Transactions

Acquisition Criteria

U.S. Realty purchases the full spectrum of commercial real estate property types, including office, warehouse, retail, restaurants, media/entertainment, assisted care, lodging and hotel resorts.

Credit Rating: AAA through unrated

Property Type: General purpose commercial real estate

Office:  Class A and B properties, CBD or suburban locations.

Industrial: Bulk warehouse and distribution properties.

Retail: Free-standing supermarket and/or big box stores.  Also, portfolios of smaller, chain-retail properties (e.g., freestanding restaurants, convenience stores, automotive retailers, limited service hotels).

Transaction Types: Sale-leaseback, acquisition from third parties or build-to-suit. (Development funding for investment-grade tenants; forward commitments to purchase at completion for non-investement-grade tenants.)

Lease Structure: Double-net, triple-net, or bondable lease.

Term: 10 years minimum remaining term (prefer 15 years or longer).

Rents: Initial rents at or below local real estate market; flat for primary term or stepped with periodic fixed increases.  Renewal rents fixed up-front in some cases. 

More complex rent structures can also be tailored to address specific economic, GAAP or other lessee requirements.

Transaction Size: $10 million minimum; $1 billion maximum.

 
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