List of opportunistic shops?
Curious what firms come to mind in terms of shops that specialize in opportunistic investments, mainly in the LA area or east coast (Boston/NYC specifically). Any and all are much appreciated!
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Based on the highest ranked content on WSO and focusing on the regions you're interested in, let's dive into some firms that are known for their opportunistic investment strategies. While the context provided doesn't list firms explicitly labeled as "opportunistic," we can infer from their investment styles and sectors that some of these firms engage in opportunistic investments, especially in areas like private equity, real estate, and technology-focused buyouts.
Los Angeles Area:
East Coast (Boston/NYC):
Remember, the term "opportunistic" can cover a wide range of strategies, including distressed debt, special situations, and sectors undergoing rapid change where firms can capitalize on dislocations or inefficiencies. Each of these firms has a strong presence in their respective markets and is known for their sophisticated investment strategies, which likely include opportunistic approaches to maximize returns.
Sources: Commercial Real Estate in Boston, Thread of Private Equity Shops in Los Angeles (or nearby), List of shops that invest across the cap structure?, Top Cities For Venture Capital In The US and Internationally?, Los Angeles IB SA Recruiting Mini-Guide
This thread is wild lol. OP your use of opportunistic is 100% correct don’t listen to what is being said here.
To answer your question, I would say it’s safe to make the assumption any group deploying into office at the moment has an opportunistic bucket of capital. I would start there and see if they also invest in the sector you’re interested in.
There are lots of opportunistic funds in NYC (RXR and SL Green just launched a couple), but Maverick Real Estate Partners seems to operate in this space as their business model.
What do you define as an "opportunistic investment"?
We've never bought anything that we didn't think was a good investment. What's the difference? If you buy an asset, it means you think there is an opportunity to make money.
I imagine he means a firm or group within a firm that has dedicated valueadd/opportunistic fund vehicles and solves to corresponding returns
OK, but once again, that isn't a definition! You just defined an "opportunistic shop" as a firm which has "opportunistic fund vehicles." Do you not see the problem there?
The end of your sentence hints at a definition; that you are underwriting for a specific return. And I guess that may be a definition, though certainly the term "opportunistic" isn't really appropriate in that case. You'd want to call that "high yield" or something that better addresses the core concern.
OP is asking for a very broad list, and cannot/will not define it. It's perfectly reasonable to ask him/her what he means when he says "opportunistic". Does that mean a firm that only buys distressed and non-performing assets? Does it mean buying in a sector (ie office) which is currently not in favor? Is it buying in neighborhoods that are poised for growth, or rezoning, etc etc? The answer to their question relies heavily on narrowing it down, because an answer of "shops that buy assets with better than a 5% yield" is pretty fucking long!
Are you just being pedantic for the sake of being pedantic? Who shit in your cornflakes today?
You can make money from a core investment at a low cap rate. But if it's returning 5% it isn't opportunistic.....but it's still making money....
So define it. You've told me what it's not. Tell me what it is. Love how you're on here calling me pedantic when you very clearly cannot make a positive definition of what "opportunistic" means.
Why isn't it opportunistic? Give me a definition that includes (to a reasonable degree) everything you think is "opportunistic" and excludes everything that isn't.
Would you call banging your mom opportunistic since everyone gets the opportunity (except for your dad)? Or is that the opposite of opportunistic since it’s so easily done? Hard to know. Interested in your thoughts.
Ozy, we both know opportunistic is the CRE version of growth.
God I feel bad for your colleagues. Assuming you have a real job with this nasty cynical personality.
OP - opportunistic shops in my market (Boston) are Davis Co and Synergy. They’re known for taking over buildings and either redevelop or scrape them. The other Boston funds all have op funds that do deals national - so AEW, Rockpoint, CrossHarbor. Not counting any developers here.
What a strange douche you are …. What’s the definition of incel ? I suspect you may be able to give us a detailed rundown. Thanks in advance!
lol every one of this guy's comments is like this. He's probably excruciating to be around in person
https://streitwise.com/the-return-spectrum/
btw - there are firms with “opportunistic” in their names.
Thanks, this is super valuable!
I still maintain that plenty of firms bill themselves as "opportunistic" despite not actually falling into one of these buckets, but I do appreciate your willingness and ability to source a definition.
Yea.... Someone definitely shit in your cornflakes and farted on your pillow and you must currently be dealing with a bout of pink eye and diarrhea as a result.
Dude there are thousands
My 5 second incomplete answer to what opportunistic is, someone nailed it in the comments. This is something that Ramses should know, and likely someone sh*t in their conflakes this week.
1. Core - senior debt(fixed rate)/ investing in stablized properties with secure or limited upside e.g. 3% returns for 10-year leases
2. Core-Plus - senior debt(floating rate)/ investing in properties that have an element of future funding to increase rents beyond the cost of inflation
3. Value-Add - senior debt or junior mezz / investing in non current properties where the risk profile and execution of buisness plan takes precedence to achieve higher returns
4. Opportunistic - Construction lending/mezz/pref equity/common equity. Either ground up or repositioned assets where there is no current pay or minimal, most value created as there is a higher risk of the returns being effectuated.
Wait, but I thought anything that makes you money is opportunistic!
This is for lending only, however.
More to the point, lets accept these definitions. I guarantee you there are Core+ and Value Add shops that are hawking themselves as opportunistic. Which, if you recall, is what the OP wanted to know, and why it's important for him to define what he's looking for.
These are for equity and debt. I view debt and equity on a spectrum, where if you are a lender you are still an investor. I just didn't add IRR
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