Our belief
At BMC, we believe that general partnerships are the key to economic progress and we are committed to maximizing the opportunity for them to be created. For over a century, real estate has served as a tried and true vehicle for entrepreneurialism and economic prosperity. Historically, unnatural barriers to entry and lack of a mechanism for bridging the gap from employee/service provider to large scale real estate owner/operator has limited the pool of high quality/long term oriented vehicle sponsors. BMC intends to leverage its existing institutional platform to diversify and streamline the process of sourcing, securing, executing on and improving real estate investment opportunities.
Guiding Principles and Virtues
BMC aims to level the playing field for ascending independent sponsors by sharing its resources and leverages its resultant investment vehicles to provide liquidity solutions for property owners with assets in its areas of focus.
The firm is designed to inspire liquidity events which result in compelling investment opportunities for its investment partners. The firm’s excess resources allow it to serve the role of helping real estate entrepreneurs to bridge the gap from independent sponsor to institutional fund manager while maintaining a fair share of ownership. Its role grows the circle of opportunity for industry professionals and provides a deep, high quality pool participation for investors.
BMC practices real estate investment as a team sport. The firm doesn’t view the industry as an every man for himself competition. Such dynamics can be formed where winners and losers are required to walk away from all professional interactions. The firm believes collaboration is essential to perpetually create value enhanced situations.
BMC believes that trust and loyalty are essential elements of any partnership or team. The firm expects this orientation from all professionals in its orbit.
Enjoying a wide field of awareness and frame of reference allows professionals to identify trends and themes ahead of general competition. It also allows for meaningful communication with a wide range of industry participants. The firm attempts to focus its relationship building with professionals who share a big picture perspective when viewing the world.
BMC believes that entrepreneurship is the purest expression of the American Dream and that real estate is the most proven method employed to realize it. We believe we are positioned to benefit by helping aspiring large scale owners of all backgrounds to benefit from the industry’s deep rewards.
Primary Focus Areas
As a Top 20 US storage owner, BMC can leverage its sister company, SROA Capital to continue to generate scale and move up the league table of the nations largest owner/operators. To acquire storage properties and portfolios in excess of 40,000 square feet in markets with the square foot per capita meets SROA’s supply/demand criteria
In the aftermath of 2020, BMC believes the opportunity to play a significant role in providing the necessary liquidity and operational expertise to help repair the hospitality industry and restore its target hotel properties to optimal performance exists. With its dedicated management team and preferred capital partners, BMC intends to acquire at least 50 hotel properties by 2025.
In the US, the demand for naturally affordable housing increases as the cost of living rises and workforce wages remain stagnant. Being able to provide these accommodations in markets, at the right cost basis, with attractive population and job growth dynamics will always serve as an attractive premise for investment. BMC would like to acquire workforce multifamily housing at appropriate price levels and repurpose other types of assets in markets where pricing for existing assets has exceeded intrinsic value.
As E Commerce’s share of omnichannel distribution mixes, the need for space to accommodate demand for last mile delivery grows exponentially. BMC would like to partner with sponsors with the most compelling, sustainable, scalable strategies which benefit from this secular trend. BMC has specific interest in how this trend applies to the distribution of food and beverage as concepts such as ghost kitchens, cold storage and vertical/urban farming evolve their investable operating models.
Mixed Use Developments are arenas where BMC interfaces with all real estate property types. While BMC will not undertake mixed use developments as a lead sponsor, it can play a role in maximizing the value of components matching its circle of competency (Storage, Hospitality, Housing, Logistics). BMC will aim to be helpful to mixed use developers who can benefit from its expertise and access to capital to complete their envisioned projects.
BMC maintains a fundamental belief in the value of acquiring real estate at a discount to its intrinsic value or replacement cost. If you believe you have secured a real estate opportunity, which has the potential to generate opportunistic returns and could benefit from additional resource support to execute, BMC would like to be helpful. As a program builder, BMC maintains a keen eye and open ears toward compelling ideas to generate value added returns by delivering order to dislocated real estate markets. Seeding and scaling compelling real estate investment strategies is the core mission of the platform. This is BMCs catch all bucket of opportunity. While BMC remains focused on its areas of strength, the platform welcomes new ideas and strategies with scale potential.
Value Proposition
BMC sees its lean and dynamic design as an enabler of an ability to provide uniquely flexible solutions to unlock liquidity in the market -Depending on the situation and property type, BMC can efficiently create the right solution to execute a trade
BMC prides itself in the dynamic design of each of its vehicles within the Beds and Sheds sphere of opportunity.
Competitive Edge
Capability
Sponsorship is conventionally approached as a specialized pursuit and often results in real estate entrepreneurs struggling to achieve the scale necessary to complete the journey from startup to institutional owner-operator. BMC has been able to build on its foundation of family office and institutional support by partnering with best in class operating partners.
Versatility
Through repeat transactions, BMC has established fidelity with its operating partners who benefit from the power of combining BMCs generalist perspective with their absolute strategic conviction, specialized knowledge and superior skill.
Flexibility
BMC’s lean headcount allows it to deliver liquidity solutions to owners while preserving the optionality to consider a range of approaches.
BMC consistently exceeds its partners’ expectations by identifying market dislocations and establishing the right team to execute on its partners’ roll up strategies. We enjoy the support of a set of aligned institutional allocators and large single family offices to identify off-market real estate investment opportunities. For property owners wishing to sell quickly and discreetly, we offer the ability to efficiently formulate a valuation and perform on a market timeline. BMC has also built its capacity to deliver all cash executions when time is of the essence. Trading partners benefit from a clean and uncomplicated divestiture process, with little to no transactional risks.
BMCs team of financial analysts, operators, accountants and attorneys work together to unlock the highest value possible for each asset that we bring to our investor base. We personally invest the time necessary to understand each element of a property or portfolio. If value can be added by redeveloping or repositioning an asset, our team can determine the optimal business plan in a timely manner. We will oversee and coordinate the efforts of architects, engineers, project managers and our in-house staff as necessary to ensure that your property is rewarded for its untapped intrinsic value. Our operating partners benefit from BMC’s broad experience and knowledge base.