1980’s & 1990’s Class B garden - style (2 or 3 story) properties in fast growing, business friendly regions. Panther acquires properties with significant rent gaps between Class B and new construction and makes substantial interior and exterior upgrades which drive strong rent and net operating income (NOI) growth. Once renovated, our product is best - in - class while still maintaining a generous discount relative to Class A rents.
Panther searches for special situations in the office category. Examples include a tenant - in - tow at the time of acquisition or a sponsor occupied building.
1960’s - 1980’s Class B infill locations in large, growing cities. These properties sit in irreplaceable locations “inside the loops” of city centers where last mile delivery capability is critical for e -commerce and other local services. Zoning for new construction is difficult to obtain and is extremely expensive in these locations.
Panther specifically targets dominant shopping centers in primary or secondary markets with existing tenant profiles that either benefit from, or are defensive against, e-commerce trends. These retail centers are supported by strong local demographics.