The Core Platform provides the investor a combination of stable returns with steady distributable cash and capital preservation over the long term. We acquire well located, top-tier properties that maintain a strong competitive position in their sub-market. We look for properties that have opportunities in their under-market lease roll, NOI improvement and marginal lease-up gains. The Core strategy targets a 40% or lower LTV in year two that provides a minimum 6% operating cash flow contribution. In the Core Platform there is less reliance on the Terminal Value with the Current Return generally comprising 60% to 70% of the targeted Total Return. Investments are expected to provide a 10% or greater Net Investor Return.
Looking for well-balanced property fundamentals including strong competitive position, retailer demand and rent growth.
Maximum of 40% of the original acquisition cost for institutional quality.
Targeting current return component of 60% to 70% of total return.
Focused on large US markets with more than 200,000 persons and other selective dynamic markets with strong growth forecasts.
Invest only into institutional quality assets..