SPECIAL ACQUISITION CRITERIA
In addition to our standard acquisition criteria, this year NetCo Investments, Inc. has also been allocated a portion of a family office’s required deployment of capital from a sale of an operating company. All capital from the sale MUST be placed in 2022. Therefore, an urgent need is in place for the following:
Property Type
- Anchored neighborhood and community shopping centers (preference for owning the anchor tenants)
- Regional malls and regional shopping centers in need of repositioning or redevelopment
Location
- States west of the Mississippi will be considered with preference to California and Texas
- Will consider secondary markets. Tertiary markets will only be considered if investment size and class are met
Investment Size
- $20 million minimum – No maximum
Investment Class
- Core-plus, stabilized market dominant shopping centers
- Value-add shopping centers offering upside with repositioning, lease up, redevelopment, break up strategy, pad development
- Underperforming or distressed shopping centers including foreclosure by lender
- Shopping centers requiring major capital expenditure for redevelopment and/or reconfiguration of the property
