Wafra's investments can be categorized into two areas:
Wafra targets stabilized investments that are seasoned, i.e. substantially
leased properties with future upside. Properties will be acquired based upon
existing cash flow.
Wafra targets opportunistic investments which may be:
- existing properties that are under-performing, which may have market-related and/or management induced occupancy problems, or require completion of construction or renovation.
- development projects which have been fully approved (zoning/environmental). Office, retail and industrial development projects require a minimum of 70% pre-leased on a net basis to investment grade tenants (Generally, S&P rating of "BBB" or better).
|
