Acquisition & Capital Market

Acquisition & Capital Market

ERC is actively looking to acquire properties in underserved markets that allow us to further our mission by renovating and/or repurposing vacant or underutilized properties in an effort to remove blight, provide quality commercial buildings to attract jobs and needed services to the community, and further act as a catalyst for improvement of surrounding properties.

ERC also welcomes investment and capital partners. Our status as a nonprofit public benefit corporation allows us to be flexible in the structure of joint ventures.

For further information or inquiries regarding ERC’s current investment/capital plans or to submit a property for acquisition consideration, please contact Albert Carrol at 310-537-4610 ext. 233 or Albert.Carrol@economicresources.org

Our current acquisition criteria are shown below:

Smaller Infill Properties

  • Standalone buildings
  • 2,500 square feet up to 10,000 square feet
  • Land for sufficient parking
  • Vacant or short – term leases in place
  • All underserved urban submarkets of Los Angeles County

Industrial/Office/Flex Space

  • 10,000 square feet up to 30,000 square feet
  • Approximately 10 to 40 years old
  • Within a five (5) mile radius of ERC’s Lynwood office
  • Vacant or short term lease in place

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