | GMP Mount Juliet LLC | 75 | Crossroads Moving & Storage Inc. | Building H | 12784 | 2023-01-01 | 2028-12-31 | 5 | $178,976 | $14,914.67 | $14.00 | CPI-Based Escalation | CPI capped at 3.5% | 2025-01-01 | NNN | None | None | None | None | None | Landlord consent required | None | $9,000 | No
14 | Mount Juliet Commerce Park | TN | GMP Mount Juliet LLC | 76 | Riverdale Custom Cabinetry LLC | Building I | 10000 | 2023-03-01 | 2027-02-28 | 3.2 | $140,000 | $11,666.67 | $14.00 | Fixed Dollar Increase | $0.50 PSF per annum | 2025-03-01 | NNN | None | None | None | None | None | Landlord consent required | None | $7,000 | No
14 | Mount Juliet Commerce Park | TN | GMP Mount Juliet LLC | 77 | Hickory Hill Candle Company LLC | Building J-1 | 8000 | 2023-04-01 | 2026-03-31 | 2.2 | $112,000 | $9,333.33 | $14.00 | Fixed Annual Increase | 2.0% per annum | 2024-04-01 | NNN | None | None | None | None | None | Landlord consent required | None | $6,000 | No
14 | Mount Juliet Commerce Park | TN | GMP Mount Juliet LLC | 78 | Old Hickory Farms Produce Co. | Building J-2 | 6000 | 2023-06-01 | 2025-05-31 | 1.4 | $16,024 | $1,335.33 | $2.67 | FMV Reset | FMV reset at renewal | NNN | None | None | None | None | None | Landlord consent required | None | $0 | No | Short-term lease; below-market rate
14 | Mount Juliet Commerce Park | TN | GMP Mount Juliet LLC | 79 | Lakewood Garden Center Inc. | Building K | 5000 | 2023-07-01 | 2026-06-30 | 2.5 | $70,000 | $5,833.33 | $14.00 | Fixed Annual Increase | 2.0% per annum | 2024-07-01 | NNN | None | None | None | None | None | Landlord consent required | None | $5,000 | No
14 | Mount Juliet Commerce Park | TN | GMP Mount Juliet LLC | 80 | Cedar Hill Veterinary Supply LLC | Building L-1 | 4000 | 2023-09-01 | 2026-08-31 | 2.7 | $56,000 | $4,666.67 | $14.00 | Fixed Annual Increase | 2.0% per annum | 2024-09-01 | NNN | None | None | None | None | None | Landlord consent required | None | $3,000 | No
14 | Mount Juliet Commerce Park | TN | GMP Mount Juliet LLC | 81 | Bluegrass Fitness Equipment LLC | Building L-2 | 3000 | 2023-10-01 | 2025-09-30 | 1.8 | $42,000 | $3,500.00 | $14.00 | Fixed Annual Increase | 2.0% per annum | 2024-10-01 | NNN | None | None | None | None | None | Landlord consent required | None | $2,000 | No
14 | Mount Juliet Commerce Park | TN | GMP Mount Juliet LLC | 82 | Stones River Coffee Roasters LLC | Building M | 18000 | 2021-11-01 | 2031-10-31 | 7.8 | $252,000 | $21,000.00 | $14.00 | CPI-Based Escalation | CPI capped at 3.5% | 2024-11-01 | NNN | One (1) x 5-year renewal at FMV | None | None | None | None | Landlord consent required | None | $13,000 | Yes
14 | Mount Juliet Commerce Park | TN | GMP Mount Juliet LLC | Vacant | Building N | 18216 | $0 | $0 | $0 | N/A | Vacant space — 18,216 RSF
