Our strategy is to acquire multi-tenant industrial properties below replacement cost in growing markets that meet our strict investment criteria. Our criteria optimizes yield, return and risk for our investors.
Avistone seeks high-yielding, cash-flowing properties to cover a preferred return of 8% to our investors, along with a targeted IRR greater than 14% over a three-to-five-year investment period. On value-add acquisitions, we seek IRRs of 20% to 30% over similar investment horizons. At all times, we mitigate risk with competent market analysis, acquisition at below replacement cost, focused asset management, intelligent use of capital and a prudent divestiture plan.