Institutional real estate investment & brokerage

Capital thatthinks ingenerations.

MS Realty & Brokerage invests in and transacts real estate on behalf of large institutions.

The platform Institutional inquiries
  • Built for
  • Pension funds
  • Sovereign wealth funds
  • Endowments & foundations
  • Insurance companies

The platform at a glance

2
Disciplines
Investment and brokerage
5
Investment strategies
From core to credit
8
Property sectors
Across an institutional allocation
1
Underwriting standard
Applied to every mandate

Our position

A mandate from an institution is measured in decades. We organize the firm around that horizon: how we underwrite, how we govern, and how we report.

About the firm

I.

Investment Management

Deploying institutional capital across the real estate risk spectrum through separate accounts, commingled vehicles, joint ventures and co-investment.

The platform II.

Brokerage & Capital Markets

Advising owners, lenders and investors on the sale, financing and leasing of institutional-grade real estate.

The practice

Investment strategies

The full risk spectrum, under one standard.

i.

Core

Income

Stabilized, well-located assets held for durable income and long-term preservation of capital.

ii.

Core-Plus

Income & growth

High-quality assets with a measured operational or leasing opportunity to strengthen the income profile.

iii.

Value-Add

Growth

Repositioning, re-leasing and capital improvement programs, underwritten to institutional standards.

iv.

Opportunistic

Capital appreciation

Development, recapitalization and complex situations where certainty of execution commands a premium.

v.

Real Estate Credit

Contractual yield

Senior and structured positions secured by institutional real estate, with collateral-first underwriting.

The life of a mandate

Six stages. One line of accountability.

  1. No. 1

    Mandate

    Objectives, risk tolerance, return targets and constraints are set with the institution and written into the mandate.

  2. No. 2

    Origination

    Opportunities are sourced through direct relationships and the market view of the brokerage practice.

  3. No. 3

    Underwriting

    Each position is tested at the asset, market and capital structure level, including the case in which it goes wrong.

  4. No. 4

    Decision

    A documented thesis goes forward for approval, and the decision and its reasoning are put on record.

  5. No. 5

    Asset Management

    Business plans are owned and measured against underwriting from the first day of ownership.

  6. No. 6

    Reporting & Realization

    Performance, valuation and risk are reported on the calendar agreed in the mandate, through to exit and final distribution.

Institutional inquiries

Begin a confidential conversation.

Contact the firm