13th Floor has historically invested in single property transactions, but has the capability to invest in multiple property portfolios and real estate-related operating companies. The firm acquires and operates properties for its own account and actively invests in transactions with joint venture operating partners and third party borrowers.
Residential and all major commercial real estate asset classes located throughout the state of Florida are eligible for investment consideration including office, warehouse/industrial, retail, apartments, hotel/resort, land, for-sale residential, and mixed-use properties.
The common themes that underscore 13th Floor’s value-oriented investment strategy are illustrated below:
Structured finance applications
Rapid funding requirements
Temporary market dislocations
Complex tax, ownership or capital structures
Below market rents
Bloated operating expenses
Compelling Event-Driven Strategies
Conversion, adaptive reuse
Workout scenarios including bankruptcy, foreclosure or recapitalization