Imprint

Investment Strategy

Fundamental Value Approach

Robeson focuses on investing in properties that offer intrinsic long-term value. This involves acquiring assets at discounted values relative to replacement cost, stabilized cash flow and comparable market sales, as well as avoiding opportunities where key value drivers are not real estate based. Robeson underwrites investments on an unleveraged basis and then customizes capital structures to optimize risk adjusted returns. Robeson believes that its focus on value-oriented investing provides downside protection.

Geographical, Property Type and Capital Structure Diversification

The flexibility to invest across markets, property types and capital structures is central to Robeson’s investment strategy. This allows Robeson to maximize risk-adjusted returns at the portfolio level both by assembling a more diversified group of investments, as well as by proactively targeting specific investment types given current market conditions.

Investment Principles:

Robeson targets the following broad categories of real estate investments: (i) value creation opportunities, (ii) complex situations and (iii) distressed/restructuring opportunities.

  • Value creation opportunities. These opportunities may include situations in which an investment’s basis compares favorably to its intrinsic value and a repositioning is required, or there is the potential for near-term improvement in cash flow through active asset management.
  • Complex situations. Complex situations are difficult to categorize or anticipate, but typically involve multiple disciplines of real estate investing and therefore are difficult for many real estate investors to evaluate. Given their unique nature, these opportunities can offer attractive risk-adjusted returns due to inefficient pricing.
  • Distressed/restructuring opportunities. These opportunities can be situation-specific, derived from the liquidity requirements or capital structure issues of individual owners or properties; or systemic, resulting from a broad financial system dysfunction.