A Different Tactic for the Value-Driven Investor

Hayes: “This strategy represents a trend that investors are seeking some safety in this environment, but not too much.”

IRVINE, CA—Pendulum Property Partners’ recent acquisition of 5 Peters Canyon is more of a financial value add—almost a “mid-term” strategy—with solid cash flow through the middle of the hold period in an incredible location, the firm’s managing partner Kevin Hayes tells GlobeSt.com. The acquisition of the 156,305-square-foot office building for $41.7 million from K.C. Scheipe and Adam Edwards, managing directors at Eastdil Secured here, represents the first acquisition for Pendulum, a fully integrated real estate firm that opened seven months ago.

The three-story, class-A property is located directly between the Market Place and the District, two of Orange County’s notable lifestyle retail centers. It is also at the desirable intersection of Jamboree Rd. and the 261 Toll Road junction, providing convenient transportation access and high visibility.