Our investment strategy centers around value-add and opportunistic investments and development projects. We target opportunities with strong fundamentals and sustainability through all aspects of the real estate cycle. We execute our business plan to maximize value creation for each investment, to achieve the highest risk-adjusted returns for PEBB and our strategic joint venture partners.  

PEBB has a proven track record of successfully acquiring, managing, operating, leasing, redeveloping, and stabilizing commercial real estate for the past 50 years. The structure of our private equity family office allows us to be nimble and move quickly through the due diligence process to close on targeted acquisitions. We are vertically integrated to execute efficiently and effectively and are seeking acquisitions to deploy our capital alongside our strategic partners. 

We typically underwrite each investment to a medium-term holding period of five (5) to seven (7) years. Through each portion of the cycle, we are evaluating the most appropriate time to refinance or sell an asset to maximize accretion, which is aligned with our business strategy.  

Our Acquisition Criteria

PEBB Enterprises employs a nationwide strategy of acquiring and developing open-air retail, suburban office, and mixed-use commercial properties across the country. We prioritize acquisition opportunities in PEBB’s home state of Florida, especially in South Florida. Our acquisition criteria are detailed below.

 

Acquisition Size:

PEBB’s transaction sizes (including equity and debt capitalization) range from $20 million to $150 million for retail, office and mixed-use projects that are typically at least 50,000 square feet. Our strong industry reputation and partnerships enable us to pursue large-scale acquisition and development opportunities that total hundreds of thousands of square feet.

 

Targeted Investments:

Our deep-rooted relationships in retail investment and development lead us to value the right neighborhood and regional shopping center opportunities, with a particular focus on grocery-anchored centers. PEBB also targets suburban office building and portfolio acquisitions. We are increasingly acquiring commercial land for future development of retail, office, and mixed-use projects. PEBB can seamlessly execute on the purchase of sub-performing or non-performing loans secured by properties, in addition to the direct acquisition of individual deals and/or portfolios.

 

Property Characteristics:

PEBB takes a flexible and nimble approach to its acquisitions. We are open to Class A and B and value-add opportunities and will take on assets with expiring debt, below-market rents, co-tenancy issues, vacant anchors, or other forms of distresses. We will acquire stabilize properties from motivated sellers. Opportunities to purchase at below replacement cost, particularly in markets with high barriers to entry, are especially appealing. PEBB also seeks redevelopment and repositioning opportunities at sites with excess land and/or outparcels.

 

Deal Structures:

Our flexibility allows us to utilize a variety of deal structures. These include all-cash acquisitions, assuming existing debt, obtaining seller financing, acquisition financing through relationship lenders, or purchasing distressed debt. We are also open to tax-deferred deal structures. PEBB often forms strategic GP/LP joint ventures for acquisition and development opportunities.

Recent Case Studies

  • cases 1801 Building

    1801 Building

    Boca Raton, FL

    1801 Building

    1801 North Military Trail,
    Boca Raton,
    FL

    Space Available

     read 1801 Building data
  • cases Restaurant Row

    Restaurant Row

    Boca Raton, FL

    Restaurant Row

    Butts Rd & Town Center Rd
    Boca Raton,
    FL 33431

    Space Available

     read Restaurant Row data
  • cases Research Park at FAU

    Research Park at FAU

    Atlantic Ave

    Research Park at FAU

    8778 W.
    Atlantic Ave.

    Space Available

     read Research Park at FAU data
  • cases Boca Corporate Plaza

    Boca Corporate Plaza

    Boca Roton, FL

    Boca Corporate Plaza

    7900 Glades Road
    Boca Raton,
    FL 33434

    Space Available

     read Boca Corporate Plaza data
  • cases Soundview Marketplace

    Soundview Marketplace

    Long Island, NY

    Soundview Marketplace

    10 Shore Road,
    Long Island,
    NY

    Space Available

     read Soundview Marketplace data
  • cases Plaza Delray

    Plaza Delray

    Delray Beach, FL

    Plaza Delray

    8778 W. Atlantic Ave.,
    Delray Beach, FL

    Space Available

     read Plaza Delray data
  • cases Rainbow Promenade

    Rainbow Promenade

    Las Vegas, NV

    Rainbow Promenade

    N. Rainbow Blvd.,
    Las Vegas, NV

    Space Available

     read Rainbow Promenade data
  • cases Cheyenne Commons

    Cheyenne Commons

    Las Vegas, NV

    Cheyenne Commons

    N. Rainbow Blvd. & W.
    Cheyenne Ave.
    Las Vegas,
    NV 89108

    Space Available

     read Cheyenne Commons data
  • cases Walden Park

    Walden Park

    Austin, TX

    Walden Park

    Highway 183,
    Austin, TX

    Space Available

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  • cases Gander Mountain

    Gander Mountain

    Palm Beach, FL

    Gander Mountain

    100 Gander Way,
    Palm Beach, FL

    Space Available

     read Gander Mountain data
  • cases ADT Global Campus

    ADT Global Campus

    Boca Raton, FL

    ADT Global Campus

    Yamato Road,
    Boca Raton, FL

    Space Available

     read ADT Global Campus data