Main Street’s Stabilized Property ownership strategy is primarily focused on assets that have clear exit strategies upon fund liquidation. The investments can have limited credit or no credit. Our funds will generally target properties that are situated at (i) highly desirable street corners (ii) “main and main” intersections and are (iii) located within or in close proximity to urban mixed-use or multi-use environments. First consideration will be given to U.S. LEED certified investments in gateway markets as well as first and second tier cities with infill location characteristics.

The funds will also consider institutional quality real estate with existing bad debt (cost prohibitive prepayment penalties and rapid loan amortization) that significantly reduces the opportunity of completing a sale when compared to equally desirable investments not encumbered by debt.

Our locational quality stress test matrix that also takes into account construction quality and functional building design requirements precludes the acquisition of assets that are inferior to competing assets in the submarket. Strong consideration will be given to the following investments:

• Institutional quality real estate (Retail, Office, Industrial)
• Retail (Single Tenant) > 35,000 square feet
• Retail (Small Tenant - Banks, Convenience Stores, Casual Dining, Fast Food)
• Retail (“Ghost” Malls - that can be re-tenanted and “opened-up”)
• Office (Suburban Office Campus that can be redeveloped to mixed-use)
• Industrial (Dealerships, Automotive Manufacturing & Suppliers located within first-ring suburbs that can be redeveloped)

Main Street’s Development / Redevelopment value-added strategy is primarily focused on unlocking trapped value from assets suffering from either functional obsolescence or legacy code based zoning laws affecting the property. In addition, Main Street will consider a premier asset whose upside value is limited by either an anchor tenant with a long term legacy gross lease or an unfavorable debt structure which includes a rapidly amortizing loan or a near term maturity.

Main Street’s Structured Finance area offers a broad array of investment opportunities. We have extensive experience encompassing all major property types; office, industrial retail, and apartments. Main Street is not limited by any single capital formation strategy and can structure each asset to suit a seller’s needs as long as it corresponds with approved risk profiles and still meets the funds’ core purchasing strategy.

In addition, Main Street will consider a partial interest purchase if the firm and current sponsor both share the same values, vision, and transparency commitment concerning the asset.

• Note Sales (B-note or Construction)
• Partnership Recapitalizations (“Tired” Equity or partner replacement)
• Preferred Equity or Bridge Loans
• Forward Purchase or Credit enhancement (Can include tri-party agreement with third parties)

Main Street’s Land Entitlement strategy includes transforming investments that were originally constructed as a single asset development, separated by adjoining uses, and entitled using legacy code based zoning laws. Main Street will also assemble contiguous parcels in infill areas to allow for urban mixed-use development based upon new urbanism principals.

• Greyfield Sites (Existing low density development that can be redeveloped)
• Greenfield Sites (Raw land with existing anchor tenant interest but lacking junior anchor commitments)
• Infill locations