BH Properties will recycle the capital back into the company and focus those dollars on new acquisition opportunities. “BH Properties has more resources dedicated to acquisitions than ever before,” explains Tuyle. “The company has recently completed two bankruptcy transactions where we acted as the stalking horse bidder for both office and industrial assets, and another two transactions where a corporate user was looking to dispose of several different asset types. Our structure is specifically set up be very seller and broker friendly, so now we're just looking for the right opportunities.”

LOS ANGELES—BH Properties has sold $211 million in assets across the US. The sale included industrial, office, multifamily and retail properties, and totaled 20 assets. While the properties in the disposition included assets in Texas, Arizona, Florida, Virginia, Colorado, Utah, California, the largest transactions were in Arizona and Texas. BH Properties disposed of these assets in anticipation of new properties coming on the market in the coming years.

“We think that there will be new kinds of opportunities in the next year or two, and we wanted to be prepared internally to be able to write big checks quickly,” Andrew Van Tuyle, chief acquisitions officer at BH Properties, tells GlobeSt.com. “Due to the way we are structured, we don't have any outside investors so what can set us apart from our competition is our ability to transact much sooner than other buyers. Our goals for this year are more aggressive than they've ever been, and by disposing of some of these assets we will have less management issues or capital liabilities to worry about.

While the firm is optimistic about the future, and is selling these assets to take advantage of those opportunities, Van Tuyle says that the types of opportunities coming to the market will also change. “Opportunity will look very different today than it has in the past, so I would say we are cautiously optimistic,” he says. “The business landscape is changing quicker than it ever has, and the impacts that has on real estate are increasing daily. Whether it's how we choose to consume goods or accounting regulations being changed, tenants and owners are going to be looking at real estate differently than they ever have before. We're hoping to be able to provide a solution as both a buyer and an owner.”

The timing, both in terms of the company growth and the market, was optimal for this disposition. “The company has grown pretty significantly over the last seven years,” says Van Tuyle. “We felt this was an opportune time to right size and risk adjust our portfolio while at the same time preparing our balance sheet for future growth. We were under contract and/or marketing most of these properties during the election, so it was a more volatile time than we had anticipated but in the end we sold about as much as we expected. We're excited to deploy that capital into new acquisitions.”

BH Properties will recycle the capital back into the company and focus those dollars on new acquisition opportunities. “BH Properties has more resources dedicated to acquisitions than ever before,” explains Tuyle. “The company has recently completed two bankruptcy transactions where we acted as the stalking horse bidder for both office and industrial assets, and another two transactions where a corporate user was looking to dispose of several different asset types. Our structure is specifically set up be very seller and broker friendly, so now we're just looking for the right opportunities.”