TOBIN served as Managing Broker-Dealer for the private placement of limited liability company interests in Avistone Tulsa, LLC, a value-add industrial real estate equity offering sponsored by Avistone. The offering was intentionally modest in size, reflecting a focused, asset-specific strategy centered on hands-on execution rather than scale. TOBIN welcomes engagements of this nature and values smaller offerings for the clarity, intimacy and precision they allow. There is no offering too small for TOBIN when the structure, sponsor and investment thesis warrant careful regulatory stewardship.
The offering was structured to acquire and reposition Maxim Business Park, a multi-tenant industrial property comprising approximately 108,442 square feet across eight single-story buildings located along South Mingo Road in Tulsa, Oklahoma. At acquisition, the property exhibited below-market occupancy due to tenant rollover, presenting a lease-up and repositioning opportunity within a supply-constrained industrial submarket. Avistone’s business plan emphasized targeted capital improvements, modernization of tenant spaces, reconfiguration of unit sizes to increase warehouse functionality and disciplined leasing execution.
As Managing Broker-Dealer, TOBIN oversaw the offering as well as the processes of the issuer as they related to U.S. securities laws. The firm focused on the integrity of disclosures, the suitability of the investment for each participating investor and compliance with applicable securities laws and regulations. TOBIN reviewed and approved the private placement memorandum and related offering materials, evaluated selling compensation structures and ensured that all material risks, assumptions and conflicts were clearly and consistently disclosed.
TOBIN also supervised investor subscription on an individual basis, applying investor suitability standards and remaining mindful of the SEC’s Regulation Best Interest obligations applicable to retail investors. This included review of investor profiles, alignment of the offering with stated investment objectives and oversight of subscription acceptance to confirm that participation was appropriate for each investor admitted to the offering.
This engagement reflects TOBIN’s role as a hands-on Broker-Dealer for sponsors seeking a Managing Broker-Dealer that is equally committed to regulatory rigor, investor protection and the thoughtful execution of offerings of all sizes, including smaller, highly focused transactions.
