CoIP firmly believes that one size does not fit all in real estate equity and that programmatic joint ventures (PJV) or a strategic alliance provides a more targeted approach to investing.
PJVs allows the investor (or a club of investors) to partner with a best–in class operator and execute on a strategy focused on a property type, geography or a set of fundamental drivers.
PJVs are also the most efficient way for an investor to partner with an operator with a proven skill set to deploy capital over time.
CoIPs’ recent discussions for PJVs include:
- Student Housing – Income yielding strategy to acquire and renovate properties in U.S.
- Hollywood, CA – Develop mixed use properties in Hollywood with an experienced developer who has an identified pipeline of sites
- Shariah Compliant – Acquire income generating properties in secondary U.S. markets that adhere to Shariah principals
- Light Industrial – Recapitalize an existing portfolio and acquire light industrial multi-tenanted properties in 5-7 key markets
In addition to improved economics for both the operator and the investor resulting from the elimination of an allocator, PJVs are cost effective and can be executed quickly when compared to the 12-18 months it presently takes to close a discretionary fund.