Investment Approach

Acquisition Approach

DCP’s investments' parameters are not constrained by product type, geographic market or total capitalization, however, the firm predominately focuses on value-added real estate transactions in the Western U.S. In general the firm’s investment possess the following characteristics:

  • Acquisition price represents a discount to replacement cost
  • Transactions contain a value-added component:
    • Deployment of targeted capital expenditures to renovate or reposition an asset
    • Implementation of operational improvements
    • Brand conversion (hotels)
  • Investments are located in infill, supply constrained submarkets
  • Assets are located primarily in the Western U.S.

Investment Strategy