Atlantic Creek Real Estate Partners, LLC sponsors private equity commercial real estate “opportunistic” and “special situations” funds for family offices, pensions, endowments and other institutional wealth managers. Specifically, Atlantic Creek targets off market, office, apartment, and retail property assets located in high barrier-to-entry markets with compelling demographics throughout the Northeast, Mid-Atlantic and Southeast, in addition to other select high growth regions of the U.S. such as Texas.
Featured Presenters:
Presenting: Daniel Sachs |Co-Founder & Managing Partner and Eric Bylin | Co-Founder & Managing Partner
Below firm & strategy detail.
Atlantic Creek Real Estate Partners, LLC (“ACREP” or “Atlantic Creek”) sponsors private equity commercial real estate “opportunistic” and “special situations” funds for family offices, pensions, endowments and other institutional wealth managers. Specifically, Atlantic Creek targets off market, office, apartment, and retail property assets located in high barrier-to-entry markets with compelling demographics throughout the Northeast, Mid-Atlantic and Southeast, in addition to other select high growth regions of the U.S. such as Texas.
These investments require smaller equity investments (typically $5 to $12 million per deal), and form a niche that is in our view less competitive, and less efficiently priced as it remains unattractive for larger institutional investors who cannot place nearly enough equity in the time required, and yet in contrast, is often too big for “country club” syndicated equity to pool the necessary acquisition capital. We target assets that are mis-priced in relation to their estimated replacement cost, or their potential to be re-positioned to generate positive cash flow over the relatively near term. Often properties are purchased from sellers who are “unnatural owners” such as banks, trusts and or special servicers. Since formation in 2008, Atlantic Creek Real Estate Partners, LLC and its affiliates (“ACREP”) has had approximately $450 million of commercial real estate related assets under management. ACREP is based in New York, and has offices in Chicago, and Palm Beach, FL. The firm’s first private equity real estate fund, “Atlantic Creek Real Estate Fund, LP,” or “Fund I,” is a commercial real estate fund focused on acquiring value-add and/or opportunistic commercial real estate assets in the U.S. Fund I is fully invested, and has committed to ten investments ($175 millions of properties), representing approximately 1.8 million sf.
Daniel Sachs |Co-Founder & Managing Partner Mr. Sachs is a Managing Partner and a Founding Member of ACREP. Mr. Sachs serves on the Investment Committee for the five investment funds cosponsored by an affiliate of ACREP. Mr. Sachs has more than 20 years of institutional real estate experience and, throughout his career, has contributed to the origination and execution of approximately $10 billion in retail and office investment sales offerings and transactions, financing and advisory assignments. Prior to founding BlueGate, Mr. Sachs was a Senior Managing Director and Partner of DTZ Rockwood, an international property advisory firm, where he worked for 13 years. At DTZ Rockwood, Mr. Sachs served as the firm’s national group head of Investment Sales. In addition, Mr. Sachs led the firm’s national retail practice as well as focusing on national office building investment sales. Prior to his tenure at DTZ Rockwood, Mr. Sachs was a Manager in Coopers & Lybrand L.L.P.’s Real Estate Advisory Services Group, where he served as a real estate consultant servicing clients including financial institutions, investment banks, real estate investors and developers. While at C&L, he supervised the due diligence activities for rating agency presentation for the securitization of over $1 billion of commercial loans collateralized by office, retail, multifamily and industrial properties. He also assisted clients in restructuring and workout advisory, portfolio asset disposition, and strategic business plan asset reviews. B.S.E. Finance and Accounting M.B.A. Real Estate Finance and Finance The Wharton School, University of Pennsylvania Columbia Business School
Eric Bylin | Co-Founder & Managing Partner
Mr. Bylin is a Managing Partner and a Founding Member of ACREP. Mr. Bylin serves on the Investment Committee for the five investment funds cosponsored by an affiliated of ACREP. Mr. Bylin has approximately 20 years of commercial real estate experience and, throughout his career, has contributed to the origination and execution of approximately $7 billion in retail, office, senior living, development land and other investment sales offerings, transactions, financings, acquisitions, valuation and advisory assignments. Prior to founding BlueGate, Mr. Bylin was a Managing Director and Partner of DTZ Rockwood, an international property advisory firm, where he worked for approximately 11 years in both its New York City and Palm Beach Gardens, Florida offices. During his tenure at DTZ Rockwood, Mr. Bylin led the firm’s Palm Beach Gardens office and specialized in retail, office, and development land advisory and transactional assignments. Preceding DTZ Rockwood, Mr. Bylin was a member of Jones Lang Wootton’s Investment Sales Division located in New York City. B.A. History M.B.A. Finance Brown University Columbia Business School
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