East Coast – Distressed/Value-Add Grocery Anchored Shopping Center Opportunity

July 19, 2018

As exclusive advisor, we are seeking $50 Million of Programmatic Joint Venture Equity to acquire distressed / heavily value-add neighborhood and grocery anchored shopping centers in secondary and tertiary markets on the East Coast.

 

Key Highlights

  • The Sponsor has two investments identified to seed the venture which requires $8 million of Joint Venture Equity.
  • Sponsor is an East Coast based retail owner/developer who has acquired and redeveloped nearly $500 million of retail properties along the East Coast with an average IRR of over 25% per investment.
  • Average equity investment per deal ranges from $2 – 5 million, below institutional investor appetite.
  • The Sponsor’s business plan includes acquiring neighborhood and grocery anchored shopping centers at a discount and using their value-add expertise to unlock value for investors.
  • The Returns are projected to approximate a risk-adjusted 2X+ Equity Multiple and a 25%+ IRR.

 

For more information, please contact:

Michael Campbell – Partner                    mjc@carltongroup.com      (212) 716-5611

Steve Fenster – Managing Director       sef@carltongroup.com        (212) 716-5614

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East Coast – Distressed/Value-Add Grocery Anchored Shopping Center Opportunity