How Avistone Adds Value Through Strategic Property Improvements

At Avistone, we believe that creating value in industrial real estate goes beyond acquiring well-located properties – it’s about unlocking potential through strategic improvements. Our hands-on approach to asset management transforms properties into more attractive, functional, and competitive spaces for tenants, while delivering stronger cash flow and appreciation for our investors.

Why Property Improvements Matter

In today’s industrial market, tenants demand more than just four walls and a roof. Companies want efficient layouts, modern infrastructure, and properties that project professionalism to customers and employees alike. Properties that are outdated or not in leasable condition struggle to compete – even in strong markets.

By investing in improvements that directly enhance tenant experience and marketability, Avistone turns underperforming or overlooked assets into thriving industrial parks.

Strategic Improvements That Drive Results

Make-Ready Suites

At acquisition, many vacant suites in our properties are not leasable in their current condition. Avistone accelerates leasing velocity by delivering move-in-ready spaces. This reduces downtime, attracts small and mid-sized businesses that value speed, and creates immediate revenue impact.

Reconfiguring Office-Heavy Space

Some industrial parks contain suites with an excessive office build-out that no longer fits tenant demand. We strategically reconfigure these spaces back to functional flex or shallow-bay layouts, aligning with what modern tenants are looking for.

Capital Projects for Longevity

We prioritize high-impact projects in our industrial portfolio that directly support tenant operations, improve marketability, and protect long-term value, such as:

• Roof repairs and replacements to maintain building integrity and reduce risk of costly water damage
• HVAC system upgrades to ensure reliable climate control for tenants with sensitive inventory or equipment
• Parking lot and truck court resurfacing to improve functionality for delivery vehicles and tenant operations
• Lighting and electrical upgrades that enhance safety, reduce energy costs, and align with modern tenant expectations

These projects extend asset durability, improve tenant satisfaction, and ensure our properties remain competitive in their submarkets.

Signage & Curb Appeal

First impressions matter. Avistone invests in signage programs, landscaping, and exterior façade and paint improvements that elevate the look and feel of each park. A refreshed appearance improves marketability, builds tenant pride, and strengthens long-term leasing momentum.

Case Study: Central Park, Dallas (Richardson Submarket)

When Avistone acquired Central Park, a 314,000-square-foot shallow-bay industrial park in the Richardson submarket of Dallas, many of the vacant spaces were not in leasable condition, and the property lacked the curb appeal to compete with newer developments nearby.

Avistone executed a multi-pronged improvement plan:

• Delivered multiple make-ready suites, allowing tenants to move in quickly and reducing downtime.
• Implemented a park-wide signage program that enhanced visibility for tenants and modernized the property’s image.
• Addressed deferred maintenance, including HVAC and roof replacements, to improve reliability and reduce tenant operating concerns.

These improvements paid immediate dividends: occupancy increased through a mix of new leases and expansions, and achieved rents surpassed underwritten levels – demonstrating Avistone’s ability to create real value through property-level execution.

The Investor Advantage

For our investors, these improvements translate into measurable results:

• Higher Occupancy: Make-ready spaces lease faster and attract a wider pool of tenants.
• Rent Growth: Modernized suites command higher rents relative to outdated competition.
• Reduced Risk: Proactive capital projects minimize costly surprises and enhance tenant retention.
• Enhanced Exit Value: By transforming properties into institutional-quality assets, Avistone positions them for strong demand from larger buyers upon sale.

A Proven, Repeatable Strategy

Across our national portfolio, Avistone has consistently demonstrated how targeted improvements create long-term value. Central Park is just one example of our proven, repeatable model – acquire, improve, and sell – executed with discipline to maximize investor returns while delivering high-quality industrial space for tenants.