In its inaugural year, Streamline Capital Group witnessed remarkable growth and achievement. Following its initial startup phase earlier in the year, it successfully acquired approximately $9 million worth of real estate, encompassing nearly 60,000 SF.
“This success allowed us to forge new connections with investors both locally and nationwide,” said CEO David Hrizak. “The positive word of mouth about our endeavors resulted in more than $2.5 million being entrusted into our investments.”
Streamline Capital Group, a trio of professionals with the expertise and experience to find, finance, and manage properties, is now poised for an ambitious 2024.
Its three entities – Streamline Capital Group, Streamline Development, and Streamline Asset Management – will rebrand as The Streamline Companies. Also in 2024, the firm will launch its first general fund tailored for accredited investors. This initiative aims to pool together a larger set of resources, providing enhanced opportunities for its clients. On Jan. 8 the fund will launch with the goal of raising $15 million to acquire five to six additional properties.
“We are excited to announce Streamline Investment Group III. This Real Estate Fund will give the us the buying power to acquire multiple investment properties in 2024 thereby offering our investors greater opportunities and diversification,” Hrizak said.
In June, Streamline Capital Group closed its first deal, a 39,000 SF multi-tenant asset in the “Arcadia Lite” Neighborhood. It purchased the former Camelhead Business Center at 2600 N. 44th St., in Phoenix for $5 million. The asset is being rebranded as The Grand on 44th.
The Grand on 44th features two structures: Building A is +/- 9,173 SF; Building B is +/- 30,199 SF. The site is zoned R-5, providing flexibility for the 1.61-acre parcel. Its centralized location provides exceptional access to Phoenix Sky Harbor International Airport, the Loop 202, Interstate 10, and SR 143 and is conveniently accessible from the core of Phoenix, Tempe and Scottsdale.
More than $750,000 of capital improvements have been invested in The Grand on 44th since the acquisition. The exterior has a new look with remodeled landscaping, color scheme, and marquee signage coming soon. Upgrades to the mechanical and lighting systems will improve energy efficiency and vacant units have been updated as spec units and are move-in ready.
The second capital raise, Streamline Investment Group II, LLC, which took only two weeks to complete, will be utilized to acquire the property at 1234 S. Power Road in Mesa, Arizona. The asset is an 18,000 SF, two-story office building. It features a mixed group of medical and professional services tenants.
“We couldn’t have made it this far if not for the collaboration with a local bank, Republic Bank of Arizona,” Hrizak said. “In a climate where financing has been difficult, they have been with us all the way.”
The firm’s other principals, Frank Stirpe and Scott Roney, bring diversity to the group with legal, operations, project management and marketing proficiencies.
Stirpe excels in the fields of business, large-scale organizational operations, and education. His innovative leadership propelled him to rapid advancement in the fields of educational operations and business. He brings to the firm a wealth of experience in marketing, operations, and project management.
Roney possesses more than 30 years of experience practicing complex business and commercial law and has held senior leadership roles in global industrial companies. He served as a corporate officer of a publicly traded Fortune 100 company.
“Our core mission is to leverage the power of vertical integration across our three entities, providing unmatched service across all aspects of the real estate industry. Whether a client’s needs lie in construction and development, real estate investments, or asset management, Streamline Capital Group is committed to addressing them comprehensively, delivering results while optimizing cost-efficiency and profit generation, all within specified timelines,” Hrizak said.
In 2001, Hrizak formed Burzak Investment Group, Inc., with the goal of locating and identifying real estate development opportunities, either as ground-up development or redevelopment of existing properties. He directed the company’s successful participation in the office, industrial, medical, retail, and residential sectors. Investments included buy, build, and hold-for-cash flow and buy, build, and sell projects.
In 2010 Hrizak founded general contracting firm Streamline Construction & Development Corp. Burzak and Streamline Construction & Development together have facilitated and executed investments totaling more than $100 million.
Streamline Capital Group also made it a priority to give back to the community. This holiday season it chose to support the Superstition Community Food Bank in Apache Junction.
“Thank you for being an outstanding group of individuals. We and I appreciate your dedication to business development and your power in the philanthropy world,” said Lynn Hanson, Board President of the Superstition Community Food Bank.
Photo: The Streamline Capital Group leadership team consists of (left to right) CEO David Hrizak, Chief Client Officer Frank Stirpe, and Chief Legal Officer Scott Roney.
