Property Acquisitions
Retail Opportunity Investments Corp. (“ROIC”) acquires stabilized grocery-anchored neighborhood and community shopping centers located on the west coast. ROIC also pursues grocery-anchored, value-add assets that offer repositioning opportunities and lease-up/re-tenanting potential.
Contact Acquisition TeamPreferred Locations
ROIC seeks existing shopping centers in primary markets of the Western United States (California, Washington and Oregon).
Property Type
ROIC seeks to acquire neighborhood and community centers anchored by a supermarket and/or drug store. We prefer to own the anchors as well as the shops. We will consider urban and mixed‐use properties as well as any status of leasing or property conditions, as long as the property is well located.
- Neighborhood and Community Shopping centers
- Portfolios and individual assets
- Dominant grocer
- Established metropolitan locations with strong incomes and population growth
- Markets with barriers to entry
- Average household income in the upper percentile for the market
- Necessity‐based retail properties
- Stabilized properties or properties in need of repositioning, value enhancement or expansion
Investment Strategy
- Stabilized market‐dominant properties with supply‐side restrictions and strong demographics
- Value‐Added opportunities offering potential near‐term revenue enhancements that could result from re‐positioning The tenant mix, leasing vacancies, building expansion space for existing or new tenants and building out pads
- Proven track record with large portfolio purchases and one‐off transactions
- Experienced in‐house due diligence team facilitates quick close
Size Criteria
- 65,000 square feet or greater gross leasable area
Price and Terms
- $10M or higher
- All cash or can assume existing debt
- No financing contingencies
- Closings within 30‐days
- ROIC will invest all cash; cash above mortgage; or joint venture with existing owner
Submission Information
Preliminary Submission
- Detailed Rent Roll
- Site Plan / Survey of Center
- Tenant Sales History (3-years preferred)
- Historic Operating Income & Expense Statements
- Cash Flow Projections
- Area Demographics
- Mortgage Terms (if any)
- Real property tax bills (2 years preferred)
- All CC&R's affecting the property
- Photographs of the Center
- ARGUS
- Aerial Photos
Additional Information
- Access to public transportation
- Biodiversity and habitat
- Building safety
- Climate change adaptation
- Compliance with regulatory requirements
- Contaminated land
- Energy efficiency
- Energy supply
- Flooding
- GHG emissions
- Health and well-being of employees, tenants, customers, third-party contractors and communities
- Indoor environmental quality
- Natural hazards
- Resilience to catastrophes and disasters
- Socio-economic
- Transportation
- Water supply, efficiency and landscaping
- Waste management
Transactions
Acquisition Inquiry
Oops! Something went wrong while submitting the form.
