Committed demand first
We prefer a signed requirement to a market forecast. Speculative office needs a recovery thesis we are not willing to sell to a partner.
Office
A sector that rewards discipline. We develop office against committed demand, not against a market forecast.
Office is the asset class where honest underwriting matters most right now. Structural change in how space is used has separated buildings that will hold occupancy from buildings that will not, and the difference is not explained by vintage alone — it is location, floorplate, amenity, parking, and the quality of the covenant on the lease.
We approach office selectively and prefer committed demand: build-to-suit for a specific occupier, medical and professional office with sticky tenancy, or adaptive reuse where the basis supports a repositioning. We are not interested in speculative office supply that requires a market recovery to underwrite.
What we build
- Single-tenant build-to-suit
- Medical office buildings
- Professional and service office
- Suburban low-rise office
- Adaptive reuse and repositioning
- Flex office and creative space
- Corporate campus
- Office condominium
How we underwrite it
Covenant quality
The value of an office building is largely the value of its leases. Tenant credit and term drive both financing and exit.
Floorplate and parking
Efficiency, daylight, and parking ratio decide whether a building competes for the tenants who are actually moving.
Capabilities we bring
Every one of these is carried in-house by a principal, not referred out.
Corporate occupiers & expanding operators
Define a Requirement
A build-to-suit is an operating decision before it is a real estate decision. Tell us what the operation needs and we will take it from site selection through delivery as one accountable party.