Overview
We are looking for a few quality developers of single tenant or “easy to understand” multi-tenant projects. Our investment partner owns several billion dollars of projects with long term cash flows provided by high quality tenants and is seeking new, compelling investment opportunities.
FOCUS
If you are looking for an investor that is focused on the quality of the tenant and the duration of the income stream that will be created we are the company to contact. If you are developing a project for a tenant we like, then our investment partner will fund 100+% of the total development budget. The + in the last sentence is your developer fee.
What Do We Like:
Seeking projects that generate a long-term, high quality income stream from tenants that are considered “investment grade” by the rating agencies or unrated companies with especially strong audited financials and fundamentals, We are agnostic as to property type. Will entertain: retail, office, warehouse/industrial, data centers, R&D, medical, and renewable energy projects with electricity power purchase agreements. We will also consider municipal / government assets including buildings, administrative offices, schools, master leased student housing, bridges, roads, sewage treatment plants, parks, jails, etc.
Willingness to take speculative risk not backed by a long-term master lease:
There are three areas in which we will take speculative risk not backstopped by the tenant’s credit:
- Grocery anchored retail (e.g. a Publix with 15,000 sf of local/non-credit space)
- Senior Housing: Assisted Living & Memory Care Facilities in locations with exemplary market studies and demographics
- Student housing in locations within walking distance to a 4-year university with 8,000+ students”
Property Locations:
Nationwide with large projects considered in select International markets
Investment Size
$10+ million for stand-alone projects. We can do smaller individual transactions that are part of cookie-cutter platform to deliver same type project to same tenant repeatedly.
Sale / Leasebacks considered:
Yes, seeking off market opportunities not listed by major CRE brokerage shops. We are especially focused on opportunities to acquire a building and do a renovation-to-suit.
Can I stay in the deal as a JV partner?
No. Our investors are looking to step into your shoes and purchase your development rights for a pre-determined price. For projects with especially compelling economics a bonus developer fee paid on achieving profitability milestones can be negotiated.