DSI - Dekel Capital, Inc.

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.

Sector Ground up Multifamily

Number of units 149 units

Investment Type JV Equity

Term (months) 30 Months

SAGE DESERT
Tucson, AZ

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 property in Tucson, AZ. Construction on the project was complete in December 2017 and property was 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

ADAGIO
Phoenix, AZ

DSI partnered with the Sponsor to acquire and renovate Adagio Apartments, a 208-unit garden style multifamily property. This project presented investors with the unique opportunity to acquire and reposition an existing multifamily property in Phoenix, AZ. Due to the increased demand for rental product in the area, the building sold sooner than expected at a higher sale price than originally forecast.

Sector Value-Add Multifamily

Number of units 208 units

Investment Type JV Equity

Term (months) 36 Months, renovation to be complete in 24 months

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.

Dekel Strategic Investors

About DSI

Case studies

Experience