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Karlin Acquires Properties, Provides $23M Financing

LOS ANGELES-The real estate investment firm completes transactions in a variety of sectors and regions.

By Carrie Rossenfeld | Updated on April 16, 2012

LOS ANGELES-Real estate investment firm Karlin Real Estate has added to its equity and debt real estate platform with the acquisition and financing of office, retail and hotel properties in a variety of markets. The company has purchased properties in Las Vegas and Fort Wayne, IN, and has provided $23 million to finance deals in San Francisco, Dallas, and Denver.

In two separate transactions, Karlin acquired Park 3000, a 76,175-square-foot single-tenant office building in Fort Wayne, and Black Mountain Marketplace, a 44,373-square-foot neighborhood shopping center in Henderson, NV, approximately 15 miles southwest of Las Vegas. Park 3000 is 100% leased to Brown Mackie College, a division of Education Management Corp., which primarily offers shorter-term vocational healthcare, business and legal degrees; Karlin acquired the property in an off-market transaction. Black Mountain Marketplace, which was built in 2005, is currently 79% leased to a variety of regional and local tenants; Karlin acquired the asset in a lender-owned/REO sale from a special servicer.

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