Investment Strategies

ERI's value-driven investment strategies provide liquidity solutions to private equity real estate owners and institutions. Specializing in broken ownership structures, ERI is focused on five investment areas:

Affordable Housing/LIHTC

ERI has more than 30 years of experience valuing, transacting in, and partnering with managers of affordable assets in heavily government-regulated environments. Typically ERI acquires a non-controlling interest while bringing sophisticated knowledge and unrivaled business contacts to prospective and repeat partners. Investments include sponsor level capital, limited partnership interests, general partnership interests, property level capital.

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Syndicated Tenant-In-Common (TIC) Investments

ERI has focused on positioning itself as one of a select group of investors with the expertise and capacity to invest in TIC-owned real estate. ERI identifies strong operators, helps them aggregate within their asset class and facilitates workout situations where appropriate. Investments include sponsor level capital and property level capital. 

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Sponsor Equity/Co-Investment

ERI invests alongside sponsors, or their affiliated investment funds, often leveraging off of lower cost capital from institutional and retail LPs by participating in the sponsor's promoted interest. ERI typically has investment-by-investment discretion.

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Special Situations

ERI evaluates opportunities created by unique properties and unusual market conditions with the goal of achieving superior risk-adjusted returns. Investments include joint venture equity, discounted note purchases, strategic platform investments, general partner equity.

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Secondary Market Acquisitions

Since 1981, ERI has purchased interests in indirect and illiquid ownership structures from partners seeking liquidity before the sale or refinancing of the underlying real estate. ERI provides investors with an option to divest interests for which there is no formalized secondary market. Investments include limited partnership and general partnership interests.

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