A Differentiated Approach to Real Estate Investing

Our investment expertise and unique capital structure combine to drive value

BLG Capital Advisors’ real estate private equity group is focused on opportunistic and value-oriented commercial real estate transactions both domestically and abroad. Our clients invest in single property transactions and property portfolios in a wide variety of direct equity structures, including at the operating company/enterprise-level and in portfolio aggregations, stand-alone asset acquisitions, and joint ventures with best-in-class operating partners.

Our direct real estate equity strategy is particularly focused on opportunities with unlocked value or growth potential in niche segments of the industrial and residential property sectors. We generally target equity investments of $10-$75+ million, with a preference for longer-term hold horizons, often in the construct of portfolio aggregation structures.

Platform-Level Capital Solutions

Within this context, we provide controlling and non-controlling equity capital at the enterprise and asset level for:

  • Stand-alone real estate operating or investment platforms
  • Real estate operating platforms and property portfolios (existing and/or portfolio aggregations)
  • Management-led recapitalization
  • Expansion or growth of existing or new business lines
  • Co-GP Ventures
  • Special situations

Representative Existing Platform-Level Investments

Print
  • Sub-strategy: Portfolio Aggregation
  • Sector / Sub-sector: Industrial / Industrial Service Facilities
  • Summary: Acquired 23 properties across eight markets (Atlanta, Chicago, Dallas, Denver, Houston, Los Angeles, Orlando, and Phoenix)
  • Status: Active
  • Website: www.industrialoutdoor.com
Karis Logo
  • Sub-strategy: Portfolio Aggregation & Co-GP Capital
  • Sector/Sub-sector: Industrial / Cold Storage
  • Summary: Portfolio aggregation via acquisition and ground-up development of a cold storage portfolio in major U.S. distribution markets
  • Status: Active
  • Website: www.kariscold.com
Magellan
  • Sub-Strategy: Management-led platform recapitalization / Co-GP Capital
  • Sector/Sub-sector: Residential / Urban Infill Development
  • Summary:  Operating platform growth-capital and co-GP property-level equity in large, urban infill residential and mixed-use developments in top 20 MSA markets in the US
  • Status: Active
  • Website: www.magellandevelopment.com

Property-Level Capital Solutions

BLG Cap clients invest in single properties and portfolios with opportunistic and value-oriented characteristics, directly or in partnership with operators. Generally, we are focused on opportunities in the industrial and residential real estate sectors in a key set of target geographies with total capitalization profiles in the $30 to $150 million range. Within this context, we provide controlling equity capital at the property-level for:

Value-Add

Value-add opportunities for properties in the industrial, office and residential sectors that are under-funded or under-capitalized where value can be created by acquiring at an attractive basis and implementing asset management and capital expenditure initiatives to drive income and underlying value.

Opportunistic

Opportunistic assets in the industrial and residential sectors that may involve distress or other special situations, rezoning or entitlement work, or horizontal or vertical development.

Recent Property Investments

The Thompson Austin

Real Estate Strategy: Ground-Up Development

  • Asset Class: Hospitality and Multifamily
  • Sizing: 411-key hotel, 331 apartment
  • Investment Year: 2018
  • Current Status: Under construction, delivering 2021

Perris Gateway, Perris, California

Real Estate Strategy: Ground-Up Development

  • Asset Class Industrial
  • Sizing: 397,00 square feet
  • Investment Year: 2016
  • Current Status: Sold 2018

Latitude on Hillsborough, Raleigh, North Carolina

Real Estate Strategy: Ground Up Development

  • Asset Class: Student Housing
  • Sizing: 523 beds
  • Investment Year: 2019
  • Current Status: Stabilized

80 West Broadway, Boston, Massachusetts

Real Estate Strategy: Land Development

  • Sizing: 0.5 acres
  • Investment Year: 2019
  • Current Status: Entitlements in Process

900 Marquette, Minneapolis, Minnesota

Real Estate Strategy: Land Development

  • Sizing: 0.9 acres
  • Investment Year: 2020
  • Current Status: In Design

Golden Triangle Station, Eden Prairie, Minnesota

Real Estate Strategy: Land Development

  • Asset Class: Land plus flex office
  • Sizing: 41 acres (including 345,000sf of existing building)
  • Investment Year: 2019
  • Current Status: Various

Jackson Road, Devens, Massachusetts

Real Estate Strategy: Value-Add

  • Asset Class: Industrial
  • Sizing: 355,000 square feet
  • Investment Year: 2018
  • Current Status: Sold

International Market Square, Minneapolis, Minnesota

Investment Strategy: Value-Add

  • Asset Class: Office
  • Sizing: 347,000 square feet
  • Investment Year: 2017
  • Current Status: Stabilized

Woodfield Preserve, Schaumburg, Illinois

Real Estate Strategy: Value-Add

  • Asset Class: Office
  • Sizing: 633,000 square feet
  • Investment Year: 2016
  • Current Status: Stabilized