Paragon Realty Group LLC
Private Real Estate Investment And Development Company
Acquisition Criteria
Paragon’s acquisition philosophy is based on purchasing well-positioned, generally
well leased up properties at substantial discounts to replacement cost and adding
value to these properties through intensive management and leasing and, where
applicable, renovation and redevelopment. Target acquisitions generally offer
the following attributes: 1) Located in the Northeast and Mid-Atlantic regions;
2) Shopping centers should be grocery and/or drugstore anchored with the anchors
demonstrating strong sales; 3) Value added opportunities can include the following:
a) A renovation; b) Lease up of vacant space; c) Upgrading of tenancy and rent
roll; or d) Adding on space to an existing property including the development
of outparcels. 4) High barriers to entry through lack of available sites or restrictive
zoning; 5) 75,000 square feet and above, although smaller in-fill properties will
also be considered; and 6) Cap rates should be 10% or higher, however, a lower
cap rate is acceptable depending on the potential opportunity.