We target quality properties with strong fundamentals, attractive risk/return profiles and substantial value creation potential.

Investment Approach
The US Real Estate team locates pricing anomalies by identifying situations where the real estate fundamentals are under-priced by the capital markets, and locates assets in markets with diverse tenant demand, supply constraints and exit liquidity. Simultaneously, the team seeks out situations where fundamentals are under-appreciated. The team looks for superior returns through active asset management - repositioning assets through capital expenditures and leasing - and then selling to buyers with lower costs of capital.

THIS INFORMATION IS INTENDED FOR INSTITUTIONAL INVESTORS ONLY AND DOES NOT CONSTITUTE AN OFFER TO PURCHASE ANY SECURITIES OF THE FUND OR THE SOLICITATION OF AN OFFER TO PURCHASE SECURITIES OF THE FUND. ANY SUCH OFFER OR SOLICITATION WILL ONLY BE MADE BY OFFERING MATERIALS TO BE DELIVERED TO ACCREDITED INVESTORS BY THE FUND IF IT PROCEEDS WITH THE OFFERING. NO INVESTMENTS WILL BE ACCEPTED BY THE FUND UNLESS SUCH INVESTOR HAS RECEIVED A PRIVATE PLACEMENT MEMORANDUM, HAS EXECUTED AN ACCREDITED INVESTOR QUESTIONNAIRE AND A SUBSCRIPTION AGREEMENT AND THE FUND HAS DETERMINED THAT SUCH INVESTOR IS AN ACCREDITED INVESTOR. DO NOT SEND ANY MONEY IN RESPONSE TO THIS SUMMARY.