Acquisitions

Value-Add Properties

Palmstar’s primary focus is the acquisition of existing retail and mixed-use properties in densely populated, high-growth markets throughout the Southeast.  In many cases, these properties may be underperforming and as a result, undervalued. Our strong market knowledge, tenant & broker relationships & financial strength provides the platform necessary to move quickly in order to close on properties and reposition the newly acquired assets in a timely manner.

Criteria

• Location: Southeast U.S.
• Size: 5,000 – 40,000 square feet
• Price: $1,000,000 to $10,000,000
• Cap Rate:  7%-12% depending on the asset & prevailing market conditions

Type of Deals

• Retail Assets – anchored, unanchored or urban street-retail
• Assets in markets with at least 50,000 people within 3 miles
• Priced below replacement cost with potential for future upside
• Projects with excess land or outparcel for potential asset expansion
• Redevelopment and repositioning opportunities
• Seeking ground-up development opportunities for single tenant, net-leased properties (STNL)