Block Funds Acquisitions

Seeking Multifamily, Industrial & Retail asset types

Multifamily Acquisitions


Criteria
  • Garden style and midrise communities, townhomes
  • 1990s and newer, 9' ceilings
  • 200+ units in new markets, 100+ units in existing markets
  • Forward Takeouts at Certificate of Occupancy
  • Suburban and infill locations preferred
  • Vacant land/development sites considered
Target Markets
  • Kansas City
  • Saint Louis
  • Des Moines
  • Omaha
  • Dallas/Fort Worth
  • Indianapolis
  • Northwest Arkansas
New Markets targeted
  • Cincinnati/Columbus
  • Louisville
  • Raleigh/Durham/Chapel Hill
  • Minneapolis/Rochester
  • Denver/Fort Collins/Colorado Springs
  • Albuquerque
  • Salt Lake City
  • Las Vegas
  • Tampa/Jacksonville/Orlando

Industrial Acquisitions


Criteria
  • Class A/B bulk distribution, office/warehouse and manufacturing
  • 24' minimum clear height
  • 50,000 SF minimum / 25% office finish or less
  • Tilt-up and precast preferred
  • Suburban and infill locations with close proximity to highway and railway
  • Vacant land/development sites considered
  • Sale/Leaseback or purchase from third-party
Target Markets
  • Kansas City
  • Saint Louis
  • Des Moines
  • Omaha
  • Dallas / Fort Worth
  • Indiannapolis
  • Northwest Arkansas
  • Cincinnati / Columbus
  • Louisville

Retail Acquisitions


Criteria
  • Class B/C Shopping Centers
  • 100% Corners near interstate access and/or major traffic arteries
  • 40,000 SF minimum
  • Value add, opportunistic strategies:
    • Renovation
    • Available vacancy to lease up
    • Large parking areas for pad site creation
    • Below-market, in-place rents
    • Opportunities for incentives
  • Underutilized Pad Sites for Redevelopment
    • Demo and replace with new pad users
Target Markets – Shopping Centers
  • Kansas City
  • Des Moines
  • Omaha
  • Northwest Arkansas
  • St. Louis
Target Markets – Pad Redevelopment
  • MSA’s with population over 25,000 in:
    • Kansas
    • Missouri
    • Iowa
    • Nebraska
    • Arkansas
    • Tennessee


Acquisitions Team

Aaron M. Mesmer, CCIM
Chief Investment Officer
816.412.5858 | amesmer@blockllc.com
Grant O. Reves, CCIM
Director of Acquisitions
816.412.5879 | greves@blockllc.com