Acquisition Criteria
Property Type: Community Centered Properties which we define as visibly located properties in established or developing, culturally diverse neighborhoods. We seek income producing, community oriented retail and office properties with easy access and amenities, with some upside potential.
Location: In densely populated, culturally diverse neighborhoods in suburban infill locations, within our target markets.
Geography: Primarily in and around Phoenix, Chicago, Dallas, San Antonio and Houston MSA's, five of the top 15 markets in the USA in terms of population growth. We may also pursue opportunities in other Southwestern and Western regions that are consistent with our Community Centered Property strategy.
Size: 50,000 - 200,000 SF of owned GLA.
Allocation: $5 million to $30 million.
Tenant Mix: Smaller spaces with tenants that serve the needs of the community.
Value-Add Potential: Vacancy, growing market rents, vacant land to build on, under-managed, renovation potential.
Financing: All cash or operating units, assume existing debt, Joint Venture financing, as well as alternate financing structures.
Contact
Bradford Johnson
Director of Acquisitions and Dispositions
Phone: 713.435.2208
Email: bjohnson@whitestonereit.com