S hopping C enters S potlight T op R etail D eals of “2012”

Mid Atlantic Real Estate Journal — Top Retail Deals 2012 — February 22 - March 14, 2013 — 17A



Vastgood Properties, LLC

Katz Properties

VASTGOOD PROPERTIES, LLC 44 South Bayles Avenue, Suite 201 Port Washington, NY 11050 Total Sales or Acquisitions: $120 million

KATZ PROPERTIES New York (Main Corporate Office) Boston, Philadelphia, DC Metro

Total Sales or Acquisitions: $165.55M Acquisitions Total of S/f Leased, Sold or acquired: 1,048,371 s/f Top deal of 2012: Westgate Plaza - $33.855M, 171,909 s/f East River Park – $33.655M, 150,852 s/f

Total of S/f Leased, Sold or acquired: 700,000 s/f acquired Top deal of 2012: Purchase in joint venture with Prudential Real Estate Investors of a portfolio of seven supermarket- anchored properties in Eastern Pennsylvania for $104 million exclusive of closing costs and adjustments.

BRIEF OVERVIEWOF 2012: 2012 was a year of expan-

BRIEF OVERVIEWOF 2012: Focused on acquisition of

stabilized, well-located, recent-vintage, high-quality “core”

sion for Katz Properties. We were successful in purchas-

retail properties anchored by dominant supermarkets

ing 9 Grocery anchored properties totaling over 1 Million

with strong sales and remaining lease terms of ten years

Daniel Katz

Leo S. Ullman

square feet with total purchase price of approximately

or more. Those properties were acquired at unleveraged cap rates in the

$165,000,000. Included in our expansion was the opening

order of 7.75-8%.

SHORT STATEMENT ON 2013 OUTLOOK: While intending to add

of our Washington D.C. office and our move into the mid-

Daniel Kaufthal

on to “core” portfolio of supermarket-anchored properties, we are focused

Atlantic markets.

now largely on joint venture ground-up development as well as redevelop-

SHORT STATEMENT ON 2013 OUTLOOK: We anticipate continued

ment properties with supermarket anchors, taking advantage of attractive

growth for our company. We have a target of $150,000,000 in acquisitions

financing, backlog of tenant demand, aggressive cap rates, construction

and a continued push into the mid-Atlantic. n

costs, yield-on-cost at 10% or more. n

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