Southwell Place

Southwell Place was acquired in Q2 2020 through an off-market transaction at a compelling basis, where Forager identified an underutilized industrial site in a land-constrained submarket lacking office-condo supply. The project was repositioned into a 29-unit Class A flex commercial-industrial condominium. All units were successfully sold, ultimately achieving pricing approximately 1.2× above the underwritten exit value. Southwell Place marked Forager’s first strata-condo exit and validated our differentiated investment thesis and execution-driven approach.