Opportunistic Real Estate
We’ve acquired severely distressed assets, performing/non-performing loans, portfolios and other forms of opportunistic acquisitions
Aclaime Dynamics is a real estate investment company that has invested in 17 states, across multiple asset classes and complex structures. With its predecessor company, Aclaime Dynamics has been in business since 1986 and has invested in 40+ deals representing over $250,000,000 in value. Given an ever changing real estate landscape, the company seeks opportunities that are bi-products of market conditions, lack of providers or where we can simply out execute any potential competition. Utilizing this approach the company was one of the first groups in 2008 to participate in FDIC transactions, non-performing loans and other distressed debt opportunities throughout the downturn. In 2012, Aclaime Dynamics shifted its focus towards more value add projects to capitalize on an increased demand for new developments. The company is interested in direct acquisitions, joint ventures, co-sponsorship’s and other unique real estate acquisition opportunities. Aclaime Dynamics is a wholly owned subsidiary of The Aclaime Group, a private equity firm. www.aclaimegroup.com
We’ve acquired severely distressed assets, performing/non-performing loans, portfolios and other forms of opportunistic acquisitions
We are currently developing single family residential products and commercial mixed use properties
We seek unique, turn-key and disruptive real estate strategies alongside seasoned operating partners
We are seeking additional real estate operating companies to acquire that fit within our vision of expanding certain industry sectors
141-acre real estate development property Northwest of the point of the mountain in Bluffdale, Utah, named Aclaime at Independence. Plans for the property include 1,000+ home sites and several mixed-use commercial aspects.
$10.6M distressed bond acquisition backed by a 254 unit multi-family property in Kansas City, KS acquired from a major financial institution.
$4.65M non-performing loan acquisition backed by a 100 unit apartment complex in Mesquite, NV. The loan was acquired from a major financial institution.
Participant in the failed Arkansas National Bank portfolio acquisition of approximately $1.17 Billion in face value loans encompassing over 1,100 individual loans across the nation through a joint venture with the FDIC.
Participant in the purchase of a $30,000,000 non-performing loan backed by an agriculture ranch and livestock located in Greeley, CO acquired from a failed bank.
Auburn Fields is a 70 unit entry level town home project that was acquired with operating partners and built out vertically.
Rainbow Pointe is an innovative small lot community located on the old Enge Village in Salt Lake City, Utah. The project featured 45 award winning homes designed by one of the country’s foremost architects, Bassenian/Lagoni Architects of Newport Beach. The community’s unique “wide and shallow” homes sold out in 8 months at a value of just under $7 million.
Villa Colonnade/Villa Finestra are two communities built in a section of the Summerlin Master Plan called Desert Shores. Located in Northwest Las Vegas, the community of 106 homes designed by national award winning architects Pekerak/Crandall of Southern California featured an award winning grand entry with a divided landscaped drive that included palm trees and mature plantings, stamped concrete and ornate wrought iron gates. The project received a Grand Mame Award for model home merchandizing and sold out in 12 months at a value of in excess of $18 Million.
Spring Lane is an 80 home condominium community located in Holladay, Utah. The homes were designed by Alan Kruckenberg of Salt Lake City and featured a community pool and clubhouse along with along with unique homes that included private back yards, an innovation at the time. The project was featured in Professional Builder Magazines as one of the finest condominium projects in the country. 36 homes were sold the first weekend and the entire project was built and sold in 15 months at a value of $8.8 million.
StoneGate is a 149 lot master planned community build on 42 acres located in West Valley City, Utah. The project built in 2001, featured an impressive entry with ornate wrought iron gates and stone pillars along with a landscaped roundabout encompassed by stamped concrete. The award winning community also featured several parks and a landscaped trail system that includes benches and accent lighting. The project sold out in 15 months at a value of over $10 million for the lots.
Aclaime Dynamics
230 West Towne Ridge Parkway
Suite 510
Sandy, UT 84070
O: 866.888.9992
info@aclaimegroup.com
October 16th, 2014
Aclaime Dynamics Successfully Turns Around Large Scale Development
Justin Luettgerodt, chief executive officer of Aclaime Dynamics, today offers a progress report of the properties at Aclaime at Independence recognizing the rapid expansion of growth and the successful divesting of multiple assets.
