We're Currently In Pursuit Of Value-Add Assets

Invictus Commercial Equities is part of a larger group of private equity investors. Our group currently has approximately 25 million square feet of commercial assets under management and completes $100's of millions in deals every quarter. Invictus is a Dallas-based branch of this larger group with access to the resources, relationships and expertise of our national team.

We are currently in active pursuit of value-add commercial real estate with a focus on Retail, Industrial and Multifamily assets. We act as principals/sponsors and often JV with partners who offer key expertise on deals. We also bring in-house capabilities for property management.

We rely heavily on our broker relationships to source off-market opportunities and maintain consistent deal flow. In many cases, we partner with brokers on both the buy-side and the sell-side, offering double commission.

1. Value-add components such as: 15%-60% vacancy, below market rents, deferred maintenance, over-burdening of expenses, pad site/outparcel development, land development components, inflated tax values, gross lease structures, etc.
2. In conjunction with the value-add components, we require discounts on pro forma value based on current condition and operations. Stated another way, we buy on current value, not pro forma.
3. Immediate cash flow upon purchase. However, in some cases, we will consider fully vacant assets.
4. Located in growing economic environments, usually large MSA's or tertiary locations with additional corporate investment or current market shortages.
5. Prefer multi-tenant retail, industrial and multifamily assets, will consider others.
6. Prefer purchase price between $1-$50 million. Typically our investments are $2-$25 million, based largely on current quality and performance of the asset.
7. Prefer square feet between 20,000-400,000 for Retail/Industrial and 60-600 units for Multifamily. Typically, we purchase assets in the 45,000-250,000 sqft range and 80-200 units.
8. Prefer traffic counts of 20k+ for retail, prime locations for Industrial/Multifamily.
9. Prefer strong employment & median household income of $45k+.
10. Prefer assets built after 1980, single-story for retail.