Fuller is both Internal Rate of Return (IRR) and multiple driven. While IRR is an important measure of financial performance, you cannot spend it. Therefore, a short term hold of an asset may produce an outstanding IRR, but the multiple is not nearly as attractive. Fuller considers both performance measures equally as we determine whether or not to liquidate an asset.

We take a conservative approach to aggressive investments. Meaning, while most commercial real estate investing is considered aggressive; we minimize certain risk associated with our investments by bringing more equity than is typically required to the investment. In turn, this allows us to place more attractive debt terms on the property due to not seeking the most leverage possible.

Our typical investment hold horizon is 3 - 5 years. As we analyze potential acquisitions we have to feel comfortable that this horizon is achievable. We are not retail buyers of property. We analyze worst and best case scenarios, and the property needs to perform under either condition.

We purchase income (potential for income) producing assets, as well as raw land for commercial development. We seek to stabilize the cash flow of the income producing assets and sell them in the open market depending upon the capitalization rates at that time. On the raw land transactions, we seek to purchase large tracts, with limited purchaser competition and develop them horizontally (meaning infrastructure, utilities, etc...). Once developed, we will then demise the developed land, and sell to users and/or developers.