The Fund follows a disciplined and systematic investment process subject to the overall policy direction of the investment committee, consisting of senior executives (“Investment Committee”). The stages of the investment process are highly integrated, with formal Investment Committee review as the final point of the process.
SOURCING & SCREENING
- Identify potential market opportunities through domestic and international network of contacts
- Negotiate pricing and deal structure
- Property visit and market tour
- Identify major areas of concern and opportunity
- Investment Committee preliminary review
UNDERWRITING & DUE DILIGENCE
- Internal due diligence and comprehensive review of third-party reporting
- Perform financial analysis of transaction & negotiation with lenders
- Tenant credit profiles, interviews and risk ratings (for mixed-use)
- Environmental, geological surveys, & property condition reports
- Legal and title review
- Marketing plan
DECISION MAKING & CLOSING
- Review and evaluate risks, strengths, and weaknesses
- Confirm adherence to investment strategy
- Term sheet modification and final negotiation
- Committee approval
- Legal documentation and Closing process
ASSET MANAGEMENT & REPORTING
- Quarterly and annual reporting at both asset and Fund level
- Comparison of actual performance with original pro-forma
- Active asset and portfolio management
- Active property and portfolio performance review
- Position of assets for value creation and disposition