Memphis office park

OFFICE | MEMPHIS, TN

Acquisition of an office park located 30 minutes from Memphis city center in the quaint suburb of Germantown-Collierville, surrounded by thriving businesses and residential communities

Investment highlights

  • The office park consists of seven 3-story buildings situated on 30 acres of land in a popular area of Memphis, surrounded by a variety of commercial and residential development.
  • The property is adjacent to FedEx’s world headquarters, a Tournament Players Club golf course and near many business amenities such as restaurants and hotels.
  • The Germantown-Collierville corridor has one of the highest income demographics in the Memphis metropolitan area and offers a quaint downtown full of shops, restaurants and outdoor attractions.

Location

Investment details1

Total loan size
$34,310,000
Purpose
Acquisition
LTV
73%
Date of loan
09/14/17
Year built
1990–2001
Square feet
492,559
Portfolio weight
4.8%

  • As of June 30, 2020. Portfolio weight is based on the amortized cost of the funded portion of the loan.

  • FS Credit REIT is an illiquid product and it’s failure to qualify or remain qualified to be taxed as a REIT would adversely affect the NAV of its shares and the amount of cash available for distribution to stockholders.

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