As of December 2018, our growing portfolio is spread across 24 states and includes approximately 24 million square-feet of commercial properties. Our entities have a strong, diversified mix of locations, tenant credits and property types. Given current macroeconomic conditions and recent shifts in retail spending habits, our current investment strategy generally will be to cycle out of big-box, single-tenant retail (where appropriate) to invest in larger value-added industrial properties. Additionally, on a case-by-case basis we will continue acquiring distressed retail and office properties, along with other REO, as opportunities are identified.
(1) Investment focus on Industrial properties greater than 200,000 SF, with specific preferences for emerging industrial corridors; (2) Value-added commercial real estate opportunities for most property types, with the exception of multifamily properties; (3) Portfolios with a mixture of stabilized and vacant properties; (4) Land for commercial development considered on a limited case-by-case basis.
Broad structural flexibility, including traditional sales, seller financing, trades, joint ventures, note sales, etc. We understand the challenges of today’s marketplace and actively seek both traditional transaction solutions and more outside-the-box solutions.
Determined case-by-case and based upon risk assessment.
Primary focused on the Midwest and South, with the ability to acquire nationally; secondary and tertiary markets considered.