AGGRESSIVE ACQUISITIONS PLAN
Waterstone Properties is focused on expanding its retail portfolio in high growth markets along the eastern seaboard, targeting existing shopping centers with unrealized upside by leveraging Waterstone’s deep in-house expertise and core competencies in leasing, development, and active asset management.
Our strategy is rooted in strong supply and demand fundamentals within suburban markets and secondary cities, presenting a compelling acquisition opportunity. By leveraging our existing infrastructure and strong tenant and broker relationships we can acquire and reposition underperforming centers, unlocking value and delivering opportunistic, risk-adjusted returns.
As part of this expansion, Waterstone aims to acquire approximately $250 million in gross asset value (GAV) over the next several years.
SELECTION CRITERIA
MARKET CRITERIA
East Coast
Secondary Markets
With High Growth & Proximity to Highways
PROPERTY CRITERIA
Underperforming, high vacancy neighborhood shopping centers & locations with build to suit options
VALUE ADD EXPERTISE
Leverage 20+ years and 1,000 tenant relationships, market analysis experience & apply mixed-use knowledge
RISK TOLERANCE
$150M - $200M invested in 24 months, target acquisition of $5M - $40M & deal level IRR of 20%+
EXIT STRATEGY
Hold period 6 – 7 years & manicured prospective pool across buyer options
THE TEAM
JOSH LEVY
Principal
NEAL SHALOM
Chairman, Principal
RICHARD GREER
Chief Investment Officer
[email protected]
ALEXANDER WHITE
SVP, Leasing
[email protected]
MARK COTTON
Director, Capital Markets
[email protected]
JACK FISHER
Senior Associate, Capital Markets
[email protected]
RECENT ACQUISITIONS
Feb 24, 2025: Waterstone Properties
Waterstone Properties Group Acquires $30 million Retail Condo within Braintree Marketplace
Read MoreTHROUGH OUR MISSION
Unlock the power of place.
OUR VISION
To enhance the health and prosperity of every community we touch.
IN A BUSINESS THAT WILL
Build highly-personalized strategies and partnerships to deliver exceptional growth.