We aspire to be the preeminent real estate investor in the United States.
With over 15 years of experience in commercial real estate, the team has skillfully maneuvered through market shifts. In 2019, while managing $2B in assets, they became net sellers after noticing signs of a frothy market fueled by abnormally low-interest rates and cap rates.
We believe there are compelling investment opportunities again, in the wake of current market conditions resulting in distressed assets.
Investment Strategy
Our approach specifically targets high-growth markets with strong underlying fundamentals, and our platform is rooted in sound investment strategies and underwriting principles. By leveraging supply and cost imbalances, we can acquire properties that generate durable cash flows. Thanks to our strong deal-sourcing relationships, we often gain preferred access to properties and portfolios before they hit the market.
Investment Criteria
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Properties with sellers that have been affected by dramatic and sudden interest hikes with maturing and/or floating debt and impacted by higher insurance costs, G&A, and/or property taxes. We believe there is a relatively short window to take advantage of this economic environment. ATX generates off-market deal flow through relationships with owners, LPs, lenders, and brokers.
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Markets with strong population and job growth compared to broader averages.
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Investments with significant upside derived through use of technology or competitive repositioning through a capital program, while avoiding high-risk or aggressive leverage.
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Deals requiring $5-20 million of equity largely fly under the radar of institutional investors thereby creating an investment environment in which the Fund can flourish.
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Investments are analyzed within both a 5+ and 10+ year context. This horizon helps us avoid myopic investments and look past short-term trends that distort forecasts.