RRB Development Maintains the Following Acquisition Criteria:

Investment & Property Type

• Self-Storage Centers and/or Light Industrial Buildings appropriate for conversion to Self-Storage use.
• Land for Retail Development or Self-Storage Development.
• Excess land, residual parcels, and commercial outparcels included in Masterplanned or mixed-use projects.

Deal Structures

• All cash transactions, but will consider existing debt and joint venture arrangements.

Transaction Size

• $1M to $10M for existing cash-flowing properties.
• Suburban Vacant Land: Minimum of 1.5 acres
• Urban Vacant Land: Minimum of .8 acres (Market dependent)

Target Markets

• Southeast with strong preference for secondary and tertiary cities, suburban growth corridors, in-fill markets with supply constraints and Hispanic neighborhoods.

Trade Areas

• Population greater than 30,000 within 2 miles
• AVG HH Income minimum of $35,000 within 5 miles
• High traffic roads and intersections preferred

Requested Materials

• Site Plan
• Photos
• Area Map including traffic counts
• Demographics
• Current and Historical Operating Statements
• Detailed Rent Roll with Sales History
• Existing Debt Information
• Current Year In-Place NOI