DV | Urban Realty Partners I LP - Crain's Chicago Business

Financial and Capital Markets Experience – The Principals have extensive real estate
and corporate transactional experience, including involvement in real estate capital
raising transactions totaling over $1.1 billion for public and private REITs and real estate
operating companies. The Partnership expects to draw on this experience in structuring
its investments. In addition, the General Partners believe that their combination of real
estate experience and capital markets expertise gives the Partnership the opportunity to
identify and exploit market inefficiencies arising from shifts in real estate fundamentals
and capital flows across asset types, geographies, transaction sizes and capital structures.
Rigorous Investment Process – The Partnership will employ a disciplined and rigorous
approach to all phases of the investment process. The General Partners will focus on
conservative underwriting and comprehensive due diligence. The consent of both
General Partners is required before the Partnership can commit to any real estate Project.
Post-acquisition, the Partnership will actively manage and monitor the investment while
evaluating possible exit alternatives.
Focus on Capital Preservation – A core component of the Partnership’s investment
philosophy will be a focus on capital preservation. Although real estate investment risk
can not be eliminated or directly hedged, the Partnership will place a special emphasis on
risk control in structuring its investments.
Management
The Principals, collectively, have extensive experience in (a) conceiving, promoting and
executing a variety of successful projects in emerging and transitional urban markets of
the type targeted by the Partnership, (b) structuring, negotiating and executing a wide
variety of real estate and corporate transactions, (c) real estate development, acquisition
and property management, (d) zoning and government approval processes and (e) real
estate finance and investment banking. The Partnership will have access to the
Principals’ network of corporate, neighborhood, financial and real estate contacts and
relationships to generate a proprietary flow of potential investment opportunities in its
target markets, as well as the Principals’ financial knowledge and capital markets
expertise in evaluating and structuring real estate-related transactions.
Over the past 7 years, Affiliates of the Managing Partner have invested in transactions
involving more than 15 real estate assets with an aggregate estimated total cost in excess
of $600 million in emerging and transitional neighborhoods in Chicago. The Principals
of the Managing Partner have committed over $15 million of equity capital to these
transactions and have been involved in the development of more than 2,000 units of
housing. The Principals have also been involved in real estate capital raising transactions
totaling over $1.1 billion for public and private real estate investment trusts and real
estate operating companies.
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