Property Type
- Land for ground-up development of neighborhood and community shopping centers or existing sites that have redevelopment potential into Class A retail centers.
Investment Profile
Ground-Up Development
- Sites of at least 20,000 square feet in infill urban areas; 4 acres in infill suburban areas; and 7+ acres in suburban and growth areas for the development of Class A retail shopping centers
Redevelopment
- Well located Class B and C centers, vacant big-box retail sites or other properties with existing structures with minimum GLA of 60,000 square feet and/or 4+ acres that are prime candidates for redevelopment into Class A retail properties
Key Markets
- Washington, DC metropolitan area - inclusive of suburban Virginia and Maryland; and Southern California
- Prefer infill, suburban and growth areas with strong demographics
Financing / Equity
- Combined Properties will close all cash or acquire its own debt and in some cases assume seller's debt. Combined may act alone or in joint venture either with institutional partners or high-net worth individuals.
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Due Diligence / Closing
- Able to complete due diligence and close quickly
Deal Structure
- Acquisition in fee or joint venture with seller or other entities. Ground leases and note purchases will be considered on a case-by-case basis.
Unsolicited Offers
- Combined will make unsolicited offers on off-market deals so long as sufficient information is available to make a reasonably educated value assessment. Our preference is to meet with the seller to better understand the seller's objective.
Broker Recognition
- Combined Properties acts as a principal and places a high value on its broker relationships. So long as a property is not listed for sale by a competing broker and/or being widely marketed, Combined will recognize a procuring broker who registers a qualified submittal for a period ending the earlier of 6 months from the date of submission or if/when the property becomes listed and widely marketed. Representation agreements will be considered on a case-by-case basis.
Qualified Submittal
- To be considered a qualified submittal the following information must be submitted to Combined at a minimum:
- Site plan and/or parcel map
- Location map
- Zoning information
- Identification of any Specific Plan or Redevelopment Agency that the property is subject to
- If an existing property, detailed Rent Roll with lease option information
- If an existing property, detailed operating statement for previous calendar year, current year budget and/or an "as-is" pro forma
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Hutner Group
