Acquisition

Terraco actively acquires new projects for our own portfolio and for existing and new clients seeking our expertise on opportunities.

Terraco maintains the following acquisition criteria:

Investment/Property Type

  • Mixed Use: retail, office, residential, grocery-anchored, fitness center-anchored
  • Neighborhood, Community, and Power Center Retail: emphasis on grocery- or pharmacy-anchored
  • Medical Office
  • Land for Retail Development

 

Deal Structures

  • All-cash transactions, but will consider existing debt and joint venture arrangements

 

Transaction Size

  • $1 million to $10 million for existing cash-flowing properties
  • Suburban Vacant Land: Minimum of one acre
  • Urban Vacant Land: Minimum of 20,000 square feet

Markets

Midwest with strong preference for infill markets with supply constraints

 

Trade Areas

  • Population greater than 30,000 within 2 miles
  • Average household income minimum of $50,000 within 5 miles
  • High-traffic intersections preferred

 

Requested Materials

  • Site plan
  • Area map
  • Demographics
  • Detailed rent roll with sales history
  • Existing debt information
  • Current year in-place net operating incomect