What we buy, and how fast we can close.
RKG Holdings acquires value-add retail and industrial property across Florida. We are a principal buyer, not a broker. If a deal fits the criteria below, you’ll have a written response from us in a matter of days, not weeks.
The box
Our acquisition criteria
| Asset types | Unanchored and shadow-anchored strip centers, multi-tenant and single-tenant retail, freestanding net-leased buildings, small-bay and flex industrial, light industrial and warehouse. |
|---|---|
| Size | 10,000 to 100,000 square feet. |
| Price | $1 million to $10 million, with capacity to go larger with partners on the right asset. |
| Geography | Florida only. Core markets are Tampa Bay (Hillsborough, Pinellas, Pasco and Manatee counties) and the I-4 corridor, followed by Southwest Florida (Sarasota, Lee and Collier). Other Florida markets considered deal by deal. |
| Occupancy | Zero to fully leased. Vacancy is not a problem; we underwrite the lease-up ourselves. |
| Condition | Deferred maintenance, dated buildings, below-market or gross leases, weak management, partial vacancy, unused pad sites and outparcels. |
| Structure | All cash or conventional financing, 1031 exchange, sale-leaseback with an owner-occupant, assumption of existing debt, and joint ventures with an owner who wants to stay in for the upside. |
| Hold period | Long-term. We are buyers, not flippers, and several of our assets are held with the same investors who funded the purchase. |
Value-add
The work we’re set up to do
Our returns come from fixing the asset, not from guessing at the market. Typically that means one or more of the following.
Lease-up and re-tenanting
Filling vacant suites, replacing under-performing tenants and extending the leases that matter before they roll.
Correcting the rent roll
Bringing below-market rents to market at renewal and converting gross leases to NNN so expense growth stops eating the return.
Capital work
Roofs, HVAC, parking, façades, signage and lighting — the deferred items that make a center hard to lease and easy for us to buy.
Unlocking unused land
Pad sites, outparcels and excess parking developed or sold, and use changes pursued where the zoning supports it.
Situations
When owners call us
A quiet exit
Owners who want to transition without a listing, a sign or a parade of buyers through their tenants’ space.
A deadline
1031 timelines, estate and partnership matters, lender or loan-maturity pressure, or a partner who needs out.
Fatigue
A long-held asset that now needs capital and attention the owner would rather not give it.
Process
From first email to closing
Send it over
Email the offering memorandum, or just a rent roll and trailing twelve months, to rahul@rkgholdco.com.
We underwrite it ourselves
In house, on our own model. We don’t send blind offers and we won’t tie up your asset while we look for a partner.
An answer in days
A letter of intent within five to seven business days of complete information — or a straight no, with the reason.
Diligence and close
Typically 30 days of diligence and 30 days to close, with a meaningful deposit. If diligence changes the numbers, we show you the math.
Not a fit
What we don’t buy
- Apartments, single-family and other residential property
- Anchored malls and big-box power centers
- Raw land with no path to entitlement, and ground-up development other than pad sites on assets we already own
- Anything outside Florida
Brokers: we pay a market co-op fee and we’ll tell you quickly when something isn’t for us, so you can spend your time elsewhere. Owners: we’re happy to give you our read on your asset even when we’re not the buyer.
Have something that fits?
Send us the deal