Westlake’s core portfolio is filled with properties of all asset classes and various sizes due to the portfolio being acquired decades ago. Over time, many of these assets have reached the end of their useful life and upgrading them to highest and best use has created institutionally sized deals. However, when we acquire new assets…
January 29, 2024 With NMHC in San Diego this week, we thought it would be fun to share some of the criteria we consider when evaluating multi-family markets and investments. We are very bullish on multifamily going into 2024. As investors (both on the GP and LP side), we have the following criteria: 1. Sponsor:…
I am often reminded that 90% of third generation family businesses fail. However, when we take a closer look, many of these common reasons for failure can be mitigated. Applying the discipline of a third generation family office to your individual investing is also a great way to avoid future pitfalls and set yourself up…
Being based in Silicon Valley, we have a number of investors who invest in early stage tech companies. I’m often asked to compare real estate and venture capital investment philosophies. The primary difference is we expect all of our investments to be successful (1.7x+ equity multiple), we don’t bank on one home run to carry…
