investment criteria
"Value Added"
Whether it is a 100,000-square-foot industrial building or a portfolio of several million square feet, the goal of Westmount's acquisitions is to add value to the investment. This can be accomplished in a variety of ways, including aggressively leasing up vacancies, repositioning the property by changing the tenant profile, renovation, or simply good management.
INDUSTRIAL - PRINCIPAL
As part of its core business, Westmount is seeking to acquire industrial properties in the southern half of the U.S.
- Value-add and Opportunistic
- Big Box Warehouse
- Surplus Corporate Facilities
- Freezer/Cooler
- Light industrial
- Flex
- Sale/Lease-backs
- Portfolios
- Notes
Acquisition Price: $15 - $50 million in single properties and portfolios with no upper limit
Property Size: 500,000 SF-1,000,000 SF +/-
Targeted Leveraged Returns: High teens, Low 20s
Markets: Southern half of U.S.
NON-INDUSTRIAL - PRINCIPAL
Westmount is selectively seeking to acquire non-industrial assets. Westmount’s previous non-industrial assets have typically been value-add office and retail, distressed land and Class B & C multifamily.
Acquisition Price: $10 to $50 million in property value
Property Size: NA
Targeted Returns: High teens, Low 20s
Markets: Southern half of U.S.
JOINT VENTURE EQUITY
Westmount is seeking Build to Suit development opportunities for proven but sub-investment grade tenants. The firm is also seeking Sale/Lease-back acquisition opportunities for proven but sub-investment grade sellers/tenants.
The firm will also consider providing equity investments in other asset types with existing partners who present compelling opportunism or with new partners investing in proven asset types.
Dollar Size: $1 to $15 million of equity
Property Size: NA
Targeted Returns: High teens, Low 20s
Markets: Southern half of U.S.
