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