What we buy
More than 4,000 unanchored neighborhood centers have been built since 2000 in markets where we operate. By this advantage, we are able to continuously analyze a deep pipeline of new investment opportunities. SouthCoast’s acquisitions team employs sophisticated underwriting and a comprehensive due diligence process on properties that typically meet the following criteria:
- Excellent access / visibility / traffic
- Located within dense retail corridors or thriving residential neighborhood
- Post-2005 construction or renovation
- At or below market rents in place
- Solid growth markets, prefer large MSA’s
- 4-14 tenants in place
Why unanchored retail?
Our team has extensive real estate investment experience. We have applied that experience to develop a systematic approach to the acquisition of neighborhood centers to achieve the return and service goals of SouthCoast’s investors and tenants. The following attributes distinguish this specific subclass of real estate from the rest:
Quality management and leasing
Best in class leasing is at the core of the success of our centers. Our diverse tenant mix ranges from local businesses to regional and national, from Starbucks to nail salons. This diversity is enhanced by emphasis on exceptional management support and maintenance of each space. Our property management staff averages over 25 years of experience each, bringing processes and controls to ensure effective management, customer service, and tenant retention.