5 | Alliance Commerce Center | TX | GMP Alliance LLC | 83 | Frontier Oilfield Services LLC | Building 3C | 37500 | 2020-10-01 | 2034-09-30 | 10.8 | $1,510,000 | $125,833.33 | $40.27 | FMV Reset | FMV reset every 5 years | 2025-10-01 | NNN | Two (2) x 5-year renewals at FMV | None | None | None | None | Landlord consent required | None | $50,000 | Yes | Office component within logistics park; FMV reset
5 | Alliance Commerce Center | TX | GMP Alliance LLC | 84 | Lone Star Steel Fabrication Inc. | Building 3D | 40000 | 2020-11-01 | 2033-10-31 | 9.8 | $540,000 | $45,000.00 | $13.50 | CPI-Based Escalation | CPI capped at 3.5% | 2024-11-01 | NNN | One (1) x 5-year renewal at FMV | None | None | None | None | Landlord consent required | None | $30,000 | Yes
2 | Fairfield Logistics Center II | GA | GMP Fairfield II LLC | 85 | Southeast Recycling Partners LLC | Suite 350 | 38768 | 2020-04-01 | 2033-03-31 | 9.2 | $554,182 | $46,181.83 | $14.30 | CPI-Based Escalation | CPI capped at 3.5% | 2024-04-01 | NNN | One (1) x 5-year renewal at FMV | None | None | None | None | Landlord consent required | None | $28,000 | No | FMV reset provision at Year 8
8 | Murfreesboro Distribution Center | TN | GMP Murfreesboro LLC | 86 | Nashville Fresh Market Distribution LLC | Building H | 30000 | 2021-08-01 | 2031-07-31 | 7.6 | $405,000 | $33,750.00 | $13.50 | CPI-Based Escalation | CPI capped at 3.5% | 2024-08-01 | NNN | One (1) x 5-year renewal at FMV | None | None | None | None | Landlord consent required | None | $23,000 | Yes
6 | Lakeland Crossings Industrial | FL | GMP Lakeland LLC | 87 | Florida Citrus Packing Co-op | Building F | 32768 | 2020-01-15 | 2032-01-14 | 8 | $442,368 | $36,864.00 | $13.50 | Fixed Dollar Increase | $0.25 PSF per annum | 2024-01-15 | NNN | One (1) x 5-year renewal at FMV | None | None | None | None | Landlord consent required | None | $25,000 | No | FMV reset at renewal; cooperative tenant
[sheet: Top 5 Tenants]
Rank | Tenant Name | Property Name | State | Target Entity (LLC) | Leased RSF | Annual Base Rent | % of Total Portfolio ABR | Lease Expiration | Remaining Term (years) | Renewal Options
1 | Cascade Supply Chain Solutions Inc. | Westlake Distribution Hub | TX | GMP Westlake LLC | 624000 | $8,736,000 | 11.7% | 2031-08-31 | 7.7 | Three (3) x 5-year renewals at FMV
2 | Zynvaro Distribution Holdings LLC | Katy Freeway Logistics Park | TX | GMP Katy LLC | 538000 | $7,532,000 | 10.1% | 2031-02-28 | 7.2 | Two (2) x 5-year renewals at 95% FMV
3 | Thornton-Whitaker Pharmaceuticals Corp. | Fairfield Logistics Center I | GA | GMP Fairfield I LLC | 412000 | $6,180,000 | 8.3% | 2030-05-31 | 6.4 | Two (2) x 5-year renewals at 95% FMV
4 | Birchwood Technology Group Inc. | SouthPark Corporate Center | NC | GMP SouthPark LLC | 218000 | $5,668,000 | 7.6% | 2029-01-14 | 5 | Two (2) x 5-year renewals at FMV
5 | Atlas Freight Logistics Corp. | Southport Logistics Park | FL | GMP Southport LLC | 410000 | $5,330,000 | 7.1% | 2031-06-30 | 7.5 | Two (2) x 5-year renewals at FMV
