Size

As a general rule 1,000 sqm and up, because of ease of management at scale.  No shared/co-ownership.

 

Price

8-10% on existing income/NOI is baseline. Variations on the theme are considered depending on the quality of the asset, strategy and location.

 

Hidden value

Generally value-add opportunities are considered where the entry price is low and we can then utilize asset management skills to bring it up to its full potential. However, if the price is right, stabilized can also be an option.

 

Tenants

Expectation of some credit tenants with limited near-term rollover is preferable, though the quality of tenants should be AA or AAA.

 

Financing

The asset has to be financeable.