Outpost Properties, LLC is seeking equity commitments to fund the development of a campus community of luxury office units specifically designed for the modern-day office worker. Target customers are those who no longer wish to spend hours commuting, but are also looking to break the monotony and isolation felt while working from a residence. Existing office space in deep suburban markets is not only old and of inferior quality, but is also inefficiently sized (and therefore priced) for the modern day individual remote office worker. In addition, and through a flexible unit design that allows for the co-location of units, local small businesses and/or large corporations with employee density in the immediate will find Outpost campuses attractive.
Outpost tenants will enjoy total privacy when desired, with the option to socialize or network with other community members through a highly-amenitized, master-planned campus (designed by VHB). Amenities will include a common conference facility and a 5,000 square foot greenspace with a fire place pavilion and inspiring ocean views.
Outpost - Scituate Hill units (designed by Strekalovsky Architecture and MK Architecture) will have private, individual bathrooms, inspiring daylighting, tech-enablement, acoustic privacy, and best-in-class, secure, fiber-optic internet connectivity, differentiating Outpost - Scituate Hill from all other hybrid/remote work office options. Unlike traditional coworking facilities, there is no forced contact at Outpost - Scituate Hill, making the campus completely pandemic resistant.
Outpost allows investors to participate in the remote work revolution through fee simple real estate ownership, rather than via leasehold interest where short term revenue is not often aligned with long term lease obligations. The sites that Outpost will select are in deep suburban markets, in stable communities, with high property values and high household incomes. Communities with high commuting barriers will be favored, as will towns with strong lifestyle draws. Potential Outpost development sites can be non traditional from a sizing and layout standpoint, as Outpost's site plans are flexible and non traditional.
Outpost's construction approach is simplified, reducing risk through a more timely implementation.
Outpost Properties is owned and managed by experienced professionals as follows:
Mark Tryder - Mark has over 19 years of commercial real estate investment experience in various disciplines and roles within two fund manager start-ups that each grew to several hundred million dollars of AUM. Mark was most recently the Managing Director of Northeast Operations & Acquisitions at a New England based Fund Manager after being the firm’s first employee hire. Mark has an MS in Finance from Boston College, a BS in Accountancy from Providence College, and is a CPA (inactive). Mark lives in Hingham, MA with his wife and three children
Tom May - Tom has over thirteen years of experience in the investment management industry analyzing and deploying both equity and credit capital in numerous sectors. Tom was most recently a Senior Investment Analyst at Phoenix Investment Advisor. Previously, Tom was a Principal at Vollero Beach Capital Partners and a Research Analyst at SAC Capital Advisors. Tom started his career in the investment banking division of Goldman Sachs. Tom has an MBA from Harvard Business School and a BA in Business Economics from Brown University.
In addition, Outpost is receiving development guidance from Cornerstone Corporation. Cornerstone Corporations is a development, investment, and property management firm founded in 1989 by Paul E. Tryder, Jr. Outpost is currently occupying office space at Cornerstone’s HQ in Westwood, MA. Cornerstone has developed, acquired and managed hundreds of millions of dollars of commercial and residential projects in New England including Gateway Center, a 194,000 class A office building located in Boston’s Charlestown Navy Yard (delivered 100% leased upon completion), and Stevens Farm, a preeminent 40 lot residential subdivision located in Westwood,MA where homes today are valued in excess of $500/sqft and trade at prices in excess of $5M. Cornerstone will provide valuable development guidance and reputational advantages to Outpost Properties.
It should be noted, that the sponsors noted above will be investing in excess of 30% of the equity in the opportunity.
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