Cambridge Management Case Studies

The well-paced growth and remarkable performance of Cambridge Investors can be directly attributed to its talented, creative and diversely experienced team of real estate investment professionals. The exceptional aptitude they apply to uncover opportunities where value can appreciate makes Cambridge a preferred investment partner.

Summit Medical Center Summit Medical Center

Cambridge Investors acquired this Class “A” medical office campus in Tampa, FL in 2004. The property is comprised of three buildings totaling 54,000 sq. ft. Cambridge aggressively managed and leased the project which increased the NOI and also took advantage of a growing market which created a significant increase in value.

The property was sold to a California-based medical office investment company in 2007. The sale generated an IRR in excess of 24%.

Morningside Shopping Center Morningside Shopping Center
Cambridge Investors acquired this 75,155 square foot grocery anchored shopping center in 2006.  Located in a suburb of Tampa, FL the property has significant upside in releasing a CVS space that was going dark and at below market rates.  The former CVS space was released to Dollar Tree.  CVS’s buyout of their lease paid for the Dollar Tree improvements.  Morningside is currently in the Cambridge portfolio.
The Landings Retail Center The Landings Retail Center
In 2005, Cambridge Investors joined forces with Kimco, and Schostak Brothers to acquire this 148,591 open-air center in Sarasota, FL.  An aggressive leasing campaign has resulted in an excellent tenant mix with the center achieving rental rates 20% higher than at acquisition.  At acquisition Albertson’s was the grocer.  The leading grocer in Florida, Publix, recently purchased Albertsons and has opened a new store in the center.
The Landings is currently in the Cambridge portfolio providing strong consistent cash flow to their investors.
Meadowbrook Medical Center Meadowbrook Medical Center
This 31,000 medical office property was acquired in 2003. The property is located in a charming downtown area near a major hospital in Rochester, Michigan. Cambridge renovated the building to take advantage of increased lease rates in the marketplace. Through this process, the NOI was significantly increased and the building was sold in 2005. The sale generated an IRR of 19%.