Consider all assets within respective Midwest city MSA
Less than 3 miles from interchange
Within established business park
Submarket that is less than 10% vacancy rate
50,000 to 500,000 square feet
Properties outside preferred range may be considered on case-by-case basis
Must be freestanding structures (no condos or TIC arrangements) & independent properties
$2 million to $100 million
Properties outside preferred price range may be considered on case-by-case basis
Value-Add and Opportunistic
B and C grade property preference including under-performing, bulk distribution, light manufacturing, “flex” properties, properties with low to medium occupancy, deferred maintenance, & high expense profiles, etc.
Class A and B bulk distribution and light manufacturing buildings located close to major transportation hubs
Preference given to stable properties or portfolios with high occupancy, low short-term rollover and/or excess land for expansion
Typically prefer Net or Absolute Net lease structures with 1-3 year or 7-10 year term lengths.