Services
Always alert for new opportunities, NewQuest Crosswell invests in joint ventures and for its own account through the following real estate ownership and development services to provide exceptional risk-adjusted returns to investors:
I. Single tenant build-to-suit retail development
Our single-tenant development program provides economies of scale to restaurant corporations and franchisees, allowing them to penetrate new markets via NewQuest Crosswell’s ability to carefully identify and acquire multiple, competitively-superior sites, then expedite openings via our construction and capital markets services. These services can create significant fee income for our partnerships and multi-point cap rate spreads upon exit.
Select clients include:
- Walgreens
- Academy Sports & Outdoors
- Walmart
- Sam’s
- Target
- Krispy Kreme Doughnuts
- Wells Fargo
- Whataburger
- Raising Cane’s
- Tutor Time
- Carl’s Jr.
II. Multi-tenant office, industrial, and retail development, acquisition, and repositioning
NewQuest Crosswell has crafted an opportunistic investment and development approach for the development and acquisition of traditional office, industrial, and retail properties based on the following principles:
- The careful selection of markets that exhibit superior economic growth prospects evidenced by employment and population increases and improving demographics
- Utilizing NewQuest’s in-house architectural, construction, and legal capabilities to control costs and streamline the integration of the development team
- Investing in existing properties at quantifiable discounts to replacement cost
- Creating and executing market and data-driven leasing and marketing strategies
- Applying moderate leverage at attractive rates
- Attentive, adaptive and creative project oversight
- Optimized exit timing in consideration of capital market conditions
III. Unimproved land acquisition and entitlement
NewQuest Crosswell has a long-established history of successful land investment to provide capital preservation and appreciation. As the markets continue to recover, our team targets off-market, distressed, and/or otherwise undervalued properties through the following channels:
- Excess land purchased as part of larger developments
- Forced liquidations by both owners and lenders due to over-leverage
- “Non-core” assets owned by institutional owners
- Lenders seeking to rid balance sheets of non-income producing assets
- FDIC sales
Once acquired, properties are positioned for resale through the entitlement process, which may require the mitigation of wetlands, the establishment of municipal utility districts (MUD) or tax increment reinvestment zones (TIRZ), or concessions from the respective department of transportation jurisdiction. The greater the complexity of the entitlement process, the greater the capacity for exceptional investment returns.
IV. Bridge lending and other real property financial services
Through its subsidiary, Black Creek Financing, NewQuest Crosswell offers financing for all real property asset classes on a nationwide basis, and will provide capital for:
- Acquisition financing for non-stabilized assets
- Construction for residential and commercial development
- Discounted note payoffs
- Distressed note acquisitions
- Partnership recapitalization and / or restructuring
- Acquisition of Portfolios – non/sub performing loans and REO assets
- Core and non-Core First Lien Bridge Loans (up to 85% LTV)