We continue to build our real estate portfolio by identifying both undervalued properties and properties that will add diversification and stability to our existing asset base. Leveraging our entrepreneurial instincts, capital and expertise, we will continue to acquire residential and commercial real estate in growing markets that demonstrate strong economic fundamentals with the potential to achieve superior financial returns.
Coral seeks both core and value–add opportunistic real estate properties and developments. Our evaluation criteria is based on our property management experience, real estate financing expertise, and research intensive due diligence. Our financial and management professionals analyze market data from various sources in order to identify risk and capitalize on opportunities.
Property Types: Apartments and Community Shopping Centers
Geographic Focus: (l) Northeast Ohio. And (ll) Cities throughout Ohio
Transaction Size: $2.5 million to $20 million
Transaction Type: Stabilized or value-added (low occupancy, deferred maintenance, add-on development/vacant land)
Target Leverage: Loan-to-Value
Hold Period: As necessary
Retail Property Size: 40,000 sf – 200,000 sf (Grocery or drugstore anchored neighborhood and community centers)
Apartment Property Size: 50-250 units