Anticipated acquisitions and dispositions between $700 million and $1 billion annually. 
Acquisitions
Our acquisition teams cover over 30 major metropolitan markets in the United States. We use both top-down metropolitan economic research and bottom-up proprietary submarket research generated by our staff to identify markets with the greatest opportunities for achieving our acquisition goals.
In addition to traditional sources for generating transactions during healthy economic cycles, our national distressed acquisition team works to uncover foreclosure and attractive "Loan to Own" or property recapitalization investment opportunities during distressed credit cycles. This approach allows us to operate in changing economic cycles, and provides us with an all-weather investment capability. We generate more than half of our transactions from nontraditional broker sources, giving us access to large numbers of transactions at competitive prices not typically available to the general market.
Sales
Our disposition team is located at our Boston headquarters. Once a recommendation is made for divestiture, our disposition team focuses on the strategic packaging of assets to create the highest demand. Deeply rooted, long-term relationships with principal real estate brokers allow us to present opportunities that often lead to attractive auctions. Our ability to develop well-orchestrated sales processes has typically generated a 5% premium return over the market value of assets in our portfolios.