Acquisition Criteria
We are value investors. By targeting well located properties with strong fundamentals that can be purchased at opportunistic pricing we create stability and the prospect for long-term growth. Value pricing is achieved in several ways:
- Buying occupied properties leased at below market rental rates where the pricing is reflective of the income stream.
- Exploit inefficiencies within the market. We use our superior knowledge of the dynamics of the market to unearth opportunities that are not obvious to others.
- Acquiring vacant properties at prices aligned with the risk. Post closing, we draw from our years of real estate experience and our established connections to improve and lease these facilities.
- Target projects that are below the size threshold required by well capitalized institutional investors. We like to fly below the radar.
Property Types
Primary Focus: Small Box Retail (25,000 Square Feet or Less) or Restaurant-Oriented- Primarily Single-Tenant
Secondary Focus: Industrial / Warehouse (35,000 Square Feet or Less)
Markets
We currently own properties in North Carolina, Alabama, New York, Maryland, Delaware, Ohio, Indiana, West Virginia, and Florida. We are interested in expanding within our footprint and venturing into markets outside of these states that have a trade area of more than 50,000 people. We have a particular interest in college and university towns and cities.
Initial Capitalization Rate
We are not pure cap rate buyers. We look at the totality of the project to determine the entry capitalization rate for occupied properties.
Maximum Deal Size:
$2,000,000
Tenants
Unlike many investor-developers we weigh our investments decision more heavily toward the intrinsic fundamentals of the deal. Like all prudent investors we favor highly rated financially strong tenants.