Stonemar acquires and manages retail and mixed-use properties, as well as select office and multifamily assets, valued at $20 to $100+ million. Our disciplined approach to deal-making focuses on value creation and capital preservation, emphasizing the ownership of real estate in superior locations in high-potential primary and secondary markets with high-quality tenants.
Stonemar invests in real estate that is attractively priced, that is likely to produce compelling risk-adjusted returns during our hold period, and that features a margin of safety for our committed equity. Other important investment characteristics include the following:
- Opportunistic repositioning and/or redevelopment opportunities
- Above-market vacancy and/or substantial near-term lease expirations
- Meaningful deferred capital expenditure requirements
- Main-and-main, best-in-class locations
- High-quality national tenants
- Liquid markets with institutional real estate ownership nearby
- Strong and/or improving demographics (population growth, stable/rising employment, above average household income)
In addition to acquiring fee simple interests in real property through direct controlling equity investments, we also pursue investments and/or partnerships in the following:
- Distressed debt
- Broken partnerships
- Restructurings
- Recapitalizations
- Rescue equity for troubled sponsors