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

Property Acquisition Analysis

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

Retail Real Estate

» Main retail traffic thoroughfare
» Other complementary retail uses
» Strong demographics
» Visibility
» Ingress/egress
» Parking

Office

Office Real Estate

» Strong employment base
» Strong local economy
» Good office park
» Adjacent to freeways and mass transit
» Parking

Industrial

Industrial Real Estate

» 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