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Acquisitions

RCG Acquisitions Team

 

Investment Platforms

Value-Add Projects

RCG’s most dominant platform involves the acquisition of existing properties that are undervalued, underperforming, or need to be repositioned. These assets have significant upside, and are commonly referred to as “value-add” projects. Our strong tenant relationships, combined with our capital strength, allow us to reposition assets quickly and efficiently. In addition, our typical transaction involves a motivated seller with issues ranging from expiring debt, partnership dissolutions, divesture of non-core assets, an anchor tenant vacating, or liquidity issues. RCG’s advantage includes the ability to close all cash, assume a loan, or creatively structure the transaction to meet the seller’s needs.

Ground-Up Development/Redevelopment

Ground-up Development: RCG’s ground-up development program focuses on single-tenant and multi-tenant shopping centers. This process involves entitlement of land, development, design, construction, and ultimately the leasing and management of the property. Oftentimes this process is facilitated through existing tenant relationships in which RCG receives market directives and is able to develop projects with a specific tenant in mind, further enhancing relationships.

Redevelopment: RCG’s redevelopment initiative focuses on repositioning existing shopping centers in order to accommodate today’s tenant’s needs. Through the modification and reconfiguration of existing centers, RCG is able to revitalize distressed assets, attract quality tenants, and create synergy in a previously distressed area. As a result, the community surrounding the center thrives and the municipality benefits from the increased tax base.

Joint Ventures

On a selective basis, RCG is willing to enter into a joint venture partnership whereby RCG contributes equity to a qualified sponsor for new acquisitions, new developments, or a recapitalization. These transactions can be structured as a joint venture, mezzanine debt, or other method to facilitate the transaction.

Investment Criteria

Retail

  • Location: The Continental United States
  • Size: 50,000 square feet or larger; RCG will consider portfolios of all sizes
  • Price: $3,000,000 to $50,000,000
  • Financing: All Cash or will structure to meet seller’s needs

Type of Deals

  • Retail Assets – anchored or unanchored
  • Assets in markets of 30,000 people or greater
  • Priced below replacement cost and offer potential for future upside
  • Projects with excess land and/or outparcels
  • Redevelopment and repositioning opportunities
  • Stabilized properties with motivated seller or assuming above market existing debt
  • Assets with expiring debt, co-tenancy issues, vacant anchors, or similar distress
  • Ground-up development and broken developments

Submission Criteria

  • Rent Roll
  • Site Plan
  • Anchor Sales Reports (if available)
  • Current and Historical Operating Statements
  • Any existing Loan Information
  • Location Maps
  • Photos (preferably an aerial)
  • Competition Map (if available)

Recent Acquisitions

  • Nampa Gateway Center
    1206 N Galleria Drive
    Nampa, ID 83687
  • Size
    442,706 SF
  • Major Tenants
    JCPenney, Regal Entertainment Group
  • Westland Town Center
    10425-10755 West Colfax Avenue
    Lakewood, CO 80215
  • Size
    326,607 SF
  • Major Tenants
    Lowe's Home Improvement, Dollar Tree, Sears (not owned)
  • Mill Run Square
    3780-3785 Park Mill Run Drive
    Hilliard, OH 43026
  • Size
    118,161 SF
  • Major Tenants
    Floor and Decor, Arhaus
  • Sparks Crossing
    101 Los Altos Parkway
    Sparks, NV 89436
  • Size
    335,981 SF
  • Major Tenants
    Ross, Bed Bath & Beyond, Cost Plus World Market, Best Buy, Michaels, PetSmart, Ulta, and Dollar Tree
  • Harnett Crossing
    2200 W. Cumberland Street
    Dunn, NC 28334
  • Size
    189,143 SF
  • Major Tenants
    Tractor Supply, Planet Fitness, Ollies Bargain Outlet
  • Sawmill Square
    1635 East Cottonwood St
    Cottonwood, AZ 86326
  • Size
    134,499 SF
  • Major Tenants
    Safeway, OfficeMax, Family Dollar, Davita
  • Shops at Turner Hill
    8200 Mall Parkway
    Lithonia, GA 30038
  • Size
    32,200 SF
  • Major Tenants
    Panera Bread, Edward Jones, Edible Arrangements
  • Turner Hill Marketplace
    2918 Turner Hill Road
    Lithonia, GA 30038
  • Size
    124,975 SF
  • Major Tenants
    Bed Bath and Beyond, Toys "R" Us, Burlington Coat Factory
  • Oak Brook Square
    3192 Linden Road
    Flint, MI 48507
  • Size
    152,073 SF
  • Major Tenants
    TJMaxx, Hobby Lobby, Dollar Tree