We seek to identify well located, institutional quality properties that suffer from temporary or correctable flaws in their tenancy, physical attributes, capital structures, market position and/or management.
By exploiting the pricing and operating inefficiencies inherent in assets of this nature and employing an intensive asset management overlay to correct the identified flaws, we can reposition such assets for subsequent sale to institutional investors at attractive pricing.
We explore real estate investments in a variety of sectors, locations and business climates. This broad investment mandate allows us to source and execute unique and complex transactions, including direct equity investments, debt investments secured by real estate, privately placed real estate securities, joint ventures and real-estate operating companies.
We believe that our ability to source, evaluate and execute complex transactions within a short time frame is one of our competitive advantages. We focus on finding solutions to complex situations involving under-performing and/or improperly capitalised assets in an effort to make investments at attractive valuations and to create incremental value in the underlying asset.
We regularly monitor real estate markets to identify and develop the most promising investment themes based on asset class, geography or targeted groups of sellers. We believe this allows us to react quickly to potential opportunities and to develop relationships with key partners.
Our properties are generally in the $20 million to $70 million range, with exceptions made for outstanding assets and opportunities in a broader price range. Assets in this range sit above the scope of most private investors to fund on their own, and below the investment threshold levels of the large institutional and retail property funds. This niche has less competition as it is less crowded, presenting an excellent market in which to originate high quality investment opportunities.