Investor Capital Deployed in One of the Eastside’s Most Resilient Submarkets

AGM Capital is proud to announce the successful syndication and acquisition of Dick’s Restaurant Supply, a strategically located commercial asset in Bellevue’s highly coveted Spring District—a hub for innovation, tech, and long-term growth.

This property stands as a model example of AGM’s Core Real Estate Strategy, acquiring stable, long-term assets in future-forward locations that offer tenant security, strong fundamentals, and real value appreciation.

The Investment Play

• Acquisition Date: 2022

• Acquisition Price: $2,400,000

• Equity Raised: $2,500,000

• Investment Strategy: Core

• Structure: Real estate syndication

• Services Provided: Asset & Property Management

Upon acquisition, AGM negotiated and secured a 10-year lease extension with the existing long-term tenant, Dick’s Restaurant Supply—an institutional-quality tenant with a 17-year history at the location. The new lease secured future income and elevated the valuation by over $1 million.

Why It Matters

The Spring District is one of the Puget Sound region’s most future-ready submarkets, offering proximity to light rail, major tech campuses, and walkable amenities. Owning real estate here means positioning capital in one of the highest-growth urban corridors in Washington.

Dick’s Restaurant Supply exemplifies AGM’s ability to:

• Identify underappreciated core opportunities

• Strengthen tenant stability to increase asset value

• Deploy investor capital through syndication structures with stable income and tax advantages

• Oversee day-to-day performance through in-house property and asset management

AGM’s Ongoing Strategy

This investment is currently unrealized, meaning the property remains under AGM management and continues to perform with a consistent yield. Investors benefit from quarterly preferred distributions and long-term equity growth as the Spring District continues to evolve.

AGM Real Estate Group’s focus on core real estate, strategic asset management, and disciplined capital structures ensures this property remains a cornerstone in our growing syndication portfolio.