Investment Strategy

 

Continuation of contrarian investment strategy that Founding Principals began nearly 30 years ago

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  • Focus on underperforming assets burdened with excess leverage and poorly capitalized owners
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  • Targeting investments in assets purchased, refinanced or constructed during the peak of the market bubble (2005-2008)
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  • Generally focused on high quality, newer assets, typically not distressed real estate, but assets experiencing operational and financial distress
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  • Goal to acquire assets at a reset economic basis, well below replacement and historical transaction costs
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  • Focus on achieving high unlevered cash flow yields upon restructure/stabilization
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  • Shun new development or major redevelopment projects
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  • Focused on $10-$40 million deal sizes to achieve portfolio diversification goals and to avoid more competitive segments of the investment market