Sagard Real Estate, formerly known as EverWest Real Estate Investors, has successfully sold Tustin Financial Plaza for $27.5 million to a local private investor. This transaction is part of Sagard’s ongoing strategy to decrease its office investments and focus on industrial and multifamily properties.
According to John Maurer, head of equity at Sagard, “We are committed to reducing our exposure in the office sector.” He also stated that this sale is a significant step in their portfolio repositioning plan and demonstrates their dedication towards investing in industrial and multifamily sectors which have strong potential for long-term growth.
The sale was facilitated by CBRE Investment Properties’ Anthony DeLorenzo , Sammy Cemo , Bryan Johnson , along with Greg Sullivan . DeLorenzo commented on the property saying, “This property presents various investment opportunities for the new owner.” He also mentioned that there was high demand for this rare opportunity of owning an 8.56-acre office campus which resulted in receiving 22 offers during the process.
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