Investment criteria
What we buy, and what we pass on.
Written for brokers and sellers. If a deal matches most of this, send it. If it matches none of it, we will tell you quickly rather than sit on it.
Asset types
Neighborhood and strip retail · industrial cold storage · select-service hospitality · controlling stakes in private operating businesses
Geography
Florida first, and the Southeast where we can reach an asset in a day.Name the specific metros once you have decided them — brokers filter on city, not region.
Deal size
To confirm$—M to $—M total capitalizationFill in the range you actually want. A blank range means every broker's list, not the right one.
Equity check
To confirm$—M to $—M per transaction
Hold period
To confirm— to — years
Structures
All-cash · 1031 exchange · sale-leaseback · recapitalization · assumption of existing debt
Condition
Vacancy, deferred maintenance, expiring leases, a broken capital structure or an owner transition are all workable. We would rather buy a problem we can price than a stabilized asset we cannot improve.
Timing
To confirmAnswer on a full package within — business days; close in — to — days depending on diligence and financing.
Just as useful
What we don't do
Saying this plainly saves everyone a week. Edit the list to match how you actually screen.
- Ground-up development or entitlement plays
- Single-family homes, condominium units or short-term rental portfolios
- Office, outside of a small component inside a mixed asset
- Passive LP positions in someone else's fund
- Anything requiring a partner we have not worked with to control the business plan