Buchanan Street Partners is a real estate investment management firm that invests debt and equity capital throughout the United States on behalf of institutional and private investors. Buchanan Street Partners is a subsidiary of The TCW Group, Inc., an international asset management company.
Investment Strategy
Buchanan Street Partners strategy is to invest in a broad range of privately negotiated, real estate related debt and equity investments in primarily value-added assets, while maintaining flexibility to invest throughout the capital structure based on risk-adjusted return opportunities and changing market conditions. Debt and equity investments may include first or participating mortgages, mezzanine debt, B-notes, preferred equity and joint venture equity with the goal of developing a prudently diversified portfolio. Investments are made primarily in office, industrial, retail and multi-family properties on a nationwide basis and we are focused on assets valued between $25 and $100 million, where ownership is fragmented and where market inefficiencies are present.
As the foundation for this strategy, Buchanan has assembled a top level team of experienced investment professionals who have an extensive reach for acquisitions through its multiple distribution channels including real estate owners, lenders and financial intermediaries who are the key to accessing investment opportunities. The final selection of investments is supported by a rigorous underwriting and comprehensive due diligence process and collaborative decision making by Buchanan’s investment professionals.
Investment Criteria
The experts at Buchanan Street Partners employ a thorough yet efficient process to evaluate and close investments in a timeframe that meets the objectives of sellers, partners and lenders. Our streamlined organization and nimble structure enables us to consistently deliver certainty of close.
Acquisitions – Investments range between $15 and $100 million in the western U.S. for office, industrial and flex properties. Hands-on leasing, asset and tenant improvements and value enhancement is our focus.
Joint Venture Equity – Investments range between $25 and $100 million in target metropolitan markets. We seek to invest with quality partners who are experts in their field and respective markets who desire to work together to execute a value enhancement plan for office, multi-family, industrial and retail properties.
Mezzanine Debt – We target transitional and stable assets in nationwide MSA’s for office, multifamily, industrial and retail assets with a loan size of $10-$35 million, up to 85% LTV, Non-recourse.
Participating Debt - We target transitional assets in nationwide MSA’s for office, multifamily, industrial and retail assets with a loan size of $20-$100 million, up to 85% LTV, Non-recourse.
First Mortgages - We target transitional and stable assets in nationwide MSA’s for office, multifamily, industrial and retail assets with a loan size of $20-$100 million, up to 75% LTV, Non-recourse.