Retail Acquisitions

Core, Core-Plus, Value-Add, Redevelopment, and Joint Ventures

Investment Criteria

Overview

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

TYPE OF DEALS
  • Retail Assets – anchored or unanchored
  • Assets in markets of 25,000 people or greater
  • Priced below replacement cost and potential for future upside
  • Projects with excess land and/or out-parcels
  • Redevelopment and repositioning opportunities
  • Stabilized properties with motivated seller 
  • Assets with expiring debt, co-tenancy issues, vacant anchors, or distressed
SUBMISSION CRITERIA
  • Rent Roll
  • Site Plan
  • Survey
  • Anchor Sales Reports (if available)
  • Current and Historical Operating Statements
  • TICAM Reconciliations 
  • Location Maps
  • Photos (preferably an aerial)
  • Competition Map (if available)

EVP Acquisitions Team

Michael Scanio

Director of Shopping Centers

Andy Kraus

Director of CRE Properties

Jason Kraus

Director of Venture Capital

CORE & CORE-PLUS

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.   

VALUE-ADD PROJECTS

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 & JOINT VENTURES

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.

Recent Acquisitions

Applewood Shopping Center

Seneca (Clemson MSA), SC
Anchor Tenants: Aldi Hobby Lobby PetSmart Dollar Tree Aspen Dental
183,000 Sq ft

Buford Court Commons

Richmond, Virginia, United States

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Partnerships

Prepare4vc

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

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 Fund

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.

Millenium Trust Company

We have teamed up with Millennium Trust to allow investors to use their self-directed IRAs to invest tax-free in our opportunities.