RMC Flashcards
Who is RMC
Group RMC is a NY-based real estate co-investment group that focuses on undervalued income-producing commercial US real estate. We focus on Office in secondary markets principally in the mid west.
Strategy $
The focus is on deals with immediate cash-on-cash returns and increase of value with time.
Culture
We General partners GP look for partners not simply clients.
We are patient old school real estate investors.
Growth
From few friends and family who invested privately in post referendum Quebec (no to independent Quebec) 1995 to formal co-investment platform
Numbers
100 properties
8 US States
1 BN (notebook) - 2BN
11 M square feet - 15 M square feet- 1.4 M square meters
Strategy 🍰
Group RMC invests 5-25% of equity in each partnership. General partners always have skin in the game as co-owners.
Structure
Each deal is structured as its own Limited Partnership, rather than investing in a fund … partners they can choose to invest just once or build a customized and diversified portfolio over several deals.
Partners
We insure that investors are made aware of new deals at the same time and subscriptions work on a first come, first served basis. No single co-investor can own more than 20% of any deal to remain true to the spirit of co-investment.
Buying
40% to 60% discount from replacement value.
Tenants
Stable and prime tenants with limited turnover.