In 2016 KBHB Funding purchased Grandview Plaza, a 290,000 sf shopping center in Florissant, MO. The shopping center was in close proximity to other investments allowing for ease of property and asset management. At time of acquisition, the shopping center had approximately 40% vacancy with a number of key leases nearing their expiration. Upon taking over the asset, KBHB was able to renegotiate with existing tenants on renewed leases, and offer aggressive leasing terms for new tenants. We also secured favorable long term debt, leading to a leveraged return of over 30% annually to our investors.