Development & Acquisitions
DPI (and its subsidiary companies) is a multi-faceted real estate investment company with expertise in management, development/redevelopment, finance and leasing. The firm’s focus is to manage, develop and/or renovate shopping centers to institutional quality standards to benefit the company, its tenants, and the communities it serves. DPI is actively looking for new opportunities for ground-up development or rehabilitation of existing, under-performing shopping centers in its target markets.
Target Purchases – Value-add retail centers, vacant retail buildings, development parcels or pads. Preferably Grocers.
Minimum Sizes – Neighborhood centers: 20,000+ square feet; Neighborhood/Community centers: 75,000+ square feet; Retail development parcels: 3+ acres.
Target Markets – The western United States with a primary focus on Northern and Southern California, and Salt Lake City, Utah.
Demographics – Preferably master-planned communities and areas of high growth, education and homeownership.
Investment Quality – B- to A+ centers valued between $3,000,000 and $40,000,000.
Minimum Submittal Requirements (Development Parcels) – Site plan, physical description, photographs, rent roll, Argus files, serial photos, lease abstracts, tenant sales, sale & lease comparables, demographics and purchase terms.
- Response to submittals within 72 hours.
Acquisitions Submittals should be directed to:
Jim Kruse, Chief Executive Officer at: firstname.lastname@example.org
Projects Under Development/Redevelopment:
Recent Property Sales:
DPI owns and operates a portfolio of approximately two million square feet. Visit our property portal here.
Projects Under Development
DPI continues to develop a presence in thriving communities. Read about our planned projects here.
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