| In order to better serve our professional clientele, we have established the following guidelines. Right-click and select "Save target as..." for a PDF of our guidelines. Please note we are now acquiring debt! See below for our detailed acquisition criteria. |
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| PROPERTY TYPE: |
RETAIL CENTERS: |
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ANCHORED by a grocery store, national credit or
regional credit store(s) |
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UNANCHORED centers with a mix of national tenants and/or shadow-anchored by a national credit tenant(s). |
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SINGLE TENANT PROPERTIES AND OUTLOT BUILDINGS |
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MULTIPLE BUILDING PORTFOLIOS |
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OFFICE: Class B+ or better |
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MULTI-TENANT or SINGLE TENANT BUILDINGS |
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MEDICAL OFFICE BUILDINGS |
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MULTIPLE BUILDING PORTFOLIOS |
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INDUSTRIAL: |
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SINGLE AND MULTI-TENANT |
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BUILDINGS WITH EXCESS LAND FOR DEVELOPMENT |
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MULTIPLE BUILDING PORTFOLIOS |
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MULTI-FAMILY |
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WELL-MAINTAINED CLASS B (or better) |
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LOCATED IN GROWTH MARKETS WHERE EMPLOYMENT AND POPULATION ARE TRENDING POSITIVELY |
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HAVE SOME ASPECT THAT PERMITS A VALUE-ADD OPPORTUNITY: ABOVE MARKET VACANCY; ABOVE AVERAGE EXPENSES; BELOW MARKET RENTS; DEFERRED MAINTENANCE |
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HAS STABLE AND SUSTAINABLE CASH FLOW IN PLACE AT TIME OF ACQUISITION |
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| MARKETS: |
Nationwide |
| AGE OF PROPERTY: |
1985 or newer |
| TRANSACTION SIZE: |
$1,000,000 - $60,000,000 |
| CAPITALIZATION RATES: |
Very competitive and varies with the quality of the income and the velocity at which it grows. |
| OCCUPANCY: |
Stabilized and value-add properties |
