Acquisition Criteria
Citivest Commercial is a real estate investment firm specializing in value-add commercial properties. We focus on opportunities in the Western United States but consider acquisitions nationwide.
Individual Asset Size: $10 million and above with no upper limit.
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Target Assets: Anchored or shadow anchored retail centers ranging from daily needs neighborhood centers to larger community centers and mixed-use properties. Other asset classes include industrial logistics / business centers, self-storage, office and MFR.​
Other Opportunities: Adaptive reuse of vacant commercial properties, mixed-use, office or other complimentary uses.
Geographic Location: High barrier to entry submarkets with an emphasis on the Western U.S.
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Leverage: 50% to 65% loan to cost.
Hold Period: 3 to 5 years or longer based upon the business plan and investment objectives.
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Initial Yield: Market based initial yield based on in-place cash flow.
Targeted Returns: Asset level 18% to 22% leveraged IRR with a 2x or greater aggregate return on equity.
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Value-add Improvements: Light to heavy value-add improvements as needed by the asset business plan. Ground- up development will be considered in certain instances to produce higher risk mitigated yields than existing properties.​
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Forward Looking Strategy: Citivest will consider core assets with attractive cash flows where the focus is on assets where rents can be pushed and management improved.
We are actively seeking new investment opportunities. Please submit details using the contact form below.
Retail
Anchored & Unanchored Centers
Our acquisition strategy focuses on grocery-anchored centers and properties anchored by national or regional credit retailers. We target single-tenant assets, retail portfolios, and opportunities to acquire broken development deals. With a strong emphasis on value creation, we specialize in repositioning underperforming or transitional retail centers to maximize long-term performance and investor returns.
Office
Class B or Better
​Our office acquisition strategy targets Class B or better assets, including both multi-tenant and single-tenant buildings. We actively pursue medical office properties, office parks, and multi-building portfolios in markets with strong economic and demographic fundamentals. Whether stabilized or value-add, we seek assets where strategic leasing, repositioning, or capital improvements can drive long-term performance and portfolio growth.
Industrial
Our industrial acquisition focus includes both single-tenant and multi-tenant properties, as well as portfolios of multiple buildings. We seek assets with excess land that provide future development or expansion potential, and we actively pursue sale/leaseback opportunities with strong credit tenants. Our strategy is centered on acquiring well-located industrial assets with long-term income stability and value-add upside.
Multi-Family
Investing in well-maintained Class C properties in growth is strategic, especially where employment and population are rising. These properties offer stable cash flow at acquisition, enabling value-added opportunities to increase rents, manage expenses, and for maximum returns.
Contact
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