Copeland Commercial can be very creative with ownership structures. We will provide a significant co-investment along side our investors and/or partners in every transaction.
Preference for GAV of $10 to $40 MM for individual assets. No maximum on portfolios.
Prefer value-added deals requiring lease-up, renovation, re-positioning, at discount to replacement cost. We will also consider buildings facing major lease rollover and will acquire sale-leasebacks with local credits.
Preference for moderate debt levels and will consider assuming existing debt.
Anticipated hold period for most assets is 2-4 years.
Prefer bulk, office/warehouse and shallow bay industrial product. Product age is not as critical as product functionality. "In-fill" type locations servicing large population centers are preferred, but value add opportunities in secondary or emerging markets will be considered.
The yield requirements vary based upon tenant credit, location, rent increments, lease terms, physical attributes, and will be commensurate with market conditions.
Prefer individual properties and portfolios that have upside potential in existing leases and/or future leasing opportunities; can take leasing risk.