At Button Capital, we have the expertise and strong track record to invest across the real estate capital structures, from straight equity to mezzanine debt. As a real estate investment manager, our main strategy is to partner up with the best in class operating partners in their respective local markets for the asset class, create the best possible alignment of interest to incentivise our partners to deliver the best investment returns for our investors over time.
Button Capital has a strong track record of performance in its investments. We attribute our success to strong fundamentals and disciplined approach in:
Market Intelligence - determining markets of opportunity
Asset evaluation and selection
Optimisation of financing and structure – alignment of financial interests and incentives
Asset optimisation and management – much of the time in partnership with best in class operating partners in their respective markets
Strategic exit/hold evaluation
US MULTIFAMILY VALUE ADD
Strong yet underserved markets
Well occupied properties
6+ % going in cap rates
Rental upside created through focused management and renovations
3-5 year investment horizon
US CORE PLUS MULTIFAMILY
Mature markets
Well occupied properties
4-5%+ going in cap rates
Stable cashflow
7-10 year holding period
PREFERRED EQUITY / MEZZANINE
Maximum 85% LTV
12-15% IRR with 7-8% current pay
Secured by equity interest or second lien to the property
Positioned to take over and execute business plan in a default/foreclosure
2-5 year investment horizon
MASTER LEASE PROJECTS
Urban locations in first tier cities (Beijing, Shanghai, Shenzhen, Guangzhou)
Underutilized properties that require renovation
Minimum 20 years long term leases
Target 100% return of investment capital in less than 5 years
Typically unlevered