Investment Criteria
RCG Ventures LLC (RCG) is a privately funded real estate investment group acquiring and developing commercial real estate in the Continental United States. RCG was founded in November 2003 by Michael Klump and Mike McMillen. In 2011, RCG was named the 60th largest retail landlord in the United States. RCG’s most recent fund raise was completed in December 2010, and will allow RCG to acquire approximately $300,000,000 of assets over the next several years.
Our mission is to become the prominent owner of multi-tenanted value added real estate in the Continental United States. We are achieving this goal by being a solution-oriented and problem-solving group. The combination of our significant capital resources and the ability to react quickly has proven to give us a competitive advantage in the acquisition market. Once acquired, our team of professionals has the operational experience and expertise to create optimal value.
RCG has four (4) platforms in which we are acquiring assets and growing our portfolio:
The first platform involves the acquisition of existing properties that are undervalued, underperforming, or need to be repositioned. Typically, these types of acquisitions have significant upside, and are commonly referred to as "value-added" projects. Our strong tenant relationships, combined with our capital strength, allow us to reposition assets quickly and efficiently. In addition, our typical transaction involves a seller with a greater than normal desire to close due to issues ranging from expiring debt, partnership dissolutions, divesture of non-core assets, anchor tenant vacating, and liquidity issues. RCG’s advantage includes the ability to close all cash, assume a loan, or creatively structure the transaction to meet the seller's needs.
The second platform is discounted note acquisitions. In today’s market, asset values have deteriorated and many projects have been over leveraged. Lenders are selling both performing and non-performing notes at a wide range of discount. RCG has been successful in purchasing performing first mortgages where we receive an above average return on our investment. In addition, we purchase non-performing notes with the understanding and ability to foreclose and take direct ownership of the asset. The note acquisition platform requires a strong capital base and in-house expertise to service the notes.
The third platform is development. The development platform consists of re-development and ground up development. Our re-development program focuses on shopping centers with vacant anchor spaces that can be reconfigured or repositioned to accommodate today’s tenant’s needs. Our ground up development program primarily focuses on build-to-suit projects or multi-tenant projects in which we have specific tenant interest in a site.
The fourth platform is for buyers or developers requiring equity to complete a transaction. On a selective basis, RCG is willing to enter into a joint venture partnership whereby RCG contributes equity to a qualified sponsor for new acquisitions, new developments, or a recapitalization. These transactions can be structured as a joint venture, mezzanine debt, or other method to facilitate the transaction.
Retail
| Location: | The Continental United States |
| Size: | 50,000 square feet or larger RCG will consider portfolios of all sizes |
| Price: | $3,000,000 to $50,000,000 |
| Financing: | All Cash or will structure to meet seller's needs RCG prefers assets with no debt in place. |
| Type of Deals: |
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| All sales packages that are submitted should include: | |
| Rent Roll Site Plan Anchor Sales Reports Current and Historical Operating Statements Any existing Loan Information Location Maps Photos (preferably an aerial) |
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RCG Acquisitions Team: |
| Jim O'Donnell, Central Region
jimo@rcgventures.com |
| Scott Werbel, Note Purchaser
scottw@rcgventures.com |
| Scott Tarbet, Southern Region
scott@rcgventures.com |
| Matt Klump, Mid-Atlantic Region
mattk@rcgventures.com |
