Asset classes include institutional-grade commercial properties – office, multi-family residential, industrial, retail, single family home developments, and hotels/resorts – concentrated in gateway and some secondary cities across the U.S. and Canada. Typical transactions include core, core plus, value-add, development, and re-development.
Whether a stable newly-leased building, a multi-tenanted trophy asset, speculative new construction or a renovation/repositioning project, we critically assess and promote each component of value in seeking the most favorable results.
Wafra’s investments can be categorized into two areas:
Wafra targets stabilized investments that are seasoned, i.e. substantially leased properties with future upside. Properties will be acquired based upon existing cash flow.
Wafra targets opportunistic investments which may be:
- Existing properties that are under-performing, which may have market-related and/or management induced occupancy problems, or require completion of construction or renovation
- Development projects which have been fully approved (zoning/environmental). Office, retail and industrial development projects require a minimum of 70% pre-leased on a net basis to investment grade tenants (Generally, S&P rating of “BBB” or better)