ACQUISITION & DEVELOPMENT CRITERIA

Acquisition Criteria

Charter is an investment company which owns, manages and develops retail and mixed-use properties throughout the Eastern United States.

Charter Realty & Development as principal is seeking to acquire properties meeting the following criteria to add to its portfolio.

• Strategy:

Acquire retail properties with value added potential through development, renovation, expansion, and re-tenanting.

• Typical Value Added Components Normally Considered:

  • Distressed/ poorly managed/ poorly leased/ undercapitalized assets
  • Environmental distress
  • Below replacement cost
  • Short term lease rollover exposure
  • Ability to reset below market rents
  • Motivated Sellers
  • Portfolio Sales

   

• Type of Property:

Grocery Anchored Neighborhood Strip Centers, Community Centers and Mixed-use Properties.

• Minimum Size:

50,000 square feet

• Geographic Area:

East Coast of United States

• Investment Structure:

Depending on the nature of the deal Charter will acquire:  all cash; above mortgage; joint ventures with existing owner; or tax deferred type transactions involving master leases/ground leases or other creative solutions.

• Submission Should Include

  • Location and Physical Address
  • Physical Description
  • Map and Description of Area
  • Traffic Count Information
  • Site Plan/Survey
  • Detailed Rent Roll
  • Historical and Current Operation Statements
  • Photographs (including aerials if available)
  • Tenant Sales History
  • Current Demographic Report
  • Environmental Reports

   

Ground Up Development Criteria

• Strategy:

Main & Main infill development opportunities, adaptive re-use of underutilized properties, peripheral development sites in emerging retail markets.

 

• Type of Property:

Neighborhood Shopping Centers & Free-standing Retail Sites

 

• Land Area:

1-50 Acres

 

• Geographic Area:

Northeast & Mid-Atlantic States

 

• Submission Should Include:

Property Boundary and Topographic Survey (if available), Assessor's Tax Maps, Property Cards, Utility Information

 

• Investment Structure:

Depending upon return of deal, Charter will acquire its development sites all cash; joint venture with existing owners; or tax deferred type transactions

Contact

Member of
International Council
of Shopping Centers

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