Dermot is a New York City-based real estate firm focused exclusively on developing, acquiring, and managing multifamily rental properties in Manhattan, Brooklyn, and Queens. Since its inception, Dermot has developed or acquired more than 50 properties with a gross value of $2.5B in partnership with leading US and European institutional investors. Forum participated in a recapitalization of the Company in 2015 associated with the buyout and retirement of its founding partner. As of March 31, 2019, Dermot managed 12 apartment buildings comprising 3,599 apartment units.
Workspace Property Trust is a fully-integrated real estate company focused on acquiring, owning, and operating high-quality office and flex real estate in prime locations within transit-centric, amenity-rich suburban submarkets. The Company was established in 2015 by a management team led by industry veteran Thomas Rizk and an investor group including Forum Partners. As of March 31, 2019, Workspace’s portfolio comprised 148 properties with 9.9 million square feet with an occupancy rate of 89%.
Asset Type: Programmatic Acquisition & Development Strategies
Prime Data Centers is a fully integrated US-based real estate management and development company with a focus on design, development, leasing, operations, financing, and acquisitions of data center real estate. A private firm managed by a team with over 15 years of experience in technology and private equity. Forum has partnered with Prime to acquire cash-flowing data centers with mid to long-term leases with value add through vacancy reduction, repositioning, and development. The Company is planning to focus on Tier 1 and Tier 2 North American markets, as well as edge markets with long-term leases.
TTL is a Munich-based real estate investment and asset management group focused on the German commercial real estate market and is publicly listed on the Frankfurt Stock Exchange [TTO.F]. TTL’s primary holdings include an interest in German Estate Group, a €3.2B AUM real estate investment venture between the DIC Group and KKR, and indirect ownership in DIC Asset AG, a €5.6B AUM publicly-listed real estate company focusing on the German office sector [DIC.F]. Forum has been associated with various constituent companies of the DIC Group, including TTL, for over a decade.
Gadsden Properties is a US based development and management company with a focus on retail and mixed-use real estate in secondary and tertiary cities. The Company derives value from smaller, flexible retail investments that range from $5 million to $50 million and off-market mixed-use properties ranging from $50 million to $250 million. As a result of this chosen strategy, Gadsden has developed a unique competitive advantage that generally allows them to invest in markets and assets that are often overlooked by larger institutional investors. The Company is headquartered in Scottsdale, Arizona, and is looking to expand in the Southwest including Texas and New Mexico.
Urban Retail Properties, LLC, is a privately held commercial real estate investment and operating company headquartered in Chicago, Illinois. Formed over 40 years ago, Urban Retail is a national leader in the third party management of retail properties, including regional malls, power centers, community centers and big box portfolios. Urban has five regional offices throughout the United States and has worked closely with more than 100 clients over the years, including pension funds, individual owners, insurance companies, special servicers,and institutional owners of mixed-use, retail and office asset classes. Urban currently manages 34 retail properties in 15 states, comprising of nearly 13 million square feet.
CP Holdings LLC is based in Dallas, Texas, and is an owner and/or operator of aged care facilities in the south central US. The Company’s management team has over 30 years of experience in the senior housing industry. Through its subsidiaries, CP provides services for assisted living and memory care in addition to ground up development projects. CP is expected to expand nationally with the increasing demand for senior housing.
Origination Date: May 2019 Asset Type: Debt Investment
Freshwater Asset Management has been established by Forum Partners in partnership with a major UK-based institutional investor to capitalize on opportunities arising out of dislocation in the Australian residential market. Freshwater is focused on purchasing, at a discount, quality residential units in the capital city markets of Sydney, Brisbane and Melbourne. The Company is partnering with dedicated residential leasing and sales personnel to execute on its business plan over the next three years, during which it expects a gradual recovery in property market conditions.