Interwest Capital was founded to acquire performing and under-performing commercial real estate assets in the United States. Our focus on mitigating the downside risk as well as uncompromised attention to operating details has resulted in our strong track record of success and superior investment returns. Assets located in primary markets and secondary markets (exhibiting strong growth fundamentals) are considered by the investment committee for acquisition. Throughout the past several years we have focused our investments and resources to acquiring assets in the multi-family and hospitality sectors.

REAL ESTATE

Guiding principles for real estate acquisitions

Commercial real estate must exhibit a combination of characteristics from the following:

core plus

  • Stable cash flow
  • Repositioning is not necessary
  • Long-term asset and market certainty
  • Class A
  • Class B in a strong market
  • 12.0% to 15.0%+ IRR

value-add

  • Repositioning is necessary to achieve rent premiums
  • Increasing net operating income via moderate capital expenditures
  • Increasing market fundamentals
  • 14% to 18.0%+ IRR

OPPORTUNISTIC

  • Repositioning heavily is required
  • Adaptive reuse / infill locations
  • 2.0x+ equity multiple
  • 18.0%+ IRR

DESIRED ACQUISITION CHARACTERISTICS

  • Multi-family class “A” and “B” properties of 200+ units, built 1990+
  • Hospitality properties ranked 3 stars or greater with 100+ rooms
  • Senior/Assisted Living properties of 100+ rooms, built 1990+
  • Office class “A” properties with 100,000+ square feet in primary markets exhibiting exceptional fundamentals
  • Minimum acquisition size $10 million

Interwest Capital has particular expertise and interest in Historic Urban Properties/Adaptive Re-use projects including those that may be eligible for or currently are subject to Historic Tax Credit Structures and/or New Market Tax Credits.

Properties located in primary and strong secondary markets in the U.S. are eligible. Please view our case studies of acquired properties meeting the above criteria. Consideration may be given to properties in Mexico and Canada.

DEBT

Guiding principles for debt acquisitions

Commercial mortgage investments by Interwest Capital must meet a combination of these criteria:

  • Senior whole loans from $10 million to $200 million
  • Assets secured by income-producing commercial real estate
  • Collateral may include multi-family, office, retail, industrial, hospitality and mixed-use property
  • Interwest Capital has particular expertise and interest in Historic Urban Properties/Adaptive Re-use projects including those which may be eligible for or currently are subject to Historic Tax Credit Structures and/or New Market Tax Credits
  • Collateral located anywhere in the U.S., with preference given to primary and strong secondary markets

Special Considerations

We will give special consideration to distressed debt requiring significant workout or restructuring efforts including:

  • Assets in litigation
  • Assets in foreclosure
  • Borrower bankruptcy

JOINT VENTURES

Interwest Capital is interested in building strategic partnerships and joint ventures with experienced sponsors, particularly those who are experts in their local markets. Ideal joint venture candidates will meet these criteria:

  • Projects requiring equity investments of $5 to $100 million, with an overall capitalization of $20 to $300 million
  • An investment period of 1 to 5 years
  • Commercial properties including multi-family, senior housing, assisted living, student properties, hospitality and mixed-use
  • U.S. primary and secondary market locations are preferred