Disciplined, Thorough and Repeatable Underwriting Process
Disciplined, Thorough and Repeatable Underwriting Process
VEREIT’s Underwriting team is a critical part of the acquisition process and plays a key role in ensuring each property is a worthy addition to our owned and managed portfolios. We carefully analyze each deal to ensure every asset added to the portfolio is a strong investment. During the acquisition process, the Underwriting team performs thorough research including:
» Tenant, credit and lease analysis
» Review of market data and sales comps
» Ordering environmental studies
» Physical inspection of the property
» Review of all third-party due diligence reports for the asset including:
Environmental assessments | Tile/survey/zoning reports | Property condition reports
The Deal
VEREIT is focused on properties with long-term triple- or double-net leases. We will seek existing assets via acquisition or sale-leaseback, or partner with developers or tenants in build-to-suit, sale-leaseback or forward commitment transactions.
The Tenant
VEREIT primarily acquires properties leased by creditworthy tenants in necessity retail; quick-serve, casual and family dining; and mission-critical office and industrial properties.
The Real Estate
Retail
» Main retail traffic thoroughfare
» Other complementary retail uses
» Strong demographics
» Visibility
» Ingress/egress
» Parking
Office
» Strong employment base
» Strong local economy
» Good office park
» Adjacent to freeways and mass transit
» Parking
Industrial
» Adjacent to freeways and highways
» Proximity to ports or rail yards
» Cross-docking (or ability to be cross-docked)
» Truck parking and maneuvering
» Quality industrial parks