For information regarding Falcon’s Acquisition platform or to submit a property, please contact:
Senior Vice President/Senior Acquisition Officer
Falcon Real Estate Investment Management, Ltd.
570 Lexington Avenue, Suite 1600
New York, NY 10022
Tel: (646) 408-8224
Falcon Real Estate works with a number of clients around the world, both individuals and institutions, that have well-established investment objectives for the United States real estate market. Different clients, of course, have different investment objectives, and therefore the Falcon acquisition staff is constantly looking for many types of properties in differing size ranges and with differing risk parameters. At the present time, we are seeing an increasing number of investors from overseas that are interested in the US commercial real estate market. Because of the conditions in the credit markets today, many of our clients will purchase on an all-cash basis or will assume existing debt.
Our current requirements are listed below:
1. Multi-Tenant Office Buildings: $50 to $500 million range. We are actively seeking Class A office buildings for several of our clients. Major locations – primarily New York, Boston, Washington DC, Los Angeles and San Francisco – are preferred but attractive investment opportunities in other major markets will also be considered. We require newer office buildings with occupancy levels of 85% or higher. Credit or quality tenants are favored as well as properties that are leased to a handful of tenants.
2. Single-Tenant Office Buildings: $25 to $100 million price range. We are also looking for properties on long-term leases with ten years or more remaining, leased to investment grade tenants and located in major urban and suburban areas. Leases must have attractive rental rate increases during the term.
3. Joint Venture Opportunities: $20 to $150 million equity investment. We are actively reviewing opportunities to recapitalize existing office properties. An equity position of up to 90% will be considered and preferred returns are desired. Top locations and experienced operators are required.
4. Retail: We have received several requests for boutique retail assets on prime retail streets. Madison Avenue and Fifth Avenue in New York City, Michigan Avenue in Chicago, Union Square in San Francisco and Rodeo Drive in Beverly Hills are examples of quality locations that will be considered. We are also looking for neighborhood and community centers with recession-resistant anchor tenants and minimal in-line shop space.
Property Submissions: If you have a property that you would like to submit to Falcon Real Estate, please click here to obtain our submission requirements.