Acquired Properties

The owners of Sun Management have been principles in the purchase of the following properties:

• Groton, Connecticut 165 unit garden apartment complex

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• This property was upgraded, renamed and leased

• Pittsburgh, Pennsylvania, 687 acres plus 105,000 square foot building

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• Purchased at the LTV Steel bankruptcy auction. The building was sold to a user and the land sold to a developer.

• Orlando, Florida 246 unit garden apartment community

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• This property was renovated and leased.

• Paducah, Kentucky 96,000 square foot retail building

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• This leasehold position is leased to Kmart.

• Concord, New Hampshire 30,000 square foot retail

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• This building was leased to and then sold to Goodwill Industries.

• Jacksonville, Florida 264 unit garden apartment community

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• Physical improvements were completed, the property was renamed and leased.

• Port Saint Lucie, Florida 35,000 square feet industrial buildings

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• Purchased from a lender, the property was improved and leased, creating a positive cash flow.

• Tampa, Florida 2 Taco Bell properties

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• Property purchased with eight months remaining to lease termination. Taco Bell renewed and the properties were sold.

• Lakeland, Florida 2 Taco Bell properties

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• Property purchased with eight months remaining to lease termination. Taco Bell renewed and the properties were sold.            

• Port Richey, Florida

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• 7,866 square foot freestanding building leased to a furniture retailer.