ACQUISITION CRITERIA
THROUGHOUT THE UNITED STATES
Property Type: Retail Centers and Office/Medical Buildings
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We also consider Class A Industrial Properties and Multifamily Properties with a minimum of 100 units
Location: All markets considered
Size: No minimum size requirement
Allocation: Minimum $1 million with no maximum price
Financial Requirements:
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Minimum 8.5% Cap Rates for any type of shopping center or office building
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Minimum 7.5% Cap Rates for Grocery Anchored Centers with strong grocer sales and a minimum of 15% vacancy upside
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Minimum of 11% Cap Rates for Malls and Outlet Centers
Value-Add Potential: Vacancy, below market rents with near term lease expirations, under-managed properties and additional capital investment to improve the asset profile leading to asset stabilization
Other Preferences:
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Bank Notes (performing or non-performing)
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Properties in Distress
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Off Market Properties
Property Type: Single Tenant Properties
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Ground Leases preferred
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Restaurants, Drug Stores, Convenience Stores, Supermarkets, Post Offices, and Office Buildings
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Leased to national and regional name tenants
Mandatory: Low Rent in place
Tenant Sales: Strong Sales history (not mandatory)
Location:
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All markets considered
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High visibility
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Located on roads with high traffic
Term: Will buy short short and long term leases
Credit: Will buy Corporate or Franchisee Credit
Financial Requirements: Case by Case basis depending on tenant's credit and location
Other Considerations: Sale Leasebacks
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REO's
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High Cap Rate Properties with Value-Add
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Portfolios
Contact Information:
Brandon Hakimi
Principal/Acquisitions
(516) 684-9200
