Acquisitions & Development

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:

Acquisition 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

Contact:

Paul Brandes – Principal
Charter Realty & Development Corp.
75 Holly Hill Lane – Suite 305
Greenwich, CT 06830
Phone: (203) 689-7000
Email: psb@chartweb.com