Ground-up development. Adaptive re-use. Property repositioning and rehabilitation. Stabilized assets. No matter the strategy to be executed, we have the expertise in-house to successfully navigate the often difficult terrain of urban property markets.
We pioneered the urban investment concept among institutional real estate managers in the mid-1990s, recognizing the potential of urban property markets – an investment frontier in which few, if any, of our peers were staking a claim.
Having focused on this market niche for the past 20 years, we have the requisite skillset to execute on urban/smart-growth investment strategies, whether they involve developing new properties, renovating existing buildings, or acquiring and managing stabilized assets.
Our personnel are well-versed in the complexities of the urban marketplace and have a proven ability to identify emerging opportunities, execute on complex transactions that require creative structuring and financing, shepherd development projects to stabilization, and manage operating properties to higher values.
Our senior team has developed properties since the early 1980s – a solid foundation that enables us to both build properties internally and maintain strong controls over the construction process when we partner with third-party development firms. We are accustomed to working with our development partners and local agencies to overcome the regulatory, environmental and capital issues that urban development projects can encounter.
Over the years, we have fine-tuned a comprehensive investment and management process that emphasizes maximizing returns while mitigating risks at each stage of a real estate asset’s life cycle – from predevelopment to stabilization and disposition. We structure investments to maintain flexibility at all times and continually analyze potential exits to mitigate risks or capitalize on shifts in capital-market and property-market conditions.
We have provided real estate investment management services for major institutions in the U.S. and overseas since 1987, both in single-investor accounts and in commingled funds. Procedures are well-established for asset management, development and construction management; portfolio management, research, risk management and client services; and finance/accounting and cash management.