Preferred Profile

Well-located value-added opportunities which may include components of new development, redevelopment and/or re-leasing.

Preferred Property Types

Office (suburban or central business district), R&D, industrial, selected urban retail, mixed use and in-fill development land. In-fill development properties are generally preferred.

Special Situations

Ability to purchase or originate non-controlling financial components of a transaction including preferred equity or mezzanine debt on a single asset or portfolio basis.

Priority Markets

West Coast with preference for Northern California.

Preferred Deal Size

$10-100 million, however smaller and larger acquisition opportunities will be considered. Acquisitions have ranged from $3 million to $200+ million.

Quality

Class A, Class B & upgradeable Class C.

Occupancy

0-100% (in the latter case with near-term, below market rent rollover).

Environmental

Environmentally impaired properties will be considered.

Due Diligence/Closing

Can be expedited to meet seller’s needs.

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. Ellis Partners 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 Ellis Partners for leasing assignments will cooperate with outside brokers.