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