Value-Add

3-5 Year Hold
Once the re-positioning work and the business issues are fixed, sell the asset and realize the gain.
60-70%
Of the Realized Gain From the Terminal Value
14%
Or Higher Targeted Net Investor Return

Our Value-Add Platform focuses on acquiring high quality and well located properties that are performing below their competitive potential. It is a straight forward process, whereby we: assess the upside, make the acquisition, solve the business issues and then sell the asset. This is generally a three to five year process where following the post acquisition investment, the property can be marketed as a Core property. In this Platform, the Terminal Value generally contributes 60% to 70% of the Total Return. The exit valuation typically benefits from both a significant improvement in the property NOI and an improved exit cap rate realized at sale. We target a 40% to LTV of the NAV after completion of the re-positioning work. The Net Investor Return target is in the mid teens.

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Invest in Dynamic Markets

Focused on large US markets with more than 200,000 persons and other selective dynamic markets with strong growth forecasts.

Solid Trade Area Fundamentals

Looking for well-balanced property fundamentals including strong competitive position, retailer demand and rent growth.

High Quality Assets

We invest in properties that are high-quality but are currently under-performing their potential due to a lack of capital or expertise to upgrade the properties and their tenant mix

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Low Stabilized LTV

We target a stabilized Loan to Value of 40% or lower after the property has completed most of its Fix-it work.