The principals of Mar Ventures, Inc. and Canyon Development of Beverly Hills established the Mar Canyon Real Estate Value Fund to acquire performing and underperforming real estate assets from owners and lenders. The principals are investors and have acted as developers, asset managers, investors, and financiers for all types of real estate. They have owned and developed over 6 million SF of property.
The fund targets individual assets or pools of assets for long term investment or opportunistic resale. The principals' development expertise facilitates underwriting these acquisitions and other value added opportunities.
The fund co-invests and acts as general partner in ventures with institutions and opportunity funds. The fund offers local market knowledge along with long standing relationships with local brokers, banks, and institutional owners.
Key strategies include:
- Partnering with investors to spread risk, increase deal flow, and deploy maximum expertise
- Focus on established locations for identified product type, with preference for prominent sites with limited competition and barriers to entry
- Preference for multitenant properties with staggered expirations
- Aggressive leasing and tenant retention programs with flexible and responsive management
In addition to market knowledge and development experience, the fund also has the capability to actively manage assets. The retention of key tenants through active tenant relations programs, flexible lease extensions, and responsive management is critical, as is leasing vacant space.
Other key attributes include:
- Aggressive cost cutting focus without compromising quality of service
- Strong monthly reporting packages
- The ability to provide fee based receiver or asset management services to institutional holders
- Emphasis on sustainability
