Strategy
Clear, data-led theses converted into KPI-driven business plans with explicit milestones and downside protection.
Our philosophy
We underwrite reality, not hope. Base cases are conservative; upside is something we earn through controlled catalysts, leasing, operational efficiencies, targeted capex, and governance.
What we deliver
- •Investment theses with micro-market depth (demographics, supply pipeline, regulation, replacement cost).
- •12–36 month business plans with monthly KPIs, owners' assumptions, and capex roadmaps.
- •Sensitivity trees & break-evens across rent, occupancy, opex, capex overruns, rates, and exit yields.
- •Risk register with mitigations, triggers, and owners.
- •IC materials: 1-page précis, full memo, and red-team review notes.
KPIs we track
Revenue
Occupancy, lease trade-outs, renewal % and spreads, concessions, bad debt.
Cost
Opex ratio, utilities intensity, vendor variance, maintenance backlog.
Capex
Schedule adherence, budget vs. actual, payback/IRR by workstream.
Value
NOI bridge, DSCR/ICR (if levered), yield-on-cost, TEV vs. replacement, equity MOIC.
Risk controls baked in
- •Conservative assumptions tested against downside scenarios.
- •Pre-defined triggers for plan adjustments or exit reviews.
- •Regular variance analysis to identify deviations early.