Raith invests in commercial real estate equity and debt in both the private and public markets. The firm applies a bottom-up, fundamental analysis to each investment – quantifying the intrinsic value of the underlying assets and evaluating the inherent risks of each transaction. The principals of the firm have worked together on the deployment of over $1.7 billion of equity capital across these strategies since 2009.
Raith manages commingled, discretionary vehicles that make value-add and opportunistic acquisitions as well as invest in distressed loans and special situations. Raith targets assets that have lagged the performance of the broader market due to mismanagement or have significant capital expenditure and leasing requirements in their business plans. Raith’s in-house asset management team directly oversees operations and capital investment at each property, helping to drive value and achieve asset-specific specific business plans. Raith provides its fund investors the opportunity to co-invest in certain transactions.
Raith manages separate accounts and fund vehicles that invest in a range of debt instruments secured by commercial real estate, including investment grade and non-investment grade CMBS, whole loans, and subordinate debt. Raith brings the same intrinsic value orientation to its debt investments that it utilizes for equity acquisitions, with a strong focus on combining attractive risk-adjusted returns and capital structure safety.