Investment Strategy
Our investment philosophy is based upon the fundamental principle of acquiring assets where we can create value and generate attractive yields relative to the investment’s risk profile.
We are focused primarily on the acquisition of office, industrial, R&D, and multi-family properties as well as covered-land positions with future development potential.
Amarok targets well-located properties that can generate outsized returns relative to risk through creative capitalization and implementation of specific plans designed to reposition, upgrade and improve asset operations and maximize financial performance. The firm’s hands-on approach ensures each asset is the primary focus and responsibility of one of its principals.
Informed by years of investment and capital markets experience, Amarok puts significant focus on the evaluation of the current economic climate. Our principals have been through multiple business cycles dating back to the late eighties and understand the opportunities and risks that present themselves at each stage of the investment cycle. This understanding is critical to evaluating each investment opportunity in the context of current and future property market fundamentals and capital market dynamics.
Amarok prides itself on its relationships with the brokerage community and respects the important role they play in our firm’s success. Further, we have developed a streamlined investment decision-making process that allows for quick evaluation, timely response and dependable execution.
Our Investment Criteria
Markets
Our primary geographic focus is the Western United States including the San Francisco Bay Area, Sacramento, Southern California, Pacific Northwest, Denver and Salt Lake City.
Property Types
We invest in office, industrial, R&D, multi-family, and covered-land positions. Other asset types considered on a case-by-case basis.
Deal Size
$10-100+ million (total project capitalization).
Investment Structure
Equity is provided by the principals of Amarok in joint venture with institutional capital partners or syndicated equity from high-net-worth investors. We typically leverage our investments up to 65% LTC (total project capitalization).
Opportunity Profile
Existing Properties: We target well located assets that present an opportunity to increase value through physical repositioning, re-leasing, active asset management and creative capitalization.
Development: We target covered-land positions that generate current income and present an opportunity to create value through design, entitlement, and development activities.
Debt: We seek to acquire debt positions that present an opportunity to enhance asset value through active management and where there is an understood path to recapitalization and/or ownership.
Hold Period
2-10 years (flexible).
Risk Profile
Core-plus, value-add and opportunistic.