INVESTMENT PLATFORMS

CYCLE TESTED. MARKET KNOWLEDGE. REMAIN FOCUSED.

Menlo Equities has managed $7.0 billion of assets since inception. Investing in commercial real estate is a cyclical business. Our goal is to create value and generate superior, risk-adjusted returns for our partners through our three investment platforms: core-plus, value-add, and development.

Regardless of where we are in the cycle, or through which platform we deploy capital, our investment focus remains consistent: we invest in high quality commercial real estate with a focus on office, R&D, data center, life science and industrial assets in the most robust technology-driven markets, which we believe have proven themselves to outperform on a comparable basis.

CORE-PLUS

Seeks to deliver a low-risk, stable cash flow yield, with the potential for appreciation by investing in high-quality properties leased long-term to creditworthy tenants.

  • Well-located, income-generating real estate
    likely to stay leased throughout an
    economic cycle
  • Class-A improvements
  • Target leverage: Up to 50% LTV

CASE STUDY

6433 Champion Grandview Way, Austin, TX

Property is 100% leased with credit tenancy providing stable, reliable cash flow

CASE STUDY

2411 WEST OLIVE AVENUE, BURBANK, CA

The property is 100% leased to affiliates of the Walt Disney Company

VALUE-ADD

Our value-add strategy seeks to create value through numerous avenues, including repositioning of properties, capital enhancements, releasing or re-tenanting and proactive asset and property management.

  • Vacant or partially leased buildings at below market rents
  • Existing improvements may be dated or obsolete
  • Acquisition price typically below replacement cost
  • Opportunistic investments that could include distressed assets, foreclosures, or debt positions
  • Target leverage: 50%-65% LTV

CASE STUDY

2520 Junction Avenue, San Jose, CA

Successful execution of business plan that involved interior and exterior capital improvements

CASE STUDY

18300 REDMOND WAY, REDMOND, WA

Menlo increased occupancy from 11% at acquisition to 92% at sale at rents exceeding original underwriting

DEVELOPMENT

Our development strategy includes entitlement, re-entitlement, ground-up development, and redevelopment from concept through site acquisition, construction, lease up and exit.

  • Speculative and pre-leased development
  • Vertically integrated platform drives entire development process and our ability to adapt to through market cycles
  • Focus on in-fill locations

CASE STUDY

16350 WEST BERNARDO DRIVE, SAN DIEGO, CA

Menlo developed and leased a four-building, 325,000 square foot office technlology campus, in the heart of the Rancho Bernardo submarket

CASE STUDY

3333 Scott Boulevard, Santa Clara, CA

Menlo developed an eight-building corporate campus of approximately 1.6 million square feet that was leased to multiple creditworthy tenants