are characterized by a conservative risk/return profile, a higher share of expected total return derived from income or yield
with a modest expectation for value appreciation, and defensive attributes which protect investors from significant losses during market downturns.

Development risk is primarily borne by the developer in the form of completion guarantees and cost over-run guarantees. If applicable, leasing risk may be mitigated with significant pre-leasing to credit quality tenants on long-term leases. Build-to-core investments have a higher risk/return profile to core/core-plus investments, but can provide investors a path to ownership of the newest, highest-quality assets at a discount to comparable quality stabilized assets, due to the provision of development capital with a structure designed to achieve outright ownership of an a asset upon completion and/or stabilization.

Value-add investments are characterized by a higher risk/return profile than core/core-plus investments and typically provide some in-place income at the time of acquisition with significant upside potential in the form of increased income and value appreciation once the value-add strategy has been executed.

These investments may be executed by origination of a joint venture partnership with real estate operators that have unique experience or expertise in the particular area of focus, in which case CSCM provides ongoing management and oversight of the partnership and/or partner in a fiduciary capacity to its client. In many cases these investments generate minimal current cash flow at the outset, with the majority of the return generated in the form of future rental income or capital appreciation realized through the sale or refinancing of the asset(s).

Investment strategies are tailored to each client’s specific geographic and sector preferences, target returns, and risk tolerances. Separate accounts also provide a high level of transparency through frequent, direct communication and customized reporting.

CSCM serves as more than just a provider of pipeline opportunities, adding value to the investment process by assisting in the negotiation of structure and terms, applying disciplined management and oversight, ensuring institutional quality communication and reporting, and representing its client’s interest in a fiduciary capacity.

CSCM plays a pivotal role by providing full pre-investment due diligence on investment structure, assets, financial condition, and management. CSCM then works directly with company management to provide guidance and input on strategic direction and operational oversight. Platform investments create the opportunity for investors to realize significant franchise value and/or portfolio premium in excess of real estate value, and typically at a lower overall fee structure than available in traditional investing formats.

We are confident in our ability to find the optimal structure for even the most complex opportunities.