When acquiring real estate assets, Pathfinder considers supply and demand, general economic conditions and market dynamics (including occupancy trends and concessions) within the sub-market, population trends and cost basis (relative to comparable properties and replacement cost). We seek to create value through investments that are:
Opportunistic – We capitalize upon market inefficiencies, weakened lenders, over-leveraged investors, liquidating funds and other conditions that lead to motivated sellers. We also seek to identify catalysts for change and changes in the cycle of a market.
Value-Added - Our principals seek to reposition assets through creative and thorough asset management, aggressive leasing and necessary capital improvements to make properties suitable for subsequent sale following a period of stabilization.
Core Investments – We will also consider core investments that are characterized by relatively low vacancy rates, relatively low capital expenditure requirements and positive cash flow. Typically, we seek an element of financial distress or a catalyst likely to lead to value creation in these investments. Catalysts might include above average lease roll-over risk or leases that are below current and projected market rates.