Taking value creation to the next level: custom real estate businesses

In 2013, our managing partners were approached by a family office that was interested in capitalizing on the distressed state of the real estate markets in the US at that time. The family office had no particular plan or direction in that regard, but had strong intent and ready-to-deploy capital. After a 30 minutes
conversation, it became clear that this organization was not seeking a traditional investment vehicle. Rather, they wanted to “own the game” and have full control and autonomy of their new venture. More than just a portfolio of assets, they wanted an integrated real estate investment arm that would complement their existing portfolio of infrastructure and natural resource assets.

Our managing partners were engaged, key objectives were agreed upon and an execution plan was put in place within 6 weeks. Within 36 months, this family office had a fully staffed operation with $73 million of quality mixed use assets in the US Sunbelt under ownership and management. The new real estate entity was generating an Internal Rate of Return (IRR) of over 32% in its 3 rd year. Importantly,  When our managing partners were satisfied that all of the key objectives were achieved, the correct management team was retained and a 1-3-10 year plan was signed, sealed and delivered, they existed this business in 2018. It was fully autonomous. Now, the real estate business of this family office has over $300 million of assets under ownership and management. The key was to build a proper foundation and then set it on the right path.  

While the objectives of every partner are different and unique, the following offers a broad idea of how we build real estate businesses from the ground up 

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about us

18 North is a vertically-integrated owner and manager of a diverse real estate portfolio, with a focus on multi-residential assets. We believe that successful partnerships drive asset performance, and invest accordingly.

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