They have recently closed on two acquisitions and are excited to announce they have entered the Indianapolis and Cincinnati MSA’s, with two additional closings scheduled before year-end. They are actively targeting deals with a target price of $25-30M per asset over the next 12 months to add to their portfolio.

Further Breakdown
•Unanchored multi-tenant neighborhood and/or well-located retail
•10,000 – 50,000 SF
•$4M - $50M
•Stabilized or light value-add

The top markets include: Atlanta, Dallas, Phoenix, Tampa, Orlando, Palm Beach, Charlotte, Raleigh and they're focused on major cities. This buyer will look at anything nationwide that fits their criteria. For multi-tenant this buyer will review deals from 5.5% - 7.5%. This is all driven by the market, the fundamentals of each asset, etc. Sub 5.5% stabilized, otherwise they won't be able to be competitive.

In addition to the criteria above for this buyer, he's also interested in targeting high across the entire United States. This buyer likes to have established local tenants. It's quality portfolios and companies, with similar fundamentals as outlined in the criteria you already have, including those where a portion is composed of other asset types ( mixed use, grocery, power, among others). Investments will be considered preferred that the tenants be at or below market rents and they like a minimum 5 year operating history. Also, they will consider loan assumptions. The locations of interest are preferred to have a dense neighborhood population, like a hospital system, university, or a primary office campus nearby. And they like high traffic counts along with robust household incomes in the immediate trade area. They desire markets with economic stability including top 50 MSA's, select college towns, or established tourist areas.