Ann Arbor, MI - The Promanas Group recently acquired two manufacturing buildings as part of its Commercial Real Estate Private Equity Fund, PF2, LLC. These purchases bring the total of commercial real estate owned by the Promanas Group private equity funds to over 1,000,000 sq. ft.
The first acquisition is a 182,500 sq. ft. industrial building in Lake Orion, Michigan, leased to Odyssey Industries. The company is one of the world’s major aerospace engineering, tooling, and manufacturing companies with locations in the US, Europe, Canada, Australia, Italy, Japan, Brazil, and Israel.
The Promanas Group also acquired a 215,000 sq. ft. industrial building in Macomb, Michigan. The building is currently leased to Global Tooling Systems, a world leader in the design and manufacture of high-precision aerospace tooling and assembly lines. The Promanas Group funds its acquisitions with private investors who meet the accredited investor criteria as defined by the Securities and Exchange Commission (SEC).
“The goal of the Promanas Group is to generate passive income for its investors allowing them to accumulate wealth,” explained John Bogdasarian, Promanas Group President. “We’ve grown substantially in terms of number of investors primarily through referrals from current ones. We’ve proven that year after year we generate returns that outpace other investment vehicles while setting the highest standards in our business practices. Being very selective about our acquisitions is essential to the quality of our portfolio.”
The Promanas Group was formed in 2009 and is led by Bogdasarian and Vice President Brad McFarlane. The company invests in various types of commercial real estate including general office buildings, medical office buildings, restaurants, retail centers, multi-family housing, light industrial buildings, and student housing. To find out more, go to www.promanas.com.