Acquire small bay warehouses and flex office/industrial products where tenancy is diversified by industry and each tenant makes up a small percentage of the total rent roll (no large users). For a commercial property, this asset type most mimics multifamily investments providing a greater cash yield. Tenant demand for small sized bays typically remains strong during economic growth periods and declines. During economic growth periods, new businesses are formed and as they become more than a side business in a home garage, they will lease a small space. In downturns, existing businesses in larger spaces will need to downsize into smaller facilities. Acquisition focus is within South Florida, Orlando, and Tampa.
Acquire properties with established grocer concepts, providing a strong traffic generator which smaller tenants can benefit from. Target service based inline tenants.
Acquire well located retail strip centers in mature or growing submarkets throughout Florida for service-based tenancy. Within South Florida, focus is on both value-add/opportunistic and stable properties, while around greater Florida, the focus is stabilized.
Acquire properties in urban nodes of South Florida that are either areas undergoing transformation or established markets/corridors, or are on the path of progress. Seek opportunities to renovate and reposition assets/tenancy as well as stabilized properties.