Longview II Fund

Active investment opportunity

Sower Longview Fund II is focused on strategically located Open Air Retail Centers featuring a junior box or anchor tenant – an agile retail venue – because of lasting strategic investment advantages in the current landscape.

Secondary and Tertiary Market Opportunity

Secondary and tertiary markets have a greater supply of existing assets that fit the needs of junior box retailers.

These markets have current in-place rents with a significant (30-50%) discount to corresponding replacement rent requirements on newly developed assets.

• Low Supply/High Demand Markets

• Upward Pricing Pressure on Rents

• Discount to Replacement Cost

• New Entrant/Expansion Demands

• Value-Add Opportunities

MARKET JUSTIFICATION

SUPPLY CONTRAINTS

Low Vacancy % due to New Construction Constraints

RENT PRESSURE

Increasing Rents due to Supply Constraints

MARGIN OF SAFETY

Acquistion Price and In Place Rents below Replacement

Investment Highlights

Fund Terms and Performance

Target Initial AUM – $60M (June 30, 2024)
Target Initial Equity Commitment – $30M
General Partner Commitment – $10M
Annualized AMF – 1.5% of NAV
Limited Partner (Investor) High Water Mark Return – Variable 6-8% (Currently 8%)
General Partner Incentive – 20%
Liquidity Rights – 3 year lockup
Optional Distribution Reinvestment Program

GP Contribution

Sower Commercial sponsors and deploys
capital in investments as an active equity
partner with controlling governance rights
GP Commitment – $10,000,000

Talk to Sower Commercial about investing confidently in commercial real estate.