Criteria
What we look for.
Our published criteria, the same as on caldrion.com. If an asset is close, send it anyway and tell us why it fits.
Criteria
Criteria at a glance
Brokers are protected on off-market transactions.
- Transaction size
- $20M–$150MGross asset value
- Equity check
- $10M–$75MPer transaction
- Geography
- Primary and secondary US marketsFocus on the Sun Belt, Mountain West, and Southeast
- Multifamily
- 100+ unitsGarden-style and mid-rise communities built 1985–2015
- Industrial
- 20K–200K sq ftMulti-tenant light industrial and shallow-bay warehouses
- Specialty
- High-barrier niche assetsData centers, cold storage, and medical office buildings
- Business plan
- Value-add or core-plusRenovation or lease-up, or stable assets with upside
- Target returns
- 15%+ net IRR1.8x+ equity multiple
- Structure
- All-cash or joint ventureJoint ventures typically 90/10 with an operating partner
We aim to give initial feedback within 72 hours of receiving a complete package. Check fit on caldrion.com.
01How to read them
Guides, not rules.
The ranges below guide where we spend our time. We look at transactions of $20M–$150M in gross asset value with equity checks of $10M–$75M, in primary and secondary us markets. They are not a promise to invest, and every acquisition is decided by Caldrion’s investment committee.
Caldrion is a single family office: it invests only its own capital, has no outside investors or clients, and does not offer securities.
02What to send
A complete package.
Links, not files. A complete package gets the fastest answer.
- Link to the offering memorandum (OM) or executive summary
- Link to trailing 12-month financials (T-12) and the current rent roll
- Link to a high-level capex budget or renovation scope, if applicable
03Outside our mandate
What we don’t do.
- Assets outside the United States.
- Big-box bulk distribution: we favor versatile, smaller-bay industrial assets that serve a diverse tenant base.
- Property types outside our three sectors, such as conventional office, retail or hospitality.
- Business plans that depend on rising markets rather than on operating improvements we can control.
- Commitments to blind pools or to someone else’s investment vehicle: we invest directly in assets, on our own balance sheet or in a joint venture.
Criteria
Have an asset that fits?
Share links to the offering memorandum, T-12 and rent roll through one short form. A decision-maker reads every complete submission.