Private real estate
We invest in real estate based on a relative value analysis that looks at global sectors and regions from a top down perspective and identifies investment opportunities in specific regions and sub-segments. Our local investment teams then work to identify investment opportunities within those specific market segments.
In global real estate markets, our investment strategy is focused around three key themes:
Buying below replacement cost
We target assets with low valuations located in rebounding markets that can be repositioned and then leased-up by under-cutting market rents. These opportunities typically arise as a result of ineffective management, inadequate leasing or physical deficiencies – all issues that we can address.
"Buy, fix, sell"
This approach typically targets older buildings in great locations that are in need of owner-oriented asset management initiatives including capital expenditure, repositioning, lease-up and the implementation of building efficiencies to capture rental and pricing differentials.
The rapid transformations taking place in many major cities across the globe offer plentiful opportunities to execute a "develop core" strategy. We focus on building ground-up assets that meet end-user demand and appeal to core investors.