Our investment platform focuses exclusively on the identification, evaluation, and execution of opportunistic real estate transactions involving privately-held interests and "special situation" investments that can be purchased at a discount to underlying asset value.

We typically serve as a capital partner with a limited role managing the real estate in which we invest. Our core expertise is assembling capital and sourcing, underwriting, and structuring off-market real estate transactions.

Typical transactions:

• Secondary Acquisition of Limited Partnership Interests
• Merger Transactions
• Partner Buyouts / Exit Funding
• Entity Recapitalization (Preferred Equity, Participating Debt)
• Distressed Debt (Loan-to-Own)
• Joint Venture Equity
• Sponsor Equity Funding

Return Requirements

We target transactions expected to deliver an internal rate of return (IRR) in excess of 20% on realistic underwriting assumptions. We target transactions anticipated to meet this objective while providing holding period distributions equal to a minimum 2.0x multiple of invested equity. Return requirements and holding period expectations will, of course, be unique to each transaction.

Deal Size

The optimal transaction size (based on equity commitment) for our investment fund ranges from $1.0 to $4.0 million. Smaller transactions are considered. If required, larger transactions can be accommodated through capital contributed by outside investors.