Persis Co-Investment Program
Co-Investment is the opportunity for interested parties to invest with Persis in select, institutional quality commercial real estate investments throughout the United States.
In its role as the managing member of co-investments, Persis identifies investment opportunities, performs market research and due diligence services, secures financing, and oversees all closing activities related to transactions.
Following acquisition, Persis will asset manage investments, continually monitoring capital markets, evaluating exit opportunities, and executing upon disposition strategies.
Benefits of Co-Investment
Deal Flow: Direct deal flow from developers provides co-investors with access to quality assets at non-frictional prices. Persis actively pursues acquisitions of developer build-to-suit and spec developements programs at no frictional cost to developers.
Expertise/Experience: Persis is actively engaged in acquisitions and dispositions on a daily basis. This high level of activity benefits its negotiations with developers and lenders and creates responsive vendors. Cost efficiencies are also able to be realized in all phases and aspects of transactions.
Time and Energy: Persis invests the time and energy necessary to identify opportunities and to convert opportunities to succesful transactions.
Managing Member Capital: Persis invests its own equity in each transaction with its co-investors.
Access to Capital: Persis sources debt directly from life insurance companies, pensions, and CMBS originators. PAA provides the volume necessary to gain lenders’ attention, tight pricing and responsive deal/closing teams and does so at no frictional cost to the lender.
Experience
Persis Directors have been acquiring institutional quality real estate on behalf of their clients since 1997.
Persis acquisition, disposition, leasing, and recapitalization activity has totaled over 6.5 million square feet.
Persis has completed over $500 million in property acquisitions and dispositions.
Persis is the asset manager for over 2.0 million square feet of commercial property.
Investment Criteria
Persis seeks out institutional quality real estate investments.
Typical investment criteria:
- Transaction size between $5 and $50 million
- Location within a primary or secondary U.S. metropolitan area
- Strategic market location (within metro area)
- Improving rent and occupancy trends within market
- Modern and functional design of improvements
- Credit worthy tenants
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