Strip/Shopping Center:

Location: Nationwide with a focus on Texas, Florida, Michigan, & New York (Suffolk County). Tertiary - Primary markets acceptable

In-place cap rate: Minimum 9%

Weighted average lease term: Minimum 4 years

Lease Type: NNN only

Must have clear below market rents or PPF

No malls

Multifamily:

Location: Brooklyn, Queens, Manhattan (Emphasis on Brooklyn markets of E Flatbush, Williamsburg, Greenpoint)

Must be close to subways

In-place cap rate: Minimum 6.5%

Status: 100% Free Market

Year Built: Post 2009

Both value-add and core properties acceptable