Oversubscribed
La Plata Shopping Center
Washington, DC
JCR's Founder & Managing Partner invests directly in every deal alongside investors.
Investment Details
All-in Cost: $14.1 million
Total Equity: $5.325 million
Projected Yield: 16.27% (2025 stabilized, I/O loan)
Target IRR: 33.46%
Exit Cap: 7.25%
Summary
JCR purchased La Plata Shopping Center from a distressed REIT in Q2 of 2023 at an 8.75% cap rate. JCR knew the strength of the tenancy from tracking the deal for years and owning a property just to the north for over 10 years. All tenants renewed positioning the center for an exit at a low cap rate in 2025.