Charter Realty & Development Corp. is an investment company which owns, manages and develops retail and mixed-use properties throughout the East Coast of the United States.
Charter is seeking to acquire properties to add to its portfolio that meet the criteria:
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: Urban/Downtown Retail Stores, Grocery Anchored Neighborhood Strip Centers, Community Centers and Mixed-use Properties.
Geographic Area: East Coast of United States
Investment Structure: Depending on the nature of the deal, Charter will acquire: all cash; all cash above existing 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/Leasing Plan
- Detailed Rent Roll
- Historical and Current Operation Statements
- Photographs (including aerials if available)
- Tenant Sales History
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
Geographic Area: East Coast of the United 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
Paul Brandes – Principal
Charter Realty & Development Corp.
75 Holly Hill Lane – Suite 305
Greenwich, CT 06830
Phone: (203) 689-7000