Covington Acquisition Guidelines (Industrial Properties)

 
Property Type: Warehouse, Bulk-Distribution (spec of 2nd generation), Industrial Buildings, Manufacturing Building Conversions
Transaction Size:  $2 to $ 30 million 
Capital Uses: Direct acquisitions, repositioning, recapitalizations, and restructures
Geographic Preference: Core and secondary distribution markets 

Transaction Profile: 

• Vacant buildings 
• Partially leased buildings with leasing risk for the balance 
• Corporate surplus 
• Buildings with additional land for expansion 
• Buildings that can be subdivided to meet avg. local tenant size 
• Environmentally challenged buildings 
• Multiple market building purchases 
• Sale leaseback investments (partially occupied or short term lease) 
• REO properties and distressed or non-performing mortgages 
• Transactions requiring a quick closing all cash 
 

Covington focuses on value-added real estate opportunities where complex processes must be navigated to successfully restructure or reposition the investment. We are actively seeking direct equity acquisitions or joint-venture relationships with experienced owners & operators to acquire or recapitalize real estate investments.

Contact: 

Michael D. Skunda     (614) 325-0939 
Covington Capital     mskunda<at>covingtoncapital.com 
47 South Liberty Street      www.covingtoncapital.com 
Powell, Ohio 43065

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