A key component of Pioneer's strategic plan is to increase the asset base of the company through acquisition of existing real estate projects. Pioneer is continually reviewing available properties in all geographic areas of the United States, with a primary focus on the Northeast, Mid Atlantic, and Southeast market areas.

ACQUISITION CRITERIA

• Anchored Retail Strip Centers - neighborhood, community, or regional; preferably supermarket anchored, with total GLA of 75,000 sf or more, multi center portfolios are preferred
• Development Opportunities - vacant anchor spaces and/or expansion opportunities
• Urban Redevelopment - conversion of under utilized commercial and/or industrial space, including brownfield opportunities
• Purchase Price - $5 Million and over; all cash, or leveraged transactions;
• Due Diligence - expedited study period and quick closings;
• Joint Ventures - equity partnerships are possible;
• Confidentiality - All offering materials are reviewed in strict confidence.