Acquisition

Acquisition Criteria

We buy buildings at an inflection point: properties where the current use no longer works and the next chapter hasn’t been defined yet. We’re comfortable underwriting vacancy, deferred capital, incomplete information, and complex entitlements, and we pursue both brokered and off-market opportunities nationwide.

Situations

  • Fully or majority vacant buildings

  • Anchor-tenant majority occupancy with near-term rollover

  • Leased buildings where tenants are not fully using their space

  • Distressed sales, including lender-owned, receivership, and foreclosure

Product Type

  • Class A, B, and C Office

  • Class B and C retail and industrial

  • Low-rise and high-rise buildings, 80,000 square feet and above

  • Historic and older buildings, including those eligible for historic designation

Business Plans

  • Office to residential

  • Office to hotel

  • Office to self-storage

  • Adaptive reuse of retail and other commercial buildings

  • New development on excess land and surface parking