1. Multifamily & Residential

• Strategy: Workforce Housing & Class B Value-Add We target assets that serve the "missing middle"—essential housing for the working population that is insulated from the volatility of luxury Class A supply.

• Asset Profile: Garden-style and mid-rise communities (150+ units); Vintages 1985–2015.

• The Opportunity: We look for mismanaged or under-capitalized assets in submarkets with strong school districts and employment drivers but limited new supply.

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Value Creation Levers:

• Interior Repositioning: Comprehensive unit upgrades (countertops, flooring, fixtures) to capture proven ROI premiums.

• Operational Optimization: Implementing institutional property management software, dynamic pricing, and ratio utility billing systems (RUBS) to reduce expense ratios.

• Tech & Amenities: Adding smart home packages (locks, thermostats), package lockers, and modernized common areas to compete with newer product at a discount.

 

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2. Industrial & Logistics

• Strategy: Last-Mile Infill & Light Industrial As e-commerce matures, the premium on proximity to end-consumers continues to rise. We avoid "big box" bulk distribution in favor of versatile, smaller-bay assets that serve a diverse tenant base.

• Asset Profile: Multi-tenant light industrial and shallow-bay warehouses (20k–200k sq. ft.); clear heights of 18’–32’; high dock ratios.

• The Opportunity: Acquiring assets with short-term leases or below-market rents in land-constrained infill locations where replacement cost is prohibitive.

 

Value Creation Levers:

• Mark-to-Market: Aggressively rolling below-market leases to current market rates upon expiration.

• Industrial Outdoor Storage (IOS): Targeting sites with low coverage ratios to monetize excess land for trailer parking and equipment storage—a high-demand, low-supply niche.

• Functional Capital: Investing in roof replacements, LED lighting retrofits, and truck court repairs to attract credit-grade tenants.

 

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3. Specialty & Niche Assets

Strategy: High-Barrier Operational Real Estate We pursue assets where the physical infrastructure is mission-critical to the tenant’s revenue generation. In these sectors, the high cost of relocation creates "sticky" tenancy and premium yields. We focus on asset classes protected by significant barriers to entry—specifically specialized zoning, complex build-outs, and heavy infrastructure requirements.

 

Data Centers & Digital Infrastructure

• Focus: Acquiring "powered shells" and carrier-neutral facilities in secondary markets with access to low-cost power and fiber density.

• The Opportunity: The explosion of AI and cloud computing has outpaced the supply of power-ready infrastructure. We target assets where we can upgrade power density (MW capacity) and cooling systems to meet modern hyperscale or enterprise requirements.

• Value Lever: Securing long-term master leases with investment-grade tech tenants or colocation operators.

 

Cold Storage & Food Logistics

• Focus: Freezer/cooler distribution facilities and "last-mile" food hubs near major metros.

• The Opportunity: The US cold storage stock is aging and ill-equipped for modern e-grocery and pharmaceutical demand. New construction is prohibitively expensive and technically complex, protecting existing assets from supply gluts.

• Value Lever: Retrofitting vintage dry warehouses with modern refrigeration systems or expanding freezer capacity in existing footprints to capture premium rents (often 2-3x standard industrial rates).

 

Medical Office Buildings

• Focus: Clinical facilities located off-campus but affiliated with major health systems, specifically those offering high-acuity services (dialysis, imaging, surgery centers).

• The Opportunity: The secular shift toward outpatient care and an aging population drives demand for convenient, community-based medical real estate.

• Value Lever: Converting gross leases to Triple-Net (NNN) structures and optimizing tenant mix to create "referral ecosystems" within a single building (e.g., placing a pharmacy next to a primary care clinic).