Blackwater seeks to acquire and develop high-quality neighborhood and community shopping centers in a variety of formats and settings, including primary, secondary, and tertiary markets that exhibit supply constraints and strong growth fundamentals, ranging from urban mixed-use properties to suburban groceryanchored retail centers. With our experienced team, we are positioned to respond quickly, find innovative solutions and complete complex transactions, with a hands-on approach in each stage of the process, ensuring a timely, seamless closing.
Investment overview: To acquire value-add and opportunistic assets that can be purchased below replacement costs with in-place cash flow, growing market rents, and that display operational and physical repositioning opportunities
Asset Class: Value-Add Retail
Type: Anchored Community, Neighborhood, Infill power shopping center, Single-Tenant Net Lease Assets, and Malls
Location: In densely populated, well located areas with close proximity to retail & workplace hubs that demonstrate opportunistic and value-add potential in our target markets
Geographic Preference: Primary focus on the Southeast and Mid-Atlantic markets including: Alabama, Arkansas, Florida, Georgia, Mississippi, Louisiana, North Carolina, South Carolina, Tennessee, Texas, and Virginia.
Transaction Size: Up to $25 Million
In addition to the above criteria, Blackwater also evaluates joint venture opportunities where the current owner/developer is in need of equity to finish a project or recapitalize an existing asset.
Submission Information: Property Description and photos, Site Plan, Rent Roll reflecting rent escalations, renewal options and tenant expense obligation, Trailing 12 month and historical operating statements, Co-tenancy provisions, Demographic reports, Existing loan information, including loan balance, type of loan structure, interest rate, pre-payment or lock-in provisions, cost of loan assumption.
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