REDWOOD Real Estate Partners, LLC

Redwood acquires retail, office and flex / industrial real estate assets that offer promising risk / reward relationships. Since we are privately capitalized, we have the ability to take a long-term perspective with our investments.

Redwood is primarily interested in rapidly growing or supply-constrained western U.S. markets. Our preferred markets have growing population density, above-average job growth, attractive local demographics, improving absorption and retail locations with attractive traffic counts. The holding period for any individual asset is largely determined by our view of future supply and demand conditions in the asset’s local market and security of cashflow for the particular asset. Redwood pursues a broad range of projects and are prepared to follow a contrarian approach, centered around a strong emphasis on identifying possible risks to our invested capital.

Redwood is specifically interested in projects with the following characteristics:

Geographic Location

  • Select, western United States markets (west of Denver)
  • Supply-constrained markets, including southern California; San Francisco and the Bay area; Seattle and the greater Puget Sound area; Cherry Creek in Denver; Salt Lake City, Utah; and Scottsdale, Arizona
  • High-growth markets, including Denver, areas of Utah, eastern Washington, central California, Phoenix, Las Vegas and Albuquerque

Operational Opportunities

  • Improvement of operational efficiency and tenant credit
  • Leasing of vacant space to diversify tenant mix and improve rental income
  • Enhancement of asset value through property improvements (exterior signage, landscaping, etc.)
  • Conversion of gross leases to triple-net leases to reduce expense leakage and risk of expense growth
  • Repositioning of vacant or under-utilized space (e.g. flex to retail or flex to office)

Project Profiles

  • Single tenant properties with tenant credit that are well located in our targeted markets (core-plus)
  • Very well-located properties with below market rents (core-plus)
  • Properties with occupancy ranging from 70-90% (value-add)
  • Properties in significant disrepair (value-add)
  • Vacant properties with less than 70% occupancy (opportunistic)
  • Select development and land entitlement projects (opportunistic)

Exit Strategy

  • Holding period dependent upon location, tenant credit, lease rollover-risk and capital market conditions