LP EQUITY

Investment Amount

$7 – $20 million; may go higher for extraordinary opportunities

Hold Period

3 to 5 years; may go higher for extraordinary opportunities

Risk Type

Value-add opportunistic risk (including ground-up development for certain asset types)

Property Types

Size

Parameters

Multifamily

Acquire and reposition / redevelop class B/C workforce and affordable apartments. Develop garden-style or podium / wrap properties. Targeting high growth and high-barrier to entry secondary markets for both strategies.

100-400 Units
$7-$20M Equity

Leverage: up to 70%
Hold Period: 3-5 Year
Vintage: 1980s to early 2000s

Industrial

Last-mile fulfillment & bulk distribution warehouse development / redevelopment in dense urban markets and underserved gateway submarkets.

50K-500K SF
$7-$20M Equity

Leverage: up to 65%
Hold Period: 3-5 Year

Office

Acquire and redevelop / reposition mid-sized Class B/C assets in infill locations to Class A modern office. Redevelop well-located former industrial space into creative office.

100-200K SF
$7-$15M Equity

Leverage: up to 65%
Hold Period: 3-5 Year

Other Asset Types & Special Situations

Acquire and reposition limited-service hotels, pharmacy and grocery anchored retail centers and niche assets (i.e., cold storage). Invest in distressed assets that generate outsized yield from project-specific challenges. Preferred equity or hybrid common / preferred equity for certain opportunities.

<250 Keys or <250K SF
$7-$15M Equity

Leverage: up to 80%
Hold Period: <3 Years