Acquisition Criteria
Have a Property to Sell?Acquisition Criteria
Our Product Types
Lichter Realty, Inc. seeks to acquire properties of the following product types:
- Commercial
- Industrial
- Office
- Flex
- Mixed-Use
Our Typical Locations
Lichter Realty, Inc. seeks to acquire properties with locations that have the following characteristics:
- a Location ON (or VISIBLE FROM) a Main Street or an Expressway
- an Immediate Proximity to an Expressway
- a Dense, Urban Location with Strong Demographics in the Local Area
- an Immediate Proximity to Public Transportation (i.e. Metra, CTA ‘L’)
- a Strong Visibility (i.e. Frontage, Signage, Special Vantage Points)
Our Size Range
Lichter Realty, Inc. seeks to acquire properties in the size range of 10,000 – 100,000 square feet; and, favors properties that easily demise into multiple rental units in the size range of 3,000-30,000 square feet.
Our Ideal Deals
Lichter Realty, Inc. seeks to acquire properties through deals that typically have one or more of the following components:
- Financially Distressed Assets (or REO Assets)
- Structurally Distressed or Vacant Buildings
- Value-Add Potential
- Sale-Lease-Back Agreements with Owner-Occupants
- Adaptive Re-Use Potential
- Strong CAP Rates (10-15%)
- Aging Ownership seeking Retirement
- Aging Partnership seeking Disposition
Furthermore, Lichter Realty, Inc. tends to finds itself in one of two types of deals: (1) acquiring a property with existing buildings in need of major renovations, remodeling, restructuring of debt and equity, re-tenanting, repositioning of a property for higher and better uses (through re-zoning or new marketing), and/or lots of maintenance; or, (2) acquiring a stabilized (or mostly stabilized) asset with a strong CAP rate and strong up-side in the near future based on new management and/or a rapidly developing area.