ACQUISITION CRITERIA

The members of First National Realty Partners Investment Committee are currently seeking acquisition targets and vetting transactions with the following criteria:

RETAIL

  • Neighborhood & Community Retail Centers
  • Grocery Anchored
  • National Tenants
  • Multi-tenanted
  • Service-based/internet resistant
  • Long-term leases
  • No Pure Power Centers
  • No Regional Malls

INDUSTRIAL

  • Multi-tenanted
  • Core add
  • Long-term leases
  • Close proximity to major roadways

STRATEGY/ISSUES

  • Significant discount to replacement cost
  • Mismanagement
  • Motivated sellers
  • Physical/deferred maintenance
  • High-yield
  • Moderate vacancy (core add)

PROFILE

  • $12.50MM – $200MM
  • Nationwide
  • Nothing below 6 1/2 cap rate (Unless Value Add)
  • Fast growing secondary markets
  • We will not look at: vacant buildings, single tenant deals, land/ground up construction, zero cash flow situations

Although we primarily look at deals within our own criteria, we are not adverse to looking at all types of deals.

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