Black Salmon 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. Together with the firm’s strong network of partners, Black Salmon has developed in-depth local knowledge of key real estate markets and how these markets interact with the different property sectors.
Through its Core Plus strategy, Black Salmon acquires stabilized, investment grade assets which are cash flow positive from day one. Core Plus allows a lower overall risk profile.
RISK
LOW
DIVIDEND YIELD
MEDIUM-HIGH
ANNUAL IRR
LOW-MEDIUM
LEVERAGE
HOLD PERIOD
5–7 YEARS
In the Value-Add strategy, Black Salmon acquires assets that are below average for a particular market. After physical renovations and improvements on a large scale, the assets are to be sold.
RISK
MEDIUM
DIVIDEND YIELD
LOW
ANNUAL IRR
MEDIUM-HIGH
LEVERAGE
HOLD PERIOD
2–6 YEARS
The Black Salmon Land Banking strategy seeks to invest in land with high growth potential. After the permitting and the structuring of future developments processes are completed, the lands are either to be sold, recapitalized, or developed.
RISK
LOW
DIVIDEND YIELD
NONE
ANNUAL IRR
HIGH
LEVERAGE
HOLD PERIOD
1–5 YEARS
Black Salmon’s Build to Rent strategy seeks for ground-up development opportunities to build and then rent, involving the entire real estate development cycle. Disposition occurs upon stabilization of the assets.
RISK
MEDIUM
DIVIDEND YIELD
MEDIUM
ANNUAL IRR
MEDIUM-HIGH
LEVERAGE
HOLD PERIOD
5–7 YEARS
The Black Salmon Opportunistic strategy targets sub-performing debt instruments, or undermanaged properties that are temporarily experiencing significant distress. The Opportunistic strategy usually offers the highest returns but bears the most risk.
RISK
HIGH
DIVIDEND YIELD
NONE
ANNUAL IRR
HIGH
LEVERAGE
HOLD PERIOD
5–7 YEARS