WHAT IS MERITAGE PROPERTIES?
Meritage Properties acquires, owns and operates a portfolio of mid-sized properties primarily located along the Boston to Washington DC corridor.
- Target Property Types: urban and major suburban income producing office properties with value enhancement potential
- Target Leverage: 60-65%
- Target Transaction Size: $25-200 million
- Target Hold Period: 3-10 years
MERITAGE PROPERTIES’ INVESTMENT PHILOSOPHY:
- Acquire a geographically targeted portfolio of quality real estate assets at intrinsically attractive prices
- Enhance asset values through cost-effective capital improvements, innovative cosmetic renovations and best in class tenant service
- Manage each asset and the overall portfolio aggressively
- Leverage each acquisition prudently
Meritage Properties acquires assets directly and in joint venture with other real estate funds, institutional investors and local partners.
WHERE IS MERITAGE PROPERTIES?
- New York Tri-State area
- Metropolitan Washington/Maryland/Northern Virginia
- Metropolitan Boston
- Providence, Rhode Island
MERITAGE PROPERTIES NEW HEIGHTS INTERN PROGRAM
- Meritage Properties actively supports New Heights Youth, Inc., an independent non-profit educational organization based in New York City. New Heights’ mission is to “educate and empower promising inner-city youth to be leaders, champions and student-athletes by developing the skills necessary for success in high school, college and life”.