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511, Samseong-ro, Gangnam-gu, Seoul 06158, Republic of Korea

+82-2-787-0105

Portfolio

Small-Cap

Small-Cap

Exploring new market segments to enhance yield, including mid-sized hotels (Aneuk Hotel) and parking towers (La Porte Seohyeon)

Asset Overview

Number of Assets
2
Location & Use

Mid-sized hotel (Aneuk Hotel – Seoul), Parking tower (La Porte Blanc Seohyeon – Gyeonggi)

Tenants
Hotel – The Rest, Parking Tower – La Porte
Appraised Value at Acquisition
Hotel – KRW 12.1 billion, Parking Tower – KRW 11.2 billion
Estimated Property Value
Hotel – KRW 12.9 billion, Parking Tower – KRW 11.2 billion


*(As of 25.04)

*Previous appraisal values are based on market appraisal values of the gas station (May 2020, Joongang Appraisal) and the logistics center (March 2022, Nara & Kyungil Appraisal).

*The application of the reappraised book value (March 2025, Kyungil Appraisal) at the time of settlement, using the fair value model for investment properties, is currently under review and not yet finalized.

Lease Overview

Subject Properties

2 assets (Aneuk Hotel Hongdae, La Porte Blanc Seohyeon Parking Tower)

Lease Terms
Aneuk Hotel – 5 years, La Porte Blanc Seohyeon Parking Tower – 10 years
Security Deposit

Aneuk Hotel – 10 months of monthly rent, La Porte Blanc Seohyeon Parking Tower – 12 months of monthly rent

Rent Escalation
Base Rent
Aneuk Hotel
1.5% annual increase (minimum guaranteed rent)
Base Rent
La Porte Blanc Seohyeon Parking Tower

50% increase between the 2nd and 3rd year renewal period, followed by a 5% annual increase starting after the 3rd year renewal (minimum guaranteed rent)