TVH’s ACQUISITION CRITERIA

Texas Valley Holding’s real estate division develops and acquires commercial assets strictly for its own portfolio. Property types range from multifamily, retail, land, and ground-leases. Texas Valley Holding’s current portfolio consists of approximately 250,000 square feet of income-producing properties throughout the United States. We are aggressively pursuing acquisitions focusing on the following product, markets and general acquisition parameters:

PRODUCT FOCUS

  • Multi-Family
    • A or B quality asset
    • 20 to 50 units
    • Built in 2000's or earlier
    • Core or Value-add
    • 6.0% - 8.0% cap rate
  • Retail
    • Shadow-anchored (preferred, but not required)
    • A or B quality asset
    • Single & multi-tenant product
    • NNN lease structure
    • Built in 2000’s or earlier
    • Core or value-add
    • 6.5% - 9.0% cap rate
  • Land
    • Zoned for multi-family, single-family, or mixed-use
    • Parcel(s) over 2 acres (unless infill)
  • Ground-Lease
    • Leased Fee
    • Any product type (i.e., industrial, office, retail, etc.)
    • Ideally priced at or under land value with substantial improvements on the land

INVESTMENT PARAMETERS

  • $1 Million to $15 Million per transaction
  • High traffic count - over 50,000 VPD
  • ± 200,000 population within 5-mile radius
  • ± $50,000 average household income within 3-mile radius
  • Rent to sales below 8% for tenants that report
  • Stabilized property or properties with vacancy, rollover, or lease-up risk
  • Property that can be re-entitled for higher and better use
  • Distressed debt opportunities
  • Infill locations that have a presence near freeway(s) and/or primary airport(s)
  • Strong emphasis on underlying basis - below replacement cost

TARGET MARKETS

  • Arizona, California (southern & select areas in central and northern), Florida, Nevada, Tennessee, Texas, North Carolina, & Washington