Arden's Joint Venture Program
Arden, as an operating partner, is seeking joint venture relationships to co-invest in the following type of transactions:
- Major U.S. markets (strong demand drivers and high barriers to entry)
- Fundamentally sound design and constructed low to high rise office product
Investment Profile
- Value add or core plus investments.
- May have repositioning or ground-up development opportunities
- Target leverage returns:
- Value add deals - 16% plus
- Core plus deals - 12-15%
- Size - $25M and up (completed deals up to $2B)
- One-off acquisitions or multi asset/multi market portfolios
Equity
- Substantial equity available.
- Arden to contribute 5-25% equity
Leverage
- Up to 75% loan-to-value.
- Flexible based on transaction structure and partners needs.
Primary Contact:
Vice President Joint Ventures & Acquisitions
Sondra Wenger, CPA
Arden Realty
(415) 875-7053
sondra.wenger@ardenrealty.com
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Additional Contacts:
For properties in Los Angeles & the Pacific Northwest:
Mark Levy
Acquisitions Director
(310) 235-1507
Mark.Levy@ardenrealty.com
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For properties in Orange County, San Diego & Arizona:
Brian Mericle
Acquisitions Director
(949) 270-8880
Brian.Mericle@ardenrealty.com
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For properties in Northern California:
David Dowdney
Vice President, Acquisitions
(415) 875-7057
David.Dowdney@ardenrealty.com
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Corporate Contact:
Michael Lynch
Chief Investment Officer
(310) 966-2646
Michael.Lynch@ardenrealty.com
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