The Philadelphia Mastermind Group had the opportunity to hear from guest speaker Mark Allen, who is Vice President of Investor Relations with Royal Oak Realty Trust. Mark discussed the business model of the company, which is a private REIT, and talked about the types of properties they look to acquire. He also discussed their background and projected growth and their hope to acquire properties in the state of Pennsylvania in the future.
In just the past few years, Royal Oak has accumulated 45 buildings across 23 properties. With an asset base in the neighborhood of $147 million, their largest segment is in the Midwest. In addition to looking at more Pennsylvania investment, they are expanding into the Southeast with recent acquisitions of property in High Point, North Carolina and an engineering firm in Memphis.
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