— Affiliated Companies —
American Land Fund Management, together with the other Linneman affiliated companies—American Opportunity Zone Advisors, KL Realty Fund, Linneman Associates, and Aris Real Estate Ventures—represents a team of market experts and innovators driven by research based investment.
American Opportunity Zone Fund
American Opportunity Zone Fund (AOZA) is a Philadelphia-based private real estate investment firm launched in 2019 by principals Dr. Peter Linneman, Kelley Brasfield, Christine Kwak and Jared Mintz.
KL Realty Fund (KLR) is a Philadelphia-based private real estate investment firm launched in 2010 by principals Dr. Peter Linneman and Christine Kwak. KLR applies a unique investment format that provides investors with transparency, governance and risk-adjusted returns. KLR's strategy is to acquire income producing commercial properties in primary and secondary markets for value-add and core-plus opportunities.
KLR is focused on platform-oriented investment strategies, particularly in those markets that have industry specific growth drivers and strong housing demand dynamics. Principals of KLR rely on well-studied market and economic data and tenant credit analyses to target assets across multiple property types, with particular focus on multifamily and office.
KLR can enter into partnerships with knowledgeable local
owners/developers, acquire directly for its own account, as well as advise like-minded investors in building out their acqusitions platforms. As
long-term investors, KLR targets mid-teen returns with moderate leverage
over an investment horizon of 5 to 7 years. KLR can invest in small to
medium size assets (or multi-asset portfolios) throughout the US ranging
in size of $10-$60 million, and is a sister fund to American Land Funds
(ALF).
Contact
Dr. Peter Linneman
215.636.8490
Christine Kwak
415.601.7106
Founders
Properties
| Description: |
Over 350 single-family rental platform in mid-Atlantic region. |
| Opportunity: |
To acquire houses at 20-30% discount to market values and replicate stabilized multifamily income while managing for future appreciation upside. Attain moderate leverage on portfolio basis, taking advantage of market evolution of single family rental industry. |
| Description: |
117-unit mid-rise apartment
project. |
| Opportunity: |
To
renovate and reposition asset as boutique Class A multifamily in a central
university area. |
| Description: |
497-unit
garden-style apartment project. |
| Opportunity: |
To
complete renovations and stabilize leasing for long-term multifamily income
asset. Executed on sale of 2015 after 5-year hold period, attained asset-level levered IRR of approximately 22% and EM of 2.6X. |
| Description: |
Portfolio
of multifamily and single family residential niche projects. |
| Opportunity: |
To
acquire and expand on existing portfolio in oil and gas growth areas. |
| Description: |
10% recap of a publicly traded Israeli industrial REIT. |
| Opportunity: |
To
assist the REIT in increasing float, formalizing dividend policy, and expanding
into other asset classes to grow. |
Linneman Associates
Founded in 1979 by Dr. Peter Linneman and managed together with partner Deborah Moy, Linneman Associates is one of the real estate industry’s leading consulting and investment advisory firms. Linneman Associates specializes in commercial real estate investment strategy with a customized approach.
Located in Philadelphia, Linneman Associates serves clients across many different industries and countries, but primarily institutional investors, REITs, developers, and opportunistic private equity firms. Linneman Associates is focused on providing clients with market insights and analyses by assessing and simplifying the ever-changing macroeconomic, political, and capital market environments, particularly as they relate to commercial real estate investing.
Dr. Peter Linneman has been a critical influence in driving the
professionalization of real estate capital markets and the commercial
real estate industry. Thousands of global and regional real estate
investment professionals look to Linneman Associates’ insights each
quarter through subscriptions to The Linneman Letter.
Aris Real Estate Ventures
Aris Real Estate Ventures (Aris) is a California-based real estate investment and advisory firm founded by Christine Kwak. Aris was created in 2010 in conjunction with the formation of KL Realty to provide integrated asset management process from acquisition, renovation, and leasing to dispositions in the Western US. Aris invests and manages for its own account as well as on behalf of Linneman affiliates. Value creation is attained through active asset management, institutional quality investor reporting, and financial oversight. Strong regional and national equity and debt relationships allow Aris to achieve high quality deal sourcing and execution.
Contact
Christine Kwak
415.601.7106