Investment Criteria: Office
Product Type: Office
Acquisition or Development: Both
Markets: Major markets with high exit liquidity
Profile: Amstar’s preferred asset quality is a “B” asset in an “A” location, where the ability to add value is clear. The ideal property will be in need of repositioning and/or leasing in infill locations in markets with high barriers to entry.
Hold Periods: 3 to 10 years. Ideal hold periods are 6 years or shorter.
Leverage: 60% to 70%
Deal Size: $40 million to $200 million total capitalization. Ideal equity placement per deal is $25 million.
Structure: 100% ownership. In the case of a major repositioning or in select markets, Amstar will also enter into joint ventures with highly-qualified local real estate operators.
For more information about Office Portfolio Investments: Office@amstargroup.com