Acquisitions

 

Investment Structure

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. 

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Deal Size

Preference for GAV of $10 to $40 MM for individual assets. No maximum on portfolios.

 

Asset Profile

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. 

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Leverage

Preference for moderate debt levels and will consider assuming existing debt.

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Hold Period

Anticipated hold period for most assets is 2-4 years.

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Property Types

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.  

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Yield Requirements

The yield requirements vary based upon tenant credit, location, rent increments, lease terms, physical attributes, and will be commensurate with market conditions. 

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Lease Term

Prefer individual properties and portfolios that have upside potential in existing leases and/or future leasing opportunities; can take leasing risk.