Yes. There is a strong preference for grocery anchored properties. However, alternative types of
anchors will always be considered if they are leaders in their specific retailing category.
What level of sales is required of grocery anchors?
Minimum sales of $300,000 per week is a general guideline. This figure cannot be viewed alone,
however, as a number of other factors will be considered, such as the store's long-term trend in
sales, anchor profitability, size of store competition, financial strength and trade area growth potential.
Does Donahue Schriber participate as a broker?
No. Donahue Schriber acts as a principal only with respect to acquisitions.
Will Donahue Schriber consider acquiring a partial interest or entering into a joint venture?
Yes, on a case by case basis.
Will Donahue Schriber consider acquiring properties that are subject to a ground lease?
Yes, on a case by case basis. A number of factors will be considered, however, such as the
remaining term and predictability of future ground rental payments. Higher yields are required on
properties subject to a ground lease.
Will Donahue Schriber consider centers if the anchor tenant lease is due to expire in the near future?
Yes. Donahue Schriber will focus on the renewal probability or the ability to recycle the space to a new tenant.
Is Donahue Schriber interested in acquiring a portfolio or package of properties?
Very much. Donahue Schriber is especially interested in acquiring a portfolio or package of properties
located in the Western states.
Will Donahue Schriber make unsolicited offers?
Yes, but only if basic information is available in order to properly value the property. The company is
always open to the idea of meeting with potential sellers who have not yet made the decision to sell.
This latter approach is usually more effective than making uninvited offers.
Are development or redevelopment opportunities of interest?
Yes. Donahue Schriber's primary business is the development of retail centers. The company has an
extensive history of retail development/redevelopment ranging from large, enclosed regional malls to
neighborhood centers. The development, construction and leasing staffs are capable of responding
quickly to any development opportunity.
Will Donahue Schriber acquire property that requires zoning, rezoning or additional entitlements?
Yes. Donahue Schriber will take the lead in securing the necessary entitlements with full cooperation
from the property owner during the option period. Close of escrow is contingent upon Donahue
Schriber receiving the entitlements required for development of the proposed retail project.
What are Donahue Schriber's preferences for anchor tenant transactions?
First preference is a standard build-to-suit; second is a ground lease; and least desirable is a pad sale.
Does Donahue Schriber perform leasing on new centers in-house or through outside brokers?
Both. Donahue Schriber has in-house leasing specialists that manage the efforts of outside brokers
under the guidelines of a formal listing agreement on all new projects. Donahue Schriber's in-house
developers and leasing specialists work with brokers in securing anchor tenant commitments and
rely heavily upon the local market knowledge of brokers in meeting lease-up schedules for shops and pads.
Does Donahue Schriber seek out third-party property management opportunities?
Yes. In addition to providing full property management, leasing and marketing support for all Donahue
Schriber owned properties, Donahue Schriber's property portfolio includes a number of shopping
centers owned by third parties who have contracted with Donahue Schriber for its property
management and leasing expertise. We are focusing on providing third-party services on regional malls, power
centers and larger community/neighborhood centers in our trade area.
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