What We Do

GRI offers a full line of acquisition, development, construction, leasing, asset and property management, brokerage, finance and consulting services. Our diverse team of real estate professionals have years of experience managing thousands of square feet of leased area, as well as numerous land and building sales transactions.

Acquisitions

As representatives of both institutional and private joint venture partners, we acquire best-in-class open air centers that are located in major metropolitan areas.   Our acquisition team’s functions include the sourcing of opportunities, financial analysis, due diligence, and transactional closing on acquisition opportunities. We ensure that they meet our company and investors’ return criteria.

 

  • Market:    Metropolitan areas with an MSA population over 1 million.
  • Population:  > 40,000 people
  • Neighborhood Centers: 3 miles
  • Power Centers: 100,000+ people within 5-7 miles.
  • Income:    Average household income should be in the upper quartile of the MSA.
  • Size:   75,000 – 1,000,000 sf GLA
  • Location:   Major arterial corner with traffic signal(s) preferred. All shops clearly visible from street.

asset management

GRI provides premier management services to our clients with a unique owner/landlord perspective when managing, renovating, re-positioning and leasing shopping centers.

We research and review a project’s trade area to determine how to best re-position, redevelop and lease existing assets to achieve their full income potential.

GRI is able to respond quickly and effectively to our client’s needs. Operating costs are always carefully weighed against the long-term goal of preserving and protecting the real estate assets. GRI manages the physical operations of our clients’ properties in addition to handling all aspects of operational requirements which include leasing,
marketing, financing and property management.

 

Financial Services

GRI provides a full range of financial services tailored to fit the needs of our clients. Our services include (but are not limited to):

  • Prepare annual budgets. financial statements, monitor capital expenditures
  • Manage cash flow and prepare projections for equity distributions
  • Due Diligence for originating and refinancing loans
  • Tax Planning and Compliance
  • Manage CAM, tax and insurance reconciliations and audits for tenants
 

For further consideration

please contact Bruce at

bruce@gershensonrealty.com