Investment Thesis

SARA targets Class B & C properties in secondary Midwest and inland markets with favorable supply-demand imbalances.


Our industrial focus targets small to mid-sized value-add assets, specifically multi-tenant assets with vacancy or below-market rents that offer a compelling "mark-to-market" opportunity.


Our value-add multifamily focus targets vintage midrise buildings with below-market rents, delivering asymmetric upside from light improvements. We also excel in midrise mixed-use multifamily development, and have successfully developed over 450 units in downtown Madison.

Case Studies

We have a track record of transforming spaces for tenants and providing above market returns. Below are recent projects highlighting our real estate expertise, performing our work with the utmost integrity and passion. 

Gateway Court - Germantown, WI

Asset Type

Original Equity

Investor IRR

Realized Multiple

Single-Tenant Industrial

$11,625,000

20%

1.49x

ACQUIRED – 9/21/2021

ACQUIRED – 9/21/2021

ACQUIRED – 9/21/2021

$54,261,000

$54,261,000

$54,261,000

SOLD – 5/09/25

SOLD – 5/09/25

SOLD – 5/09/25

$62,700,000

$62,700,000

$62,700,000

2235 Eagle Drive - Middleton, WI

Asset Type

Asset Type

Original Equity

Investor IRR

Realized Multiple

Multi-Tenant Industrial

Multi-Tenant
Industrial

$15,200,000

35%

1.43x

ACQUIRED – 5/6/22

ACQUIRED – 5/6/22

ACQUIRED – 5/6/22

$30,140,000

$30,140,000

$30,140,000

SOLD – 7/13/23

SOLD – 7/13/23

SOLD – 7/13/23

$43,500,000

$43,500,000

$43,500,000

W206N12880 Gateway Court - Germantown, WI

Asset Type

Total Equity

Investor IRR

Realized Multiple

Single-Tenant Industrial

$11,275,000

20%

1.49x

ACQUIRED – 9/21/21

$54,260,000

SOLD – 5/09/25

$62,700,000

749 Little Potato Way - Deforest, WI


Asset Type

Total Equity

Investor IRR

Realized Multiple

Multi-Tenant Industrial

$4,550,000

13%

1.37x

ACQUIRED – 10/17/22

$18,015,000

SOLD – 5/13/2025

$19,500,000

7000 W. Calumet Rd - Milwaukee, WI

Asset Type

Total Equity

Investor IRR

Realized Multiple

Single-Tenant Industrial

$4,100,000

12%

1.47x

ACQUIRED – 6/12/20

$11,430,000

SOLD – 7/16/24

$11,850,000

2235 Eagle Drive - Middleton, WI

Asset Type

Total Equity

Investor IRR

Realized Multiple

Multi-Tenant Industrial

$15,200,000

35%

1.43x

ACQUIRED – 5/6/22

$30,140,000

SOLD – 7/13/23

$43,500,000

8000 Phoenix Parkway - O'Fallon, MO

Asset Type

Original Equity

Total Equity

Investor IRR

Realized Multiple

Single-Tenant Industrial

$2,900,000

18%

2.62x

ACQUIRED – 7/1/15

ACQUIRED – 7/1/15

ACQUIRED – 7/1/15

$8,000,000

$8,000,000

$8,000,000

SOLD – 5/17/22

SOLD – 5/17/22

SOLD – 5/17/22

$12,650,000

$12,650,000

$12,650,000

1501 Paramount Drive - Waukesha, WI

7000 W. Calumet Rd - Milwaukee, WI

Asset Type

Asset Type

Original Equity

Total Equity

Investor IRR

Realized Multiple

Multi-Tenant Flex

Multi-Tenant
Flex

$950,000

32%

1.57x

ACQUIRED – 7/8/20

ACQUIRED – 7/8/20

ACQUIRED – 7/8/20

$2,350,000

$2,350,000

$2,350,000

SOLD – 3/17/22

SOLD – 3/17/22

SOLD – 3/17/22

$3,423,000

$3,423,000

$3,423,000

11650 Lakeside Crossing Court - Maryland Heights, MO

11650 Lakeside Crossing Ct - Maryland Heights, MO

Asset Type

Original Equity

Total Equity

Investor IRR

Realized Multiple

Single-Tenant Industrial

$3,300,000

18%

1.50x

ACQUIRED – 2/14/19

ACQUIRED – 2/14/19

ACQUIRED – 2/14/19

$8,700,000

$8,700,000

$8,700,000

SOLD – 10/5/21

SOLD – 10/5/21

SOLD – 10/5/21

$11,100,000

$11,100,000

$11,100,000

404 Pilot Court - Waukesha, WI


7000 W. Calumet Rd - Milwaukee, WI

404 Pilot Court -

Waukesha, WI


Asset Type

Asset Type

Original Equity

Total Equity

Investor IRR

Realized Multiple

Singe-Tenant Industrial

Singe-Tenant
Industrial

$1,400,000

18%

1.31x

ACQUIRED – 1/10/20

ACQUIRED – 1/10/20

ACQUIRED – 1/10/20

$3,290,000

$3,290,000

$3,290,000

SOLD – 8/23/21

SOLD – 8/23/21

SOLD – 8/23/21

$3,950,000

$3,950,000

$3,950,000