Acquisitions

ConcourseCCP Commercial Real Estate (CCP) sources and provides institutional grade investment opportunities in commercial real estate. We have a team of top industry talent and an investment strategy to take advantage of any real estate market cycle. Our approach provides individual investors access to investment opportunities that are typically reserved for well capitalized institutions.

Investment Strategy

CCP Commercial Real Estate is focused on the pursuit of value-added and core-plus assets, which fit the following criteria: (a) high growth MSA’s in Mid-Atlantic and Southeast, (b) middle market transactions valued between $10MM - $75MM, (c) office and industrial properties, (d) distressed assets or fatigued owners, (e) priced significantly below replacement cost, (f) provide average cash yields of 8 – 12% and realistic target Internal Rate of Return (IRR) of 15-18% with current cash flow emphasis.

Investment Criteria

  • Multi-tenant Office, Office- Flex, and Industrial properties with diverse tenant mix, positive cash flow, and staggered lease expirations to minimize downside risks.
  • Philadelphia/New Jersey, Hampton Roads, Richmond, Raleigh/Durham, Charlotte, Nashville, Greenville, Jacksonville, Tampa and Charleston.
  • Purchase price at significant discount to replacement cost.
  • 70% – 90% occupancy rate per property with an opportunity for attractive NOI growth.
  • Average cash on cash yields of 8 -12% with moderate leverage.
  • Realistic target Internal Rate of Return (IRR) of 15 -18% with current cash flow emphasis.

Competitive Positioning

  • Strategic relationships with the most talented brokers in the industry to source opportunities.
  • Demonstrated ability to achieve value creation through a strong focus on management and leasing.
  • Strong focus on tenant relationships and retention with average renewal ratios above 75%.
  • Our expertise enhances capital and leasehold improvement plans.
  • Track record of stabilizing assets through value add lease-up strategies.