INVESTMENT CRITERIA

INDUSTRIAL

Bristol Group, Inc.'s industrial strategy focuses on multi-modal nexus points on the global pathway of goods. Bristol Group acquires Class A properties, and re-positions/re-develops Class B and Class C properties which will cash flow quickly, creating value over the long term and producing outsized returns for investors.

SELF-STORAGE

Bristol Group, Inc. has been investing in the self-storage sector since the late 1990's, and currently owns self-storage facilities across the United States totaling over 1,000,000 square feet.

VALUE ADD

Bristol Group, Inc.'s value add strategy takes advantage of the firm's investment and operational expertise to unlock asset value through strategic transaction structures, turnaround plans, and a deep understanding of market conditions.

INDUSTRIAL

Acquisition Criteria

Minimum Investment: $2 million

Infill markets and targeted submarkets include:

  • New Jersey/New York: Exit 10 to I-80 along the I-95 corridor, from the Hudson River to I-287
  • Chicago: I-55 Corridor, DuPage County, OHare, Elgin, and Lake County
  • Southeast Florida: Dade and Broward County
  • Southern California: South Bay, Orange County, Mid-Counties, San Gabriel Valley, and the Inland Empire West
  • Seattle: Kent Valley, Seattle, and Tacoma/Fife

Distribution, general purpose, and light manufacturing industrial buildings with the following characteristics:

  • 40,000 sf – 500,000 sf distribution buildings
  • 20,000 sf – 100,000 sf general purpose industrial & light manufacturing buildings
  • Multiple building portfolios
  • Functional and flexible buildings with less than 10% office finish
  • Clear height appropriate to the market
  • Airfreight buildings
  • Good truck maneuverability with dock high & grade level loading
  • Sufficient car and trailer parking

Transaction types include the following:

  • Core, value-add and development of one-off properties or industrial parks
  • Debt in loan-to-own scenarios
  • Buildings with significantly below market leases
  • Outdoor storage, container storage, and parking in proximity to ports

SELF-STORAGE

Bristol Group is expanding its self-storage portfolio across the United States by pursuing:

  • Acquisition of existing facilities
  • Acquisition of brand new facilities at the “certificate of occupancy” stage
  • Ground up development of new facilities
  • Conversion of non-purpose built facilities/adaptive re-use
  • Primary Site Attributes:
    • Net Rentable Square Footage of Facility: 40,000 – 100,000
    • 3-Mile Population: 50,000+
    • Submarkets with attractive supply & demand characteristics for self-storage
    • Land Parcel Size: 1-7 acres

VALUE ADD

Acquisition Criteria

Minimum Investment$10 million

Bristol Group invests in the following types of assets:

  • Assets which may require recapitalization, re-tenanting, or re-positioning
  • Apartments, retail, office, land, and alternative use assets

Transaction types include the following:

  • Infill location with strong demographic momentum
  • Off-market deals selling at 30-60% of replacement cost
  • Multiple product type/family-operated portfolios concentrated in one or two markets
  • Ownership fragmentation or complex capital structures
  • Asset sales requiring rapid due diligence and capital infusion
  • Over-leveraged or under-capitalized assets
  • Non-performing debt on assets or platforms
  • Under-utilized or under-managed assets or land