ACQUISITION CRITERIA

MULTI-TENANT RETAIL | $5M - $40M | 7.2 cap or better | 1995 or newer | no debt

Secondary and tertiary markets of moderate growth

Stabilized income with some potential for income growth (CPI, etc.)

Off-market deals, including developments in final lease-up stage are strongly encouraged. Buyer will pay brokerage fees, if necessary.

I look forward to meeting as many of you as possible at the ICSC Convention in Las Vegas.