Acquisition Criteria
Over 50 Years Of Experience In Development And Acquisition Of Commercial Properties
Economic Resources Corporation (“ERC”) benefits from over 50 years of experience in the development and acquisition of commercial properties. ERC seeks to acquire or develop properties that provide a tangible benefit to communities by creating or retaining jobs, providing needed services while achieving reasonable return on investments. To this end, ERC is actively seeking to acquire value-add, and opportunistic industrial and other commercial assets in Los Angeles County and beyond. ERC also welcomes investment and capital partners to participate in its effort to redevelop.
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 by email.
Our current acquisition criteria
ERC seeks to acquire or develop properties that provide a tangible benefit to communities by creating or retaining jobs, and providing needed services while providing a reasonable return on investment. To this end, ERC seeks to acquire value-add and opportunistic commercial real estate assets in Los Angeles County. ERC also welcomes investment and capital partners to participate in its redevelopment efforts.
Contact Albert Carrol, VP of Real Estate
- Standalone Commercial Buildings
- 5,000 square feet up to 200,000 square feet
- Vacant property or properties with short-term leases in place
- Property has unrealized potential, requires substantial renovation or repositioning
- Approximately 10 to 40 years old
- Acquisition price up to $10M
- Focus on properties owned by motivated sellers unable to refinance and lenders with delinquent defaulted or foreclosed loans
- All underserved sub-markets of Los Angeles County