Past projects and

case studies

la fitness
Elevation Real Estate Group La Fitness Tinley Park, Ill

single-tenant build-to-suit

Tinley Park, Illinois
(45,000 SF)

Tinley Park was a 45,000 square foot single-tenant LA Fitness build-to-suit development

Due to a unique real estate tax situation, the property was acquired by the tenant for a discount, which impacted overall returns for this project

Square Footage

Equity
Debt

Total Capitalization

Total Distributions

Profit (loss)

Cash Return
Equity Multiple

45,000

$2,963,288
$11,600,000

$14,563,288

$4,070,000

$1,106,712

37.3%
1.37x

richardson
village
Elevation Real Estate Group La Fitness Tinley Park, Ill

redevelopment

Richardson, Texas
(93,000 SF)

Richardson is a 93,000 square foot LA Fitness anchored redevelopment project, sold in 2017

It included the splitting-off of a bank outparcel and the creation of a new outparcel

Square Footage

Equity
Debt

Total Capitalization

Total Distributions

Profit (loss)

Cash Return
Equity Multiple

93,000

$5,789,515
$6,500,000

$12,289,515

$6,941,000

$1,151,485

37.319.9%
1.20x

rowlett
crossing
Elevation Real Estate Group La Fitness Tinley Park, Ill

ground-up development

Rowlett, Texas
(56,000 SF)

Rowlett is a 56,000 square foot LA Fitness anchored ground-up development

Sold in 2017

Square Footage

Equity
Debt

Total Capitalization

Total Distributions

Profit (loss)

Cash Return
Equity Multiple

56,000

$3,370,000
$9,500,000

$12,870,000

$6,087,050

$2,717,050

80.6%
1.81x