M Street Acquisition Criteria

M Street is currently seeking investment opportunities presenting the following characteristics:

Core-Plus / Cash Flow

Strategy: Current and Predictable
Cash Flow
Deal Size: $5 – 50 million
Leverage: 50% – 65%
Hold Period: 7 – 10 years
Asset Class: Retail, Industrial, Office,
Multi-Family
Target Markets: Southeastern US Primary Markets
Structures: 100% direct ownership
(co-GP ventures considered)
Current Return: > 7%
Leveraged IRR: 10 – 13%

Value-Add

Strategy: Increase income via lease up of 

vacancy and/or marking below

market rents to market

Deal Size: $5 – 50 million

Leverage: Up to 70%
Hold Period: 2 – 5 years
Asset Class: Retail / Retail with office
or
 multi-family above
Target Markets: Southeastern US Primary Markets
Structures: 100% direct ownership

(co-GP ventures considered)
Current Return: N/A
Leveraged IRR: 15 – 18%


Investment Thesis

• A+ real estate will remain A+ real estate

• Under-performing assets can be improved with focused asset management and capital if located on A+ real estate

• Value-creation opportunities with strong mid-term cash flow potential and clear long-term capital appreciation

• Focus on below-market rents

Materials for Review & Offer Consideration

• Rent roll

• Historical income & expenses

• Site plan / stacking plan / floor plan

• Lease abstracts (if available)

• Asking price (if any)