General Investment Criteria

Apartments

 

 

Type:

All types considered. Garden-style, townhouse, high-rise, low-rise

Size:

- Minimum 110 units

 

- Number of units per property should be adequate to support institutional quality and a market-level amenity package; provide for cost-effective on-site support personnel

Age:

New to 20 years old, will consider rehabilitation and new development

Percentage Leased:

80% minimum, except to be builts

Location:

- Located on or near major thoroughfares with satisfactory retail services

 

- Stable or increasing population growth

 

- Proximity to and desirability of schools utilized by residents

Industrial

 

 

Type:

All types considered. Warehouse/distribution, R&D, flex space, office showroom. Will consider industrial development

Size:

Bulk distribution buildings averaging a minimum of 75,000 square feet. Service industrial buildings averaging 40,000 square feet

Age:

Core properties should be less than 10 years old, will consider renovation, repositioning and new development

Percentage Leased:

80% minimum, except to be builts

Location:

- Industrial/distribution hubs

 

- Established business or industrial parks

 

- Convenient access to major transportation arteries

 

- Locations with multi-model access, i.e., interstate highway, rail and water, preferred

Office

 

 

Type:

All types considered. High-rise, mid-rise, low-rise. CBD preferred

Size:

Minimum 70,000 square feet preferred

Age:

Post-1985 construction preferred, will consider renovation, repositioning and retenanting opportunities

Percentage Leased:

80% minimum

Location:

- Central Business District preferred

 

- Established office locations

 

- Convenient access to major thoroughfares

 

- Proximity to target-market employee base

 

- Limited potential for near-term new construction

Retail

 

 

Type:

All types considered. Super regional, regional, power center, community or neighborhood

Size:

Minimum 80,000 square feet preferred

Age:

Post-1985 construction preferred, will consider renovation, repositioning and new development

Percentage Leased:

85% minimum, except repositioning assets

Location:

- Strong retail fundamentals

 

- Good surface access and visibility

 

- Trade area with satisfactory household income and stable neighborhood

 

- Limited availability of competitive sites in immediate submarket

 

- High traffic counts

 

- Prefer nationally recognized tenants