© 2013 by Robert Barber, CCIM PA. All rights reserved. Coastal Properties Group International is a Florida Licensed Broker

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COASTALVEST™

 

COASTALVEST™ is a private equity fund organized to invest in commercial real estate in West Central Florida. With our team of local experts on the ground we have a first hand knowledge the assets and the investment. Traditional funds cannot offer this localized control and monitoring of the investments.

 

The fund is sponsored by the principals of Coastal Commercial Real Estate (CCRE), a full service real estate firm with a strong track record of successful development, brokerage, and leasing services.  COASTALVEST™ focuses on providing capital for the development and acquisition of office and industrial assets, as well as creative convergence of retail in mixed use developments.  

 

Strategy

 

Generate current cash flow and long-term capital appreciation by targeting the acquisition and development of office, industrial, retail, and mixed-use properties that align with the following strategy:

  • Pursue opportunistic and value-add projects through CCRE (and other sponsors) pipeline of potential deals

  • Harness the expertise and track record of CCRE (and other sponsors) to target Office, Industrial, Retail, and Mixed-Use Projects

  • Focus on strong Secondary and Tertiary markets being overlooked by REITs

  • Utilize first-lien 3rd party debt at 70% to 75% LTV to provide positive leverage and enhance investor returns

  • Maximize IRR returns through the redevelopment of underperforming assets, aggressive asset management and opportunistic disposition

  • Provide superior risk adjusted returns with a target IRR to Investor Members of 15% or greater

  • The fund will generally seek cumulative equity investments of $1MM to $8MM

 

Criteria 

 

Upper Criteria

  • Strong secondary and tertiary markets. Population growth, Economic development growth, Regional destinations or hubs, Stable employment drivers

  • Office, Industrial, and/or Retail districts

  • Bedroom communities accessible to major thoroughfares

  • Expansion of infrastructure and government services

  • Growing downtown and core services

 

Lower Criteria

  • Superior property fundamentals relative to competition

  • Opportunities that leverage the investment team’s value-add analysis and  turn around strategy expertise in retail, office, industrial, hotel, or mixed use

  • Manage Downside Risks (with one or more of the following) Seek anchor tenant with strong credit, Below replacement cost, Sponsor with geographic expertise and proven track record, Aggressive pre-leasing or tenant lease renewal/extensions

  • Increasing levels of property cash flow to stabilization

  • Flexible financing structure, aligned with investment and exit strategy

  • Poised for property value appreciation