Investment Objectives

We pursue a diverse real estate portfolio with a focus on the southeastern United States. We target assets independently and in strategic joint ventures with local sponsors. We capitalize our investments with reasonable leverage, third-party equity and our own capital. As such, Coro is an owner/operator rather than an intermediary.

We strive for a diversified portfolio including the following:

• Mixed-Use, Residential (single and multifamily) Industrial, Storage and Retail.

• Geographic diversification across multiple markets and within individual markets, with a particular emphasis on higher income urban and close-in suburban projects.

• Tenant diversification, including national, regional and local credit tenants representing a variety of business types.

• Multifamily, Office and Retail leasing strategies designed to minimize tenant turnover in any particular year and to minimize operating expenses.

• Residential sales strategies designed to maximize absorption and volume.

Our investment and return goals are based on risk-adjusted objectives. This flexibility enables us to pursue investments across the risk spectrum from ground-up development to Core acquisitions.

 Investment Types

Core/Core+. We target high-quality, stabilized real estate for long-term rent growth and value appreciation with the ability to "ride out" a recession or to be sold quickly in response to market changes.

• Inman Quarter, Atlanta GA

• Midtown Portfolio, Atlanta GA

Development. Directly and through our relationships with skilled local developers, we pursue a variety of high quality developments with yields materially in excess of those available through purchases of comparable existing properties. In addition, we offer the full-service asset and property management, construction and leasing functions needed to execute all phases of a development strategy.

• 90 Oak Street, Roswell GA

• The Mill, Atlanta GA

Recapitalization/Restructuring. Due to our financial resources and ±3 million square foot portfolio, we possess the relationships needed to target a full range of tenants. We also target properties where our senior staff and asset managers can restructure the capital stack to achieve the optimal debt/equity ratio and maximize operating cash flows.

• Brookwood Square, Atlanta GA

• Industrial Portfolio, Kennesaw and Flowery Branch GA

Value-Add. We reposition well-located existing assets, with leasing, sale, and development potential. Through our construction, leasing, management and asset management platform, we opportunistically purchase value-add properties, reposition those properties to improve their fundamentals and operations, then sell them to buyers willing to pay premiums for quality, stabilized properties.

• Perimeter Town Center, Sandy Springs GA

• Arbor Square, Douglasville, GA

Asset Management

The principle that underpins our asset management is to augment the value of each investment. To set the path in that direction, we develop a value enhancement strategy for every property, based on market conditions and future objectives. We manage internal and external staff to implement the strategy with a critical eye toward near-term growth and long-term stability.

Property Management

When we assume management of a new property, we analyze details and solve problems. We define possibilities. Reaching a strong comfort level with the intricacies of the property gives us the vision to maximize its value.

The overall goals are to facilitate efficient transactions, effectively manage operating costs, and maintain quality service. 

Our aim with each leasing assignment is to effectively market the property in accordance with partners' expectations—ranging from “lease up and sell” to a long-term hold, combined with the realities of current and anticipated market and property conditions.

Our strength comes from a balanced approach—understanding the “big picture” and considering new alternatives as market conditions change, while at the same time paying close attention to details. This enables our leasing team to provide a clear analysis of the immediate sub market, as well as a thorough assessment and proposed lease-up plan for the property.

Our acquisition and disposition services are all directed toward helping our partners achieve their investment objectives and optimal portfolio allocation. Our experience is a major factor here. It propels our ability to discover market opportunities and, working with our partners, transform them into profitable investments. 

Through our local, regional and national networks, we source opportunities, not generally available, to identify overlooked properties with significant potential— potential that has yet to be recognized or maximized.

We have a full-service, in-house development and construction department that can oversee planning, entitlements, development and construction. Our development and construction staff focuses on helping investors and tenants achieve their desired objectives, whether those are a large-scale development plan or small space's tenant improvements.

Generating and maintaining a clear financial picture; streamlining the flow and protection of funds; adhering to tax codes and requirements—all these critical functions fall under the umbrella of our full-service accounting department. Also, we not only find opportunities, we fund them. Through a combination of our own capital, partners and lenders, we structure all aspects of a property purchase, restructuring or financing.