When acquiring its real estate assets and loans, Pathfinder considers supply and demand, economic conditions and market dynamics (including occupancy trends and concessions) within the sub-market, population growth and immigration in the area, cost basis (relative to both comparable properties and replacement cost) and value relative to other investment classes. 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 selected 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.