Acquisitions

Acquisition Criteria

Pacific Castle is aggressively pursuing acquisitions of properties with the following characteristics:

Acquisition Size and Type
  • $10+ million; (ideally $25 to $50 million)
  • Class A, B
  • Value add opportunities (thru lease-up of vacancy, redevelopment, repositioning)
  • Core plus assets
    • Markets
  • California
  • Western United States
    • Market Types
  • Major metropolitan, gateway markets
  • Primary and secondary infill sub-markets
  • Stable / improving demographics, strong population and economic growth
  • High barriers to entry
    • Property Types
  • Shopping centers (grocery anchored, regional, power, neighborhood, community, lifestyle, specialty)
  • Well located un-anchored / shadow anchored
  • Portfolios of retail assets
    • Submittal Criteria
  • Location and size of property
  • Operating statement for property (pro forma is acceptable)
  • Current rent roll
  • Anchor and other tenants’ gross sales (if available)
  • Site plan (with parking count)
  • Trade area demographics
  • Trade area description
  • Traffic counts
  • Area map
  • Competition map (if available)
    • Please contact:

    Jonathan Chang or Rod Astarabadi