ABOUT BLACK SALMON
Through our strategic partner Black Salmon, our group transforms commercial real estate assets into profitable, risk-adjusted returns for a select group of investors. Black Salmon focuses on analyzing opportunities within the office, industrial, hospitality and senior housing markets. Through its innovative platform, the firm offers a unique, transparent and simple approach.
STRATEGY
Black Salmon identifies which markets and submarkets are fueled by leading trends. Technology, as an agent of change in real estate and an engine of growth for the US economy, is the megatrend that steers Black Salmon’s business strategy.
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Black Salmon has identified markets and submarkets fueled by leading trends. The group seeks out and studies opportunities in areas where population and economic growth are strongly supported by proximity to major metropolitan areas and the presence of top tier educational institutions.

PRODUCT RANGE
Income

Black Salmon seeks to acquire stabilized, investment grade assets that are cash flow positive from day one. Our team focuses on assets of similar profile and low risk that through the implementation of small improvements will develop to their full potential and become "core" assets. Through core-plus investments, Black Salmon generates stable and growing distributions for its investors.

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RISK

LOW

DIVIDEND YIELD

MEDIUM-HIGH

ANNUAL IRR

MEDIUM

LEVERAGE

HOLD PERIOD

3–7 YEARS

Hospitality
Industrial
Office
Senior Housing
Growth and income

Black Salmon invests in project development opportunities in target sectors. Through this strategy, the investor gets involved in the entire real estate cycle, from conceptualization, to asset development and stabilization. Black Salmon’s goal is to make the asset an income distribution product with the advantage of having completed the full cycle, which will provide a greater return on investment in the long term.

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RISK

MEDIUM - HIGH

DIVIDEND YIELD

LOW-MEDIUM

ANNUAL IRR

MEDIUM - HIGH

LEVERAGE

HOLD PERIOD

5–7 YEARS

Development and asset stabilization
Growth

Through this category, Black Salmon invests in strategically located areas with high growth potential. The group acquires and assembles land while working on a whole process of obtaining permits, structuring of the potential development and recapitalization with the final goal of creating value to the acquired lands.

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RISK

MEDIUM

DIVIDEND YIELD

NONE

ANNUAL IRR

HIGH

LEVERAGE

HOLD PERIOD

1–5 YEARS

Land Banking