In August 2017, Roundy's West Bend retail building was sold for $18,187,000. The investment generated a 16.0% IRR and an Equity Multiple of 2.3 to 1 over the seven year hold. Upon acquisition December 2010, the 63,160 SF property was 100% leased for 20 years to Roundy's Supermarkets, Inc., which was acquired by Kroger (NYSE: KR) in December 2015 enhancing the investment's credit quality. In QI 2017, the store was remodeled and rearranged to bring it in line with Kroger's corporate model. Later, Kroger executed a full guaranty of the lease in exchange for landlord contributing 25% to their $2 million of leasehold improvements. The property was owned 50% by Westminster Fund VII LP and 50% by Westminster Fund VIII LP.