REAL ESTATE ASSETS
Hotel Assets Criteria I:
Price Range: $100‑$200 million per hotel
- Number of keys is unimportant
- Prefers no debt
- Existing, recently built hotels that have been open and operating a minimum of one year
- No land, no conversion projects, or hotel development — only recently built or newly finished operating hotels
- Age maximum 15 years
- 50 % resort hotels / 50 % urban hotels
- 7 % cap rate preferable
- Value‑add potential
- Flag hotels (Hilton, Marriott) as well as independent hotels
- Location: Nationwide
.png)
Hotel Assets Criteria II:
- Service Orientation: Select‑service, Extended‑stay; primarily rooms‑focused hotels
- Investment Types: Primarily core / yield‑focused investments
- Chain Scale: Upper‑midscale and Upscale
- Brand Families: Hilton, Marriott, Hyatt
- Brands: AC, Courtyard, Element, Fairfield Inn, Home2 Suites, Hilton Garden Inn, Hampton Inn, Embassy Suites, Hyatt House, Hyatt Place, Homewood Suites, Moxy, Residence Inn, SpringHill Suites, Tapestry, Tempo, Motto
- Key Count: 100+ keys
- RevPAR: $115+ RevPAR
- Age: 10 years and younger (unless Central Business District or conversion); ideally less
- Existing and to‑be‑built properties—construction take‑outs can be considered
- Markets: All U.S. primary & secondary markets; select tertiary markets depending on fundamentals (except New York)
- Other considerations: Fee simple; Non‑prototypical builds; 100 % ownership interest; Unencumbered of debt & management
Industrial Warehouses Criteria:
Type: Class B Properties
Square Footage: 150,000 SF – 350,000 SF
Location: Golden Triangle Areas (North East, Mid‑Atlantic, South East)
Price Range: No set price range
Self‑Storage Warehouses Criteria:
Type: Class A or Class B Properties
Location: Populated areas—North East, South East, South West
Portfolio Size: Prefer sites to be retail oriented rather than tucked away in an old Industrial Park
- Retail‑oriented sites preferred over locations tucked away in old industrial parks
- Traffic counts in excess of 35,000 vehicles daily (preferred but not mandatory)
- 50,000 population within a 3‑mile radius (preferred but not mandatory)
- Enclosed climate‑controlled units preferred over drive‑up
- Nearby retail, residential, and employment centers with good visibility & access from primary roads
- If high barrier to entry or locally enforced moratorium on new competitive product greatly valued
Minimum $100,000,000 portfolio not more than 50% debt per warehouse
Multi‑Family Homes Criteria:
Type: Class A Properties
Location: Sunbelt areas (Virginia, North Carolina, South Carolina, Florida, Georgia, Texas)
Price Range: $20 million+
- Emerging areas with population growth
- Strong job growth
- Preferably off‑market opportunities
Shopping Centers Criteria:
Type: Class A or Class B Properties (Open‑air / Community retail centers)
Location: Texas (Austin, San Antonio, Houston, Dallas, Fort Worth) & Phoenix, Arizona
Price Range: $20‑$40 million up to $200 million+
- Population of 100,000 within a 3‑mile radius
- $100,000 average household income within a 1‑mile radius
- Anchor tenants in place
- Strong foot traffic
- Value‑add opportunities
Hotel Assets Criteria I content goes here.
Hotel Assets Criteria II content goes here.
Industrial Warehouses Criteria content goes here.
Self-Storage Warehouses Criteria content goes here.
Shopping Centers Criteria content goes here.