Acquisition Criteria

Preferred Profile

Well-located value-added opportunities which may include components of new development, redevelopment and re–leasing.  

Location

All geographic areas in the United States with a primary focus in the Midwest and Southeast.  

Price and Yield

Value-added commercial properties, single tenant net leased properties, or property portfolios ranging in size from $500 thousand to $50 million. The tenants, age, location, risk profile and other factors will determine initial yield.  

Target Properties

Vacant or pending anchor vacancies
Properties with short-term net leases or subleases to another tenant
Specialty net leased properties
REO properties, or non-performing notes and mortgages
Leases to below investment grade tenants
Sale/leaseback transactions
Multi-property packages  

Other Requirements

Existing assets must be purchased at a discount to current replacement cost.
Environmentally impaired properties will be considered.