Just curious how your transaction went and what financing vehicle you ended up going with?

Put the money into fixed income vehicles of various sorts and walk away and spend more time drinking wine and catching fish. 

The strip includes a super Walmart, In-N-Out, Starbucks, and others: https://www.cerescourier.com/news/local/ceres-gateway-centers-biggest-project-a-hotel-under-construction/Merced is bigger though, with the high speed rail projected to have a stop there.

Real estate is a long-term wealth vehicle, and overall, I would be cautious about how you define overpriced.

Real estate is an amazing vehicle to pave your way to success!

Additionally, if their capex budget was only forecast for 5 yr hold, and they are now anticipating 10 yrs, they may be seeing roofs, exterior repaints, other exterior repairs (stairways, railings, parking lots) that they assumed they wouldn't need to address, but now need to.Things to look for: positive DSCR TODAY, not on pro forma numbers.  

Has rent control worked anywhere on the planet or fails every time in the short & long-term.Why not have price control on college tuition, food, interest rates, new vehicle prices and energy ?

So while real estate can be a great vehicle - realize it’s cyclic - and you are in the high side of cycle.  

Is there a financial vehicle where I can park that money and only pay taxes when I make withdrawals? 

You have never seen it, and do not understand that tax returns reveal all, and the credit report it just one of many ways debt is uncovered and a LLC is simply a vehicle for a business just like any other self employed business.