Our focus is on internet-resistant, daily-needs retail in dynamic sub-markets of major metropolitan areas.
PRICE: $5m - $25m
SIZE: 20,000 sf or more
CA (San Diego, Los Angeles,
CO (Denver MSA)
UT (Salt Lake City)
Sub-markets exhibiting a high concentration of medical and government service uses are of particular interest.
Neighborhood and community anchored centers
Strip centers (un-anchored)
Urban and mixed-use properties
Retail boxes with value creation potential
Portfolios and individual assets.
Established locations with strong incomes and population growth.
Markets with barriers to entry.
Average household income in the upper percentile for the market.
Necessity-based retail properties.
Stabilized properties or properties in need of re-positioning, value enhancement or expansion.
IRR Target: 12% (leveraged)
Hold: 5-7 year
Our Core-Plus strategy seeks currently cash-flowing assets that have a component that allows us to create value, though at a lesser degree than our Value-Add assets. Examples of such components are below market rents, acquiring the asset off-market at some discount.
IRR Target: 15% (leveraged)
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.