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APPROACH:
ACQUISITION ACCUMULATION
Based on its disciplined
analytical approach, Highridge, in 1996, identified
a market disintermediation opportunity and
developed a strategy to acquire a portfolio
of grocery-anchored retail centers in California.
The firm quietly established a “war room” that
analyzed local markets, specific locations
and demographics as well as job growth, grocery
sales, tenant mix, renovation opportunities
and rent potential for 4,500 centers. In just
14 months, Highridge acquired 21 centers that
met its criteria and added substantial value
through renovations, upgrades and new tenants.
It then realized a substantial gain by selling
the entire portfolio to a major REIT. |
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