David Phelps
Scottsdale, AZ (USA)
Role(s):
Associate/Staff
onys Trust
Find More Startups
Startup
Location:
Scottsdale
Industry:
Real Estate
Year Founded:
1999
Number Employees:
1-10 people
Description:
Onyx Trust, Inc., is a self- administered, self-managed REIT that principally acquires, renovates, develops and manages Community and Neighborhood Shopping Centers anchored by national and regional tenants. Onyx Trust, Inc., strives to seek out Centers in major, growing, and desirable demographic regions. Onyx Trust, Inc., will meet that objective by primary focusing on markets in high growth, densely populated areas throughout Arizona, California, Florida, Nevada, Oregon and Texas. These areas of the country geographically represent areas generating stable cash flows, long-term value and an above average growth potential. The company seeks out and finds those properties that represent a high level of sustainable upside opportunities attainable by filling vacancies, updating centers, re-negotiating/ restructuring leases and attracting additional national tenants. In order to take advantage of property management operating efficiencies and present attractive leasing opportunities to tenants who seek multiple locations in an area, the Company also targets properties proximate to its other properties. All properties must be well located and have high visibility, open air designs, ease of entry and exit with ample parking. Onyx Trust, Inc., typically acquires substantially fully leased, appropriately tenanted and well-maintained Centers. Onyx Trust, Inc., will also acquire under performing Centers (as a small part of our core business), which meet the Company’s turnaround criteria.