We will buy anything at the right price.

Capitalization structure

We raise money on a deal-by-deal basis as opposed to a fund structure. Each investment structure is tailored to the risk profile and nature of the projected return, whether weighted toward cash flow or residual value. While use of leverage juices returns in good times, we prefer to use low-to-moderate debt levels in our deals, in line with our "protect the downside" mentality.

flexible duration and value-oriented

Many of our investments are underwritten with a view toward long-term hold periods, which has the dual benefit of differentiating us from other sources of private equity and allowing us to better take advantage of favorable tax attributes inherent in real estate investing. Downside risk mitigation is at the forefront of our investment process - we favor investing in well-located real estate that can be acquired for below replacement cost.

alignment with investors

We believe it is critical that those making the investment and management decisions invest significant personal capital in these investments. Our founding principal has nearly all of his personal net worth dedicated to investing alongside partners, and we require all of our employees to invest in deals.