Investment Criteria

DEAL CHARACTERISTICS

Typically priced in the 500k-5mm range.

Typically multi-tenant, B or C physical quality.

Located in metro areas in the Southeast US.

Warehouse/flex, shopping centers, office, and other types on a case-by-case basis.

Keen focus on distressed or other situations with compelling pricing.

Investment Objectives

Primary objective is always to minimize the probability of a principal loss.

For turnaround situations, CPT seeks capital appreciation within a 1-3 year period.

For longer holds, CPT seeks durable, distributable cash flow over longer periods of time.

CPT buys properties where the basis per square foot compares favorably to the lesser of replacement cost or that of comparable trades.

Overall goal is to locate assets that have the potential to achieve opportunistic returns, but with the use of a very modest leverage profile.

FEATURED PROPERTIES

Select Case Studies

Rectangle 7

Duluth Village
Duluth, GA (Atlanta metro)

  • 65,000 sf shopping center.
  • Purchased from a California-based lender that acquired the property via foreclosure.
  • Implemented an aggressive leasing and management campaign, brought in co-manager to serve as a translator for communication with tenants.
  • Purchased at 59% occupancy and sold at 100% occupancy.
Rectangle 9

Oxmoor Commons
Oxmoor, AL (Birmingham metro)

  • 49,000 sf flex warehouse.
  • Purchased from a family trust.
  • Made modest capital improvements and built out several suites to be rent-ready for new tenants.
  • Purchased at 56% occupancy and sold at 89% occupancy.
Rectangle 12

Shops at Berryhill
Cordova, TN (Memphis metro)

  • 17,360 sf shopping center.
  • Purchased from an institutional mortgage investor, who purchased the loan from a CMBS originator.
  • Sensing a high level of demand for smaller suites, subdivided one large vacancy and subsequently leased it to 3 new tenants.
  • Purchased at 76% occupancy and sold at 100% occupancy.
Rectangle 13

Peachtree Corners Flex Portfolio – Peachtree Corners, GA (Atlanta metro)

  • 4 flex warehouse buildings totaling 273,000 sf.
  • Purchased in a joint venture with a mortgage investor that. acquired the notes as part of a borrower’s bankruptcy plan
  • Facilitated 3 separate exits – sold one building to an existing occupant, one building to an owner user, and two buildings to a national flex investor.