Our Focused Criteria
Fireside specializes in four principle types of properties:
Investment Strategy
Multi-Family
Self-Storage
Mixed Use
Industrial
Office Space
NNN lease
Investment Strategy
Our Investment strategy is to seek opportunities matching the following criteria:
- Located in the Midwest or Southeast Regions of the United States
- Primary states include: ND, SD, NE, KS, MN, IA, MO, WI, IL, MI, IN, KY, TN, OH,GA
- Fireside Financial has the ability to invest outside the primary states on a case-by-case basis
- Multi-Family Apartments, Self-Storage, Industrial, Office, Mixed Use
- Between $2 and $15 million in equity requirement
- Value-add and Ground-up opportunities
- Leverage between 60% to 80%
- Tier 3 MSAs or better
- No environmental issues
- Positive population growth past 3 years
Multi-Family
Focused Criteria for Multi-Family:
- 200+ Units
- 1970’s vintage or newer
- Property range from A- to D
- Location range from A+ to B
Self-Storage
Focused Criteria for Self-Storage:
- 50,000+ sq. ft. or ability to expand to 50,000 sq. ft.
- 10,000+ daily traffic counts
- Property range from A- to C
- Location range from A+ to B
- Less than the national average of square feet per person in a 3-mile radius
Mixed Use
Focused Criteria for Mixed Use:
- 150+ Units
- Commercial component 15,000 sq. ft.
- Property range from A- to D
- Location Range from A+ to B
- Multi-Family mixed with Office, Retail or Storage
- Storage mixed with Office or Retail
Industrial
- 150,000-500,000 sq. ft.
- Ground-up construction
- Location ranges from A+ to A-
- Warehouse/Distribution facilities
Office Space
Focused Criteria for Office Space:
- 50,000+ sq. ft.
- Property range from A- to B
- Location range from A+ to A-
- Credit rated tenants
NNN lease
- Triple and Double Net considered
- Single-tenant
- Preferred transaction size of $1.5 – $10 million
- Corporate or Personal Guarantor
- Minimum of 7 years remaining on base term
- Located in the Midwest
Investment Process
Fireside employs a disciplined process to generate superior risk-adjusted returns:
Establish
Theme
Experience
Relationships
Strategy
Evaluate
Market
Property
Underwrite
Plan
Execute
Due-Diligence
Finance
Manage
Perform
Exit
Evaluate
Timing
Position
Sale