Benchmark beating returns across market cycles
Start of investment in recovering northeast markets, focusing on office properties with increasing tenant demand and below replacement cost pricing.
Sale of Northeast investments at the height of the region’s economic and real estate cycle.
Start of investment in Texas’ severely depressed energy-based economy, burdened with over-supply of office real estate.
Start of investment in Mexico after the passage of NAFTA, as one of the first North American developers to enter the country.
Sale of Texas investments at the height of the region’s boom.
Sale of Mexico investments to U.S. institutions at significantly compressed capitalization rates.
Start of multifamily investment fund, Cambridge I, with a focus on value-add and ground-up development.
Sale of Cambridge I, returning an 18.4% gross IRR. Cambridge II raised.
Cambridge II equity fully invested, Cambridge III raised.
Sale of last Cambridge II properties, returning an 18.6% gross IRR.
Cambridge III equity fully invested. Cambridge IV raised.