Strategy

Investment Approach

  1. 1.
    Single source of capital enables us to maintain flexibility and move quickly
  2. 2.
    Differentiated strategies with the potential to deliver outsized, opportunistic returns
  3. 3.
    Structures ranging from purely passive LP Investments to Direct Ownership

Limited
Partnerships

  • Highly differentiated, operationally intensive strategies that require a seasoned partner with substantial experience in a given niche
  • Closed-end funds and one-off deals

Co-GP
Partnerships

  • Long-term strategic partnerships focused on platform development, requiring GP and LP capital, strategic direction, and additional sourcing capabilities
  • Partnerships with groups who have proven track records, defined expertise within a high-conviction strategy and market, but lack a consistent capital base or a fully builtout team/platform

Direct
Ownership

  • Direct portfolio built for the long-term, with full control on major decisions focused on aggregating smaller assets
  • Focus on high-growth markets that include Denver, Dallas, San Antonio, Charleston, and Orlando; targeting growth paths within each of these markets

Strategy

Geographic Targets

Focus on markets benefiting from the following:

  • Positive migration flows and job creation
  • Diversified economies with a strong base of government, education, and healthcare
  • High-quality of living
  • More affordable cost structures
  • Fiscally responsible governments that are supportive of growth
  • States with more favorable tax structures
  • Limited climate risk
map

Focused on the following key metrics: Projected population growth, millennial population growth, employment growth, wage growth, rent growth, vacancy, construction and absorption volumes, liquidity, and aff ordability.

City building