Acquisitions - How active is your pipeline?

Saw this topic posted back in 2016, thought it would be interesting to hear where everyone is at now that we're even deeper into this cycle. Are you active at all? When was the last time you closed on a deal, what was it? Just waiting to see how the next year or two play out (2020 election)? If you aren't active, what have you been doing in the meantime?

The list below was included on the 2016 post, I thought it helped with formatting responses.

  1. Are your deals debt or equity?

  2. Main market(s) your team is currently investing in?

  3. Product type(s) your team tends to focus on?

  4. Where on the risk spectrum you are currently seeing deals (opportunistic - core? Would also be helpful to list your target return metrics (IRR, multiple, etc.).

If there's anything else you might think is relevant feel free to throw it in

topic credit to @Gentleman and Scholar"

 
 
Most Helpful
REJB123:
1. Are your deals debt or equity?
Equity (we're an LP). We do debt as well but that's a more niche group within the company.
REJB123:
2. Main market(s) your team is currently investing in?

My company is national, I work on the Southwest/Texas.

REJB123:
3. Product type(s) your team tends to focus on?

Everything.

REJB123:
4. Where on the risk spectrum you are currently seeing deals (opportunistic - core? Would also be helpful to list your target return metrics (IRR, multiple, etc.).
  • MF Development - Dallas, Texas

  • MF Development - Austin, Texas

  • MF Development - Nashville, Tennessee

  • Industrial Development - Dallas, Texas

  • Industrial Development - Inland Empire, CA

  • Covered Land Play / Industrial Development - Bay Area, CA

  • Office Redevelopment - Bay Area, CA

The MF and Industrial developments are split between a merchant build strategy (3-5 year exit) and a build-to-core strategy (10-year exit). All of these are fairly far along in the acquisition process without having closed. I'm working on two of the TX deals.

Anyone else working on any Texas or SoCal deals right now?

 

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