YALE

REALTY SERVICES CORP.

Based in Westchester County, NY, the firm owns and operates a portfolio of high yield retail properties located within the eastern United States. Established in 1990 by Yale Paprin, the vertically-integrated firm focuses on capturing and enhancing value in all facets of the investment process. The acquisition team carefully manages each phase of the acquisition process from concept to closing, including sourcing, financial structuring, and due diligence. Yale Realty has effectively employed a disciplined, contrarian investment approach seeking strong income returns, low risk of revenue stream disruption, and the expeditious return of capital through dispositions or recapitalizations.

 

Yale Realty is opportunistically acquiring income-producing retail properties that satisfy the following criteria:

  • Shopping centers with a strong big box anchor or shadow anchor, such as Walmart,   Super Target, Kohl's or a dominant supermarket;

  • At least 30,000 square feet of in-line shop space;

  • Current occupancy exceeding 80%, with quality, seasoned tenants; 

  • Infill location east of the Mississippi River;

  • Strong demographic and space market trends;

  • Opportunity to generate positive alpha through value-added management

 

Geography

Yale Realty's geographic focus - the continental United States, primarily from the Atlantic Seaboard extending westward to the Mississippi River - presents the optimal balance. This concentration facilitates indigenous knowldge and relationships, cost effective management, and thorough management oversight. At the same time, it allows for exposure to a broad inventory of properties and diversification across real estate, economic, and demographic drivers. 

 

Emphasis on Shops

The acquisition philosophy places strong emphasis on strips of smaller shops, which tend to reflect more reasonable pricing and more elasticity with respect to operational improvements and strategic initiatives. In certain circumstances, the firm prefers to own only the shadow-anchored strip rather than the big box, as the terms and conditions of the anchor's lease are often onerous and inhibit added investor value. 

RECENT TRANSACTIONS

YALE REALTY SERVICES CORP. is a privately held real estate investment firm that specializes in open air shopping centers anchored by strong credit grocery stores and Super Walmarts. Yale Realty's current portfolio consists of 16 retail centers, totaling approximately 4M square feet including some of the unowned adjacent anchors.

Marketplace at Smyrna

Marketplace at Smyrna

158,333 Square Feet

West Towne Commons

West Towne Commons

180,960 Square Feet

Hampton Plaza

Hampton Plaza

124,260 Square Feet

Huntsville Plaza

Huntsville Plaza

82,174 Square Feet

Waynesville Commons

Waynesville Commons

126.901 Square Feet

Rockdale Plaza

Rockdale Plaza

100,015 Square Feet

Newington Commons

Newington Commons

189,864 Square Feet

North Road Plaza

North Road Plaza

50,760 Square Feet

Sycamore Terrace

Sycamore Terrace

47,663 Square Feet

Princess Anne Marketplace

Princess Anne Marketplace

33,147 Square Feet

Palafox Square

Palafox Square

17,150 Square Feet

Marianna Center

Marianna Center

23,511 Square Feet

Hampton Plaza
GLA: 124,260 SF (Clarksville, TN)
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Marketplace at Smyrna
GLA: 163,263 SF (Smyrna, TN)
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West Towne Commons
GLA: 180,960 SF (Jackson, TN)
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YALE REALTY SERVICES CORP.      10 NEW KING STREET, SUITE 102, WHITE PLAINS, NY 10604       T: 914.289.0100       F: 914.289.0101

West Towne Commons

GLA: 180,960 SF (Jackson, TN)