ESI continues to pursue direct investment opportunities, with a focus on acquiring, developing, and/or improving properties for successful operation and eventual sale or hold. ESI targets value creation through leasing, capital or tenant improvements, redevelopment, adaptive re-use, or curing distress.
Projects with the following high-level attributes
are generally of interest:
Multifamily, hospitality, and office;
Opportunistic or value-add;
Texas and West;
Off-market and/or not subject to competitive bidding.
Co-GP/ Incubator
ESI’s Co-GP / Incubator Platform exists at the intersection of venture capital and traditional, asset-driven real estate private equity.
ESI is actively seeking emerging sponsorship groups who have the following characteristics:
Demonstrable institutional CRE experience;
Early-to-beginning phases of proprietary investing;
Ability to fund at least 20% of the GP portion of the capital stack;
Desire for programmatic relationship.
In this role, ESI is acting as an accretive resource and addition to the lead sponsorship’s team. Providing support and guidance through:
Balance sheet and credit support for satisfaction of net worth and liquidity covenants;
Institutionally vetted resume;
Contribution of LP investor network;
Expertise in capital markets, development, and construction.