Real Estate — global real assets portfolio
Strategy 03 · Mature

Anchored in tangible assets.

A globally managed real-estate sleeve providing the platform with tangible, asset-backed exposure across selected hospitality, multifamily, office, and urban projects in the United States, Japan, and Australia — designed for downside protection, income resilience, and value creation across cycles.

Pipeline Highlights
One Irvine · Edition$800M
San Diego · Cortez Hill$113.1M
DC · Penn Quarter$52.9M
Strategy Overview

Real assets with identifiable value-creation levers.

The strategy focuses on real assets with identifiable value-creation levers — redevelopment, repositioning, conversion, operating improvement, and disciplined project delivery — combined with physical asset backing and hands-on execution.

01

Strategy.

  • Redevelopment
  • Development
  • Repositioning
02

Asset Types.

  • Hospitality
  • Multifamily
  • Office
03

Geographies.

  • United States
  • Japan
  • Australia
Selected Projects

Conversion, development, and value-creation capabilities.

Three flagship initiatives spanning ultra-luxury residential, institutional multifamily, and adaptive-reuse hospitality across California and the East Coast.

01
Flagship
Ultra-Luxury Residential · Irvine, CA

One Irvine — Edition

~$800M
Total Cap.
Location
2525 Main Street, Irvine, California
Asset
~3-acre site · ~110 ultra-luxury residences
Status
Entitlement approved
Partner
Managed by Edition
Investment Rationale

Core-Irvine redevelopment with Edition brand premium and luxury supply-gap upside.

02
Development
Class A Multifamily · San Diego, CA

Cortez Hill Tower

$113.1M
Total Cap.
Location
110 Beech St, Cortez Hill, Downtown San Diego
Asset
22-story tower · 220 Class A units · ~122k SF
Status
Interior finishing · MEP rough-in largely completed
Partner
Developer: Greystar
Investment Rationale

Prime downtown location with institutional-quality multifamily exposure.

03
Conversion
Office-to-Hotel Conversion · Washington, DC

601 Indiana — Penn Quarter

$52.9M
Total Cap.
Location
601 Indiana Ave NW, Penn Quarter, Washington DC
Asset
10-story office building · 56k SF rentable · 122 keys
Status
Design, permitting & capex underway · Opens Q3 2027
Investment Rationale

Below-replacement-cost acquisition with conversion-driven value creation.

Execution Strategy

Value is created by navigating complexity with disciplined execution.

Three principles guide where capital is deployed and how value is created — from redevelopment to brand partnerships to active delivery.

01

Complexity-Driven Opportunities

Targeting opportunities where redevelopment, conversion, entitlement strategy, tax structuring, branding, or operating improvements can materially enhance long-term value.

02

Brand & Operating Partnerships

Working alongside experienced operators, developers, and globally recognized hospitality brands to strengthen execution and market positioning.

03

Execution-Led Upside

Active execution across design, branding, and project delivery — including hotel redevelopment, office-to-hotel conversion, multifamily development, and tax-abatement-driven residential upside.

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Three sleeves. One platform.