BMC has dedicated the past decade to evaluating the efficacy of numerous strategies for aggregating undervalued real estate with seasoned/sophisticated sponsors by supporting their capital markets needs and representing them in the seller outreach process. This section gives an overview of BMC's established investment mandates, lead by existing joint venture partnerships and motivated by compelling macroeconomic supply/demand characteristics.
BMC’s ultimate goal is to participate in well designed, highly scalable, real estate focused general partnerships. Having spent over a decade building its own portfolio through a range of joint venture partnership approaches, the leadership team has become comfortable with the necessary dynamics for a successful general partnership and has formed relationships with its fair share of the capital allocation community. The firm intends to utilize its excess liquidity and infrastructural capacity to support the next generation of real estate independent sponsors by anchoring their programmatic strategies.
BMC aims to build a strong risk adjusted and diversified portfolio of CRE assets, primarily in niche strategies on behalf of its investors through investment in “select” opportunities exhibiting compelling investment bases and theses and value-add or opportunistic strategies coupled with strong locational and demographic characteristics in markets across the US.
BMC's wide range of experience allows the firm to assess the value of opportunities on a case by case basis. BMC is willing and able to satisfy liquidity needs from any angle of the capital stack to the extent that the basis and upside prove compelling.
BMC's leadership actively seeks opportunities to reduce its J Curve and capture alpha by stepping into mid deal positions for investors in need of near term liquidity. The unpredictable nature of capitalizing opportunities on a deal by deal basis often results in funding gaps for sponsors to meet their required contributions necessary to match risk balance with their limited partners.
Real estate is a long term hold business where investor needs sometime diverge from sponsor needs. BMC can step in to address this phenomenon through acquiring partial positions in existing deals from the investors to solve this divergence.
