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AGM REAL ESTATE

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AGM REAL ESTATE

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Wendy's Site to Parque Apartments | Path to Progress

Kirkland – Central Ave | Advisory-led Land Positioning

Summary

AGM identified a high-visibility site in the path of progress in Kirkland, strategically targeting the Wendy’s parcel on Central Avenue. Leveraging its traditional syndication model, AGM secured control of the asset and initiated due diligence. While the site did not fully align with AGM’s long-term investment criteria, its underlying development potential was clear. AGM swiftly repositioned the opportunity—structuring a successful handoff to a qualified development partner, preserving upside for stakeholders while maintaining strategic discipline.

Overview

Asset Type

Commercial Land Reposition

Strategy

Development

Portfolio Size

1 Building

Building Size

133,558 SF | 70 Units

Advisory Process Timeline

Clarify Objective

AGM targeted a high-traffic corridor in Kirkland, identifying a prominent parcel as a compelling opportunity within the city’s path of progress. The goal: secure and reposition a property with long-term development upside.

Clarify Objective

AGM targeted a high-traffic corridor in Kirkland, identifying a prominent parcel as a compelling opportunity within the city’s path of progress. The goal: secure and reposition a property with long-term development upside.

Clarify Objective

AGM targeted a high-traffic corridor in Kirkland, identifying a prominent parcel as a compelling opportunity within the city’s path of progress. The goal: secure and reposition a property with long-term development upside.

Evaluate Potential

Using its traditional syndication model, AGM secured control of the asset and initiated feasibility. While the site didn’t meet all internal criteria, its location and land value signaled strong third-party development potential.

Evaluate Potential

Using its traditional syndication model, AGM secured control of the asset and initiated feasibility. While the site didn’t meet all internal criteria, its location and land value signaled strong third-party development potential.

Evaluate Potential

Using its traditional syndication model, AGM secured control of the asset and initiated feasibility. While the site didn’t meet all internal criteria, its location and land value signaled strong third-party development potential.

Update Title

Month Year

AGM strategically sourced a development partner to assume its position. This allowed for an elegant exit while preserving stakeholder value and upholding AGM’s disciplined investment framework.

Update Title

Month Year

AGM strategically sourced a development partner to assume its position. This allowed for an elegant exit while preserving stakeholder value and upholding AGM’s disciplined investment framework.

Execute Strategy

AGM strategically sourced a development partner to assume its position. This allowed for an elegant exit while preserving stakeholder value and upholding AGM’s disciplined investment framework.

Execute Strategy

AGM strategically sourced a development partner to assume its position. This allowed for an elegant exit while preserving stakeholder value and upholding AGM’s disciplined investment framework.

Strategy
Opportunistic | Enhancing Income, Unlocking Potential
Opportunistic | Enhancing Income, Unlocking Potential

Return

Risk

Opportunistic

Value-Add

Core