Aerial twilight view of a gateway city skyline with illuminated office towers against deep indigo sky

Assets Under Management · Vintage 2019–2025

$4.7B

Commercial Real Estate · Institutional Grade

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Closed Transactions

The Portfolio.

Every card is a closed chapter. Hover to read the thesis, the execution, and the return.

21.2%

Avg. Net IRR

2.4×

Avg. Equity Multiple

38

Transactions

Towering glass office building reflecting city skyline at dusk
Office TowerRealized

One Harbor Plaza

New York, NY · 2019

Core-Plus Value Add — 28-floor Class A tower, full lobby repositioning, amenity deck conversion, LEED Platinum recertification. Executed lease-up to 97% occupancy at 18% premium over in-place rents.

Net IRR

19.4%

Equity Multiple

2.6×

Entry Basis

$312 / SF

Hold Period

5.2 Years

Office Tower · New York, NY

Aerial view of modern logistics warehouse complex with loading docks and truck courts
Logistics ParkRealized

Meridian Distribution Hub

Dallas, TX · 2020

Opportunistic — Last-mile logistics campus, 840,000 SF across 6 buildings. Acquired vacant, stabilized with three investment-grade tenants on 10-year NNN leases.

Net IRR

24.1%

Equity Multiple

2.1×

Entry Basis

$68 / SF

Hold Period

3.8 Years

Logistics Park · Dallas, TX

Modern mixed-use development with retail ground floor and residential towers above
Mixed-UseRealized

The Westfield Assembly

Denver, CO · 2020

Value-Add — 320-unit multifamily above 40,000 SF of ground-floor retail. Full interior renovation program, rooftop amenity addition, retail re-tenanting to experiential F&B.

Net IRR

17.8%

Equity Multiple

2.3×

Entry Basis

$218,000 / unit

Hold Period

4.5 Years

Mixed-Use · Denver, CO

Modern tech campus office buildings with open-air walkways and landscaping
Office CampusRealized

Arcadia Tech Commons

Austin, TX · 2021

Core-Plus — 3-building tech campus, 620,000 SF. Anchor tenant renewal at 22% mark-to-market. Spec suite program for sub-10,000 SF demand.

Net IRR

16.2%

Equity Multiple

2.1×

Entry Basis

$285 / SF

Hold Period

4.1 Years

Office Campus · Austin, TX

Large industrial warehouse facility with high bay ceilings and loading infrastructure
IndustrialRealized

Crosspoint Logistics

Chicago, IL · 2021

Opportunistic — Cold-storage conversion of legacy manufacturing facility, 1.1M SF. Executed in 18 months, stabilized at 100% occupancy with 3PL tenants.

Net IRR

31.7%

Equity Multiple

2.8×

Entry Basis

$42 / SF

Hold Period

3.2 Years

Industrial · Chicago, IL

Modern life sciences research facility with glass curtain wall and laboratory spaces
Life SciencesActive

Helix Research Center

Boston, MA · 2022

Opportunistic — Conversion of Class B office to lab/R&D, 280,000 SF. Leased to two biotech tenants pre-CO. Significant basis advantage vs. new construction.

Net IRR

22.4% (proj.)

Equity Multiple

2.4× (proj.)

Entry Basis

$340 / SF

Hold Period

Active

Life Sciences · Boston, MA

Investment Strategy

A Thesis That
Compounds.

We operate across the risk-return spectrum — core-plus through opportunistic — with a consistent underwriting framework and an uncompromising bias toward basis.

01

Basis Discipline

We underwrite to replacement cost, not market sentiment. Every acquisition must demonstrate a durable basis advantage before capital is committed.

02

Operational Alpha

Returns are engineered through active asset management — lease restructuring, capex deployment, and tenant relationship management — not financial engineering.

03

Vintage Compounding

Each fund vintage builds on the last. Deal flow sourced through proprietary broker relationships and off-market channels developed over 15 years of market presence.

04

Institutional Process

Investment committee approval required on all transactions above $25M. Quarterly portfolio reviews with independent valuation. Full LP reporting transparency.

Portfolio Allocation by Asset Class

Office
18.4% IRR38%
Industrial / Logistics
26.2% IRR31%
Mixed-Use
19.1% IRR18%
Life Sciences
22.4% IRR13%

Primary Markets

New YorkLos AngelesChicagoBostonDallasAustinDenverMiamiSeattle
Glass office tower exterior showing architectural detail and city reflection at dusk

Avg. Hold Period

4.3

Fiscal Years

Basis Advantage

34%

vs. Replacement Cost

The Principals

Institutional Pedigree.

Professional headshot of a senior male executive in dark suit against neutral background

James Harrington

Managing Partner & CIO

Blackstone Real Estate · Goldman Sachs Realty

"We buy where the basis is defensible and the thesis is executable. Everything else is noise."

$4.7B

Deployed

38

Deals

22 Years

Experience

Professional headshot of a senior female executive with confident expression in office setting

Catherine Solis

Partner, Capital Markets

JPMorgan Asset Management · CBRE Global Investors

"Our LP relationships are built on one thing: delivering exactly what we said we would."

$2.1B

Deployed

21

Deals

17 Years

Experience

Professional headshot of a senior male executive in business attire with confident posture

Marcus Okafor

Partner, Acquisitions

Brookfield Asset Management · Starwood Capital

"The best deals are sourced before they reach the market. Relationships are the edge."

$1.8B

Deployed

19

Deals

14 Years

Experience

Fund History

2009

Firm Founded

First close: $180M Fund I

2013

Fund II Close

$420M · Core-Plus mandate

2017

Fund III Close

$890M · Expanded to industrial

2021

Fund IV Close

$1.6B · Life sciences addition

2025

Fund V Launch

$2.2B target · Active deployment

Fund Documentation

Download the
Current Tear Sheet.

The Fund V tear sheet includes vintage performance attribution, portfolio composition, current deployment status, and target return parameters. Prepared for institutional review.

—Fund V performance summary (as of Q4 2025)
—Vintage-over-vintage IRR attribution
—Current portfolio NAV and deployment status
—Target return parameters and risk factors

For qualified institutional investors and accredited individuals only. Information is subject to confidentiality obligations.

Allocate Capital Management

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