In late 2011, Premier took over management of Mosby Tower, a 113,000 sf office building across from the courthouse in Fairfax City, Virginia. At that time, occupancy was stuck at 61%, most tenants were on one year leases, and cash flow was correspondingly challenged. Fast forward 15 months and occupancy has climbed to 81%, and with Premier’s assistance and involvement, ownership was able to negotiate a favorable buyout of the loan, place new debt on competitive terms, and recapitalize the equity stack. Closing on the refinancing occurred in October 2012, and as part of this recapitalization, Premier is proud to announce that it has become the managing partner. Special thanks are due to Robert P. Freeman, CEO of Greyfields, for giving Premier this opportunity to demonstrate our skills, and to Prime Finance for providing the new debt financing.