Bancroft Capital has been successful over the years by focusing the efforts of our organization. We remain disciplined in three target criteria: geography, asset type, and risk/reward profile.
Bancroft maintains relationships throughout the western United States. We will typically select a submarket with attractive dynamics and purchase multiple properties, thereby focusing management attention and achieving economies of scale for local services.
Bancroft typically acquires suburban office, light industrial, warehouse, laboratory and R&D buildings. We also develop office and mixed-use residential properties. We do not consider investments in retail, hotel, multi-family, CBD-office or unentitled land. We strongly prefer triple net (NNN) leases.
Attractive Risk/Reward Profile
Bancroft seeks to enhance the risk/reward profile of our partnerships by investing in assets with the following characteristics:
- Priced below replacement cost
- Priced above the range of individual buyers ($10M) and below range of large institutions ($50M) in order to limit competition among buyers
- Roll-up: by purchasing many medium-sized assets in one submarket we increase the possibility of selling the portfolio to an institutional buyer
- Value-added opportunity supported by cash flow to mitigate downside risk