Acquisition Criteria

Size: $5 - $50 million

Location: Texas, primarily focused on Houston

Product:
    • Land. Up to 100+ acres; preferably commercial sites and broken land deals.
    • Retail. 15,000 - 100,000 square-foot stand-alone, specialty, strip, and neighborhood centers.
    • Office. 10,000 - 100,000 square-foot single or multi-tenant buildings; fully-leased, under-leased, or vacant properties.
    • Industrial. 15,000 - 100,000 square-foot single- and multi-tenant, triple net, flex and warehouse space.
    • Other Opportunities.

Investment Type:
  • Value-add repositioning
  • REO
  • Stabilized
  • Ground-up development
  • Build-to-suit
  • Note purchases
Structure:
  • Direct investment
  • Co-investment
  • Recapitalization of existing partnerships
Other Factors:
  • Infill locations with high barriers to entry
  • Growth markets
  • Discount to replacement cost
  • Below market in-place rents