We know this industry inside and out. That’s why we’re as bold as we are approachable and collaborative. With over 10 million square feet and $1.5 billion in retail assets, our partners and investors trust us to deliver what we say we will.
Pacific Retail Capital Partners has proven expertise in identifying centers with strong fundamentals that are undermanaged and under-performing. These are properties that can be acquired and redeveloped into high-performing assets through active and focused capital management.
ACTIVE PROPERTY MANAGEMENT
BUSINESS DEVELOPMENT ENHANCEMENTS
PRCP targets centers in or near major metropolitan regions, with a specific focus on regional and open-air lifestyle and power centers that have lost touch with their surrounding community. Every aspect is considered, from location, highway access, and daytime population to competition, population growth, and economic market drivers. Whether a property is struggling from poor management, lack of modernization, or needs redevelopment, the PRCP team identifies all of a site’s requirements and value-add opportunities.
PRCP’s key strength is in identifying assets that have strong potential to transform into high-performing properties through a powerful portfolio of strategic disciplines.
PRESENCE + FORESIGHT
We are experts at being 100% in the moment while strategizing many steps ahead. This foundation of presence and foresight makes Pacific Retail an industry game-changer.
Pacific Retail Capital Partners’ goal is to transform each asset into a destination that brings value to the community and maximizes profitability. We invest in strong markets where a repositioned center will regain relevance and thrive as a dynamic gathering place for the community.
Informed by decades of collective experience, the Pacific Retail team has an innate understanding of the strategic renovations and repositioning best for each property. Renovation consideration will range from enhancing visual design and reconfiguring physical layout to modernizing facilities and adding lifestyle and entertainment elements. Consumer demographics, local tastes, and community preferences are identified and researched to develop a customized repositioning plan suited to the location and trade area needs. Business partnerships and brand alliances are developed as a part of strategic merchant realignment, transforming the tenant mix to best reflect the needs and wants of the community.
PRCP’s seasoned management team integrates digital technologies and strategic marketing to launch their branded asset and improve customer engagement through a local, social, and mobile outreach platform.
STRATEGIC MERCHANT REALIGNMENT
AWARD WINNING MARKETING
In conjunction with the transformation of a center, Pacific Retail Capital Partners takes a comprehensive approach to grow an asset’s value to create a property that draws guests and tenants alike, as well as attracting quality investors on exit from Investment.
Through leveraging deep retail management experience, PRCP serves as a turnkey operating partner for centers to maximize cash flow and improve operational efficiencies. Sales productivity, net operating income, data collection, dwell time and foot traffic are monitored and measured. Combined with a unique marketing outreach to the community and management best practices, these enhancements have attracted REITs and institutions as investors. From analysis and underwriting, to redevelopment and operations, PRCP provides in-depth guidance and expertise to improve the value for its investors and partners.
Pacific Retail Capital Partners is adept in crafting a compelling vision for the future of a specific asset and proficient in master planning to densify sites and bring more visitors to the asset. PRCP is driving the evolution to transform the regional mall into a retail-led mixed-use property.
Consumer real estate is rapidly evolving. The roles of the shopping center are being reimagined. Retail-led properties are at the forefront, providing a base from which mixed-use properties can emerge and flourish as meaningful destinations for the community to live, work, shop, dine and be entertained. As neighborhoods densify and a less auto-dependent culture arises, Millennials and Baby Boomers are relocating to largely ignored urban cores, seeking more compact, walkable lifestyles with ready-access to transit options, dining diversity, and retail spaces that support unstructured time. Mixed-use properties can deliver on these experiences and foster greater connection through dynamic shared space, added convenience, and active communities.
Pacific Retail is committed to strategically transforming assets into vibrant, relevant retail-led mixed-use properties that not only connect communities but deliver ongoing returns to tenants and investors.
PARTNERS + RELATIONSHIPS
Pacific Retail’s executive team leverages decades of collective experience with major national shopping center owners, which enables access to a continuous flow of transaction opportunities, many of which are off-market.
The executive team draws from relationships held at senior positions at Westfield, Federal Realty Investment Trust, Caruso, Rouse, Related, Madison Marquette and DRA Advisors. In managing a growing portfolio of regional shopping and open-air lifestyle centers, PRCP is the preferred operating partner for investors such as Blackrock, UBS, Goldman Sachs, J.P. Morgan, KKR, Silverpeak and Aareal Immobilien. PRCP also has direct lines of communication with and has recently transacted with best-in-class REITS, such as Simon, Brookfield (formerly GGP), Macerich and Vornado Realty Trust.
The result of our commitment to authentic relationship-building and partnerships founded in trust is a robust, direct pipeline of potential acquisitions with the proven ability to close quickly and successfully.