Affiliates of Phoenix’s portfolio spans 29 states and includes commercial properties totaling 78 million square feet. 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.
INVESTMENT TYPES(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.
DEAL TYPESBroad 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.
YIELD REQUIREMENTDetermined case-by-case and based upon risk assessment.
LOCATIONSPrimary focused on the Midwest and South, with the ability to acquire nationally; secondary and tertiary markets considered.
