ATR Corinth Partners owns, manages and develops commercial real estate properties, primarily in the Midsouth and Eastern parts of the country. Property sizes range widely and are dependent upon where we see the opportunity to maximize value to the surrounding community and exceed stakeholder expectations.
We are first and foremost developers, and we achieve our investment objectives by focusing primarily on retail properties, or retail properties with a mixed-use component, that are appropriate for value-added redevelopment. When a potential investment property is identified, our experienced team, both inside and outside our Partnership (click on “Team” above for details), carries out extensive due diligence to determine whether we the project is right for us. The team’s skill and expertise in the legal, financial, regulatory, risk management, property management and retail market arenas is applied to the many analyses that are a part of this due diligence, including analysis of the overall market, demographics, the site and environmental impacts – ensuring that we know what we are buying and how we can maximize stakeholder value.
As we redevelop our properties, we bring unutilized or under-utilized space as close as possible to its highest and best use. Redevelopment for us means that we re-purpose, reconfigure, renovate and/ or re-tenant our properties – sometimes “de-malling” them where this is appropriate or desirable. This type of vision-driven redevelopment, coupled with tighter, cost-controlled management of the properties, allows us to enhance the community and improve the value of the subject property. Our investment in Nashville’s One Hundred Oaks Plaza (click on “Properties” above for a brief description) is a good example of ATR Corinth Partners’ core type of retail redevelopment project.
While our main focus is on adaptive re-use of under-utilized retail properties, our extensive knowledge of and contacts in the commercial real estate world inevitably make us aware of other attractive CRE investment opportunities that, while also in the retail sector, may be outside of our narrow focus on redevelopment. When we opt to invest in such properties, which are typically more stabilized properties that produce above-market NOI with below-market risk (or properties where we see strong potential for increasing value via tenant/ revenue enhancement), we do so to provide some diversification and balance to our partnership’s portfolio and because we are opportunistically pursuing a transaction with above-average risk-adjusted returns, both during the hold period and upon resale. Our investment in Dallas’ Glen Lakes property (click on “Properties” for a brief description) is an example of our occasional, opportunistic ventures outside of pure development.
In both our core development/ redevelopment projects and our secondary, opportunistic investments, we add value by leveraging our three partners’ roughly 100 years of combined experience and knowledge in the key disciplines of retail commercial real estate investing: location selection, construction, property acquisition, financial structuring, investment portfolio diversification, retail operations, asset management, leasing and property management. Our capabilities and resources that support our development activities are especially strong in these four areas:
In addition to these in-house capabilities, our experienced team, both inside and outside our Partnership (click on “Team” above for details), has the specialized knowledge and competencies required to perform the critical due diligence that must precede the acquisition of any property. Applying special understanding and professional skill in the legal, financial, regulatory, risk management and retail arenas to various analyses (of, for example, the overall retail market, demographics, the site and environmental impacts) of potential property investments, our team is able to ensure that we and our co-investors thoroughly understand the properties we are acquiring before we acquire them. This allows us to design plans and budgets for our projects that fully exploit the upside potential of the properties while guarding against any downside risk – an approach that is especially important in the redevelopment, value-add investment properties that are at the center of our business.
Our Partnership strives to be disciplined, open and entrepreneurial, believing that these qualities give us a competitive edge in real estate investing. We seek similar qualities in our co-investors, with whom it is our goal to build long-term relationships based on mutual trust, knowledge, alignment of interests and transparency.
12700 Park Central Drive
Dallas, Texas 75251