Acquisition Criteria
Colonial Properties Trust’s Office Division, headquartered in Atlanta, Georgia, is aggressively growing its office portfolio through joint venture acquisitions in high-job growth cities in the Sunbelt of the United States.
Colonial Properties Trust welcomes the submission of authorized office property investment packages from licensed real estate brokers.
Target Markets:
Existing:
- Atlanta
- Austin
- Charlotte
- Ft. Lauderdale
- Jacksonville
- Miami
- Orlando
- Tampa
Planned:
- Nashville
- Raleigh
Investment Size:
- $15 Million to $300 Million
Property Type:
- Class A / B
- Built between 1985 - 2006
- 100,000 SF or larger
- Multi-tenant
Transaction Structures:
| JV Equity Partner | 80-90% |
| Colonial Operating Partner | 20-10% |
| Minimum Cap rate | 6% |
| Value Add Investment | <70% leased |
| Target Unleveraged IRR | 8.0%-10.0% |
Contact
Tom HallowellSenior Vice President
Colonial Properties Trust
300 Colonial Center Parkway
Suite 200
Roswell, GA 30076
P: 678.461.3309
Proven Closer
Colonial Properties Trust buys on an all cash basis, requiring no financing contingency, thus ensuring a quick closing. Any existing financing shall be retired at closing.
