We target a diverse range of opportunities across all areas of real estate, with an emphasis on debt and/or equity investments in commercial real estate, including office and retail, structured finance, and non-U.S. residential real estate. The investments capitalize on our network of relationships and multi-disciplinary capabilities. We will also occasionally pursue development opportunities with aligned, high-quality partners. Our fundamental investment philosophy and strategy emphasizes focus on asset quality, risk control, and downside protection.
Oakes recognizes that the commercial property business is inherently cyclical. The fund mitigates earnings and cash flow volatility by acquiring and developing premium-quality properties as defined by ocation, physical qualities, and most importantly, appeal to the highest quality tenants.
Based on the assessment, we develop a vision and strategy that packages and positions, or repositions, the real estate asset to optimize its value in the market while minimizing risk.
Opportunities to acquire portfolios of distressed real estate assets are infrequent. Buying opportunities have appeared at different times in different places: the U.S. in the early 1990s, in Japan or Korea in the late 1990s, and in Europe in recent years.
As flight to quality trends in the UK, Germany, and Switzerland reduced expected yields, we expanded the scope of our investment activities to Southern Europe, while maintaining the discipline of our historically successful strategy.