Focused Investment Philosophy

Belay has a collaborative culture with a fiduciary mindset and conviction that if our joint venture operating partners do well, our investors benefit through the strong performance of our funds.

 

A thoughtful strategy

Belay’s investment strategy seeks to capitalize on opportunities in specific markets, sub-markets and property types positioned to benefit from long term demographic and economic trends expected to have the greatest impact on long-term tenant demand.

Belay’s investment strategy applies a thesis-driven approach to market/sub-market, property type and operating partner selection, all of which are of paramount importance to achieving investment success. Underpinning our core investment thesis are four key long-term U.S. economic and demographic trends, including (i) new engines of economic growth including intellectual capital/technology, energy and education (ICEE) as the U.S. economy relies heavily on growth in science, technology, engineering and math (STEM) fields; (ii) growing presence of millennials in the workforce and their live/work preferences; (iii) aging population; and (iv) increased cultural diversity across the demographic spectrum.

Belay will seek to forge long term, exclusive relationships with operating partners who are active in markets that are poised for positive rent growth. Target cities will typically be defined by positive population and job growth as a result of (i) a highly educated workforce, in close proximity to major universities and predominantly in urban, or close-in, transit oriented suburban markets, attractive to companies seeking access to high caliber workforce; and (ii) amenities and infrastructure supporting live/work trends such as workers’ desires for convenient transportation and collaborative work environments.

Investment approach

Belay has developed an investment thesis that looks for the best value-added real estate investment opportunities and strategies in the most compelling U.S. markets with sustainable fundamentals, and forms partnerships with strong, locally entrenched operating partners to execute those strategies. Belay deploys capital primarily through non-discretionary programmatic joint venture structures, designed to capture the investment capacity of our partners, including deal flow and partner resources. This approach allows for greater control of investor capital and risk mitigation as well as improves transparency into the operating platforms of its partners — characteristics not typically available in one-off joint ventures or commingled funds.

Maintaining an optimal balance between active control and oversight, while also fostering operating flexibility for our partners to execute their value-enhancing strategies, is a key tenet of Belay’s partnerships. Through strong alliances, Belay’s investors gain access to compelling investments, as well as the operational talent and cultural diversity of these firms.

A focused investment philosophy

Belay has a collaborative culture with a fiduciary mindset and conviction that if our joint venture operating partners do well, our investors benefit through the strong performance of our funds. To ensure success, the Belay investment team subscribes to cradle-to-grave accountability and stays closely involved with the activities of our partners, retaining investment discretion and active involvement in asset management to ensure successful execution of value-added business plans for every asset acquired.