2009 Acquisition Criteria
Goal
To purchase $200 million of retail and mixed-use development opportunities focused on Brownfields, redevelopment, and urban in-fill projects.
Investment Focus
-Fee ownership of existing Class “A” Retail Neighborhood, Community and Power Centers, fully leased, partially leased and partially leased and constructed.
-Purchase of First Trust Deed positions of existing Class “A” Retail Neighborhood, Community and Power Centers which are fully leased, partially leased and partially leased and constructed.
Investment Levels
Number of Assets: Single Assets or Multiple Assets in a Portfolio
Size: 75,000 to 750,000 square feet
Value: $10,000.000 to $125,000,000 in current value
Geography
Westrust is looking for opportunities throughout the Western United Stated including California, Arizona, Oregon, Washington and Nevada. If you draw a line from Seattle to Tucson, Westrust would be interested in properties west of that line. Other Midwest Areas are subject to consideration if the opportunity is large enough and is a debt purchase.
Financing
Westrust closes all acquisitions for cash and does not require financing contingencies.
Escrow Periods
For investment properties, we need 30 days for feasibility studies and will close within 45 days. Escrows for development projects will vary with property specifics.
Commissions
Westrust does not represent ourselves in acquisitions and always recognizes procuring brokers through the execution of registration agreements.
Forward all acquisition submittals to:
Ricardo Capretta
WESTRUST
580 California Street,
Suite 1700
San Francisco, CA 94104
415-489-1703
rcapretta@westrust.com
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