Acquisitions
Existing Properties
Wheelhouse Development is actively looking to acquire existing retail, restaurant, and shopping center properties in West Texas and surrounding states as part of its investment and management portfolio. With a focus toward value-add investments, Wheelhouse Development seeks to purchase properties with a strategic approach, by adding value inexpensively through means such as:
1. Cosmetic Improvements
2. Managerial Efficiencies
3. Rental Increases
Once Wheelhouse has successfully increased the cash flow of a value-add property, we may elect to place long-term financing and hold the property or sell it to capture the increased equity and provide attractive returns to investors.
From the first negotiation of the acquisition price or development cost, to the last detail of the asset sale, Wheelhouse Development carefully manages the investment process. The company’s principals are also investors in each project, which creates alignment for all parties involved to enhance performance, reduce risk, and provide a diversified portfolio with continuing options to invest and re-invest capital.