The West Coast eREIT focuses on a balanced approach of acquiring both debt and equity investments in commercial real estate assets located on the West Coast. The eREIT targets investments with fixed rates of return that maximize current income, and equity investments with significant potential value creation.
In particular, the West Coast eREIT's strategy centers on the stable economy of the West Coast, in particular Los Angeles, which is filled with pockets of high growth and a concentration of creative industries requiring in-person and onsite work (such as film and production, music and entertainment, and fashion and arts, among others). Additionally, the West Coast continues to face extreme housing supply constraints and high barriers to new construction.
Investment strategy drivers:
- Flexibility: Our ability to acquire value-add or lease-up properties as well as commercial assets that require repositioning or redevelopment. This enables us to selectively acquire properties that offer what we believe to be the most favorable risk-adjusted returns for our investors today, balanced with the potential for significant value appreciation over the long term.
- Housing supply constraints: Investing in stabilized and ground-up development projects in the multifamily sector via mezzanine debt and preferred equity capital allows us to potentially generate strong recurring dividends for investors.
- Neighborhood redevelopment: Our neighborhood redevelopment strategy creates synergies across multiple assets close to one another in Los Angeles, shaping our tenant base to be composed of similarly focused creative and innovative businesses with high growth potential, which we view as key drivers of long term performance of real estate assets within the neighborhood.
- Vertical integration: A vertically integrated value chain, allowing us to leverage technology in our asset management and operations of the directly owned assets.
