Asset Criteria
- Target Purchase Price: $3 to $50 million range. (No deal is too small).
- Areas of Interest: Texas, Southeast, Midwest, Florida, and East Coast.
- Initial cap rate commensurate with risk and location usually above 7%.
- We are open to assuming financing.
- Below market rents and upside through leasing is a plus.
- Looking for strong markets with out excessive vacancies. Can be strong locations in secondary markets or rapidly developing locations.
- Not interested in dying markets prefer stable and growing markets.
- Middle income+ demographics.
- Interested in strong positioning along prime retail corridors.
- Grocery anchor preferred but not necessary.
- Some national tenants a plus but not required in a neighborhood center.
- Centers with outparcels that can be sold are a plus.
