We acquire stakes in listed companies whose securities are trading at discounts to their intrinsic value. Typically, we seek opportunities during times of market stress or in misunderstood securities.

In certain special situations, we acquire distressed claims, strategic stakes, or invest in private opportunities that other market participants ignore due to size, liquidity constraints, or complexity. While we are sector agnostic, we allocate to several key themes in which our team has developed a deep expertise.

Our real estate strategy pursues investments in real estate-related assets including acquiring securities of listed real estate companies and buying wholly owned properties in private markets. Our direct asset ownership focuses on value-added strategies including improving assets, leasing, and addition of management expertise.

We invest opportunistically across a broad range of real estate assets, in various parts of the capital structure, with a focus on office, retail, multifamily and industrial assets.