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INVESTMENT CRITERIA

What We Buy

We target stabilized and value-add opportunities in the Northeast and Mid-Atlantic.

Asset Types

Industrial

Warehouses, distribution centers, light manufacturing

Flex

Office/warehouse combinations, R&D space

Commercial

Retail, office, specialty commercial

Multifamily

Apartment buildings, mixed-use residential

Redevelopment

Conversion opportunities, adaptive reuse

Target Markets

Connecticut

Primary market - statewide focus

Massachusetts

Greater Boston, Western Mass, Cape Cod

New York

Hudson Valley, Westchester, Long Island

Pennsylvania

Philadelphia metro, Lehigh Valley

Other Northeast

Rhode Island, New Jersey, Vermont, NH

Deal Parameters

Transaction Size

$0M - $0M

Purchase price range. We can structure larger transactions through partnerships.

Property Size

0K+ SF

Minimum building size, though we're flexible on the right opportunities.

Minimum Cap Rate

0.0%+

Target stabilized cap rate on in-place NOI. Higher for value-add.

What We Look For

✓ Strong Fundamentals

  • • Durable physical assets
  • • Good locations with infrastructure
  • • Stable or growing demand drivers
  • • Reasonable basis relative to replacement cost

✓ Clear Value Creation

  • • Operational improvements needed
  • • Below-market rents
  • • Deferred maintenance opportunities
  • • Inefficient capital structure

✓ Motivated Sellers

  • • Estate situations
  • • Tired landlords
  • • Portfolio pruning
  • • Off-market opportunities

✓ Manageable Risk

  • • Diversified tenant base or credit tenants
  • • Limited environmental concerns
  • • Reasonable lease rollover schedule
  • • Strong market fundamentals

Transaction Types

Stabilized Acquisitions

Performing assets with in-place cash flow and opportunities for operational improvement or gradual rent growth.

Value-Add

Properties requiring repositioning, capital improvements, lease-up, or operational turnaround.

Off-Market / Relationship-Based

Direct deals with owners, estate situations, and opportunities sourced through our network.

Sale-Leaseback

Purchase of owner-occupied properties with leaseback to the seller.