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INVESTMENT PARAMETERS
Equity Capital Management, LLC ("ECM") is a Chicago-based private real estate equity investor focused on the net lease market throughout the United States. The firm has discretion over the funds it invests and is able to commit to and close transactions quickly.
ECM will acquire fee simple interests, partial interests, or debt positions that may lead to an ownership position in the near-term. ECM is a national source for institutional and non-institutional owners seeking liquidity or replacement properties for their 1031 tax-deferred property exchanges.
ACQUISITION CRITERIA :
ECM makes acquisitions both directly and indirectly through subsidiaries in equity, debt, and preferred equity investments, and participates in certain co-investment structures. The Managers and the Investment Committee will consider the factors set forth below, among others in determining whether a property is a suitable acquisition for RCM. Acquisitions standards may vary from those standards set forth below, on a case by case basis.
- The property should be situated in a location for which demographics indicate a need for such office, industrial, or retail product and in any event in markets (as defined in the applicable appraisal) with populations of approximately 100,000 people in the SMSA. The market should have a stable demographic profile with constraints on supply and a diversified economic base.
- The property should have limited risk of obsolescence and should be adequately parked.
- The property should have good visibility from and access to public thoroughfares.
- The property, when built, represents good quality construction.
- There should be no significant hazardous materials present on the property that are required to be abated under environmental law.
- The property should be a free-standing property or able to be subdivided and sold on a one off basis.
- The tenant should have a credit rating, or shadow rating, of AAA to BB.
- The proposed lease(s) for such property should not contain any materially unusual lease provisions.
- If improvements are completed, the majority of the property should be occupied, and/or the tenant should be paying rent.
- The property should have potential for long-term appreciation.
- The investment should be relatively liquid, with a credible exit strategy.
CONTACTS
For acquisitions contact:
Shelby E. L. Pruett, Managing Principal
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Net Lease Real Estate
Acquisitions
Dispositions