Below are Wardman's acquisition criteria for its proactive sourcing strategies.  It also occasionally reactively reviews opportunities in other sectors and locations.

Sectors

  • Hotels, including:
    • Urban, suburban, and resort
    • Branded or independent
    • Full service and select/limited service
  • Senior housing, including:
    • Independent living
    • Assisted living
    • Memory care
  • Apartments in Baltimore, Washington DC, and Richmond

Geography

  • Mid-Atlantic
  • Southeast
  • Northeast 
  • Texas

Investment strategies

  • Core-plus (senior housing only)
  • Value add (senior housing & hotels)
  • Opportunistic (senior housing & hotels)

VALUE-ADD/Opportunistic Strategies

  • Renovations
  • Expansions
  • Change in use
  • Management/staffing changes
  • Distressed/turnaround situations
  • Up-branding / down-branding
  • Shifts in marketing/sales/PR strategy
  • Utility expense reductions