Investment Criteria
Property Types, Geographic’s, Investment Profile, Leverage, Discretionary Capital.
Property Types
– Industrial properties and all asset classes, from warehouse, manufacturing and R&D to flex industrial – both single and multi tenant projects
– Hospitality projects, branded and non-branded
– Residential properties, primary and secondary, single as well as multi-family projects
– Retail projects, anchored and non-anchored
Geographic Area
Supply-constrained coastal/in-fill markets, with a primary focus in Southern California, South Florida, Texas and Arizona
Transaction Type
Equity, preferred equity and mezzanine debt
Investment Profile
– Value added investments including properties with extensive leasing exposure and/or demanding repositioning or capital requirements
– Ground-up development and/or redevelopment
– Investment size: $1M to $10M +
– Project Size: $5M to $50M +
– Time horizon: Two (2) to five (5) years
Structuring Options
– Pro rata returns driven by co-investment level
– Promoted residual splits after preferred return
– Tiered promotes
– Market fees to partner
– Incentive management
Discretionary Capital
Transaction process and timing consistent with fully discretionary capital and current market standards