Quarterly Performance Report: Q4 2017

Quarterly Performance Report: Q4 2017

Posted on: February 16, 2018

Quarter 4 ReportMSR Holdings Inc. Q4 Performance

As the fourth quarter of 2017 drew to a close, we continued our diligent approach in growing our commercial acquisitions in the US and our work on driving development projects in Canada. MSR finished the year strong, with our total portfolio hold at over $30 million with rental revenues exceeding $2.5 million.

“We have ended another successful year and we continue to build our portfolio with an asset class comprised of office, retail, and medical, with a 70% bias towards medical to reduce risk and increase stability of returns over the coming years. Our forward outlook is very positive with the economy recovering at a pace that will allow us to continue to capitalize on compressing cap rates.”

– Narinder Seehra, CEO

As we enter the first quarter of 2018, we are filling the remaining investor availability on these excellent commercial real estate investment opportunities in Florida:


New Port Richey

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An Overview of Florida’s Commercial Real Estate Market for Q4 2017

Orlando’s commercial real estate market continued to grow in the fourth quarter of 2017. The market absorbed over 99,000 sq. ft., driven by leasing activity in the South Orlando and Lake Mary/Heathrow submarket.

At the end of Q4, three buildings totaling 312,000 sq. ft. were under construction in the Orlando metropolitan area. With expected delivery dates in Q2 2018, these new builds will provide exciting new opportunities for investment.

During Q4, 132 new leases representing over 437,000 sq. ft. were signed, and this momentum is expected to continue into 2018. Sales activity in Orlando remained steady throughout 2017 with robust activity from both institutional and private buyers.

Employment in Orlando continues to rise with non-seasonally adjusted year-over-year job growth of 3.1% (38,800 jobs) reported in November 2017, one of the largest gains of the 24 Florida metros. Florida’s non-seasonally adjusted annual job growth rate was 2.4%, representing an increase of 205,900 jobs from November 2016.

Q4 Orlando Vacancy Rates

  • Office vacancy rates are 10.0%; a decline of 100 basis points from Q4 of 2016.

Q4 Orlando Average Asking Rental Rates

  • Office rental rates increased to $20.80 per sq. ft.; up $0.38 from Q4 2016.

With declining availability and rising lease rates, the market is poised for strong office growth in 2018. The demand for newer, advanced buildings and larger Class A office space has resulted in a number of construction projects on the horizon for Orlando.

The growing economy is bolstered by Orlando’s thriving tourism industry, projects to upgrade Central Florida’s transportation infrastructure, a strong housing market, abundant job opportunities, expanding theme parks, and a fast growing population, proving that Orlando is a top choice for investors and businesses alike.

MSR Holdings Inc. acquires exclusive commercial real estate investment opportunities in the US and Canada, providing sophisticated investors with profitable portfolio diversification opportunities. Contact us today to discuss becoming one of our select investors.

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