Acquisition Criteria

LBG is aggressively pursuing acquisitions of properties with the following characteristics:

Acquisition Size
  • $5 million to $50 million
Property Characteristics
  • Class A, B, C
  • Value add opportunities
  • Vacant properties
  • Core plus assets
Geographic Target Areas
  • United States
Market Types
  • Major metropolitan markets
  • Infill sub-markets
  • Primary and secondary markets
  • Coastal markets
  • Strong population and economic growth
  • Diverse economic base
  • Physical and legal barriers to entry
Property Types
  • Shopping centers (grocery anchored, regional, power, neighborhood, community, lifestyle, specialty)
  • Regional malls
  • Single tenant NNN
  • Sale-leasebacks
  • New construction and renovations (with appropriate level of pre-leasing; typically all anchors and minimum 50% of shops and pads)
  • Un-anchored / shadow anchored
  • Portfolios that include retail assets
Submittal Criteria
  • Location and size of property
  • Operating statement for property (pro forma is acceptable)
  • Current rent roll
  • Anchor tenant sales (if available)
  • Site plan (with parking count)
  • Trade area demographics
  • Trade area description
  • Traffic counts
  • Area map
  • Competition map (if available)