We are currently in the market for office and retail space located in California’s Central Valley. These investments are targets for some of our “buy-and-hold” investment partners. We are actively looking for projects that meet the following criteria:

• Returns at or above 7% cash-on-cash
• High quality tenants with strong rental history
• Low vacancies
• Strong management in place
• Price point between $3-10MM

Unlike many of the other investments we target, we are looking for a “hands off” property here. We have a few key investors that are looking to purchase properties in the area. We plan on closing this project by the end of next quarter.