Private Equity Real Estate Investment Leverages Retail Sector Expertise to Expand Footprint, Create Wealth for Investors
SAN JOSE, Calif. — DJM Capital Partners, Inc., a private equity real estate and development firm, today announced that the company has closed its initial round of funding for its $200 million Single Tenant Net Lease Fund. Seasoned retail real estate veteran Robert (Bob) Brown joined the company last year as Senior Vice President/ Acquisitions to build DJM’s new NNN practice, and has led the charge on raising the fund.
“We’ve been able to swiftly raise capital for this fund, as investors clearly see the opportunity in the Triple-Net sector and – more importantly – because it’s a natural fit for our expertise,” says Brown. “The DJM Capital team is uniquely positioned to manage, course-correct, and value-enhance single tenant net lease assets, leveraging our proven success in financial engineering and redevelopment of larger, multi-tenant properties.”
DJM Capital Partners’ Single Tenant Net Lease Fund is focused on acquiring multiple-property portfolios with added value potential in premier, high-barrier-to-entry locations nationwide, with a primary focus on the West Coast, Texas, the Sunbelt and New England. Brown anticipates that capital deployment will be accomplished within the next 12 months, as DJM Capital has the experience, ability and capacity to identify and close on assets expediently.
“Bob Brown is exceptionally adept at understanding shifts in consumer shopping patterns and applying that analysis to discern and forecast market growth opportunities,” says D. John Miller, Founder and CEO, DJM Capital Partners. “In addition, Bob’s ability to navigate what can sometimes be a fractured and challenging owner pool – the reason many other funds avoid this sector – will position us for successful acquisitions.”
DJM Capital Partners has set itself apart in the commercial retail real estate investment space by finding creative solutions to complex situations involving underperforming or improperly capitalized assets. The firm believes that this skill set is especially critical in the NNN space, where DJM will unearth opportunities other firms miss and use their expertise to enhance and add value, thus moving assets from value-add to core or core-plus holdings.
“DJM’s Single Tenant Net Lease Fund expands opportunities for DJM’s private equity investors as well as institutional and other fund investors who now can diversify their portfolios from ground-up and redeveloped retail center properties to include Single Tenant Net Lease Retail with strong, existing credit tenants,” says Miller. “Further, it’s a natural evolution of DJM’s growth, as we engineer new and innovative ways to leverage our existing team’s refined process and expertise and apply it to these new opportunities.”
About DJM Capital Partners
DJM Capital Partners, Inc. is a private real estate equity and development firm based in San Jose, California. With a core strength in retail combined with expertise in office and residential asset classes, DJM’s market knowledge and strategic acquisition of undervalued assets is represented by a current portfolio of approximately three million square feet with an estimated total portfolio value of $1 billion. www.djmcapital.com.