Phillips Edison & Company



Successful Acquisitions with Upside Potential

Following are examples of our transactions and the unique issues facing each property at the time of purchase.

Portfolio Purchase

  • Sixty  shopping centers in 16 states
  • 5.5 million square feet
  • Secondary and tertiary markets
  • Complex financial structure
  • Portion of portfolio with environmental issues
  • Multiple closings

Portfolio Purchase
Southeastern U.S.

  • Seven shopping centers in six states
  • 935,623 square feet
  • $47 million transaction
  • Low occupancy levels
  • Wal-Mart uncertainty
  • Upside potential through intensive leasing
  • Repositioning/redevelopment of big boxes

PORTFOLIO PURCHASE
ALABAMA

  • Three shopping centers
  • 450,171 square feet
  • $39.8 million transaction
  • Anchor uncertainty
  • Difficult vacancy
  • 30-day due diligence

Pipestone Plaza
Benton Harbor, Michigan

  • 175,480 square feet
  • 31% occupied
  • Majority of vacant space ( 95,000 sf) located in old K-mart box
  • 30-day due diligence
  • Encroachment and survey issues