Sterling American’s Acquisition team has overseen the purchase of over $3.5 billion in real estate assets since 1991. The team is comprised up of six senior officers each responsible for a different region and asset class.
Sterling American follows a detailed and a thorough “due diligence” process and a conservative approach to underwriting for each and every asset considered for acquisition. At present, Sterling American receives more than 5,000 asset solicitations a year. Using a proprietary format, the team evaluates prospective investment opportunities quickly and accurately, carefully balancing upside potential against downside risk.
The team approach includes a focus on leasing and market conditions, capital expenditures and the opportunity for value enhancement.
Once an asset is deemed a candidate for acquisition, the Team conducts a systematic and thorough due diligence process including, but not limited to, an in-depth financial review of the property’s operations, extensive physical plant inspections, market tours and legal review. After the acquisition decision has been made, the team acts promptly to close transactions.
Sterling American is currently acquiring properties through its fifth fund Sterling American Property V . This $609 million fund has a leveraged purchasing power of over $2.5 billion. Sterling American Property V is seeking multifamily, office, retail and industrial properties in the United States, with an investment value over $20 million.
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