Investment Criteria
Retail:
Location: Nationwide with a focus on New York, Florida, and emerging markets such as:
Charlotte, NC
Raleigh, NC
Charleston, SC
Phoenix, AZ
Atlanta, GA
Fort Myers, FL
Nashville, TN
Single-tenant:
Must be vacant, have an expiring or MTM lease, or a long-term lease with low coverage ratio and pad site opportunity
Pro-forma 10+ cap
No SF limit
Open to divisions
Multi-tenant:
Must have some vacancies, expiring or MTM leases, or a low coverage ratio and pad site opportunity
Any lease type
Must have parking lot
No malls
Multifamily:
Location: E Flatbush, Williamsburg, Greenpoint, Bushwick, Crown Heights
Must be close to subways
Status: Min 70% Free Market or has expiring tax-abatement
Year Built: Preferably CO post 2009
Must have some value-add component
No development