Each deal requires a creative strategy that is driven by its own individual set of circumstances. From the characterization of environmental concerns to the turnkey redevelopment of a brownfield site, our creative solutions are geared towards minimizing risk and cost, while optimizing a contaminated property’s productive reuse. If you are an owner, or responsible party (RP) of contaminated property and are deciding to divest, our team will acquire “as-is, where-is” including a transfer of environmental liability. Our real estate redevelopment and environmental closure expertise moves properties from idle and under-utilized to sale and development. This process minimizes market and regulatory risk while aligning stakeholder interest. The end-result is a revitalized, vibrant, clean, economically and ecologically sustainable redevelopment.
Preferred Property Types » Brownfield sites, industrial, port development (air, sea, trucking), office (suburban or central business district), retail (big-box, junior-anchored, grocery-anchored), or in-fill development land.
Special Situations » Ability to purchase or originate non-controlling financial components of a transaction including preferred equity or messanine debt on a single asset or portfolio basis.
Priority Markets » $1-10 million, however smaller and larger acquisition opportunities will be considered. Acquisitions have ranged from $250 thousand to $20+ million.
Quality » Class A, Class B & upgradeable Class C.
Occupancy » 0-100% (n the latter case with near-term, below market rent rollover).
Environmental » Environmentally impaired properties are a specialty. If the cost of the cleanup exceeds the value of the parcel, the owner may be required to participate. A variety of services can help the owner reposition these properties in the marketplace to overcome environmental stigma associated with contamination.
Structure » Purchase of 100% fee simple interest preferred; joint venture structures will be considered on a case by case basis; special expertise in ground lease structures; note purchases will be considered.
Unsolicited Offers » May be made if sufficient information is available. Meeting with potential sellers who may not have made the decision to sell is a preferred alternative to unsolicited offers.
Broker Relationship » The firm acts solely as a principal and does not participate in brokerage fees. Third party brokerage services are utilized for all post-acquisition leasing and sale requirements. Shepherd Capital Group will provide fee protection to brokers that bring off-market transactions to the firm and will give first priority for the leasing, management and re-sale services of brokerage firms that procure transactions for the firm. All brokerage companies engaged by Shepherd Capital Group for leasing assignments will cooperate with outside brokers.