Investment Criteria

Preferred Transaction Size – $1 – $25 Million

Potential Markets – Whole U.S.A.

Mid-size cities, small towns, resort and rural areas are acceptable – “Second Tier” markets with less competition from other buyers.

Preferred Property Types (in order of preference)

  • Shopping Centers (anchored or unanchored)
  • Industrial (single or multi-tenant)
  • Suburban office
     – Single story preferred
     – Individually metered suites strongly preferred
  • Mixed Use
  • Apartments
     – Class A/B+ only
     – Individually Metered only

Primary considerations

  • Buildings below replacement cost
  • Favorable demographics and business climate
  • Rent levels relative to market
  • Strong locations with temporary oversupply
  • Traffic counts & visibility
  • Quality of construction
  • Quality and stability of tenants
  • Barriers to new construction
  • Financing

Preferred Sellers/Sale types

Banks, Insurance companies, other REOs, short-sales, FDIC, other government agencies, other lenders, bankruptcy trustees

Cap Rates

Completely vacant buildings will be considered. Properties with relatively high vacancies that still show acceptable returns on existing occupancy are particularly attractive.

Cap rate criteria will vary with the 10 year treasury rate

For leveraged transactions, Cash on Cash return target is 15%

Advantages to Seller & Brokers of working with to us

  • Brokers protected
  • All cash transactions are acceptable
  • Special consideration for favorable financing
  • Able to assume most existing loans
  • Fast closing
  • Unfinished construction/defaulted construction loans OK
  • Environmentally Hazardous properties will be considered
  • Deferred Maintenance OK
  • As-Is transactions
  • Willing to purchase defaulted trust deeds
  • Willing to purchase at auction or by sealed bid
  • 18 years nationwide experience