Location: Well located, easily accessible, in the path of near-term future growth, or where improved accessibility can be provided by new improvements.
Occupancy: Fully occupied, partially occupied, or vacant properties will be considered. Additional criteria will be short-term leases, below market rents, and opportunities to improve tenant credit-worthiness.
Property Management: Properties where improved management can create value.
Tenancy: Opportunities where our efforts can increase tenants’ creditworthiness.
Marketing: Properties that have been poorly marketed.
Capital Improvements: Properties where capital improvements are necessary to improve competitiveness.
Repositioning: Opportunities where repositioning the property will improve value (e.g. industrial to office).
Replacement Cost: Existing buildings that can be purchased significantly below replacement cost.
(not reflective of priority)
- Mixed Use
Mid-Atlantic States with emphases on Central and Eastern Pennsylvania, Central and Southern New Jersey and Delaware.
$2,000,000 – $10,000,000 in total cost per project.
Other important criteria considered when acquiring properties:
- CAP Rate