Alexander Property Holdings investment objective is to achieve superior risk adjusted returns through opportunistic real estate investments.
• Identification and creation of opportunities
• Minimization of risk through diversification and careful investment structuring
• Balancing current return and capital appreciation
• Intermediate Term three to eight year holding periods, with average holds ranging from 5 to 10 years
• Clearly defined exit strategies for each investment with flexibility to adjust to changing market conditions
Capitalize on Market Dynamics and Inefficiencies – APH constantly monitors the real estate markets, identifying themes by asset class or geography. By focusing on these themes, APH has been able to invest ahead of trends.
Favorable Current Cash Returns – APH targets investments in assets that provide its investors with stable, favorable current cash returns.
Create or Exploit a Competitive Advantage – APH’s reputation, built over many years, combined with its extensive network of relationships, provides APH with proprietary transaction opportunities and a competitive advantage in many situations.
Conservative Underwriting – APH pursues a disciplined investment approach identifying attractive opportunities with significant upside potential and controllable downside protection. APH utilizes rigorous due diligence, conservative assumptions and careful assessment of downside scenarios before acquiring a property.
Prudent Use of Leverage – APH aggressively manages the capital structure of its investments utilizing prudent leverage, obtaining financing on the best terms available in the market in order to provide transactions with increased downside protection.
Investment Focus – Due to its reputation and network of relationships, APH is presented with opportunities each year. However, it focuses only on deals that fit its investment parameters.
Exit Strategies – APH only commits to investments that offer multiple clear and realistic exit strategies (e.g., through refinancings or sales to private investors, institutions or public REITs). APH believes that a disciplined approach at the time of investment enables it to better assess exit alternatives as they arise, particularly in changing markets.