Property Acquisitions
Our firm is actively seeking acquisitions of multi-tenant office and retail properties in the New River Valley and Roanoke Valley markets. We also seek to acquire single-tenant retail and office properties in a multi-state area.
The company is a long-term hold investor and will consider structures that minimize tax effects to sellers, such as Sec. 1031 tax-deferred exchanges, structured sales, corporate spin-offs and sale/leasebacks. We have expert tax advisors which specialize in real estate taxation available for referral.
We will deal directly with owners, principals and/or their representatives, and protect all brokerage commission agreements. Our current acquisition criteria by property type and market area are available by category, via links above left.
Our Acquisition Team: Fast, Direct and Discreet
As buyers we bring over 25 years of experience to the table. We have a strong balance sheet and ample credit facilities to write contracts with no finance contingencies, and bring an acquisition to closing in minimal time.
We typically require a due diligence period of 45-60 days, with closing 30-45 days after acceptance of the due diligence.
The principals of the firm conduct the due diligence personally, and will work directly with you or your designated representatives to provide direct lines of communication during the purchase process. Over our years of experience in hundreds of acquisitions we have developed a systematic approach to analyzing properties quickly and efficiently. We provide checklists for brokers and owners to assist you in collecting and reproducing only necessary information, eliminating redundant reports and wasted effort.
As investment property owners we understand the need to be discreet. If necessary we will coordinate property inspections and site visits to occur during off-hours, e.g. after the close of business or weekends. Our objective is to perform adequate inspections with a minimum of disruption (or knowledge) of your tenants, staff and third-party vendors.
Acquisition Criteria
Our current acquisition criteria for targeted property types and markets are available at the links above left. Our criteria change over time, as market conditions and portfolio requirements change, and we are always open to opportunities that may not be on our current list, so please feel free to drop us a line with any offering you may have available.
Send us Your Property Information
If you have a property available that you’d like us to consider for acquisition we’d be happy to hear from you. Submissions directly from owners and brokers are welcome. We are not brokers and act solely as principals. We protect all broker/agent submissions on a first sight basis.
To submit bring your property to our attention we have several options:
-
If you have a digital brochure or flyer available, please email it as an attachment (PDF files preferred) to acquisitions@parkrealty.com.
-
You may complete our Property Information Form and email it to us at acquisitions@parkrealty.com.
You may also print the completed form and fax it to (540) 552-3457.
We will respond within two business days to indicate interest.
All submissions will be held in strictest confidence and circulated solely to our in-house staff. If you require a non-disclosure/non-circumvention agreement, please fill out the contact information and property description portion of our Property Information Form and email or fax it to us.
