Alpaca Real Estate

It's been a busy quarter for Alpaca Real Estate! We continue to drive value as an opportunistic real estate private equity platform that utilizes innovation to create alpha. Most recently, we announced the recapitalization of the Axel, a trophy NYC residential asset in a prime location adjacent to Barclay’s Center in Downtown Brooklyn. Additionally, ARE continues to grow our residential homebuilder partnership strategy that targets new construction rental homes in locations marked by strong population growth, robust household income, best-in-class school districts and access to both employment and recreation. Our full update includes further details on the above transactions, as well as ARE insights and resources, including: > Market Insights & Investment Opportunities > Press & Speaking > Research Archive, including Electric Vehicle Charging Infrastructure, AI in Real Estate and Macro U.S. Real Estate fundamentals > Event recaps from ARE’s Aspen Mountain Summit and Blueprint 2024To request access to the full update, learn more about ARE’s upcoming opportunities and events or find out more about our research into current topics of interest, reach out to our team at investors@alpacarealestate.com. We look forward to connecting. Daniel Fetner, Ryan Freedman, Julie C., Christina Bicks, Lorraine Sanders

It's been a busy quarter for Alpaca Real Estate! We continue to drive value as an opportunistic real estate private equity platform that utilizes innovation to create alpha. Most recently, we announced the recapitalization of the Axel, a trophy NYC residential asset in a prime location adjacent to Barclay’s Center in Downtown Brooklyn. Additionally, ARE continues to grow our residential homebuilder partnership strategy that targets new construction rental homes in locations marked by strong population growth, robust household income, best-in-class school districts and access to both employment and recreation. Our full update includes further details on the above transactions, as well as ARE insights and resources, including: > Market Insights & Investment Opportunities > Press & Speaking > Research Archive, including Electric Vehicle Charging Infrastructure, AI in Real Estate and Macro U.S. Real Estate fundamentals > Event recaps from ARE’s Aspen Mountain Summit and Blueprint 2024To request access to the full update, learn more about ARE’s upcoming opportunities and events or find out more about our research into current topics of interest, reach out to our team at investors@alpacarealestate.com. We look forward to connecting. Daniel Fetner, Ryan Freedman, Julie C., Christina Bicks, Lorraine Sanders

An industry wide de-levering and basis reset has created an opportunity for dry powder to recapitalize great assets for strong sponsors. Alpaca Real Estate is a liquidity provider for best-in-class assets. We recently recapitalized a trophy residential tower in my home neighborhood of Fort Greene, Brooklyn.

I thoroughly enjoyed the conversation this week at Rudin's 3TimesSquare discussing capital market trends and opportunities in real estate with CBRE, Jackson Lucas, AWH Partners and Alpaca Real Estate. Key takeaways included: - Labor remains robust, with September’s payroll figures calming recession talks and potentially muting the pace of FED action - One key driver is the growth of female participation in the workforce (up 3% post-COVID) - The near-term impact of AI on the labor market is projected to be slow (even if it is streamlining data intensive tasks, like real estate valuation!) - The market-implied forward curve may be optimistic, and real estate investors should settle in for a more gradual easing of rates The above factors not only create strong operational tailwinds in certain real estate sectors, but the current state of elevated rates and scarce liquidity is a breeding ground for opportunity. Those with liquidity can solve this riddle to retrench and invest in assets at “center ice” either through structured solutions or reset valuations. Lisa Flicker, Russell Flicker, Wei Luo, Peter Weiss, Christina Bicks, Daniel Fetner, Ryan Freedman, Lorraine Sanders

I thoroughly enjoyed the conversation this week at Rudin's 3TimesSquare discussing capital market trends and opportunities in real estate with CBRE, Jackson Lucas, AWH Partners and Alpaca Real Estate. Key takeaways included: - Labor remains robust, with September’s payroll figures calming recession talks and potentially muting the pace of FED action - One key driver is the growth of female participation in the workforce (up 3% post-COVID) - The near-term impact of AI on the labor market is projected to be slow (even if it is streamlining data intensive tasks, like real estate valuation!) - The market-implied forward curve may be optimistic, and real estate investors should settle in for a more gradual easing of rates The above factors not only create strong operational tailwinds in certain real estate sectors, but the current state of elevated rates and scarce liquidity is a breeding ground for opportunity. Those with liquidity can solve this riddle to retrench and invest in assets at “center ice” either through structured solutions or reset valuations. Lisa Flicker, Russell Flicker, Wei Luo, Peter Weiss, Christina Bicks, Daniel Fetner, Ryan Freedman, Lorraine Sanders

AI's impact on real estate can already be seen in investment management and property operations. Recently Alpaca Real Estate collaborated with AFIRE, the Association for Foreign Investors in Real Estate, to examine how AI driven platforms can streamline data aggregation when underwriting hundreds of opportunities each year. Alpaca Real Estate also looked at several examples of AI implementation accross property types. Please find the link below and share your thoughts! ("Distinct Verticals" starting on page 14) Andrew Peng, AFIRE, Peter Weiss, Ryan Freedman, Daniel Fetner, Christina Bicks https://lnkd.in/ey9XXKMK

Next week, the Alpaca Real Estate team will be participating in Blueprint 2024. Join me for a panel conversation exploring how real estate private equity solutions can combine with operating platforms via PropCo/OpCo structures. PropCo/OpCo or platform investments allow real estate investors to access assets with increased control and upside potential. The Alpaca team will also be participating in these events: > Panel: Innovative Real Estate Private Equity Investing with Peter Braffman of GCM Grosvenor, Christy Fields of Meketa Investment Group, Kirk Sims, CFA of Teacher Retirement System of Texas and moderated by Alpaca's Ryan Freedman > Roundtable: AI in Real Estate Investment Management moderated by Alpaca VC’s Andrew Peng

At Alpaca Real Estate, we drive alpha through relative value. By creating a bespoke solution with Intapp, we immediately drive more deals through our pipeline by creating reliable relative value analysis. We believe this proprietary AI-driven data harvesting leads to better, more informed decisions. Daniel Carr, Ryan Freedman, Daniel Fetner, Christina Bicks, Lorraine Sanders, Andrew Peng, Julie C., Raymond Updyke, CFA, CPA, Alpaca VC, Megan Kivlehan, Intapp DealCloud , Frank Spadafora, Hunter Standen, Sam B. Smith II