4th Quarter 2020 Reporting

Posted by Jamestown Invest on January 15, 2021
Jamestown Invest

Each quarter, investors receive Jamestown Invest 1, LLC’s reporting. This week, our investors received the quarterly report for the period ending December 31, 2020. We thought you might also be interested in reviewing progress on the repositioning of Southern Dairies at Ponce City Market. The report also includes a letter from Jamestown CEO, Matt Bronfman, details our updated net asset value and other important blog posts from the year.

 

Report Highlights

Asset Updates - Southern Dairies at Ponce City MarketSequence 01_1
The asset’s repositioning was completed on budget for a total of $700k in December 2020. The before and after photos are provided within the report and demonstrate the in-house capabilities of Jamestown’s creative, architectural, and construction teams who designed, curated, and executed these upgrades. This quarter's report breaks down each completed initiative and its impact.

Reporting and Collections
We are pleased to report rent collections of 100% for the fourth quarter of 2020. Our asset management teams has worked closely with tenants impacted by the COVID-19 pandemic to understand their needs and are assisting all tenants in ongoing re-opening procedures. As of December, eight of ten tenants currently have employees working in their space at the property.

Net Asset Value (NAV) per Share Update
Incorporating all applicable components of our NAV resulted in a $0.06, or 0.6% increase per share compared to the prior quarter. Our purchase price will be adjusted to reflect our NAV of $10.00 per share beginning on January 14, 2021.

Create an account to access the full report and learn how you can invest alongside Jamestown in commercial real estate.


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Jamestown Invest

Posted by Jamestown Invest

Jamestown Invest is a digital platform that connects investors with rigorously-vetted, institutional-quality real estate. Invest alongside a well-capitalized, stable, and reliable manager with $12.1 billion of assets under management worldwide on behalf of more than 80,000 investors across 31 realized funds (as of December 31, 2020).