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History of Operations
Baceline's performance record is built upon the experience of our team. Our partners, which have more than 75 years of collective experience, have participated in the completion of several hundred real estate transactions over the past 25 years.
The projects below were all executed by members of the Baceline team, in growing cities across the Rocky Mountain, Southwestern and Midwestern regions in the United States.
Baceline Investments and it affiliates currently hold more than $95 million in properties, in two real estate investment funds and additional investment syndications.
No Debt Real Estate Investment Fund I
TopThe No Debt Real Estate Investment Fund I commenced operations in September 2003 and closed to new investment in October 2004. Since inception, Fund I has never missed a quarterly cash distribution to its investors.
Two properties have been sold from the Fund, the South Federal Business Center in May 2006 and the Parkway Shopping Center in June 2007, both meeting return expectations to investors.
No Debt Fund I Properties Sold
| Property | Total SF | Type | Market | Purchased | Sold |
| Federal | 33,443 | Industrial | Denver | October-04 | May-06 |
| Parkway | 63,729 | Retail | Dallas | April-04 | June-07 |
No Debt Real Estate Investment Fund II
TopThe No Debt Real Estate Investment Fund II began operations in May 2005 and closed to new investment in January 2007. Since inception, Fund II has never missed a quarterly cash distribution to its investors.
Additional Investments
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In 1997, the Sponsor's predecessor and affiliate, Highline, began its focus on cultivating real estate investment opportunities. Previously, Highline conducted third party property management services. With the addition of Mr. Zoellner and our Local Partners, Highline and Baceline have engaged in several single asset real estate investments. The ownership plan for these properties is to focus on a total return upon the sale of the properties using leverage and not to produce current income.
The following chart reflects the track record of the Sponsor's predecessor and affiliated Highline Entities, as well as the Sponsor in the sale of investment real estate. These properties were industrial or retail properties and the investment plan included increasing value through adding income to each of the properties. Income was added in each case by increasing the amount of tenants and their lease rates. The investment plan, in some cases also involved the renovation of the property. It does not include the track record of the Sponsors local partners. Since inception, Mr. Puchi and Mr. Arnold have been the sole owners of the Highline Entities. The Highline Entities are no longer actively involved in real estate investments, as Baceline, with the addition of Mr. Zoellner has succeeded the Highline Entities in this endeavor.
Performance History
| Property | Total SF | Type | Market | Purchased | Sold | |
| Iliff Commons | 72,991 | Retail | Denver | April-99 | March-01 | |
| Market Square | 76,690 | Retail | Colorado Springs, CO | October-02 | October-04 | |
| Aurora Highlands | 130,701 | Retail | Denver, CO | September-02 | April-05 | |
| 165 E. Commerce Street | 33,500 | Industrial | Schamburg, IL | April-05 | August-06 | |
| Fairfield Commons | 133,322 | Retail | Denver, CO | June-04 | February-07 | |
| 2 Marriott Drive | 41,500 | Industrial | Lincolnshire, IL | November-05 | June-07 | |
Past performance is not indicative of future results. For further information on the experience and track record of Baceline's Principals, please contact us.