Real Estate Development
Strategic capital for ground-up development, repositioning, and value-add acquisitions with disciplined underwriting and operational partnership
Focus Areas
We invest across multiple real estate strategies with emphasis on downside protection and operational excellence
Ground-Up Development
New construction projects with experienced developers, strong market fundamentals, and appropriate risk-adjusted returns.
Repositioning
Value-add opportunities requiring capital improvements, operational enhancements, or strategic repositioning.
Acquisitions
Stabilized and value-add acquisitions with clear value creation strategies and downside protection.
Entitlements
Land acquisition and entitlement projects with experienced operators and strong market demand.
Joint Ventures
Partnership structures with aligned developers and operators seeking institutional capital partner.
Value-Add
Properties with operational upside, lease-up opportunities, or strategic enhancement potential.
Investment Criteria
Transaction Size
- •$5M to $50M equity investment
- •Larger transactions considered with co-investors
- •Flexible on total project capitalization
Geography
- •Primary and secondary markets
- •Strong population and employment growth
- •Established legal and regulatory framework
Asset Types
- •Multifamily and residential
- •Office and mixed-use
- •Industrial and specialty
Operator Quality
- •Proven track record in asset class
- •Aligned incentives and co-investment
- •Transparent reporting and communication
Risk Profile
- •Conservative leverage assumptions
- •Appropriate contingencies and reserves
- •Clear downside protection mechanisms
Return Expectations
- •Risk-adjusted returns commensurate with strategy
- •Preferred return and profit participation
- •Multiple exit scenarios evaluated
Partnership Structures
Flexible capital structures tailored to project requirements and sponsor preferences
Equity Partnership
Common equity investment with profit participation and alignment through preferred returns and promote structures.
- •Preferred return on invested capital
- •Profit participation after hurdles
- •Board representation when appropriate
- •Transparent reporting and governance
Preferred Equity
Senior equity position with fixed return and downside protection through structural seniority and collateral.
- •Fixed return with participation upside
- •Structural seniority to common equity
- •Protective covenants and controls
- •Clear path to liquidity and exit
Co-GP Structure
General partner role with operational involvement, decision-making authority, and full alignment with sponsor.
- •Shared decision-making authority
- •Operational oversight and input
- •Direct relationship with lenders
- •Active partnership throughout hold
Submit an Opportunity
Share details about your real estate project. We review all submissions confidentially and respond within 48 hours.