In the News

The Heritage Group Forms Discretionary Real Estate Fund

SAN DIEGO – San Diego-based The Heritage Group has launched its first fund product, The Heritage Core Value Fund. The real estate firm is planning a $50 million equity raise for the Core Value Fund. With leverage in place, the company expects a total capitalization of the fund to be in the range of $100 million to $125 million. Target investors in the Fund will include a mixture of high net-worth individuals, family offices, trusts and Registered Investment Advisors. “Based upon our growth as well as the success we have had making individual investments for our current clients, a discretionary …


Local Commercial Real Estate Firm Closes $2.5 Million Deal in Texas

SAN DIEGO – San Diego-based company, The Heritage Group, assisted Daniel R. Bond Separate Property Trust in purchasing a Chili’s Grill & Bar for $2,421,053 in Ft. Worth, Texas. Kyle Clark – senior director at The Heritage Group – represented the buyer, while Alvin Mansour of The Mansour Group represented the seller, GL ATC No 2, Ltd. The property was purchased as part of a 1031 tax-deferred exchange resulting from the sale of a local commercial property. The building, located in the Alliance Town Center at 9201 Sage Meadow Trail, is currently occupied and operated by Chili’s Grill & Bar.  …


Golden Spoon Sets Up Shop in Old Poway Village

SAN DIEGO – Madhaydyl, LLC, LLC, dba Golden Spoon signed a 50-month lease for $84,914.94 with Old Poway Village Center, LLC. The lease for the 640-square foot retail space is set to commence May 1. Lev Mizan and Dan McCarthy, both of The Heritage Group, represented the tenant and landlord in the transaction. The Golden Spoon franchisee will be opening a location on the southwest corner of the property. “Adding Golden Spoon to Old Poway Village will not only be a tremendous benefit to the community, but it also represents another step we are taking to shape and re-position this …


Attorneys Funding Group, Inc. Opens First San Diego-Based Branch in Old Poway Village

SAN DIEGO – Attorneys Funding Group, Inc. signed a 37-month lease for $90,780.36 to occupy a 1,186-square foot office space in Old Poway Village. Lev Mizan and Dan McCarthy, both of The Heritage Group, represented the lessor, Old Poway Village Center, LLC; Brian J. Clark, owner of Attorneys Funding, represented himself in the transaction. The office, located at 14005-A Midland Rd., Poway CA 92064, is on the back side of the property. Attorneys Funding is a mortgage lender based out of Roseville, Calif.  This is their first location of their San Diego branch. “Attorneys Funding is an excellent operator to …

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