Hey CRE Monkeys...
I know that not only are there numerous buy-side CRE guys but there are a few brokers out there. I'd love to start a forum where brokers and sponsors can preview their deals and investors can post their criteria. I think it would be a great way to leverage the power of WSO. I'll kick it off...
Firm: $2B+ AUM REPE / REHF w/ offices on both coasts as well as a few abroad Product: Agnostic (though tend to lean away from ground-up development and retail); looking primarily for distressed deals. Acceptable Locations: We have investments worldwide. Deal Size: $15MM - $120MM **Do we work with GPs or Partners: **Yes
Love the concept.
Firm: $1B+ AUM REPE w/ offices in major markets in eastern 2/3 of US
Product: Industrial. Core+ as well as distressed/value-add (i.e. 100% vacancy, significant capex, covered land plays, etc.)
Acceptable Locations: Primary/Secondary Markets
Deal Size: $5MM - $100M
Sell-side guy here but happy to chime in. Who else here transacts globally? Happy to be a one-stop shop if you guys need a running mate.
Firm: Top-tier capital advisory Product: Debt, JV/Equity, Loan Sales Deal size: $50M - $500M+ Geography: Global
Top tier capital advisory - is that JLL/CBRE/CW or HFF/Eastdil?
More along the lines of the latter two - not going to spill beans over the web out in the open. We maintain a relatively low profile. PM me if there's an opportunity or a synergy you think is worth discussing in private.
Anyone here going to ICSC? Let's get a drink. PM me.
This is an interesting idea
Firm: $6B+ AUM family office based in the midwest
Product: Multifamily, Office, Industrial, Self-Storage, Student Housing, Senior Housing, limited hospitality
Strategy: Development, Value Add, Core Plus
Locations: Top 30 MSA's with some international holdings
Equity Investment: $10 MM - $100 MM
.
Firm: $5B+ AUM REPE
Product: MF, Office, Industrial, Retail
Locations: Nationwide
Strategies: Value Add and Core+ MF Acquisitions (as GP); JV investments (as LPs in industrial value-add deals); Value-Add and Core+ Acquisitions for Office and Retail; Pref/Mezz debt on most cash-flowing asset classes
Deal Size: $5MM - $1.0BN+
Work with GPs or Partners: Yes, for industrial deals
Firm: $1B+ Private REIT
Product: Office / Industrial
Locations: Nationwide
Strategies: Core-Plus / Value-Add
Deal Size: $7MM - $100MM+
Work with GPs or Partners: Prefer not to
Firm: $1B+ AUM, West Coast offices. Owner/operator.
Product: looking to get into MF. Currently office, industrial, retail.
Acceptable Locations: West Coast
Deal Size: $5-20M looking for
Firm: Small friends / family fund I put together after leaving private equity Product: Value-add multifamily Acceptable Locations: Mid-Atlantic Deal Size: $1M-$5M
All this criteria but no deals :(
I've got some ocean front property in Arizona
Firm: small real estate advisory,development and investment firm.
**Product: **
Development: Multifamily and mixed-use development sites and redevelopment sites with or without approved plans and JV development opportunities
Debt: Originate and fund middle market bridge and development loans.
Acceptable Locations
Office's in NY and Miami
Development: NY Metro, South Florida and Philadelphia
DEBT: Top 250 MSA with a focus on core markets
Deal Size:
Debt:$1 million to $20 million with larger deals on a case by case basis.
Development: Up to 75,000 Sf Development sites with acquisition costs less then $10 million dollars.
Firm: Mid-sized developer based in the Southeast
Product: Multifamily and office development
Deal Size: $25M-$100M, with most falling into the $30M-$50M range
Acceptable Locations: All Southeast (Nashville, Atlanta, Richmond, Charlotte, Raleigh, Charleston)
Work with Partners: Work with all sorts of LPs - family office & institutional
Deals: Hesitant to get deal specific, but will happily share a range of expected returns / development spreads we are seeing.
Obviously, based on above, it is tough to make the numbers work on infill multi. Seriously do not understand how some of those deals get done.
Larry, does your shop develop in Florida?
No way, Jose
Sell-side at top 3 brokerage shop. Florida focused. Mainly focus on multifamily - everything from investment sales to equity placement to agency loan intermediary. Average deal size for investment sales is roughly $50mm.
I am currently marketing a JV equity opportunity to invest LP capital in a luxury for-rent multifamily highrise development on the west coast of Florida. At an 85%/15% split, LP equity check is roughly $23mm. Sponsor has construction loan term-sheet in hand at L+275bps pricing.
That sounds spicy than a muhfucka...
Firm: Ground up & Value Add Rehab Developer
Product: Mostly Affordable Multifamily, some Market Rate Mixed Use product
Locations: New York City Metro Area
Strategies: Affordable Acquisitions, Market Rate Ground Up & Affordable
Deal Size: $10MM - $100MM
Work with GPs or Partners: Will Co-GP w/ pro-rata guarantee splits, otherwise no
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