Acquisition Goals For 2010
Westwood Financial Corp. is currently seeking to invest $200 million dollars into value-oriented and/or stabilized retail investment projects in 2010.
Acquisition Criteria:
- Investment Size: $5 million to $50 million
- Neighborhood, Community, Lifestyle and Specialty Retail Centers
- Supply-Side Restrictions/High Barriers to Entry: Locations that are hard to replicate
- Strong Demographics: Dense urban-infill or high population growth markets
- Dominant Grocery Stores: #1 or # 2 in local market
- Stable, High-Quality Tenancy: Daily necessity and convenience shopping
- Metropolitan areas within California, Arizona, Oregon, New Mexico, Colorado, Kansas, Texas, Florida, Illinois, Missouri, Nevada, Georgia and Washington
Why sell to WFC?
- 39-year track record
- Quick Close: Can complete due diligence in 10-20 days and close in less than 30 days
- Can pay all cash or assume existing financing
- Ability to handle complicated deal structures such as acquiring partnership interests or joint venture structures where sellers or developers want to retain an equity interest
- Quick Decisions: No outside approval required from investment committees or board of directors
- Ability to overcome challenging issues such as environmental problems, development issues, deferred maintenance, retenanting, etc
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