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CASE STUDIES

Anyone can describe a philosophy. A track record shows whether it holds up. Each study names the opportunity, the challenge, PETRA's approach and what it produced.

5 case studies

Park Landing Supportive Housing Campus under construction in Wichita, Kansas
New Construction · Wichita, Kansas

Park Landing

25 shelter units and 50 permanent supportive housing units beside Second Light, so the path to a permanent home runs across one campus.

75

Shelter and supportive housing units under construction

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1201–1209 E. Douglas Avenue storefronts in Wichita, Kansas
Mixed-Use · Wichita, Kansas

1201 Douglas

Five street-level retail suites with five apartments upstairs on East Douglas Avenue in Wichita, acquired in 2022 and operated by PETRA since. 100% occupied.

100%

Occupied, November 2026

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42 West flex industrial buildings in southwest Wichita
Industrial Flex · Wichita, Kansas

42 West

A fully leased flex industrial portfolio in southwest Wichita, held for five years, kept full with a diverse tenant base, and sold in 2026.

$6.5M

Total project cost, realized through an August 2026 sale

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Second Light shelter and service center entrance with signage, the former Park Elementary School in Wichita, Kansas
Adaptive Reuse · Wichita, Kansas

Second Light

A former elementary school renovated into a 24/7 shelter and service center for the City of Wichita, without ever closing its doors.

$2M

Verified savings across Second Light and Park Landing

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Lodge West courtyard: two-story apartment buildings with exterior stairs around a fenced pool
Multifamily Value-Add · Wichita, Kansas

Lodge West

An 84-unit community bought off-market weeks before the pandemic, operated through COVID, a rate spike, a flood and a failed sale, and sold when a sale served investors best.

~40%

Sale price above purchase price, sold August 2025

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Aerial view of the Blackhawk Ridge site in Kenosha, Wisconsin, outlined between 60th and 67th Streets west of Highway 31
Land Entitlement · Kenosha, WI

Blackhawk Ridge

About 100 acres of agriculturally zoned land guided through master planning toward new housing, with one aligned buyer for the full site.

20.85

Acres closed in Phase 1, Sept. 2026

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PETRA Douglas Design retail and industrial property in Wichita, Kansas
Industrial & Retail · Wichita, Kansas

PETRA Douglas Design

Durability by design: a 2019 purchase underwritten on in-place income, and two national tenancies extended through patient asset management.

100%

Occupied by two national tenants

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Derby Retail neighborhood strip center on N. Rock Road in Derby, Kansas
Retail · Derby, Kansas

Derby Retail

Two under-managed neighborhood centers, every lease rewritten, and a sale a year ahead of plan.

~79%

Sale price above purchase price

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THE FULL TRACK RECORD

These studies go deep on a few projects. The track record shows the wider portfolio, with PETRA's role and each project's status.

SEE THE FULL TRACK RECORD
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