Acquisition Criteria

Carlyle Development Group (CDG) is consistently seeking higher than normal returns on its investments, through acquisition of select non-performing real estate and first mortgages, or high-quality properties in distressed markets, which have substantial upside potential, usually due to the following profiles:

Seller Profiles:
1. Distressed and Unqualified Owners
2. Quality & Semi-Quality
3. High Cash Flow or Low Replacement Cost
4. Excellent-Medium Locations

Property Profile:

a) Regional Malls
Size: 400,000sf - 1,800,000sf.   
Location:Location: East Coast, Midwest, Southeast Texas (Major Metropolitan Area
Minium Occupancy: Preferably 55% of Mall

b) Office Buildings & Shopping Centers (Regional, Community)
Size: 80,000sf - 450,000 sf.
Location: Northeast (NY, NJ, CT, PA, DE, D.C.) Houston, Texas (metro), Atlanta, Georgia (metro) Tampa, Florida, Miami, Florida
Minimum Occupancy: Preferably 45%

c) Residential Apartments; (Low-Rise, High-Rise Townhouse Complexes
Size: 100-700 unit
Location: Philadelphia, PA, New York, NY, Miami, Florida
Minimum Occupancy: Preferably 35%