 |
|
| Search RENTV |
 |
|
|
|
| Video Programs |
|
| News |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| R. E. Marketplace |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Executive Subscribers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9/13/12
|
DJM Capital Partners (DJM) is marketing for sale a four-property, 962k sf retail portfolio in Southern California. DJM has retained HFF to handle the marketing efforts for the predominately grocery-anchored properties, known as the DJM Retail Portfolio.
The equity contribution will be used to recapitalize the portfolio and an investor priority for future retail investment opportunities. The requested funds will be distributed to long-term existing investors on a pro-rata basis, while principals of DJM will maintain significant equity positions in the portfolio going forward. DJM will maintain day-to-day management responsibilities of the properties.
DJM Capital Partners is looking for an equity investor with a shared strategy focused on acquiring dominant retail assets in strong local economies with good demographics and high barrier-to-entry markets along the West Coast. DJM will carefully evaluate and realize each opportunity to add value through property/asset management, branding/marketing, leasing, renovations or development.
The properties are located in primary retail nodes in the cities of Lakewood and Torrance in Los Angeles County; the city of La Habra in Orange County; and the city of Ventura in Ventura County. The portfolio has an occupancy level in excess of 96 percent as of June 30, 2012. The tenant roster is dominated by nationally recognized tenants with three of the four portfolio properties having grocery anchors. DJM acquired the portfolio in 2003 and 2004 and has managed it since that time with historical occupancy since 2005 averaging in excess of 96 percent.
The HFF team representing DJM Capital Partners is led by managing director Bryan Ley along with director John Crump, senior managing director Michael Leggett and managing director Peter Smyslowski.
|
|
 Return to the Archive page
|
|
|
|
|
|
Printer-friendly Version
Email an Associate
