Criteria
Broker Incentive Program
Our Broker Incentive Program is designed to reward brokers for bringing us off-market deals. Participating brokers earn substantial bonus compensation and profit participation. We value the critical role brokers play in our success and aim to build long-term, mutually beneficial relationships through this incentive program, ensuring brokers are well-compensated for their efforts in sourcing high-potential investment opportunities.
Property Types
Retail
- Our focus is on internet-resistant, daily-needs retail in dynamic sub-markets of major metropolitan areas.
- Neighborhood and community anchored centers
- Strip centers (un-anchored and shadow-anchored)
- Necessity-based retail properties
- Mid and big-boxes with value creation potential
- Urban and mixed-use properties
Industrial- Small bay industrial
- Sale / lease-back
Medical- Single-tenant medical office
- Retail-to-medical conversions
- PACE (adult day care) and Urgent Care facilities
Franchise- Quick Service Restaurant businesses and/or real estate
- Single-tenant pad or stand-alone buildings
- Portfolios and individual assets
Price
$5–$25M
Size
20,000 SF or More
Location
- AZ (Phoenix)
- CA (San Diego, Los Angeles, Bay Area)
- CO (Denver MSA)
- OR (Portland)
- NV (Las Vegas)
- WA (Seattle)
- UT (Salt Lake City)
- Secondary markets exhibiting job and population growth
- Working-class demographics
- Sub-markets exhibiting a high concentration of medical and government service
Investment Profile
Value-Add
- Target IRR: 15% (leveraged)
- Target MOIC: 1.75x
- Target Cash-on-Cash: 8%
- Target Hold: 3-5 year
Value-Added opportunities offering potential near-term revenue enhancements that could result from re-positioning the tenant mix, leasing vacancies, building expansion space for existing or new tenants and building out pads.
