A: JBL generally prefers to own all of the anchor space in a shopping center, although we will consider just the inline stores and pad sites for high quality properties in outstanding locations, especially if the center offers an opportunity for value added returns.
A: We have a strong preference for shopping centers generating (or capable of generating) strong repeat consumer traffic. In addition to grocery-anchored centers, we own and actively acquire properties with less traditional anchors, including retailers that are leaders in a particular region or category, or are particularly well matched to a center’s demographic market.
A: JBL seeks markets in the TOP 25 MSA markets. But as a privately held, long-term investor, we are a natural buyer of well positioned centers located in less traditional markets, including smaller cities and secondary regions.
A: Yes, JBL is always interested in acquiring a portfolio or package of shopping center properties, and we have the capital to make these acquisitions a reality.
A: Yes. With our strong tenant relationships and leasing expertise, JBL can evaluate the probability and cost of renewing the tenant or re-leasing the space to a new, more appropriate anchor tenant.
A: Yes, depending on factors including the remaining term of the lease and the predictability of future rental payments. We usually require higher yields on properties subject to a ground lease.
A: While we typically prefer a 100% ownership interest, we will consider partial interests on a case-by-case basis.
A: Yes, but only when we have enough information to value a property accurately. JBL is always available to meet property owners who are considering whether or not to sell an asset, and we find this approach far more effective than making uninvited offers.
A: Yes. With strong in-house capabilities supporting all critical real estate, financial, legal and reporting services, JBL operates every property with the insight and care of an owner, not a hired hand, ensuring third party assets are managed as if they are our own.