Argosy Real Estate Partners

INTERVIEW: Argosy Real Estate Partners co-CEOs David Butler and Andy Stewart discuss their investment philosophy and taking an institutional approach to investing in the lower middle market.

We are pleased to share that Argosy Real Estate Partners was recently featured in the February VIP Americas issue of Institutional Real Estate, Inc.'s Institutional Real Estate - Americas. The article, titled “An Institutional Approach to Investing in the Lower Middle Market”, provides a comprehensive look at Argosy’s investment philosophy, strategy, and competitive positioning through a Q&A interview with our Co-CEOs & Managing Partners, David Butler and Andy Stewart. Below are some key takeaways from the article: Established Reputation and Expertise in Lower Middle Market Investing: Argosy specializes in opportunistic, value-add and core plus real estate investments with a focus on niche strategies within the rental housing, industrial, lodging, retail, and other asset selected asset classes. Our equity and preferred equity investments typically range from $5 to $25 million, targeting opportunities where we believe market inefficiencies enable the potential for outsized returns. Diversified Allocator Fund Model: Our allocator fund model allows us to provide investors efficient access to a diversified portfolio of opportunities in the lower middle market. By leveraging our partnerships with experienced operators to mitigate risk and maintain flexibility in sector and geographic allocations, we aim to deliver superior results across all points of the market cycle. Dynamic Investment Strategy: Argosy has demonstrated the ability to tactically shift asset allocation and strategies in response to changing investment environments. We focus on the acquisition of transitional and distressed assets, development, adaptive reuse, preferred equity "rescue" capital, co-general partner investments, and select investments alongside our Argosy-Lionbridge (ALM) public securities platform. Additionally, we have historically been successful in identifying emerging institutional asset classes such as single-family build-to-rent development and industrial outdoor storage. Competitive Advantages: Our extensive network of experienced operating partners, deep market knowledge and proprietary deal flow position us to efficiently source many unique off-market opportunities. Additionally, our entrepreneurial, yet institutional approach emphasizes alignment with investors with Argosy affiliates being the largest individual investor in each of our opportunistic funds raised to date.  To view the full article to learn more about our perspectives on the evolving real estate market, you can find it here.

Argosy Real Estate Partners Releases Analysis of the Economic Impact of its Investments in Qualified Opportunity Zones   Argosy Real Estate Partners (“Argosy”) is pleased to release the results of its Opportunity Zone Economic Impact Analysis, completed in conjunction with The Concord Group, which highlights its contributions to local and regional economies through its investments in Qualified Opportunity Zones.   Over the past five years, in partnership with its joint venture partners, Argosy has developed 22 projects located in Opportunity Zones. These projects will provide 3,430 new housing units, 440 new hotel rooms, 316,431 square feet of new industrial space, and 50,246 square feet of new retail space, with a total project investment size of $1.4 billion.   Argosy’s Opportunity Zone program has played a meaningful role in catalyzing investment in underserved areas nationwide. By investing in these projects, Argosy’s goal is to have a positive and long-lasting impact on local economies while providing attractive returns to investors.   Key highlights of the Analysis include: ·      $2.6 billion total estimated economic impact ·      $1.1 billion in direct estimated economic impact from the development and operations of the projects ·      $148.9 million of estimated annual recurring economic output from the ongoing operations of the projects ·      1,193 estimated permanent jobs created ·      Approximately 10,000 temporary jobs created during the construction phases of the projects ·      Recurring annual local and state tax revenue totaling an estimated $1.3 billion over the next 30 years Argosy is proud to deliver high-quality real estate projects that foster economic vitality, serve diverse community needs, and create enduring value for local economies nationwide.   Methodology The economic impact figures presented in Argosy’s Opportunity Zone Economic Impact Analysis were compiled in partnership with The Concord Group, an economic advisory firm. All figures are estimates based on the analysis. The calculation of economic impact figures used the RIMS II1 multipliers to estimate the employment and economic output impacts of the projects by using the corresponding industry multiplier to calculate the direct, indirect, and induced effects of developing the projects. To see the full release, please click here: https://lnkd.in/gFQpeQJn

