OTRE purchases value-add industrial and retail buildings.

We focus on real estate fundamentals, such as strong location, good visibility, low building to land coverage ratio, ample parking, easy access, solid construction, high traffic counts, and low vacancy in the submarket.  We do not simply buy leases.

OTRE targets vacant buildings formerly occupied by national industrial companies  or retailers or occupied single tenant buildings.  An occupied building typically has some risk factor associated with it that takes the property out of the NNN market and forces it to be priced more on a square foot basis rather than a cap rate.  For example, the tenant could have only a short lease term remaining, credit problems, an upcoming termination option, or the building could be dark with a paying tenant.

Partially occupied buildings are also attractive provided the management is not overly intensive.

Deal size can run from as small as $100,000 to as large as $10 million.  We have the ability to purchase on a portfolio basis as well.

OTRE acquires property in all geographic regions of the United States, except for the upper northeast.