Location: Northeast & Southeast
Size:50,000 square feet or larger; EVP will consider portfolios of all sizes
Price:$5,000,000 to $50,000,000
Cap Rate: 7.50% +
Financing:All Cash or will structure to meet Seller’s needs
Core: If a CRE investment portfolio was a building, Core investments would be the foundation. Acquiring Core properties direct from developers looking to recapitalize is one of EVP's strengths. EVP moves quickly through the due diligence process, leveraging its experience and resources to meet developers needs.
Core-plus: Core-plus is where EVP shines, leveraging its fully integrated platform, diligently moving from LOI to contract, through due diligence to closing. Once a property is part of EVP's portfolio its managed by EVP’s in-house property and asset management teams, who leverage their national / regional tenant relationships to quickly convert a Core-plus property back to Core.
EVP’s core competency involves the acquisition of existing properties that are undervalued, underperforming, lack professional management or need to be repositioned. These assets have significant upside and are commonly referred to as “value-add” projects. Our strong tenant relationships and institutional management approach combined with our capital strength allow us to reposition assets quickly and efficiently. Our typical transaction involves a motivated seller with issues including but not limited to the following: expiring debt, partnership dissolutions, divestiture of non-core assets, an anchor tenant vacating or liquidity concerns. Accordingly, EVP’s advantage includes the ability to close all cash or creatively structure the transaction to meet the Seller’s needs.
Redevelopment: EVP’s redevelopment program focuses on repositioning existing shopping centers in order to accommodate today’s tenant’s needs. Through the modification and reconfiguration of existing centers, EVP is able to revitalize distressed assets, attract quality tenants, and create synergy in a previously distressed area. As a result, the community surrounding the center thrives and the municipality benefits from the increased tax base.
Joint Ventures: On a selective basis, EVP is willing to enter into a joint venture partnership whereby EVP contributes equity to a qualified sponsor for new acquisitions, new developments, or a recapitalization. These transactions can be structured as a joint venture or other method to facilitate the transaction.
Prepare 4 VC operates a startup consulting and advisory practice, a global community and an accelerator program that serves as a trusted resource for all EVP startups and investors.
Cambridge Capital Advisors (CCA) is a commercial real estate firm that provides strategic brokerage and consulting services to both private and institutional clients throughout the country on the acquisition and disposition of investment properties. CCA serves as a strategic partner for real estate transactions.
EQX is a micro VC fund investing in early stage technology, healthcare and consumer product ventures. EQX Fund is proud to partner with Boston Harbor Angels the third largest U.S Angel group. This is a unique opportunity open to all EVP investor members.
We have teamed up with Millennium Trust to allow investors to use their self-directed IRAs to invest tax-free in our opportunities.