OUR STRATEGY
We invest opportunistically across the lower middle market—targeting deal sizes between $15–$75 million—where institutional capital is often underrepresented and our platform can unlock meaningful alpha.
Thematic Investing
We pursue scalable strategies supported by long-term secular tailwinds:
Multifamily: Value-add through renovation, technology and operational improvements in supply-constrained growth markets
Industrial: Infill, small bay, shallow-bay, manufacturing and flex assets with strong demand fundamentals, low capital needs and durable cash flow
Retail: Necessity-based, service-oriented infill centers where limited new supply and active leasing drive durable income
Distressed & Special Situations
We capitalize on market dislocation, capital scarcity, and execution expertise to generate differentiated returns for our investors. Where traditional capital is either unavailable or mispriced:
Distressed or Mispriced Assets: Target assets trading at a discount due to ownership distress, loan maturities, or operational issues.
Structured Equity: Flexible solutions such as preferred equity and rescue capital, where we can achieve asymmetric risk/return profiles.
Capital Stack Resets: Recapitalizations and other capital stack solutions for sponsors facing loan maturities, capital shortfalls or fund-level constraints
THE IMPORTANCE OF
the Middle Market and
Execution Driven Alpha
Higher entry yields, stronger NOI growth, and execution-driven inefficiencies create outperformance.
$5.1 trillion of U.S. commercial real estate is held by roughly 5,800 middle-market owners, developers and operators, yet more than 70% of real estate fund capital raised goes to the 50 largest funds.¹
¹ KKR / Arctos, "Real Estate's Underserved Middle," August 2026; Preqin and GCM Grosvenor, funds raised 2013–2024.
WHERE REAL ESTATE ALPHA LIVES
EXECUTION DRIVES VALUE
Deals require creativity, speed and operational expertise, not just check writing
INEFFICIENCY = OPPORTUNITY
Middle market deals (<$75M) are priced less efficiently due to fragmented ownership, lower competition, and lack of institutional scale
MORE ALPHA AT ENTRY
Higher cap rates and lower basis offer immediate risk cushion and long-term upside