Acquisitions and Dispositions

Aston Properties has been buying and selling commercial real estate assets since the firm’s inception in 1980.  Pre-2009, the bulk of Aston’s acquisition and disposition efforts were focused on executing 1031 tax deferred exchanges for our legacy portfolio.  Tactical 1031 exchanges remain an integral part of our acquisition platform — and one of the firm’s core competencies.

In 2009 amidst the financial crisis, Aston developed a strategic initiative to acquire opportunistic and value add assets that would leverage the companies’ deep market knowledge, tenant relationships and access to investment capital.

Since 2009, Aston has acquired more than $100,000,000 of commercial real estate debt and fee simple assets using private and institutional capital.

Aston focuses on identifying and acquiring undervalued, mismanaged commercial real estate assets that typically share one common attribute — fundamentally sound locations within their respective market.  The investment – management – disposition process is a team effort that touches many of the firm’s functional areas.   Each asset is rigorously underwritten, expertly managed and either sold or recapitalized with discipline in order to deliver superior risk adjusted returns to our investors.

Product Type (Fee-Simple and Debt Assets)

  • Retail Value Add and Opportunistic
  • Storage Market Specific Value Add and Opportunistic
  • Office Market Specific Value Add and Opportunistic
  • Industrial Market Specific Value Add and Opportunistic
  • Residential Market Specific Value Add and Opportunistic

Aston sources Value Add and Opportunistic investments via non-conventional and direct channels.

  • Distressed Debt and REO Assets: Banks and lending entities desiring to off-load properties from their balance sheets or assets which cannot be recapitalized.
  • Assets under Financial Distress: Owners and institutions holding assets with term loans, inadequate capital reserves, or assets faced with equity insolvency that do not meet current market underwriting standards.
  • Development Distress: Fractured development projects requiring recapitalization.
  • Operating Company Insolvency: Reassigned property, portfolio or platform rights from operating companies with liquidity issues.

 

Please contact our Director of Acquisitions and Dispositions, Jamie Kneisel, for more information.