Pitch Your Deals!

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

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Comments (23)

Apr 11, 2018

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

    • 2
Apr 11, 2018

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

    • 1
Apr 13, 2018

Top tier capital advisory - is that JLL/CBRE/CW or HFF/Eastdil?

Apr 11, 2018

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.

Apr 11, 2018

Anyone here going to ICSC? Let's get a drink. PM me.

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Apr 11, 2018

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

    • 1
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Side-by-side comparison of top modeling training courses + exclusive discount through WSO here.

Apr 27, 2018

.

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    • 1
Apr 12, 2018

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

    • 1
Apr 12, 2018

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

Apr 13, 2018

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

Apr 13, 2018

Firm: Small friends / family fund I put together after leaving private equity
Product: Value-add multifamily
Acceptable Locations: Mid-Atlantic
Deal Size: $1M-$5M

    • 1
Apr 13, 2018

All this criteria but no deals :(

Best Response
Apr 13, 2018

I've got some ocean front property in Arizona

    • 7
Apr 14, 2018

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.

    • 1
Apr 14, 2018

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.

  • Ground-Up Suburban Multifamily - 6.75% to 7.00% RoC | 1.50% spread
  • Ground-Up Infill Multifamily - 6.00% to 6.25% RoC | 1.00% to 1.25% spread
  • Ground-Up Suburban Office - 8.00% to 8.50% RoC | 1.25% to 1.50% spread
  • Ground-Up CBD Office - 7.25% to 7.75% RoC | 1.50% spread

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.

    • 1
Apr 18, 2018

Larry, does your shop develop in Florida?

Apr 14, 2018

No way, Jose

Apr 18, 2018

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.

    • 1
Apr 19, 2018

That sounds spicy than a muhfucka...

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Apr 19, 2018

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

May 1, 2018

F

May 16, 2018
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