Investors

As a privately held, full-service, vertically integrated real estate investment firm, RockStep Capital treats your resources as our own. Protecting your wealth is one of our chief concerns. Our streamlined approach allows for comprehensive oversight amongst all of our Real Estate Verticals. By acquiring and revitalizing value retail assets, we are able to create market-leading returns for our investors, as evidenced by our extensive portfolio of successful retail investments. RockStep Capital has proven to be a world-class real estate services provider.

Typical Deal

We focus on minimizing risk while providing impressive, reliable returns to local investors. A typical deal is structured as a single-purpose entity with purchased asset cash flowing from day one. This enables RockStep to pay a competitive preferred return quarterly.

The holding period on a typical investment ranges from two to seven years, depending on whether the asset is a redevelopment/repositioning strategy or a long-term strong cash flow property.

Our typical waterfall structure is preferred return, then return of 100% of investor capital, and finally a split of the investment profits determined by risk factor.

Frequently Asked Questions

> What is a typical acquisition?

> What is RockStep’s acquisitions process?

> What value creation strategies does RockStep implement?

> How does RockStep lower the risk of an investment?

> Will an investor be required to sign a bank note or make additional contributions?

> What is the targeted holding period for the investment?

> Does RockStep make an investment in each project?

> What fees does the manager typically receive?

> What is the typical investor profile?

INVESTOR INQUIRY FORM

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Acquisitions & Dispositions

RockStep targets all shopping centers in the retail industry specifically well-anchored regional malls, grocery, power, neighborhood and community community centers in metropolitan and secondary markets. 

We have carved out a unique niche and are one of the top private investment buyers in the country of distressed retail real estate assets and realizing strong returns with our innovative revitalization strategies.

We invest alongside local investors and our existing and growing group of investors from around the country.

We believe the retail market has been tested for several years now. The assets have been stressed for so long, but traditional retail continues to stay highly profitable. While there is no doubt these properties need to be transformed, the current investment structure of malls has continued to be profitable.

RockStep likes to win! By concentrating our efforts on complex assets with transaction value of $5M to $75M where there is typically a scarcity of capital and less appetite for complexity, we feel we have an edge. We see opportunity in properties that provide challenges that we can overcome, through experience and ingenuity, to add value.

RockStep Acquisitions

RockStep is eagerly exploring emerging markets, seeking out value-add investments and working to identify stabilized properties with any of the following investment criteria:

  • Metropolitan and Secondary Markets
  • 50,000 Square Feet and up
  • Fortified communities that maintain highly desirable and quantitative amenities
  • Large Research University
  • Fortune 1000 Business
  • Top 250 hospital Network
  • Large-scale tourism
  • Military Bases
  • Low to no State income tax
  • Two Major intersections

RockStep is interested in acquiring

  • On Market Deals
  • Off Market Deals
  • Value-add deals – via renovation, lease-up, and/or capital improvements
  • Dominant regional malls in secondary markets
  • Functionally obsolete regional malls in need of repositioning
  • Anchored neighborhood or community shopping centers
  • Large national anchored power centers
  • Grocery anchored centers
  • Redevelopment centers
  • Properties in distress
  • REO
  • Lender Directed Short Sales
  • Bank Notes (Performing and Non-Performing)
  • Surplus real estate from retailers
  • Rollover risk and credit risk

Typical deal

A typical investment structure for RockStep usually looks like the following:

Single Purpose Entity

2 – 7-year hold

6-8% preferred return day one

Target minimum of 12% IRR