Office acquisitions guidelines
Geographic Guidelines
Primary Markets
- Boston, MA
- Fairfield County, CT
- Long Island, NY
- Manhattan, NY
- Northern NJ
- Washington, DC/Northern VA/Montgomery County, MD
- Westchester County, NY
Secondary Markets
- Chicago, IL
- Los Angeles, CA
- San Francisco, CA
- Southeast FL
- Philadelphia, PA
Property Type
- Class A/B with Class A Location
- Single Asset or Portfolios (operating companies)
- Existing property only (no development)
- CBD or suburban locations near strong downtowns and mass transit
- Multi-tenanted property only
- $25 MM minimum purchase price; no maximum size
- Value enhancement, turn-around, and redevelopment opportunities
- Well-leased core and core-plus institutional asset
- No age limitations
- Concentrations of 250K square feet per market
Acquisition Type
- All cash or with financing
- Work-outs
- Purchase of debt
- Fee simple and leasehold interests
- Partnership interests with or without management control
