INVESTMENT CRITERIA

Investment Criteria Investment Criteria shadow

PROPERTY TYPE

First Washington seeks to invest in high quality retail properties located in major metropolitan areas throughout the United States.  Supermarket and/or drug store anchored shopping centers in densely populated trade areas are preferred. Core or value-added opportunities and unanchored shopping centers in supply-constrained markets are also considered.

PROPERTY CHARACTERISTICS

  • Strong tenant sales
  • In-fill locations with significant barriers to entry
  • Medium to high population and income demographics
  • High traffic roadways and intersections
  • Necessity based retail properties
     

GEOGRAPHIC FOCUS

Target markets include all major metropolitan areas throughout the United States with CMSA populations generally in excess of 1 million.

TRANSACTION SIZE

  • $10 million+ (no maximum)
  • Individual properties or portfolio purchases
     

INVESTMENT STRUCTURE

  • All cash buyer with no financing contingencies
  • Will acquire properties subject to existing debt
  • Experienced due diligence team
  • 30-day closings
  • Joint ventures, mezzanine loans, preferred equity or any other structure that provides an opportunity to invest in quality retail properties.
     

SUBMISSION INFORMATION

  • Detailed rent roll
  • Site plan/survey
  • 3-year operating income/expense statements
  • Tenant sales history
  • Cash flow projections
  • Debt information, if applicable
  • Area demographics/aerial photographs
  • Argus run
     

CONTACT

Joshua M. Brown
Old Parkland
3889 Maple Avenue
6th floor
Dallas,Tx 75219
214-238-4019-O
214-725-0460-C
jbrown@firstwash.com

Bobby Rassuli
brassuli@firstwash.com
Office - 301-951-4909
Cell - 240-429-7103