Partnering with SJI Properties

If you have a multifamily, industrial, retail, or office asset deal and are considering selling, contributing to the [ABC] Fund, or partnering with us through [ABC], we'd love to hear more about your property.

Conventional Asset Acquisition

SJI Properties invests across diverse asset classes such as multifamily, industrial, retail, and office. We pursue value-add and underpriced opportunities, as well as opportunistic investments.

Investment Criteria

Total Capitalization

$10 ‒ $100M

Target Property Level IRR

15%+

Target Hold

2 ‒ 10 Years

Target Debt

65% LTC

Criteria by Asset Type

Our investment strategy spans various geographic markets and asset classes, with a primary focus on identifying unique acquisition opportunities in the following five classes.

  Multifamily Assets

A- to B Classes

Value-add Class A- to B Investments

Renovate individual apartment units, amenities and common areas so rental rates and value can be increased. Properties over 200 units are preferred.

A- to B Classes

1980’s+ with strong preferences for 2000’s+

200+

A Class

Under-Valued Class A Deals

Target newer construction properties priced below replacement cost at an attractive basis. Our goal is to increase property performance to create income or value appreciation.

Solid Demographic and Submarket Metrics

Loan Assumptions and Equity Recaps

Value-add Class B and C Assets

Undervalued or under-occupied/strong locations that provide opportunities for creating value through additional leasing, raising below market rent, or at attractive pricing.

Criteria

1970s+

Multi-Tenant

100,000+

Unique Opportunities

SJI approaches these property types with a merchant mindset. We seek assets generally used for staff workplace and corporate settings, or used for shopping and entertainment. We view these assets though an opportunistic lens, where well-located properties can be improved by fixing a problem and exited upon completion.

Criteria

1970s+

Opportunistic with Higher IRR Target (18%+)

Approx. 2-4 Years

Ways to Work With Us

Joint Venture with SJI

Our strategy is focused on real estate in positive economic markets with job and population growth. We’ve accumulated numerous contacts from across the nation from which we seek opportunities and partnerships. Generally, we target 8% cash-on-cash and a 90% MLG / 10% sponsor equity split, but are open to other options. Download our Joint Venture Brief.

Direct Acquisitions

We target multiple asset classes for direct purchase, including in states where we are located, or a state where we have long-established relationships.

Legacy Fund

The Legacy Fund was specifically designed to provide owners of commercial real estate the option to dispose of their property while benefiting from an investment in a professionally managed, diversified real estate fund. Owners may contribute their property via a tax deferred transaction in exchange for units in the fund. Additional benefits are explained below.

1031 Exchanges and Managed Accounts

Lean on our expertise in real estate to help create a custom solution based on your specific needs. Our approach is focused first on capital preservation, followed by income and appreciation to maximize after-tax returns.

I have a Property for Sale

At SJI, we’re looking to purchase commercial multi-family, industrial, retail and office assets. We are not seeking single-family homes.

I’d like to Start a Joint Venture

We are always looking for investment opportunities, especially from sponsors who are experts in a given market.