Over the generations, JENEL has built its portfolio organically, acquiring one property at a time since the company’s inception in the 1980’s. What began as a necessity for its own retail requirements and family business, gradually evolved into a recognized industry leader for urban, high-street retail and other mixed-use properties. We target core, core plus and value-add opportunities with a specialization in high-street urban-retail, located in corridors throughout New York, Chicago, Los Angeles, San Francisco, Seattle, Miami, Boston, Washington D.C., Philadelphia, Charleston and other major gateway cities.

 

ACQUISITION CRITERIA

•    Core assets, with medium to long term stabilized leases in-place at below-market economics with opportunity over medium and long-term basis to improve income through fair market rent renewals, partial tenant repositioning, additional leasing or capital restructuring.
•    Core-Plus assets with solid property fundamentals & strong revenues that include at least 50% of gross leasable area occupied with in-place income, the ability to lease up vacancy, reposition existing leases, decrease property expenses and improve property deficiencies in order to improve net operating income.
•    Value-Add assets which include land for development, existing building repositioning, vacancy and severely under-market in-place rents with leases expiring in the short term. 

 

We are flexible and can evaluate opportunities to provide a quick response, for investment sales proposals or other proposals, please email us at: acquisitions@jenel.net