Argosy Real Estate Partners is pleased to announce the promotion of the following team members. Brett Gomes to Senior Vice President Genna Rillstone to Senior Vice President Yulia Bruckner to Senior Vice President Connor Tait to Associate Michael McCabe to Associate

Argosy Real Estate Partners Year in Review

Argosy Real Estate Partners Exits the Tuscany Valley and Tuscany Crest Portfolio in Lake Elsinore, CA   On October 4, 2024, a partnership between Argosy Real Estate Partners and Shopoff Realty Investments exited its investment in the Tuscany Valley and Tuscany Crest Portfolio, comprising a total of 335 entitled residential lots in Lake Elsinore, CA (Inland Empire).

Exciting Expansion at Centrepoint on Mill in Tempe! We are thrilled to continue our investment in downtown Tempe at our Centrepoint asset, owned in partnership with Argosy Real Estate Partners. As part of this exciting development, we’re welcoming some of Arizona’s most talented restaurateurs to Centrepoint on Mill. In the coming months, we will be introducing new dining experiences led by Teddy Myers of Pretty Decent Concepts, along with long-time Tempe restaurateur Julian Wright, who will be opening elevated concepts within our property. These additions will further enhance the Mill Avenue experience, solidifying it as the next premier destination in the Phoenix area. Check out the article below for all the details.

Argosy Real Estate Partners Exits the Tuscany Valley and Tuscany Crest Portfolio in Lake Elsinore, CA   On October 4, 2024, a partnership between Argosy Real Estate Partners and Shopoff Realty Investments exited its investment in the Tuscany Valley and Tuscany Crest Portfolio, comprising a total of 335 entitled residential lots in Lake Elsinore, CA (Inland Empire).

Argosy Real Estate Partners recently hosted our Operating Partner Retreat in Nashville, Tennessee, bringing together some of the sharpest minds in real estate for a few days of knowledge sharing and networking.   The chance to engage with approximately 50 of our operating partners in person and share insights into the ever-evolving real estate landscape was invaluable. Throughout the event, we explored key industry trends, addressed pressing challenges and discussed future opportunities through thought-provoking speakers / panel discussions.   Beyond business, we also had unique experiences such as whiskey blending, immersive tours of the Grand Ole Opry / Johnny Cash Museum and live performances from talented local singer/songwriters.   A heartfelt thank you to everyone who attended. Argosy looks forward to building on the momentum we’ve created together!

Newport Beach/Nashville Great week in Newport Beach & Nashville highlighted by my visits with Argosy Real Estate Partners and the Western States Office and Industrial event at Pelican Hill. Highlights included the golf with clients at Pelican Hill and the Barbeque at Martin’s in Nashville (which proved that even a fried Bologna sandwich can be awesome!) While Newport Beach & Nashville are a “Few” miles apart, they are two of the most vibrant cities I visit because of the world class LWP environments, great education, healthcare and tech that’s taking bigger portions of the market.  Major market CBD’s are struggling but these smaller LWP markets including these, Austin (last week), Salt Lake City, Boise, Orlando are all the “next city up” as shown by CBRE’s great new report Shaping Tomorrow’s Cities.  That said, there are great pockets of strength even in softer overall markets like San Francisco as noted by Glenn Gilmore at Bricks & Timber in the Weekly Take.  Great seeing you in Nashville too, Glenn! Thx to the Argosy team including David Butler and Andy Stewart and CBRE’s Brady O'Donnell for the invite.  Thx to Kevin Aussef and the entire CBRE Capital Markets West team including Barbara Perrier, Val Achtemeier and Matthew Carlson for the invite and participating in the Pelican Hill preso.  Thx to the AEW team including Lily Kao and Jon Carley for our terrific new office space at the Boardwalk in Irvine (pictured here) and congrats to Kurt Strasmann and Lew Horne for doing the deal.  SGL