Specializing in multi-tenant commercial properties that offer consistent and value-add returns.
PResent Equity was CREATED with a single purpose: to invest in value-add, income-producing properties across tax-advantaged U.S. states, with a focus on ACHIEVING 10%+ unlevered returns by year 2.
We specialize in:
• Multi-tenant light industrial properties (small bay)
• Multi-tenant shopping centers (unanchored strips)
Founded in 2007, when the market was entering the biggest financial crisis in history, we made strategic acquisitions in retail, multi-family, and individual residential units, and realized outsized returns, setting the stage for a long term investment strategy. Today, we continue to generate predictable returns by (i) Acquiring properties below market value and (ii) Using responsible debt strategies to maximize cash flow.
At Present Equity (PEQ), our acquisition strategy is driven by a commitment to identifying value-add opportunities that generate significant returns. We target retail and industrial properties throughout Florida and the Southeastern U.S., applying a rigorous selection process that ensures each investment meets our standards for growth and profitability. Our experienced team carefully evaluates every potential property based on key performance indicators. To qualify for acquisition, a property must meet at least 4 out of the 6 following criteria:
1. In-place rents
In-place rents, at the time of purchase, that are below the market for the immediate area
2. In-place vacancy
In-place vacancy of 15% or more, for immediate upside.
3. Price per Square Foot
Price per Square Foot, below replacement cost.
4. cap rate
A going-In cap rate that can produce a 9% cash on cash return by year 2 (varies w/ borrowing rates)
4. Retail anchor lease
Retail anchor lease terms that “dead end” in 10 years or less, where the rent is below market
6. National-Credit tenancy
National-credit tenants provide financial stability and long-term security for property investments.
** In all cases, properties must be located where population density is at least 60,000 people in a 3-mile radius and where AHHI is at least $50K.
Active investors who reposition underperforming retail assets. We:
Acquire value-add properties below replacement cost
Source targeted opportunities through established Florida broker and owner relationships
Target stabilization within three years through releasing, expense control, and refinancing
Passive buyers waiting on inflation to create value. We do not:
Acquire stabilized, fully-priced assets for coupon-clipping yield
Underwrite returns based on cap-rate compression or market appreciation
Hold assets that can't be improved through hands-on leasing and management
actively looking to acquire a mix of distressed, mismanaged and undervalued commercial properties in florida's major markets and select cities in the south eastern united states.
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