May 2006 Archives

Coastal Capital Partners Announces New Acquisition Criteria

Coastal Capital Partners, LLC has changed their acquisition criteria. In past years the company has purchased primarily newer, stabilized shopping centers that provide for immediate and stable investment returns. However, Charles Moore states "At current pricing levels, we've found it much more difficult to find product that makes sense in terms of investment fundamentals. Now that interest rates are up, it's even harder to maintain our yield requirements. Our new program will focus on future potential rather than Day One return."

Coastal Capital Partners is now seeking properties in primary and secondary markets in the Southeast with positive growth fundamentals including Alabama, northern and central Florida, Georgia, North Carolina, and South Carolina. Examples would include, but are not limited to:

• Grocery anchored centers where the Grocer is dark, vacant, or leaving due to company consolidation, bankruptcy, or corporate strategy

• Well located strip centers with below market or flat rental structures

• Properties with excess land that have development potential

To contact Coastal Capital Partners with questions or property submittals, please email info@coastalcapitalpartners.com

May 22, 2006 | Category: Company News