Situation
Understand what creates the opportunity. A financing deadline, ownership transition or operating challenge can require a solution specific to the property and its owner.
Investment philosophy
Our investment approach
We look for quality real estate where complexity, a capital need or an operating opportunity creates a reason to take a closer look.
Basis
Begin with what we pay. Evaluate acquisition basis against cash flow, replacement cost and the capital required to execute a realistic business plan.
TriGate Value Add
Bring complex structuring, workout experience and an owner-operator perspective to the same table. Connect the capital solution with the work at the property.
Cradle to Grave
One integrated team follows an investment from sourcing and underwriting through asset management and disposition. The people making the investment remain involved in its execution.
Alignment
Principals and key employees invest personal capital alongside our limited partners, connecting investment decisions with shared outcomes.
A flexible approach
Four routes to an opportunity.
Direct acquisitions
Acquire an asset where our view of basis and the property business plan creates conviction.
Recapitalizations
Work with existing owners to address a capital need or partnership transition.
Loan purchases
Evaluate the real estate and the rights within its financing structure.
Platform investments
Partner with operating businesses and provide capital for property-level opportunities.
Investment discipline
We begin with the downside: the durability of cash flow, the basis in the real estate, the financing structure and the capital still required. We test how a plan holds up if leasing slows, costs rise or the timing changes. Conservative leverage and realistic assumptions help establish the room to act.
From that foundation, we identify the work that can create value. Complex structuring and workout experience help resolve the situation; our owner-operator approach connects that solution to leasing, capital improvements and day-to-day execution. Each investment must make sense at both the capital and property levels.
See the approach in practiceOur geographic focus
Where we invest
TriGate invests across the United States, with a focus on growth markets, including the Sunbelt. Target markets are a starting point; each opportunity is evaluated on its own merits. Historical investments have also included office and hospitality assets. Our primary sector focus remains retail, residential and industrial.
- Target states
- Target markets
- TriGate investment locations
- CaliforniaSouthern California
- ArizonaPhoenix
- ColoradoDenver
- TexasDallas–Fort Worth, Austin, San Antonio, Houston
- TennesseeNashville
- GeorgiaAtlanta
- North CarolinaCharlotte, Raleigh
- FloridaJacksonville, Orlando, Tampa, South Florida