Resmark℠ Shopping Centers

Launched in 2011, Resmark Shopping Centers focuses on the acquisition, development and redevelopment of power centers, an underserved niche asset class with the lowest vacancy rate within the retail sector. The company is uniquely positioned to identify, analyze and convert vacant or underutilized space, and to develop and manage commercial projects in urban centers.

Acquisition and Development Criteria

• Large, open-air big box shopping centers between 150,000 and 600,000 square feet
• Centers in which the anchor/sub-anchor tenants are the dominant retailers in the markets they serve
• One or more credit-rated anchor tenants such as Costco, Walmart, Home Depot, Lowe's, Best Buy, PetSmart, Bed Bath & Beyond, Ross, TJ Maxx or Staples
• Target markets in California and the Western and Southeastern United States
• Major metropolitan areas that are relatively underserved by retail
• In-line shop space comprising no more than 25% of total projected revenues at stabilization
• Out-parcels will typically be on-ground leases
• Average acquisition cost: $35 million
• Projected investment life: Up to 10 years