Beyond Bending Tell You How
DLJ Real Estate Capital Partners is a real estate investment firm that specializes in providing capital to real estate developers and operators. The firm is based in New York City and has been in operation since 1995.
DLJ Real Estate Capital Partners is a subsidiary of Credit Suisse, one of the world’s leading financial services companies. The firm has a global footprint and has invested in real estate projects across the United States, Europe, and Asia.
History of DLJ Real Estate Capital Partners
DLJ Real Estate Capital Partners was founded in 1995 by a group of real estate professionals who were previously employed by Donaldson, Lufkin & Jenrette, a former investment bank. The firm was initially established as a subsidiary of DLJ Merchant Banking Partners, the private equity arm of Donaldson, Lufkin & Jenrette.
In 2000, Credit Suisse acquired Donaldson, Lufkin & Jenrette, and DLJ Real Estate Capital Partners became a subsidiary of Credit Suisse. Since then, the firm has continued to grow and expand its operations.
Investment Strategy
DLJ Real Estate Capital Partners focuses on providing capital to real estate developers and operators. The firm’s investment strategy is based on identifying real estate projects that have the potential to generate high returns for investors.
The firm invests in a variety of real estate assets, including office buildings, retail properties, multifamily residential properties, and industrial properties. DLJ Real Estate Capital Partners also invests in real estate debt, including mezzanine debt and preferred equity.
DLJ Real Estate Capital Partners takes a hands-on approach to its investments. The firm’s team of experienced real estate professionals works closely with its partners to identify value-add opportunities and to manage the investment process from start to finish.
Investment Criteria
DLJ Real Estate Capital Partners has a set of investment criteria that it uses to evaluate potential investments. The firm looks for real estate projects that meet the following criteria:
- Strong market fundamentals
- Experienced development or operating partner
- Attractive risk-adjusted return potential
- Opportunities to create value through active management or redevelopment
DLJ Real Estate Capital Partners also considers the capital structure of potential investments. The firm typically looks for investments where it can provide a significant portion of the capital stack, allowing it to take an active role in the investment process.
Portfolio
DLJ Real Estate Capital Partners has a diverse portfolio of real estate investments. The firm’s portfolio includes office buildings, retail properties, multifamily residential properties, and industrial properties.
One notable investment in DLJ Real Estate Capital Partners’ portfolio is the Hudson Yards development in New York City. DLJ Real Estate Capital Partners provided capital for the development of the retail portion of the project, which includes over 1 million square feet of retail space.
| Property Type | Location | Size | Investment Amount |
|---|---|---|---|
| Office | New York City | 500,000 square feet | $100 million |
| Retail | Los Angeles | 750,000 square feet | $200 million |
| Multifamily Residential | Chicago | 300 units | $50 million |
| Industrial | Dallas | 1 million square feet | $75 million |
DLJ Real Estate Capital Partners’ portfolio also includes investments in real estate debt, including mezzanine debt and preferred equity. The firm’s debt investments typically have a shorter investment horizon than its equity investments.
Team
DLJ Real Estate Capital Partners has a team of experienced real estate professionals who are responsible for managing the firm’s investments. The team includes individuals with expertise in real estate acquisition, development, and asset management.
Some members of the DLJ Real Estate Capital Partners team include:
- David L. Levinson, CEO
- Richard Mack, Senior Managing Director
- Andrew Rifkin, Senior Managing Director
- Anthony Schepis, Senior Managing Director
The DLJ Real Estate Capital Partners team has a track record of successfully identifying and executing real estate investments that generate strong returns for investors.
Partnerships
DLJ Real Estate Capital Partners works closely with its partners to identify value-add opportunities and to manage the investment process from start to finish. The firm’s partners include real estate developers, operators, and investors.
DLJ Real Estate Capital Partners has developed strong relationships with its partners, which allows the firm to identify investment opportunities that may not be available to other investors.
DLJ Real Estate Capital Partners also works with other divisions of Credit Suisse to provide comprehensive financing solutions to its partners. This includes both equity and debt financing.
Risk Management
DLJ Real Estate Capital Partners takes a disciplined approach to risk management. The firm conducts extensive due diligence on potential investments to identify and evaluate risks.
The firm also actively manages its investments to mitigate risks and to maximize returns. This includes monitoring market conditions and taking proactive steps to address any issues that may arise.
DLJ Real Estate Capital Partners also has a strong focus on transparency and communication with its partners. The firm provides regular updates on the performance of its investments and works closely with its partners to address any concerns or issues that may arise.
Performance
DLJ Real Estate Capital Partners has a track record of generating strong returns for its investors. The firm’s investments have consistently outperformed industry benchmarks.
One example of DLJ Real Estate Capital Partners’ strong performance is its investment in the Hudson Yards development in New York City. The retail portion of the project, which DLJ Real Estate Capital Partners provided capital for, has been highly successful and has generated strong returns for investors.
Future Outlook
DLJ Real Estate Capital Partners is well-positioned to continue its success in the future. The firm has a strong team of experienced real estate professionals and a proven investment strategy.
DLJ Real Estate Capital Partners will continue to focus on identifying real estate investments that have the potential to generate strong returns for investors. The firm will also continue to work closely with its partners to provide comprehensive financing solutions.
Overall, DLJ Real Estate Capital Partners is a top real estate investment firm that has a proven track record of success. The firm’s focus on identifying value-add opportunities and its hands-on approach to investments make it a valuable partner for real estate developers and operators.
