Divall Insured Income Properties 2 Limited Partnership
DIVVZ
Other OTC404.40
USD
- -
- -
CIK
0000825788
Return %
Stock
S&P500
1Y
- -
16.28
3Y
- -
62.37
5Y
- -
67.63
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Bruce A. Provo
- Sector
- Real Estate
- Industry
- Real Estate - Services
- Address
- MO United States of America
- IPO Date
- Mar 21, 2013
- CIK
- 0000825788
- Website
- divallproperties.com
- Similar Companies
- Business
- DiVall Insured Income Properties 2 Limited Partnership (DIVVZ) owns and operates an investment portfolio of commercial real estate properties leased on a triple net basis primarily to franchisees of national, regional, and local retail chains, including fast food, family style, and casual/theme restaurants such as Wendy's and Applebee's; the properties, previously totaling eight fully constructed fast-food/casual dining facilities located across three states including South Carolina and Georgia, generated rental income from long-term leases where tenants handled property taxes, maintenance, insurance, and ground rent. Organized under the Wisconsin Uniform Limited Partnership Act on November 20, 1987, with headquarters at 1900 W 75th Street, Suite 100, Prairie Village, Kansas 66208, the Partnership is managed by its general partner, The Provo Group, Inc., under a Permanent Manager Agreement renewed effective January 1, 2025, for a two-year term ending December 31, 2026, and features an advisory board comprising limited partners for oversight of operational policies, extraordinary transactions, and financial controls. In recent major developments, the Partnership sold all eight properties between 2023 and 2024 pursuant to limited partner consent in 2020 and general partner resolutions in August 2023 authorizing liquidation prior to the November 30, 2023, dissolution date, including five sales in 2023 such as the Martintown Road ($1.4 million), Mt. Pleasant SC ($3.2 million), Applebee's ($2.1 million), Wendy's Peach Orchard Road Augusta GA ($3.8 million), and Wendy's Whiskey Road Aiken SC ($3.8 million) properties, followed by the remaining three Wendy's locations in South Carolina (Folly Road, Richland Ave Aiken, and Sam Rittenberg Charleston) in October 2024 for approximately $2.9 million, $3.0 million, and $3.1 million respectively, resulting in net proceeds substantially distributed to 1,089 limited partners holding 46,280.3 units amid wind-up activities focused on settling obligations, tax filings, and evaluating residual assets for further distributions in 2025.