Our alternatives investments comprise life science, medical office, self-storage, data centres, student, co-living, manufactured and senior housing, single family rentals, hotels and healthcare. We are focused on investing in non-traditional real estate with a demographic-driven investment focus. We use our extensive network and unique strategic partnerships to create value in fragmented sectors.
- Manufactured housing: Manufactured housing has the lowest historical and projected supply growth due to high barriers to entry resulting from prohibitive zoning restrictions. Limited capital expenditure burden as the majority of residents own their homes, whereas the landlord owns the underlying land which limits its shared capital exposure.
- Student housing: Student housing exhibited greater resilience than traditional apartments in the global financial crisis. Modern amenities of traditional apartments with the collegial atmosphere of dorms are preferred by students without the drawbacks of obsolete buildings or isolating distance of off-campus apartments.
- Single-family rental: Aging millennials are driving future single-family rental demands and are projected to grow more than twice the general U.S. population over the next decade. Need for single-family rentals to offer more bedrooms for growing millennial families.
- Self-storage: Expedited migration of millennial population as they move from apartments to single-family rentals given major life changes, or the desire to change current living situation. Resilient cash flows given storage derives benefits during both periods of growth and periods of downturn.
- Medical office: Strong and growing demand for outpatient medical offices that cater to higher acuity procedures given their outperformance. Continued shift from inpatient hospital care to outpatient visits and surgeries in an effort to reduce healthcare costs. Increased telehealth utilization.
- Senior housing: Deliver next generation senior living facilities as baby boomers enter retirement, eventually looking for facilities offering advanced technology, safety, wellness and delivery of healthcare.
- Life science: COVID-19 likely to spark additional R&D for drugs, therapies and vaccines for future viruses. Human genome sequencing continues to drive rapid advancements in drug development, resulting in increased demand for life science space.
- Data center: Accelerated migration of IT infrastructures to cloud servers as companies reduce long-term IT costs and enhance their work from home abilities. Growth in data is driven by rising consumption of online content, the rise of big data, and companies migrating their data to the public cloud to save on cost.