CREATING VALUE THROUGH STRONG PARTNERSHIPS WITH ALIGNED INTERESTS
Suffolk Capital, an affiliate of Suffolk Construction, is an investment vehicle created to partner with real estate developers. Suffolk Capital invests in select projects across the country that can meet the organization's targeted investor returns.
Leveraging Suffolk’s unique expertise and position in the industry, Suffolk Capital’s mission is to assist developers in their pre-construction raising of capital and pre-development process. We partner with and invest in developers who have a proven track record of success within specific real estate asset classes and geographic markets.
With support from Suffolk's industry-leading estimating and "plan and control" teams, and by investing side-by-side with developers at the general partner level, Suffolk Capital provides value by cultivating a de-risked development process that offers greater predictability and budget certainty, increased profitability and surety of execution for all stakeholders.
Suffolk Capital's decisions are made by an independent, seasoned Investment Committee using a multi-disciplined, systematic evaluation process:
Capital is made available to best-in-class operators, developers and real estate sponsors that have superior management, strong track records, local market expertise, the highest levels of integrity and unique projects.
For eligible deals, Suffolk Capital will invest at the developer GP level to fund identified pre-development and development costs.
Suffolk Capital provides strategic value to partners that results in a clear, disciplined and efficient development plan and budget. Because we enter the value creation chain early, Suffolk Capital is able to improve feasibility and introduce developers to more efficient, less expensive construction approaches that maximize overall developer profit.
Suffolk Capital supports projects throughout the development process including providing access to its vast network of real estate industry resources and expertise to further enhance execution.
Developers benefit from:
Aligned interests, including early access to Suffolk’s pre-development expertise
Efficient earlier-stage access to capital Certainty of Close
Potential to grow into a programmatic relationship
RIGOROUS, INDUSTRY-LEADING PROCESSES TO MANAGE PERFORMANCE AND RISK
HIGHLY-SKILLED AND EXPERIENCED, INDEPENDENT INVESTMENT COMMITTEE
EXCEPTIONAL PROJECTS IN DIVERSE ASSET CLASSES AND GEOGRAPHIES
Residence Inn - Berkeley
Location: Berkeley, CA
Property Type: Limited Service Hotel
Size: 287,160 gross square feet
Rooms / Keys: 329
Development Partner: Pyramid Hotel Group