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Our Acquisition Criteria 2017-12-01T11:13:31+00:00

Acquisition Criteria

Throughout its history as a long term investor, Richards & Robbins has excelled at identifying unique real-estate opportunities that produce healthy returns over long periods of time. The Company has the ability to assume existing debt, leverage new acquisitions, or purchase “all cash”, depending on the situation.

Commercial / Industrial & Apartment Acquisition Criteria

Commercial/Industrial

The investment preferences for commercial/industrial/flex acquisitions include:

  • Traditionally strong market locations for commerce with access to major highways, preferably in North and Central New Jersey, and the New York metropolitan area
  • Multi-tenanted flex buildings, multi or single-tenanted warehouse/industrial and office buildings, including multi-floor/multi-tenanted buildings, and multi-building corporate campuses.
  • Minimum of 25,000 square feet
  • Minimum 18-foot clear height ceiling under steel (ceiling heights dependent on typical building unit size, if multi tenanted)
  • Modern, fully-sprinklered buildings with the ability to divide into multi-tenant units
  • Net Net Net leased properties

Apartment

The investment preferences for multi-family apartment acquisitions include:

  • Strong demographic market locations with populations greater than 500,000
  • Residential markets with strong upside potential for population and employment growth
  • Strong focus on locations in the Southeast United States
  • Constructed in 1995 or newer
  • Minimum of 175 units
  • Block, brick or stucco exteriors and pitched roofs