Investments

btcRE pursues a disciplined investment strategy focused on our philosophy of revitalizing underutilized, mid-sized commercial properties that are located in dense, urban settings and require proactive, hands-on ownership to maximize value. We seek complicated revitalization projects, but we are small and nimble enough to be able to provide quick decisions, creative and flexible approaches, and a streamlined transaction process. We take great pride in doing our homework early and standing by our word.

Investment Parameters

Value-Add

Existing assets requiring proactive, hands-on ownership to maximize value via sophisticated leasing, construction and/or financing strategies.

Location

Greater Boston area, with a preference for non-core, peripheral urban markets surrounding downtown Boston (e.g. Somerville, Malden, Medford, Chelsea, Watertown, Newton, Needham, Dorchester, Roxbury)

Community

Dense, walkable, mixed-use neighborhoods with strong political and community support for urban redevelopment

Property Types

Office, retail, light lab/R&D/industrial

Size

Total capitalization of $5-20 million

Alternative Structures

Open to consideration of joint ventures, earn-outs/profit-sharing, seller participation, and investments across the capital stack (preferred equity, subordinated loans, senior loans)

Process

Sourcing

Professional relationships throughout the Greater Boston market; direct, owner-to-owner discussions, real estate listing services; off-market transactions

Due Diligence

We engage our full due diligence team early in the process to conduct a thorough and speedy evaluation of an opportunity

Decision-Making

Streamlined decision-making authority vested with Managing Partner Brian R. Iammartino, CFA

Closing

Our thorough upfront due diligence efforts ensure a smooth, expeditious transaction and minimize standard closing conditions and contingencies

Equity Financing

Stable, committed investor base of high net worth individuals and family offices

Debt Financing

Conservative, realistic financing practices, with a preference for borrowing from local banks and other relationship-based lenders