Real estate investments involve risk. Economic and market forces and unforeseen costs may adversely affect the ability of an investor to recoup its initial investment. Consequently, only an investor that can afford to lose its entire investment should consider the investments offered by SKB. Funds invested with SKB should not be invested for such purposes as emergency savings, home purchase, education funding, dependent care, safety of principal, or any short-term purpose.
Other risks associated with an investment in real estate include limited transferability of membership interests, illiquidity, uncertainties relating to the financial analysis, risk of members' capital, risk of leverage, financing risks, income/operating risks, environmental risks, reliance on third party management companies, absence of regulatory oversight, construction risks, capital expenditures which are not offset by cash flow, constructions risks, lack of fund operating history, cash flow, potential conflicts of interest, overbuilding of properties in competitive locations, uninsured and under insured losses, tax liability not limited to distributions, changes in tax laws, uncertain ability to meet capital needs.
This is not an offer to sell or a solicitation to buy. The Private Placement Memorandum for each investment opportunity contains more complete information, including a full explanation of all the risks associated with investing. Please read it carefully before investing.
By continuing you agree to operate your Advisor Account according to our Terms of Service
THANK YOU FOR YOUR INTEREST IN SKB
Unfortunately, we are unable to work with you at this time. By definition an accredited investor is an individual who had "individual income" in excess of $200,000, or joint income with that individual's spouse in excess of $300,000, in each of the last two calendar years and reasonably expects to reach the same income level in the current calendar year.
If you fit this criteria please click here to register.
SKB is regulated by FINRA (Financial Industry Regulatory Authority) and is limited to working with accredited investors only. Should your accreditation status change, we welcome you to visit us again to set up an account.
High Street development in Phoenix could be up for sale
By Mike Sunnucks Phoenix Business Journal
The High Street development in Phoenix could soon be up for sale.
The suburban development was originally called CityNorth. It is next to Desert Ridge Marketplace in north Phoenix near Loop 101 and Tatum Boulevard.
CityNorth was foreclosed on in 2010.
Portland-based ScanlanKemperBard Cos. and Wayzata Investment Partners bought the development from the bank for $67 million in 2013. They rebranded the development as High Street
Now, they are looking at possibly selling the mixed-use development which includes apartments, restaurants and bars and some office space including Sprouts Farmers Market’s (Nasdaq: SFM) corporate headquarters.
High Street’s owners are looking to hire brokers from the CBRE commercial real estate firm to sell the 628,000-square-foot development.