Top 5 Aggregate | 2202000 | $33,446,000 | 44.7%
[sheet: Occupancy by Property Type]
Segment | Number of Properties | Total RSF | Leased RSF | Vacant RSF | Occupancy % | Number of Leases | Annual In-Place Base Rent | % of Portfolio RSF | % of Portfolio ABR
Logistics (10 properties) | 10 | 4373000 | 4200268 | 172732 | 96.1% | 46 | $53,882,000 | 83.7% | 72.0%
Office (4 properties) | 4 | 851000 | 668500 | 182500 | 78.6% | 41 | $20,918,000 | 16.3% | 28.0%
Portfolio Total | 14 | 5224000 | 4868768 | 355232 | 93.2% | 87 | $74,800,000 | 100.0% | 100.0%
BY STATE
Georgia (4 properties) | 4 | 1429000 | 1357990 | 71010 | 95.0% | 26 | $20,834,182 | 27.4% | 27.9%
Texas (3 properties) | 3 | 1647000 | 1624370 | 22630 | 98.6% | 7 | $22,518,000 | 31.5% | 30.1%
Florida (3 properties) | 3 | 934000 | 885680 | 48320 | 94.8% | 15 | $14,922,368 | 17.9% | 19.9%
Tennessee (3 properties) | 3 | 996000 | 902728 | 93272 | 90.6% | 31 | $10,857,450 | 19.1% | 14.5%
North Carolina (1 property) | 1 | 218000 | 218000 | 0 | 100.0% | 8 | $5,668,000 | 4.2% | 7.6%
State Total | 14 | 5224000 | 4868768 | 355232 | 93.2% | 87 | $74,800,000 | 100.0% | 100.0%
[sheet: Security Deposit Schedule]
Property # | Property Name | Target Entity (LLC) | Number of Deposits | Aggregate Security Deposits | Deposit Custodian Bank
1 | Fairfield Logistics Center I | GMP Fairfield I LLC | 1 | $925,000 | Magnolia Commerce Bank, N.A.
2 | Fairfield Logistics Center II | GMP Fairfield II LLC | 4 | $433,000 | Magnolia Commerce Bank, N.A.
3 | Westlake Distribution Hub | GMP Westlake LLC | 1 | $650,000 | Magnolia Commerce Bank, N.A.
4 | Katy Freeway Logistics Park | GMP Katy LLC | 1 | $565,000 | Magnolia Commerce Bank, N.A.
5 | Alliance Commerce Center | GMP Alliance LLC | 5 | $515,000 | Magnolia Commerce Bank, N.A.
6 | Lakeland Crossings Industrial | GMP Lakeland LLC | 5 | $335,000 | Magnolia Commerce Bank, N.A.
7 | Southport Logistics Park | GMP Southport LLC | 2 | $400,000 | Magnolia Commerce Bank, N.A.
8 | Murfreesboro Distribution Center | GMP Murfreesboro LLC | 7 | $433,000 | Magnolia Commerce Bank, N.A.
9 | Buckhead Place Office Tower | GMP Buckhead LLC | 14 | $360,000 | Magnolia Commerce Bank, N.A.
10 | SouthPark Corporate Center | GMP SouthPark LLC | 8 | $425,000 | Magnolia Commerce Bank, N.A.
11 | Cool Springs Office Park | GMP Cool Springs LLC | 9 | $215,000 | Magnolia Commerce Bank, N.A.
12 | Brickell Bay Office Building | GMP Brickell LLC | 9 | $310,000 | Magnolia Commerce Bank, N.A.
13 | Peachtree Corners Logistics Center | GMP Peachtree LLC | 5 | $252,000 | Magnolia Commerce Bank, N.A.
14 | Mount Juliet Commerce Park | GMP Mount Juliet LLC | 15 | $218,000 | Magnolia Commerce Bank, N.A.
PORTFOLIO TOTAL | 86 | $4,283,000 | Magnolia Commerce Bank, N.A., 225 Peachtree Street NE, Suite 100, Atlanta, GA 30303