ACQUISITION CRITERIA
Nationwide
excluding CA/WA/OR/HI/AK
Nationwide
excluding CA/WA/OR/HI/AK
Nationwide
excluding CA/WA/OR/HI/AK
Regional Focus
Northeast, Midwest, Southeast
Suburban / Secondary / Rural
• High-traffic retail corridors
• Strong VPD
Suburban / Secondary / Rural
• High-traffic retail corridors
• Strong VPD
Urban / Suburban / Secondary
• Positive growth
• Stable markets
Suburban / Secondary
• Positive growth
• Family-friendly neighborhoods
Value-Add
Leasing & Redevelopment
Single Tenant Net Lease
QSR, Dollar, Auto, Convenience
Multi-Tenant
Well diversified rent roll &
limited anchor exposure
Value-Add
Renovation premiums
or below-market rents
Stabilized or High Vacancy
Occupied or Vacant
Stabilized or High Vacancy
Stabilized or ≥85% Occupied
10,000 SF - 200,000 SF
500 SF - 25,000 SF
20,000 SF - 250,000 SF
50 - 250 Units
$500k - $20M
$250k - $5M
$1M - $25M
$5M - $25M
Existing 8.50%+ CAP Rate
Pro Forma 10%+ CAP Rate
Above-Market CAP Rates
Existing or Pro Forma
Existing 11%+ CAP Rate
Pro Forma 12%+
Existing 6.25%+ CAP Rate
Pro Forma 9%+ Yield on Cost