Independence is a 536 acre master planned community located on the border of Salt Lake and Utah counties in an area seeing accelerated growth. In January of 2013, Aclaime Dynamics purchased 141 acres of the master plan from a distressed sale that encompassed commercial mixed use properties and 1,000 potential home sites, immediately implementing an aggressive turnaround and value-add strategy.
As of October 2014, Aclaime Dynamics has reconfigured and exited seven commercial parcels. Aclaime Dynamics has also entitled, improved, and sold all 190 lots in phase one and completed entitlements for phase two. Phase two is called Westgate, which is a 32 acre parcel approved for 266 homes sites, including 155 townhomes, 111 single family lots, and 3.6 acres of parks and trails. Phases three and four will include 47 acres targeted for 392 units.
“I’m proud to see the hard work of our dedicated team result in multiple entitlements and zoning modifications that substantially increased the value of our properties and have led to several successful asset sales,” said Mr. Luettgerodt. “Since Aclaime Dynamic’s acquisition in Bluffdale, we have worked with some of the best Utah designers, engineers, and consultants to execute on our strategy. I look forward to the continuing success of our team.”
February 13th, 2013
Aclaime Finalizes Large Scale Residential Development Deal in Bluffdale
The Aclaime Group (www.aclaimegroup.com), a leading private equity real estate firm, has completed a deal to purchase a 141-acre real estate development property Northwest of the point of the mountain in Bluffdale, Utah. The deal was finalized through Aclaime Dynamics, a development company owned by The Aclaime Group.
Over the next few years, Aclaime Dynamics will direct the development of the 1,000-home sites and mixed use commercial acreage. The project has been dubbed Aclaime at Independence and will serve thousands of homebuyers for many years to come.
“Due to some of the unique circumstances of the property, including the development of Porter Rockwell Boulevard, this is a wonderful opportunity for both Aclaime and the community of Bluffdale,” said Justin Luettgerodt, CEO of The Aclaime Group and Managing Partner of Aclaime Dynamics. “This property will not only provide new homes for Utah families, but will create a completely new and fully expanded community minutes from I-15.”
Porter Rockwell Boulevard will be a major east-west corridor road, connecting Redwood Road and I-15. The area continues to grow, making the development of the property especially exciting.
Located in the heart of the natural path of growth, the property will soon be home to thousands of people. Builders will be adding parks, trails, landscaping, local businesses, schools, churches and community buildings.
To complete the acquisition of the property, The Aclaime Group acquired Performance Dynamics, a real estate development company which is now known as Aclaime Dynamics.
Luettgerodt said, “Acquiring Performance Dynamics was a natural step for making this deal work properly. Dave Tolman and the entire Performance Dynamics team have extensive experience working in the development space in Utah and the surrounding states. We are excited to add Aclaime Dynamics as one of our portfolio companies and welcome the team.”
Aclaime Dynamics joins Aclaime’s lending and opportunistic real estate businesses alongside Aclaime Debt Partners, Aclaime Credit Partners and Aclaime Capital Partners within The Aclaime Group’s ecosystem.
January 10th, 2013
The Aclaime Group Closes on Real Estate Bond Deal in Kansas City
The Aclaime Group (http://www.aclaimegroup.com), a leading private equity real estate firm, has finalized a deal with a top five US lender to purchase a $10,600,000 bond backed by a multi-family property in Kansas City, Kan.
“This deal came to us because of another similar transaction we closed in September with the lender,” said Justin Luettgerodt, CEO of The Aclaime Group. “This was a wonderful opportunity for us to expand our portfolio company, Aclaime Capital Partners, LLC, into a new region. We look forward to similar deals like this in the future.”
For the deal, Aclaime Capital Partners underwrote the assets that secured these loans and was able to bring together the parties in such a way that both they and Aclaime met their objectives. Aclaime Capital Partners contracted with the lender to acquire the bond backed by the 254 unit apartment complex and closed within 30 days thereafter
Aclaime developed a relationship with the lender several years ago when another bank that Aclaime worked with was acquired by them.
Luettgerodt added: “We are excited to continue this relationship, as they helped us complete these transactions in a timely manner and prior to year end. Both deals were very challenging and had previously been under contract with other groups who were not successful in acquiring them.”