investment strategy
Core Principles
Northpond’s core principles have guided its approach to the changing retail landscape.
- Buy location over tenancy
- Find underutilized, unique irreplaceable buildings
- Focus on smaller, flexible, adaptable tenant spaces
- Invest in assets with values depressed by solvable issues, exploiting market inefficiencies
- Identify multiple paths to create value
- Mitigate risk and capitalize on opportunity through proactive asset management
Investment Strategy
Value Creation
Northpond identifies multiple value creation levers to drive NOI and create institutional quality assets.
- Sourcing & Ownership
- Financial
- Tenancy
- Physical Improvements
- Operational Improvements
Investment Strategy
Asset Selection
Northpond carefully selects what it considers to be well-located, non-commodity properties for repositioning to attract a broad range of potential tenants.
MICRO-MARKETS
- High barrier to entry, dense urban and infill-suburban neighborhoods with dynamic demand drivers
- Identify areas where people want to eat, drink, live, and work
BUILDINGS
- Emphasis on historical / irreplaceable properties
- Common area design and aesthetics
- Assets and locations positioned to outperform
TENANT SPACES
- Easily adaptable for multiple uses (retail, F&B, fitness, office, etc.)
- Differentiated experience for customers and tenants
- Manage capital and operating risk through thoughtful lease structuring
