Commercial, residential, industrial, hospitality, REITs, real-estate private equity, infrastructure, and real-estate technology — advisory for the long-tenor capital structures that finance the built world.
Real estate is not one market. The capital structures, holding periods, and counterparty sets differ materially across office, industrial, hospitality, multifamily, and the operating platforms behind each. The firm's coverage extends across the principal sub-segments.
Office assets and portfolios, suburban and central business district, owner-operator and institutional-owned.
Warehouse, distribution, last-mile, cold storage, light industrial, infill industrial.
Conventional multifamily, workforce housing, build-to-rent, single-family rental platforms, student housing.
Full-service and limited-service hotels, resort, branded and independent, hotel platforms and operating companies.
Public REIT advisory, strategic alternatives review, going-private analysis, REIT M&A.
Sponsor secondaries, GP and LP-led recapitalizations, fund-level strategic conversations.
Digital infrastructure adjacent to real estate (data centers, fiber colocation), energy-infrastructure assets, social infrastructure.
PropTech, property-management platforms, leasing and transaction technology, construction technology.
Refinancing maturities from 2014–2017 vintages rolling into a materially different rate environment, combined with structurally elevated vacancy in many markets, have produced the most active office restructuring cycle in over a decade. Platform-level conversations are now common alongside asset-level ones.
The e-commerce-driven industrial demand pattern, combined with reshoring-related industrial activity, continues to support fundamentals in industrial assets. Platform M&A in industrial operating companies remains a steady mandate set.
Real-estate sponsors are using GP-led secondaries to extend hold periods on quality assets, return capital to LPs, and recapitalize fund structures. The conversation has moved from exotic to mainstream over the last twenty-four months.
The capital intensity, the lease structure, and the institutional allocation have all moved data center into a real-estate-adjacent infrastructure conversation. Platform M&A and capital-formation activity in digital infrastructure is at a multi-year high.
Public REITs trading at material discounts to NAV face board-level conversations about going-private alternatives, asset sales, and platform-level mergers. The firm's role is the partner-led alternatives review and the disciplined process behind the recommendation.
These are archetypes drawn from partners' experience and the firm's coverage discipline. Each describes a typical client situation; specific outcomes vary.
The mandate is the lender engagement, the workout architecture across the capital structure, and the asset-by-asset triage. The firm runs platform-level conversations with the asset-level work in specialist hands.
The buyer set spans strategic platforms, larger sponsor-backed operating companies, and selectively public REITs. The mandate is the disciplined process — defined outreach, calibrated diligence, and a structure that survives.
The mandate is the partner-led alternatives review — continued independence, going-private, asset sales, platform merger — with the structural integrity expected of a special-committee process.