Our investment strategy has been to target undervalued assets that have importance in their respective trade areas.  For all asset classes may it be retail, office, flex, industrial, or multi-family we are guided by fundamental real estate principles such as high traffic counts, below market rents, lower purchase prices per square foot, and a competitive advantage the property has in its respective communities.  We seek to capture and add value thru capital expenditure, re-positioning the asset, leasing, and operating the asset with a hands-on approach and a lean management style. We have a long-term outlook and tend to hold our properties for many years. 

 

A few questions we ask ourselves when evaluating an acquisition is: what is the role and importance of that property to a particular neighborhood? Is it the best located and is it highly visible? How does future development and current development impact the assets’ importance in a neighborhood? Can the asset be operated more efficiently and marketed better with an aggressive approach? 

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In the early and mid 2000s, we were focused primarily on office properties and mobile home parks. Post the Great Financial Crisis, we were focused on single tenant retail and multi-tenant retail. We acquired dollar stores, pharmacies, shadow anchored shopping centers throughout the MidWest due to the strong yields. In the past few years, we have now focused our efforts to acquire office buildings and retail centers in Central and Eastern PA. Post covid and the current inflationary environment, we specifically are targeting neighborhood retail centers that offer lower rental rates and can be operated more efficiently given our hands on approach. 

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As the world of commercial real estate evolves, we will continue to evolve and shift our investment strategy. However, underlying real estate fundamentals will always  guide our acquisition criteria.