Acquisitions

Our Acquisitions

We are continually seeking properties to enhance our portfolio.

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Value Add

More than $1 billion of buying power

Sterling has more than $1 billion of buying power through its current fund Sterling Value Add Partners III (“SVAP III”). The characteristics we seek in our targeted Value-Add Retail real estate investments include:

  • Major market MSAs
  • Potential for significant income growth
  • Below market rents
  • Deal size: $10 million to $1 billion
  • Infill locations with 75,000 people within a 3-mile radius
  • Real estate fundamentals are more important than credit of tenants
  • Redevelopment opportunities
  • Individual deals and/or portfolios
Acquisition Criteria

Core/Stabilized

More than $650 million of buying power

Sterling has more than $650 million of buying power through its current Sterling United Properties (“SUP”) set of Funds. The characteristics we seek in our targeted stabilized grocery-anchored real estate investments include:

  • Core/stabilized grocery-anchored shopping centers
  • In select major MSAs where grocer is No. 1 or No. 2 of pure grocers from a market share perspective
  • Primary MSAs (Top 50)
  • Stable, predictable cash flow / Anchors have solid sales with reasonable health ratios
  • 95%+ occupancy
  • Deal size: $10 million to $250 million
  • Individual deals and/or portfolios
Acquisition Criteria
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