Delivering New Energy
We are committed to enhancing our customer experience and portfolio quality. Our self-funded 3-R (Redevelop, Repurpose, Reposition) platform was created to focus on community improvement, tenant and customer satisfaction, and raising the value of our properties.
- REDEVELOP Substantial renovations, e.g. tear-downs, re-merchandising, exterior/interior improvements
- REPURPOSE Substantial alterations, including changing the product-type
- REPOSITION Less substantial asset enhancements, generally $5mm or less of investment
Working together, our experienced team of development professionals creates opportunities vital to the long-term success of our company and the communities we serve. Our 3-R projects provided a 12% annualized return in 2017.