ACQUISITION CRITERIA

1. Retail

  • Anchored Strip and neighborhood shopping centers.
  • Primary and Secondary MSA's.
  • Continental US (west-coast, and far north regions excluded.)
  • "B" class or better.
  • 45,000 to 250,000 square feet.
  • $1,500,000 - $15,000,000 acquisition cost.
  • At or below realistic replacement cost.
  • Minimum Rate of capitalization 10.5%+
  • Upside potential due to vacancies, below market rents or escalators.
2. Multi-Family Apartments
  • 150+ garden style units
  • Primary and secondary MSA's
  • Throughout the continental US (west-coast and far north excluded)
  • "B" class 1980's construction
  • Pitched roofs preferred.
  • Individual HVAC and individual electric metering.
  • Minimum capitalization rate 10%.
3. Other Property Types
  • Will look on case by case basis at:
    • Garden style office buildings, multi-tenant industrial/warehouse properties, and Mini-warehouses. 1980's construction. Please note that the price per square foot has to be commensurate with age, and cap rates in the 10%+ range.
Real Estate Brokers fully protected, fast, and efficient response.
Executive summaries are welcome.