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Benchmark Opportunity Partners, LLC (“Benchmark”) is looking to acquire neighborhood and community shopping centers throughout the United States. Benchmark is a private investment group with a streamlined analysis and investment program. Benchmark seeks fundamentally sound real estate that can be acquired at a compelling basis providing a competitive advantage and can benefit from value add execution that stabilizes a transitional or sub-optimal income stream while enhancing the physical attributes of the asset. Primary acquisition criteria are as follows:
• Type: Neighborhood and community shopping centers. • Targeted Investment Size: $6 million to $20 million. • Preferred Markets: Central and Western United States (west of the Mississippi) and Florida. • Market Sizes: Primary, secondary and tertiary markets will be considered. • Yield Targets: 12% (leveraged) and above. Dependent upon risk. • Capital/Structure: Private capital with no committees involved. • Maximum Leverage: 60% debt. • Risk Levels: Benchmark’s ideal investment will have some upside opportunity. This can vary from contractual rent growth over time, improved leasing, lease-up of existing vacancy and/or complete redevelopment. As stated above, Benchmark’s targeted returns will vary in keeping with the risk of the particular transaction. Summary: Benchmark is an opportunistic acquisition firm that can move quickly and creatively for the right opportunities. Benchmark (and our predecessor companies) has a long history of acquisitions and investments. For further information:
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