Real Estate, Lodging & Leisure
Blake Street’s Real Estate, Lodging & Leisure (RELL) practice provides financing and advisory services to a selection of private organizations that buy, sell and develop land, ranging from private real estate developers to real estate investment trusts (REITs) and real estate operating companies (REOCs). Our clients include both commercial and residential companies who build or own traditional real estate assets such office buildings, shopping centers, industrial properties and retail and multi-family projects, as well as developers of hotels, gaming facilities, mixed-use resorts and other specialty hospitality properties. Our professionals and affiliates have extensive experience in arranging private capital for real estate based companies, including common and preferred stock, convertible securities, hybrid securities, high yield and other debt financings, and structured and project finance products. In addition to helping our clients raise project or entity level capital, our professionals assist with initiating, structuring, and negotiating joint ventures and special purpose vehicles, and provide buy-side, sell-side and other advisory services such as fairness opinions and corporate structuring advice to real estate management teams and Boards of Directors. Our sector focus includes:
- Commercial Real Estate (CRE) Companies
- Homebuilders, Developers & Land Owners
- Hotels & Motels
- Gaming Companies
- Hospitality & Leisure
Our principals are experienced private real estate developers and investors themselves, and understand the entire real estate cycle, from acquisitions, planning and entitlement, and project development to property management and investment monetization. We focus on the underlying fundamentals of economic and market analysis, land availability and residual value, design and building cost, financial markets and return requirements. From land assemblage and ground-up development of traditional asset classes to construction of specialty boutique and other leisure assets, and from established REITs and operating companies to emerging development platforms, we identify with our real estate clients’ needs and bring hands-on experience and proven capabilities to each engagement. The principals of Blake Street have advised on over $2.3 billion in private real estate based transactions.