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Acquisitions

Program Requirements

Our primary focus will continue to be shopping centers with upside potential within the following parameters:

Product Type: Anchored shopping centers
Seeking: Single assets and portfolios
Size: Over 60,000 square feet
Minimum Price: $3,000,000
Deal Structure: All cash at closing
Geographic Focus: Primarily Midwest and Southeast
   

We understand that surety of closing is of utmost importance to any potential seller. Our reputation as a closer is more important to us than anything else. We refuse to put property under contract at terms or conditions we aren't absolutely positive we can meet, as we are committed to maintaining an exceptionally high closure rate. Some of the key elements of our acquisition process are as follows:

  • All cash, no financing contingencies
  • Thorough upfront underwriting and property/market research
  • Closing within 45 days
  • Ability to overcome complex issues, such as anchor vacancy, small markets, redevelopment issues, tenant lease issues, deferred capital requirements
  • Flexibility to meet Seller's needs
  • Regular communication with Seller during due diligence

While this provides an outline of our general acquisition criteria, it is always our preference to evaluate every potential shopping that you or your client may consider selling.

If you have any questions or have a shopping center to submit for evaluation, please contact:

David Wik
Director of Acquisitions
513-891-2526
513-891-5131 (fax)
Email: email David Wik