Private real estate · United States

Guided by demand. Disciplined by scarcity.

Real estate where demand is durable and supply is finite — read through the leasing market, underwritten conservatively, owned and managed directly.

Investor enquiries Our approach →

A thesis-driven equity investor that builds value through ownership. Primarily equity, selectively preferred — positioned to act with more conviction, and more care, than the institutions around us.

Our approach

Judgement over the spreadsheet.

Origination through judgement

We read more than the numbers. Rigorous analytics, folded into a wider thesis — history, context, the idiosyncrasies of a deal, the downside — and local relationships that surface what others never see.

Disciplined underwriting

Attractive basis, real cash-flow yield, and upside we create ourselves. We don't chase momentum, and we won't reach for financial or development risk to make a deal work.

Direct, hands-on management

We own and manage directly, in markets where we already stand. Built for a higher-rate world — yield and inflation capture — and aligned with partners who think in decades.

Where we invest

Sectors shaped by real demand.

Newbuild retail

New product where infrastructure, amenity and demand reinforce one another.

Low-coverage manufacturing

Functional industrial space underpinned by genuine occupier need.

Attraction-based office

Workplace that earns its tenants — chosen, not defaulted into.

Track record & experience

Institutional pedigree, working directly for investors.

Over $1.5 billion of real estate invested and managed — across asset classes, global markets and every cycle since, including the financial crisis — with full discretion on behalf of institutional capital. Active today in Texas and Florida. The detailed record and pipeline follow in conversation, with qualified investors.

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$1.5B+

Value invested & managed

Multiple cycles

Including the GFC

TX · FL

Active markets today

Equity / pref

Position in the stack

The opportunity

Independent thinking. A proven record. A partner for the long term.

A partnership-oriented business built on independent thought, high-calibre management and diligent execution — high-pedigree people who find smart projects and run them well, with the record to show for it. The strategies on our desk today are the best we have worked on. The surest way to judge them is to see them.

Investor enquiries See our strategies →