RPC’s goal is to assemble a $150 million portfolio of individual properties that have been repositioned and fully tenanted. This should equal 20 to 25 properties. Individually too small for institutional or public market investors, the portfolio will be assembled, managed and leased creating an “investment grade” portfolio. The portfolio can then be recapitalized, or sold for cash or UPREIT shares or “bundled” in groups of five or greater number of properties for sale to individual investors.

Criteria:

• 60 miles from corporate office: 486 Evesham Road, Cherry Hill, NJ 08003
• RPC seeks property level cash on returns (stabilized) on the equity invested of 10% to 12%.
• Leverage is limited to 75% to 80% loan to value.