Major Metropolitan areas in the Mid – Atlantic region and Florida
Multi Tenant Office, Mixed Use or Light Industrial (Flex/Showroom), Multi Family
Transit Oriented Locale’s
Infill locations on or close to main roads in areas with above average demographics
Near significant demand generators such as major airports, hospitals, county courthouses or executive housing
Markets that have a history of vacancy rates significantly below national or regional averages.
Prefer areas with high barriers to entry due to difficult entitlement process or lack of developable sites
Close to restaurants, shopping, banking and other cultural and recreational amenities
Value added and core plus. Preference is for under leased/under managed properties in need of upgrading or repositioning.
Flexible floor plans that have the ability to be easily divided to accommodate tenants of various sizes.
Multi-tenanted with no single tenant occupying over 50% of the property. Staggered lease expirations for existing tenants with no more than 50% of the leases expiring within any 12 month period.
Significant discount to replacement cost
Ample parking, typically minimum 4 spaces per 1,000 square feet unless served by public transportation directly to property
Class A or Class B with the potential to be upgraded to Class A
30,000 to 250,000 SF, 20 to 500 Apartments