Shea Properties - Acquisitions Criteria

Unprecedented Expansion

Shea Properties is experiencing a period of unprecedented growth and is actively seeking viable sites in core locations in California, Colorado, Washington, and other key west coast locations. The table below outlines the basics of what the company looks for in new opportunities, but it is only a guideline. We are always open to compelling development opportunities, and always willing to listen and consider.

Apartments

Office

Retail

Industrial

Product Type

Apartments

Market Rate Garden, Mid-Rise, and Wrap Style Apartments.

Mixed Use Developments may include a significant retail component.

Office

Build-to-suit and spec office.

Re-imaging of existing office parks.

Low, mid or high-rise construction.

Retail

Ground up new construction or rehab/renovation of existing center.

Grocery anchored preference or promotional retail with strong national or regional anchors.

Industrial

Industrial buildings from 50K-250K SF with 5-10% Office.

Target Markets

Apartments

Southern California (Orange, Los Angeles, Ventura, and San Diego Counties).

Northern California (Bay Area).

Washington (Seattle/King County).

Downtown Denver, Metro Denver, Cherry Creek, DTC and Meridian.

Office

Downtown Denver, Metro Denver, Cherry Creek, DTC and Meridian.

Retail

Southern California (Orange, Los Angeles and San Diego Counties, Inland Markets).

Northern California (Bay Area, Sacramento).

Downtown Denver, Metro Denver, Cherry Creek, DTC and Meridian.

Industrial

Southern California (Orange, Los Angeles and San Diego Counties, Inland Empire).

Northern California.

Metro Denver, DTC and Meridian.

Location / Quality

Apartments

A+ to B, preferably in-fill, urban and suburban locations.

Office

A+ in DTC and Meridian International Business Center, other locations on spec.

Retail

A+ with strong preference for mixed use urban in combination with Shea Apartments.

Industrial

A+ to B, preferably in-fill, urban and suburban locations.

Community / Size

Apartments

Minimum of 150 apartment homes.

Office

40K SF to 200K SF.

Retail

Minimum of 60K SF.

Industrial

Land from 10-100 acres. Buildings from 50K-250K SF. Business Parks up to 1M SF.

JV Opportunity

Shea Properties will partner with owners who contribute their property for re-development. Shea Properties will typically co-invest in the project and serves as developer, manager and general partner of the property.