Margin of safety
Underwrite conservative rents and exit cap rates above prevailing market.
Sourcing. Stewardship. Alignment.
We match sourcing channel with execution advantage, underwrite to a basis that holds in adverse scenarios, and invest personal capital alongside our partners in every deal.
Sourcing
Three proprietary sourcing channels, one underwriting standard.
Channel selection follows execution advantage. Direct ownership where vertical integration creates durable advantage, partnership where local operating expertise drives returns, platform investment where the operating company itself is the asset.
01
Direct Acquisitions
MCP-sourced and MCP-operated assets across high-conviction sectors. Sourcing, underwriting, and asset management held in-house.
02
Co-GP Partnerships
Joint ventures with leading operators in niche and institutional sectors. Capital partner discipline matched with operating expertise.
03
Platform Company Investments
Equity in niche operating companies and the real estate they operate. OpCo for execution certainty on the business plan; PropCo for asset governance.
Stewardship
Risk-reward framework.
We mitigate downside risk while retaining multiple pathways to upside — essential to executing through capital-markets cycles.
Optionality
Multiple credible exit paths preserved at acquisition. Asymmetric upside designed into the business plan, downside protection built into the basis.
Basis-spread investing
Acquisition basis below replacement cost and prevailing market value.
Risk management
Unleveraged analysis as the foundation. Downside capital planning and alternative exit strategies stress-tested before commitment.
Alignment
Personal capital, every deal.
Management invests personal capital alongside our partners in every opportunity. Alignment shapes underwriting decisions — prioritizing portfolio risk, recurring cash flow, and long-term appreciation.