Encore’s Core Focus

Commercial

Commercial

  • Acquire/redevelop office buildings, need-based retail, & single tenant build-to-suits
  • Ground-up development:  value-add potential, credit-anchored tenants, & strong locations in primary, secondary, & tertiary markets that yield higher risk-adjusted returns
Hospitality

Hospitality

  • Primarily in Hilton, Marriott, and Starwood branded hotels
  • 125 to 300 rooms in primary or secondary markets
  • Mostly limited service, but some full service
  • 7 to 10 year old hotels in need of renovation
Multifamily

Multifamily

  • Class A ground-up development
  • High barrier to entry and/or supply constrained markets
  • 200 to 300 units per community
  • Garden style or garage-wrap construction
  • Targeted toward millennial renters
  • Average market rents of $1,200

Encore’s DNA

Seek Opportunity Across The Cycle

Experienced management team and sound investment philosophy allow Encore to develop a strongly held viewpoint on where and how to access value.

Unwavering Focus on Capital Preservation

Investment decisions are made with the primary focus on structuring for safety. Investors do not fear loss of principal.

Elimination of Risk Through Diversification

As one sector nears its peak in the market cycle or moves out of favor, Encore can direct capital and resources to another sector with a more bullish trajectory.

Entrepreneurial,
But Patient

Correctly incentivized through performance. Encore is positioned to capitalize on market gyrations as it has no requirements to acquire and/or monetize assets under pressure.

Investment Strategy

Aquire

Encore has a strong history of transactional performance, which has resulted in a wide network of relationships throughout the industry. It is with these relationships that Encore has prime access to a number of opportunities, many of which are not widely marketed.

Develop

Encore only develops when conditions are favorable; otherwise we sell assets, pursue value-add transactions, or just remain on the sidelines, as we have in the past.

Exit

Our unique knowledge of each sector we invest in has guided us to buy and sell properties in times and markets that appear less than ideal, but ultimately produces beneficial outcomes for our co-investors.

Encore does not compete for core “trophy” assets.

Encore invests in assets that are:
– High-quality, but not fully stabilized – and hence not a target for core investor
– New developments at attractive projected yields

Encore’s opportunity set includes:
– Properties that need major physical improvement
– Assets that need to be recapitalized
– Recently completed buildings that are not fully leased
– New development opportunities

Value Add

Vacant Space
Deferred CAPEX
Recapitalization

Opportunistic

Land
Entitlement
Development

“We have made exceptional timing decisions, all of which were the product of unrelenting debate, good governance, and a commitment to evidence-based thinking.”

President & CEO, Patrick Barber