Geographic Area - Katz Properties focuses on acquisitions in the Northeast and Mid-Atlantic regions, primarily focusing in and around major market places.
Price - Properties priced between $3,000,000 and $50,000,000
Property Classification - Retail strip, neighborhood, community and regional shopping centers. Office properties are also considered.
Katz Properties invests in two types of property:
- "Stabilized" properties that are currently fully leased, which makes them immediate income producers.
- "Added-Value" transactions: these are properties that require renovation and/or additional leasing.
Katz Properties is interested in acquiring retail properties with the following characteristics:
- 25,000 SF or more
- Good market placement, infill locations
- Anchored, unanchored, local or regional tenant base
- Yields exceeding 7% (unleveraged) in the first year with upside potential for future years
- Yields meeting or exceeding 9% for properties with limited upside potential
Katz Properties is interested in acquiring Office properties with the following characteristics:
- 50,000 SF or more
- Office / flex, office buildings, and corporate campus properties
- Middle market placement or better - no lower end properties will be considered
- Yields exceeding 7% in the first year with upside potential for future years
- Yields meeting or exceeding 9% for properties with limited upside potential
- Yields for renovation, lease up or turnaround deals will be considered case by case with a focus on future value and high IRR expectations.