With a long-term perspective, we seek to acquire quality properties in major metropolitan areas, and then maximize their value through either or a combination of value-add initiatives, enhanced management, preferred financing terms, aggressive leasing and additional development or redevelopment.
Core+
Strategic locations in large metropolitan areas
Institutional quality new or recently renovated buildings
Long-term leases with substantial increases, strong cash flow from day 1
Triple net leases
Credit-rated tenants
Quarterly cash flow distributions
Long-term fixed rate loans not to exceed 60% of property value and no personal guarantees
Properties sit on land that can may be redeveloped or re-positioned
Fund vehicles with strong corporate governance and third-party auditors
Value Add
Large metropolitan areas
Buildings that can become institutional quality through significant rehabilitation
Low or not in-place current income
Target credit-rated tenants that will commit to long-term triple net leases
Long-term fixed rate loans not to exceed 60% of property value
No personal guarantees
Development of unused land or redevelopment of obsolete structures
Fund vehicles with strong corporate governance and third-party auditors