Dornin Investment Group

Dornin Investment Group Acquires $50M NPL secured by Industrial/Flex Portfolio in Los Angeles. On December 23, 2024, real estate investment firm Dornin Investment Group (“DIG”) acquired an approximate $50M non-performing loan (“NPL”) off-market from a well-known national debt fund. The defaulted loan is secured by strategically located industrial/flex real estate buildings and land totaling 165,000 square feet occupied by strong credit tenants. The acquisition was capitalized with seller financing and programmatic joint venture equity. DIG has closed on approximately $700M in non-performing loan purchases across the United States. DIG also closed in June of 2024 on a $60M NPL Par UPB purchase secured by an industrial property in Southern California and over $150M in total debt investments in 2024. DIG sees momentum building going into the start of 2025. Chris Dornin, CEO at DIG remarks, “We had a strong year of debt investments exceeding $150M and are poised to kickoff 2025 with additional debt investments as we look to target over $250M of debt investments this year. DIG targets first trust deed position non-performing loans (NPLs) on well-collateralized real estate assets nationwide. Notes secured by collateral at values of 80% LTV or less can be purchased at or near Par UPB. Typical loan sizes range from $5M to $200M, secured by all major property types throughout the United States.

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LEASE Learn More: https://lnkd.in/gKuEQcf3 IMAGE: Chris Dornin & Kris Westmoreland DATE: 09/18/2024 ADDRESS: 128 South Tryon Street MARKET: Charlotte, NC ASSET TYPE: Office LANDLORD: Chris Dornin - Dornin Investment Group LANDLORD'S REP: Kris Westmoreland - CBRE TENANT'S REP: Jamie Smith - Cushman & Wakefield ASKING RENT: $32/ft ~ SF: 31,838 LEASE TYPE: Full Service Gross NOTE FROM LANDLORD: Landlord Dornin Investment Group completed a 31K SF lease with a global business services tenant on a 7+ year term at 128 S Tryon, in Charlotte, NC. Kris Westmoreland at CBRE represented Dornin Investment Group and Jaime Smith at Cushman Wakefield represented the tenant. #LosAngeles #RealEstate #tradedla #LA #LosAngelesRealEstate #California #LARealEstate #CaliRealEstate #TradedPartner #Charlotte #NorthCarolina #Office #KrisWestmoreland #CBRE #DorninInvestmentGroup #ChrisDornin #JaimeSmith #CushmanWakefield

SALE Learn More: https://lnkd.in/gVTRPPjb IMAGE: Chris Dornin, Preston Fetrow & Philip Voorhees DATE: 11/04/2024 ADDRESS: 1391 Pacific Coast Highway MARKET: Laguna Beach ASSET TYPE: Retail SELLER: Chris Dornin - Dornin Investment Group BROKERS: Preston Fetrow & Philip Voorhees - CBRE SALE PRICE: $6,149,000 SF: 5,200 ~ PPSF: $1,182 NOTE FROM SELLER: Dornin Investment Group (DIG) completed the sale of the 100% leased historically renovated Coast Market building in Laguna Beach. DIG acquired the property in 2013 and after a prolonged entitlement was able to restore the Mid-century modern building per the Secretary of Interior Standards as well as an Olympic Cottage from 1932 that had been relocated to the same parcel. #LosAngeles #RealEstate #tradedla #LA #LosAngelesRealEstate #California #LARealEstate #CaliRealEstate #TradedPartner #LagunaBeach #Retail #PrestonFetrow #PhilipVoorhees #CBRE #ChrisDornin #DorninInvestmentGroup

We are excited to welcome Pat Bierbusse to the Dornin Investment Group team! A Georgia native and University of Georgia graduate, Pat brings extensive experience in real estate investment and financial analysis, with a background at Ernst & Young and Cherng Family Trust. Pat will play a key role in driving value across DIG's portfolio. Welcome aboard, Pat!

We are excited to welcome Zakary Win to our team as our new Senior Accounting Manager. With 3 years of property accounting experience and a real estate focused MBA, Zak brings valuable accounting expertise along with a passion for real estate. In this role, Zak will be instrumental in supporting our team and partners by providing accurate financial insights and driving informed decision-making in our investment opportunities. We are confident that his addition will contribute greatly to the success of our team and the continued growth of our business. Dornin Investment Group #Newhire #NewEmployee #SeniorAccountingManager

LEASE Learn More: https://lnkd.in/gsYcctpw IMAGE: Philip R Smith & Chris Dornin DATE: 10/15/2024 ADDRESS: 7272 Lampson Avenue MARKET: Garden Grove ASSET TYPE: Industrial LANDLORD: Chris Dornin LANDLORD'S REP: Philip R. Smith - Dornin Investment Group ASKING RENT: $1.50/ft ~ SF: 22,074 LEASE TYPE: NNN Lease NOTE FROM LANDLORD: Dornin Investment Group signed a 22k sf lease with Lee Bros. FoodServices, Inc. a food distribution tenant for 7 years bringing the building to 100% occupancy. #LosAngeles #RealEstate #tradedla #LA #LosAngelesRealEstate #California #LARealEstate #CaliRealEstate #TradedPartner #GardenGrove #Industrial #PhilipRSmith #DorninRealtyAdvisors #ChrisDornin

DIG Arranges 22,074 SF Industrial Lease at 7272 Lampson Ave, in Garden Grove. Garden Grove, CA – October 15, 2024 – Dornin Investment Group (DIG) is pleased to announce the successful lease of approximately 22,074 square feet of industrial space at 7272 Lampson Avenue, a fully leased property in Garden Grove, California. DIG has taken a comprehensive approach to meet the needs of its tenants by providing the space on a turnkey basis. Enhancements to the property include a new parking lot overlay, fresh paint, new flooring, and customized modifications. “We are thrilled to announce this lease, which underscores the ongoing demand for quality industrial spaces in the Garden Grove area,” said Philip R Smith, Director of Acquisitions, of Dornin Investment Group. “Our proactive approach and commitment to meeting tenant needs have been key in securing this lease, and we’re proud to provide a space that is move-in ready.” Dornin Realty Advisors had the pleasure of working with Lee and Associate’s Bradley Schneider who was very diligent and went above and beyond in guiding his clients through this Lease Transaction. “It was a pleasure working with Philip Smith and the Dornin Investment Group team on this lease transaction. Their team was responsive, collaborative, and dependable throughout the entire process. I look forward to working with them again in the future”, said Brad Schneider. The location at 7272 Lampson Avenue offers excellent accessibility to major transportation routes, making it a strategic choice for businesses seeking to enhance their warehousing and distribution capabilities. The property is also in close proximity to various local amenities, adding to its attractiveness for potential tenants. “DIG’s ability to attract tenants to this fully leased property demonstrates the strength of the industrial market in our region,” Chris Dornin added. “We look forward to continuing our success in this vibrant market and remain committed to delivering exceptional value to our tenants.” This lease is part of a broader trend in the industrial sector, reflecting a strong rebound and increased activity as companies seek flexible, well-located spaces to accommodate their growth. As businesses continue to navigate the evolving landscape, properties like 7272 Lampson Avenue provide the ideal foundation for operational success. #CRE #Leasing #GardenGrove #industiral #California #DIG #DRA

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