Our Standards for Returns
We set a high bar for the projects we take on. Many of the opportunities we evaluate project gross IRRs in the range of 30–40%, but we only move forward if we believe there’s a clear and achievable path to delivering a net IRR of 20% or more to our investors.
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This isn’t easy. High IRR development projects often come with significant risk, and we’re not in the business of gambling. Instead, we search for needles in the haystack—opportunities where strong returns align with measured, manageable risks.
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For every project we say yes to, we’ve passed on dozens that didn’t meet our standards. It’s a disciplined approach that prioritizes quality over quantity, ensuring we deliver results you can count on.
What We Look for in
Investment Partners
We seek partners who share our commitment to intelligence, rationality, and value. While many of our projects are shorter-term, our focus is on building a base of high-quality, long-term investors. These are individuals and institutions who understand the value of patience, discipline, and aligning capital with opportunity.
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Many of the deals we pursue are time-sensitive, requiring swift, decisive action. Long-term capital aligned with our philosophy enables us to move quickly when opportunities arise. By partnering with like-minded investors, we can focus on what matters—delivering exceptional returns while maintaining the integrity of our approach. Having aligned partners we believe is strong competitive advantage.
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We Build
Development starts with meticulous planning and a focus on fundamentals. We target locations and projects where long-term tenant demand is evident, and the economics make sense. Each property is built to exacting standards, ensuring not just quality but the resilience to weather shifting market conditions.
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We work exclusively with developers who have demonstrated exceptional integrity, a proven track record, and a value-driven approach. These partners share our commitment to precision and maintain strong relationships with reliable contractors, ensuring a narrow range of predictable costs. Every decision—from design to construction to leasing—is made with care to protect capital and maximize future upside.