Strategy
We strive to be leaders in real estate, with a primary focus on industrial and multifamily — two asset classes that perform well during all four phases of the economic cycle. We pursue ground-up development opportunities as well as existing assets that have redevelopment potential or the ability to add density. A summary of our deal criteria is below.
01
Industrial
Regional Distribution
- Large tracts of land (200 acres or more that can be assembled) identified by local community leaders for a public-private partnership
- Pro-growth community that desires a partner with a proven track record of large-scale job-generating land development
- Located in major trucking corridors with a substantial labor pool within a 30-minute drive time of a major metropolitan area
- Substantial barriers to entry (barrier may be an economic incentive package that provides TriStar and the community a major competitive advantage)
Last Mile
- Metropolitan area with a population of 1,000,000 or more
- 10-150 acres
- Close to circumferential highway
- Near highway interchange (within 1.5 miles)
- Will demolish obsolete structures and remediate environmental contamination if necessary
02
Multifamily
Suburban Apartments
- Sites zoned or that can be zoned for 120 – 240 units (willing to undertake extensive zoning efforts for an exceptional location)
- Densities of 15-40 units per acre
- High level of walkability (by suburban standards) to amenities such as parks, shops, restaurants or medical facilities
- Sites may include retail buildings that can be demolished and combined with shop space and other uses to create mixed-use environments
- Good highway accessibility (no more than a 25-minute drive to major employment center) near grocers (within a 10-minute drive) and quality school districts