I have a Client needing to refill his Portfolio for his investors.
He's looking to invest anywhere from $20mil upwards of $200mil.
Criteria's............
Shopping Centers, Malls, Office Buildings. Medical Building etc.
And possibly a very good Hotel.
He is not to fond about developments. Not unless it's already built and has a cash flow.
Must be clean and in a good location.
Wants a good cap rate. But if the property falls in the 6's and it is a good product (location)
he may consider.
He also will go lower, possibly down to $14mil. As I stated prior, must be desirable.
He would entertain a group of properties, but will turn down tiny mom and pop type style enities.
There will be hardly any contingencys. He has his own money.
Due diligence and feasiblity and he will check performance records.
Will not accept non-refundable deposits deals. He is a serious buyer and
needs the projects presented to come correct.
But other than that, he is open and willing to negotiable.
