Adler Kawa invests through Funds,
Managed Accounts and individual asset Joint Ventures.
Adler Kawa's Investment philosophy is to focus on
capital preservation, cash flow and value creation:
Acquire properties well below replacement costs with what it believes to be conservative leverage.
Seek strong average cash flow to generate significant returns through operations.
Implement value-add strategies, which are not dependent upon significant rate and asset value growth, to achieve strong residual values.
Adler Kawa’s targeted asset class, multi-tenant commercial office and industrial buildings, have generally outperformed other types of office and industrial properties achieving favorable risk-adjusted returns
From 1983 to 2008 flex/industrial properties returned 9.54% while warehouse properties returned 9.38% and central business district office properties returned 8.41%.
A reason for this outperformance is that multi-tenant business parks and industrial facilities generally feature smaller tenants and shorter lease terms.+ See more
Properties in this asset class are trading at historically high capitalization rates in part due to the management intensive nature of such properties. Adler’s history of operating expertise within this asset class position it well to acquire these properties at high cap rates, add value through expert management and exploit the currently wide spread between cap rates and interest rates.