We structure investments to minimize existential risk. When we acquire assets to reposition or develop new ones, we structure pre-lease and other risk coverage deals to minimize the chances of not covering carrying costs including debt service.
Use leverage intelligently
We use low-to-moderate leverage to minimize economic volatility risk. We are conservative underwriters to ensure that in-place cash flows are sufficient to cover debt service through a variety of economic conditions.
Deal by Deal Investments
We use our internal capital vehicles along side our investor partners to structure each deal on a deal-by-deal basis to avoid the pitfalls of "the imperative to deploy capital" that large funds face. We pounce when the opportunity is right and don't when it is not.
Long-Term Oriented
We believe the growth trajectory of our focus markets will continue over time so we aim to hold assets for 5+ years. When we opportunistically sell assets, we structure reinvestment opportunities so we and our investors can remain invested in the market's growth.
Tax-Advantaged
We operate assets to provide tax efficiencies to our LPs, delivering accelerated losses, tax-efficient return-of-capital events, and 1031 exchanges whenever possible.
Cash Flow First
We focus on cash flows and avoid assets that are dependent on a buy-out or repositioning to meet our return targets.
