| Property Types: |
Neighborhood Shopping Center, Power Centers, Community Shopping Centers, Single
User Properties and Office Buildings |
| Minimum Size: |
50,000 square feet. (Does not apply to SingleUser Properties) |
| Location: |
Urban metropolitan locations with regional accessibility and on major
thoroughfares. |
| Geographic Preference: |
National. |
| Markets: |
Should exhibit population stability or growth and employment growth with
adequate diversification. |
| Tenants: |
National or regional tenants must account for 80% or more of total square
footage of center. |
| Age: |
Recent construction preferred. Less than 10 years old. |
| Development Potential: |
Additional expansion and/or redevelopment potential preferred. |
| General Notes: |
We will look at special projects that do not fall within the above guidelines.
As long as there is credit, strong cash flow and upside due to lease terms or
repositioning of the property in an appropriate market. |