OFFICE ACQUISITIONS GUIDELINES
Geographic Guidelines
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Primary Markets
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| Boston, MA |
Manhattan, NY |
Washington, DC/Northern VA/ Montgomery County, MD |
| Fairfield County, CT |
Northern NJ |
| Long Island, NY |
Westchester County, NY |
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Secondary Markets
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| Baltimore, MD |
Indianapolis, IN |
Milwaukee, WI |
| Chicago, IL |
Kansas City, KS/MO |
Philadelphia, PA |
| Cincinnati, OH |
Louisville, KY |
Pittsburgh, PA |
| Cleveland, OH |
Memphis, TN |
Richmond, VA |
| Colombus, OH |
Minneapolis / St. Paul, MN |
St. Louis, MO |
| Denver, CO |
Minneapolis / St. Paul, MN |
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| Detroit, MI |
Miami, FL |
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Property Type
- Class A/B with Class A Location
- Single Asset or Portfolios (operating companies)
- Existing property only (no development)
- CBD or suburban locations near strong downtowns
- Multi-tenanted property only
- $25MM minimum purchase price; no maximum size
- Value enhancement, turn-around, and redevelopment opportunities strongly desired
- Well-leased core and core plus institutional assets considered
- No age limitations
- Concentrations of 250K square feet per market
Acquisition Type
- All cash or with financing
- Work-outs
- Purchase of debt
- Fee simple and leashold interests
- Partnership interests with or without management control
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