Qualifications:
- 50-year track record of buying and building shopping centers
- Company equity provides the necessary capital with no outside partners requiring approval
- Close all cash with no financing contingencies or assume existing financing
- Complete due diligence within 30 days and close within 15 days thereafter
- Extensive banking relationships for long-term and short-term financing needs
- Function as a vertical operation by performing all service lines in-house
Criteria:
- Investment Range: $5,000,000 – $35,000,000
- Property Type: Community, neighborhood, mixed-use and single-tenant properties
- Locations: High traffic intersections in urban infill or high income/growth suburbs
- Markets: Dallas-Fort Worth, Oklahoma City, Austin, San Antonio, Houston
Strategy:
- Long-term hold and low leverage philosophy
- Acquire infill shopping centers as long-term holds
- Acquire value-add shopping centers with focus on repositioning through redevelopment, leasing and management
- Acquire assets with leasing/vacancy challenges, environmental problems, physical/structural problems, debt assumption requirements
- Redevelop properties for mixed-use
Dispositions:
- JAH Realty regularly and selectively reviews its portfolio and will transact with buyers in specific situations