Updated over 9 years ago on . Most recent reply
Commercial property investments in 2nd tier cities?
We are working with several Asian investors (real estate funds) that are actively looking to buy US real estate assets in the next few months. They are looking for operationally mature properties providing stabilized income. No developments.
Type of Asset: commercial (by preference office buildings, retail, mixed used buildings,…) (no hotels)
Location: second-tier cities (e.g. Minneapolis, Philadelphia, Austin, …). Generally located at the major business and/or tourist locations
Budget per deal: minimum 50 million USD (cash)
Requirement: Minimum investment cash yields (cash return on equity) of around 8.0% (post tax and leverage).
Please let me know if you have any suitable properties.