Acquisition Criteria

JS Western Retail Investments (“JS Western”) focuses on internet-resistant, daily-needs retail in dynamic sub-markets of the major metropolitan areas we cover (San Diego, Denver, Portland, Seattle, Salt Lake City and Los Angeles). 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.

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PREFERRED LOCATIONS
JS Western seeks existing assets in the Western United States

  • CA (San Diego, Los Angeles, Bay Area)
  • CO (Denver MSA)
  • OR (Portland)
  • WA (Seattle)
  • UT (Salt Lake City)

 

PROPERTY TYPES (just add the 4th bullet)

  • Neighborhood and community anchored centers
  • Strip centers (un-anchored)
  • Urban and mixed-use properties
  • Retail boxes with value creation potential
  • Creative office
  • 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.

 

PRICE, SIZE, & TERMS  
$5m - $25m
20,000 sf or greater gross leasable area.
3-5 year leveraged IRR’s in excess of 15%.