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Acquisitions

Califco is a buy and hold real estate company. Our goal is to acquire neighborhood and community centers anchored by a supermarket and/or drug store. We prefer to own the anchors, as well as the shops. We will consider urban and mixed-use properties as well as any status of leasing or property conditions, as long as the property is in a densely populated area.

  • Neighborhood and Community Shopping centers
  • Portfolios and individual assets
  • Dominant grocer
  • Established metropolitan locations with population growth
  • Markets with barriers to entry
  • Necessity-based retail properties
  • Stabilized properties or properties in need of repositioning, value enhancement or expansion
Investment Strategy
  • Stabilized market-dominant properties with supply-side restrictions and strong demographics
  • Value-Added opportunities offering potential near-term revenue enhancements that could result from re-positioning the tenant mix, leasing vacancies, building expansion space for existing or new tenants and building out pads
  • Proven track record with large portfolio purchases and one-off transactions
  • Experienced in-house due diligence team facilitates quick close
Size Criteria
  • 65,000 square feet or greater gross leasable area (outside of California)
Price and Terms
  • $5M or higher
  • All cash or can assume existing debt.
  • No financing contingencies
  • Closings within 30-days
  • Tax efficient and tax deferred structures available to seller
  • Califco will invest all cash; cash above mortgage; or joint venture with existing owner
Submission Information
  • Detailed Rent Roll
  • te Plan / Survey of Center
  • Tenant Sales History (3-years preferred)
  • Historic Operating Income & Expense Statements
  • Cash Flow Projections
  • Area Demographics
  • Aerial Photos
  • Mortgage Terms (if any)
  • eal property tax bills (2 years preferred)
  • All CC&R's affecting the property
  • Photographs of the Center
Property Acquisition Criteria
  • Califco is headquartered in Beverly Hills, CA and maintains offices in Dallas, Texas.
Preferred Locations
  • Califco seeks existing shopping centers in its primary markets (Los Angeles, California; Dallas, Texas)
Contact
  • Barak Diskin
    Barak@califco.com
    310-550-1012