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.

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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.

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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.

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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