Investment Strategy
Industrial
- Asset Type: Small-Bay, multi-tenant industrial warehouses; Industrial properties with excess land and/or outdoor storage capabilities (“IOS”).
- Size: $2-50MM.
- Geography: Colorado Front Range (Fort Collins–Denver–Colorado Springs), but will consider other markets.
- Investment Characteristics: Re-tenanting or vacancy lease-up opportunities; below market rents; renovation and/or development potential. Typically, assets that are not fully stabilized.
- Return Profile: Core-Plus, Value-Add, Opportunistic.
Our primary focus is on multi-tenant, small-bay, and industrial properties with outdoor storage (“IOS”) capabilities. Small-bay warehouses, typically multi-tenant buildings with individual unit sizes less than 5,000 SF, benefit from a diversified rent roll and a deep tenant pool, which minimizes rollover and lease-up risk. IOS properties are extremely supply constrained in urban markets due to high development costs and zoning challenges. This results in high demand from users and “sticky” long-term tenancy who will pay a premium to buy or lease. Both property types tend to be highly fragmented with local ownership and are well positioned to benefit from professional management.
Retail
- Asset Type: Strip centers; Neighborhood/Community Centers; Grocery Anchored.
- Size: $2-20MM.
- Geography: Colorado Front Range (Fort Collins–Denver–Colorado Springs), but will consider other markets.
- Return Profile: Core-Plus, Value-Add, Opportunistic.
- Investment Characteristics: Re-tenanting or vacancy lease-up opportunities; below market rents; renovation and/or development potential; pad developed opportunities. Typically, assets that are not fully stabilized.
Our primary retail focus is on small shop, shadow anchored, and service-oriented retail properties in the $2-10 million price range. We target assets that are in growing submarkets, internet/Amazon resistant, under-managed by current ownership, and can benefit from physical improvements or tactical leasing strategies.