Our acquisition criteria are outlined below:

• Property Type
  Commercial office (primarily Class A, some Class B) located in central business districts or urban infill locations. These properties may be multifamily residential, mixed-use, or retail.
  
• Opportunity
  Under-performing properties that have occupancy problems or expansion potential, or require repositioning, such as renovations, upgrading, or new development.
  
• Transaction Size
  $10 million and higher.
  
• Geography
  Sunbelt region, with a particular focus on metropolitan statistical areas (MSAs) of 1,000,000 people or more in the Southeast and Southwest.
  
• Pricing
  We generally seek properties priced below replacement cost, which can also generate attractive initial yields.
  
• Investment Returns
  Parmenter Realty Partners looks to generate compounded annual returns, net to investors, of 15% to 20%.