SMARTCAP operates in one of the top real estate markets in the world. We’ve completed over $235 million in total transactions. We minimize investment risk by acquiring assets at value-add pricing. We maintain low debt to equity ratios, high operating buffers and ensure that our property assets are strategically located for long-term growth and appreciation. Our track record for our entire portfolio is over 23% IRR paid to investors, net of fees and expenses.
We believe in creating value for our investors. We’ve developed proprietary software tools for our investors. Using our software expertise, we have developed proprietary tools that help us analyze assets with a focus on finding the value in each investment. With our tools and processes, we build sophisticated and accurate financial models for each asset; this data-driven approach allows us to find and build value faster than our competitors. Our investors also like the ease of our online portal. Tracking investment performance, viewing distributions, and reviewing quarterly updates, including financial statements, is easy. And at tax time, the portal provides access to all tax documents in one place.
SMARTCAP Value Fund II is now closed to new investment. The fund is the owner of two office buildings in the Seattle area, and is on the hunt to add a third and final building to the fund. If additional capital is necessary for the purchase of the third building the fund may be reopened to existing investors first, and then to investors on our mailing list. To review the information about Fund II please login. SMARTCAP Value Fund III, our next value-add office and industrial fund, will be available in Q2, 2020.
The SMARTCAP Opportunity Zone II is raising up to $10,000,000 to develop an estimated 250,000 SF of Class A industrial product in a two-phased development strategy in the Arlington, WA opportunity zone. This is SMARTCAP’s 3rd ground-up industrial complex in Arlington, WA. SMARTCAP’s first 98,000 SF flex-use, industrial building was 100% pre-leased before completion and delivered in May 2019. SMARTCAP’s 2nd industrial complex is under construction now for a May, 2020 delivery. This third project is targeted to be completed and ready for lease in 2021.
Driving superior returns and building long-term relationships with investors by providing consistent, transparent and high-quality commercial real estate investments.