Sarofim

Ethnic Retail

Sarofim Realty Advisors seeks acquisition, development, and redevelopment retail opportunities within distinctively ethnic submarkets nationwide. Following is an overview of our acquisition criteria:

Type
Neighborhood and community shopping centers

Trade Area
Densely populated ethnic urban or suburban submarkets comprised of Hispanic, African-American, and Asian-American residents.

Population	Density	Avg. Household Income
1-mile	15K	> $40,000
3-mile	50K	> $40,000
5-mile	150K	> $40,000

Acquisition Strategy
Development, redevelopment, or acquisition

Deal Structure
Sarofim will consider redevelopment and development opportunities on a direct basis or in a joint venture with a local operator/developer.

Return Criteria
65% LTV, Leveraged IRR of at least 11% on core-plus opportunities and
14% on value-add opportunities based on a five- to seven-year hold.

Minimum Deal Size
50,000 sf and $5M