Some of the Characteristics we look for:

• Location:
  • Generally we prefer one of the "Top Ten States" that we have identified as the best states for Real Estate Investment.
  • We also use the term "Meds & Eds" - locations that are near major medical facilities or major universities.
  • Class "A" & "B" properties - generally refer to the quality of construction, however the higher quality properties are generally located in the high demand, better locations, within the local market.
  • We do not focus on the primary markets, as they tend to be higher priced, instead we look to the secondary and tertiary markets, where higher Cap Rates can still be found.
  • The most desired locations within the local market.
  • Shadow Anchored locations.  (Malls, Wal-Mart, Target, Super-market shopping centers)
• Property Type: (No Multi-Family)
  • Retail
    • Multi-Tenant
    • Single Tenant with long term leases
• Tenants:
  • Investment Grade - Credit Tenants
  • National Publicly Traded, Corporate tenants
  • National Private Tenants
  • Regional Tenants
  • National Franchises, with strong franchisee guarantee
  • Limited Local Tenants
  • Limited Local Restaurant Tenants
• Leases:
  • Triple Net Leases (NNN)
  • Absolute Triple Net Leases (NNN)
  • Absolute Double Net Leases (NN)
• Generally:
  • Priced at an 7% "In Place" Cap Rate or Better
  • Current rents are at or below market rates
  • Properties are near or fully rented
  • Lease expiration's are spread out
  • Current Leases have rent escalations, either annually or every 5 years

We look at all these factors with the goal of maximizing predictability and minimizing the investment risk!