Acquisition Criteria
Thor Equities targets markets that are densely populated and commercial corridors/shopping centers where retailers are registering high sales volume.
Primarily interested in "value-added" opportunities, Thor Equities’ desired property types include:
- Retail
- Strip centers and enclosed malls 100,000 sq. ft. or greater
- Downtown and neighborhood store fronts in major metropolitan areas
- Retail/Office
- 30,000 sq. ft. or more in urban locations
- Retail/Hotel
- Minimum Size
Initial yield requirements vary with potential for appreciation during the anticipated holding period.
| Desired Property Locations |
Required Information |
- NY/NJ/CT Tri-State Area
- Philadelphia, PA
- Washington, DC / Baltimore, MD Metro
- Chicago, IL Metro
- South Florida
- Houston (San Antonio and Dallas)
|
- Purchase price
- Physical description of property
- Current rent roll
- Site plan/leasing plan
- Tenant sales volumes
- Market analysis of the area, local map and demographics (including market rents and competition in area)
- Property photos
- Operating statements for the last two fiscal years
- Terms of existing debt including assumability and any prepayment penalty information
- Lease abstracts, if available
- ARGUS financial models (if available)
- Property history (age, date of last renovation, etc.)
- Disclosure of any environmental issues
|
This required information should be submitted as a complete package.
E-mail submissions are preferred (such as pdf files).
Early registration will protect the broker if sent with a written package consisting of the required information above. Thor Equities’ policy is to recognize and deal with the first broker to identify a potential acquisition, furnish substantive material that will allow us to evaluate the property, and register us with the Seller as potential buyers.