Investment Strategy

Types of Properties

• Anchored-Shopping Centers in dense/infill locations

• Un-Anchored Strip Centers in dense/infill locations

• Urban Buildings with ground-level retail and office or multi-family above in dense/infill/walkable locations

Value Creation Strategy via:

• A relentless focus on sourcing off-market acquisitions with a complicated backstory that likely attracts less interest from competing capital

• An emphasis on creating value and enhancing returns via property-level value creation and hands-on management vs. financial engineering

• Acquiring A+ real estate with below-market rents and/or vacancy whereby income and tenant credit may be enhanced

Downside Protection – emphasis on a low cost acquisition basis and structuring / capitalizing each acquisition conservatively