Dekel Strategic Investors

About DSI

Dekel Strategic Investors, a division of Dekel Capital, seeks to invest JV-Equity with developers focused on development of multifamily & senior housing properties, located throughout the United States.

Case studies

DSI partnered with the Developer on this project by providing the LP equity to help build a Class-A Multifamily development in Portland, OR. After construction was complete, the building was fully leased up and sold to an Institutional Investor for a Net Return to Investors of 20%.
Sector Ground-up Multifamily
Number of units 149 units
Investment Type JV Equity
Term (months) 30 Months
Forecast IRR and Multiple
(net to investors)
IRR of 17.9%
Multiple of 1.5x
Projected IRR and Multiple
(net to investors)
IRR of 20.00%
Multiple of 1.66x
This was the second project on DSI’s Senior Living platform, whereby DSI provided $9.1M in LP capital to develop a Class A assisted living development in Tucson, AZ. Construction on the project was complete in December 2017 and rents were stabilized in May 2019. DSI is in discussion with multiple parties interested in purchasing the property, marking a clear exit for investors.
Sector Ground up Senior Housing (Assisted Living & Memory Care)
Number of units 106 Units: 86 Assisted Living & 20 Memory Care (122 beds)
Investment Type JV Equity
Term (months) 36 Months
Forecast IRR and Multiple
(net to investors)
IRR of 17.7%
Multiple of 1.60x
Projected IRR and Multiple
(net to investors)
IRR of 28.24%
Multiple of 1.90x
DSI partnered with the Sponsor to acquire and renovate Adagio Apartments, a 208-unit garden style Multifamily property located in Phoenix, AZ. This project presented investors with the unique opportunity to acquire and reposition an existing multifamily property in Phoenix, AZ. Due to the increase demand for rental product in the area, the building sold sooner than expected, at a higher sale price than originally forecast, yielding a net IRR to LP investors of 22%.
Sector Value-Add Multifamily
Number of units 208 units
Investment Type JV Equity
Term (months) 36 Months, renovation to be complete in 24 months
Forecast IRR and Multiple
(net to investors)
IRR of 17.40%
Multiple of 1.57x
Projected IRR and Multiple
(net to investors)
IRR of 22.00%
Multiple of 1.37x

Experience

Our principals, along with our capital partners, have been involved in real estate for over 20 years. Together we have provided more than $165 million in mezzanine and equity capital, funding projects with an underlying value in excess of $1 billion.

SPONSOR-DRIVEN JV-EQUITY FOR DEVELOPING AND REPOSITIONING REAL ESTATE PROPERTIES

INVESTMENT AMOUNT

$5,000,000 TO $15,000,000+

TARGET MARKETS

Nationwide

Primary and secondary markets

Tertiary markets will be evaluated

EXIT STRATEGIES

Clear exit strategy within 3-4 years

Dispositions, Refinancing

JV PARTNERS

Local area expertise

Direct development experience

Product-type focused

Institutional experience preferred

PRODUCT TYPES

Multifamily

Senior Living

JOINT VENTURE PARAMETERS

Generally 85/15 co-invest structure, open to alternatives as well

Core-Plus, Value-Add or Ground-Up Development

Will consider offering credit enhancement for the debt

RETURN TARGETS

Based on risk profile of the deal and positioning in the capital stack

Preferred Return and Waterfalls

Equity Multiple-Driven

In select cases, capital can be structured as preferred equity, mezzanine, as well as, GP equity.

Contact us for a confidential discussion on your prospective project.