Bank of America Center
Bank of America Center is located at "main and main" at 6th and Congress in the Austin CBD. Read more
Bank of America Center
Bank of America Center is located at "main and main" at 6th and Congress in the Austin CBD. Read more
With the successful repositioning of a number of landmark properties within our core markets already under our belt, T. Stacy & Associates is looking to expand our acquisition efforts. Our Value Enhancement approach leads to pursuing well-located properties that have upside through renovation or repositioning.
| Product Type: | Office is our preferred product type with strong consideration also given to any other product type that exhibits value-add characteristics. |
|---|---|
| Strategy: | Acquire distressed or underperforming properties with upside potential. The desired upside can be achieved in several ways, such as in-place below market rents, a majority of the leases rolling during the hold period, more efficient management, vacant buildings, redevelopment and/or repositioning of the asset by capital infusion. |
| Minimum Deal Size: | $5,000,000 |
| Hold Period: | 2-7 years |
| Leverage: | 40%-70% |
| IRR Target: | 15%+ |
| Primary Target Markets: | Austin, TX San Antonio, TX Dallas, TX Houston, TX |
| Secondary Target Markets: | Other markets in Texas |