Investment Criteria

Retail Investment Criteria

  • Location: Across the United States, primarily in secondary and tertiary markets, and Puerto Rico
  • Density: Minimum 30,000 people in 3 miles with $40,000 median household incomes
  • Size: 70,000 square feet or larger (will consider smaller opportunities locally in the Tri-State region or in markets in which we already have a presence)
  • Price: $3,000,000 to $200,000,000+ (individual assets or portfolios)
  • Profile: Potential for significant value-creation through existing vacancy, redevelopment/repositioning, anticipated vacancy, co-tenancy or credit risk, or other distressed issues
  • Purchase: Lamar will acquire properties through fee simple, note purchase, foreclosures, short sales, etc. and has the ability to close all cash in the right circumstances

Local Investment Criteria

  • Lamar is actively seeking development opportunities in the tri-state region
  • Self-storage and multi-family (ground-up or re-development)
  • Single tenant retail build to suit
  • Will consider all opportunities regardless of size in Northern New Jersey

Submission Criteria

  • Current and historical operating statements
  • Any existing loan information
  • Rent roll
  • Site plan
  • Location maps and photos
  • Sales reports (if available)
  • Competition map (if available)
  • Near-term capital needs (roof, parking lot, etc.)

For more information contact
Frank Maresca
Senior Vice President, Acquisitions