298 University

This property was acquired in 2010. The investment consisted of a 0.5 acre commercial site situated at 298 North University Drive in Pembroke Pines, Florida. The site is ground leased to Taco Bell of America, Inc. signed in 1989. The property is currently improved with a Taco Bell/Pizza Hut quick service restaurant that was constructed in 2004 in conjunction with a tenant relocation agreement by the then landlord and owner of the shopping center site and the lessee.