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 Client
Platform-Level Investments

Investment Year: 2016

Sub-strategy: OpCo Capital / Portfolio Aggregation / Co-GP Capital

Sector / Sub-sector: Industrial / Industrial Service Facilities

Summary: Acquired 70+ properties across 18+ markets across the continental US

Status: Active

Website: www.industrialoutdoor.com

Investment Year: 2020

Sub-strategy: OpCo Capital / 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

Investment Year: 2019

Sub-strategy: OpCo Capital (management-led recap) / 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

Investment Year: 2021

Sub-strategy: Portfolio Aggregation

Sector / Sub-sector: Marinas

Summary: Acquired six properties in premier coastal markets

Status: Active

Website: www.integrafl.com

Investment Year: 2022

Sub-strategy: Portfolio Aggregation & Co-GP Capital

Sector / Sub-sector: Residential / Student Housing

Summary: Portfolio aggregation via acquisition and ground-up development of student housing assets in major U.S. universities

Status: Active

Website: www.upcampusproperties.com

Investment Year: 2020

Sub-strategy: OpCo Capital / Portfolio Aggregation

Sector / Sub-sector: Residential / Single Family Rental

Summary: Acquired and built more than 300 single family rental properties across the Sunbelt region

Status: Active

Website: www.secondavenue.com

Investment Year: 2021

Sub-strategy: Portfolio Aggregation

Sector / Sub-sector: Self Storage

Summary: Acquired ten properties with compelling value-add business plans in the Southeast and Midwest

Status: Active

Website: www.storsafe.com

Investment Year: 2022

Sub-strategy: Portfolio Aggregation

Sector / Sub-sector: Medical / Behavioral Health

Summary: Portfolio aggregation via acquisitions, including sale-leasebacks with prominent tenants

Status: Active

Website: www.aequore.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.