PHILOSOPHY

Benenson Capital Partners' financial depth, eye for opportunity and the ability to capitalize on those opportunities are the cornerstones on which its history of long-term growth has been built. The high professional standards, knowledge and integrity established as its hallmark by Benjamin Benenson, and perpetuated by Charles B. Benenson, will ensure its ongoing prosperity.

Since 1905, three guiding principles have been the touchstone for the Company's investment philosophy:

  • maintain a keen contrarian eye for intrinsic value irrespective of current market perceptions
  • invest in a portfolio of geographically diverse properties with credit tenants
  • invest with a long-term perspective for multiple generations of the Benenson family

STRATEGY

Free from restrictions associated with location and asset class, Benenson Capital Partners remains highly active in the expansion and management of its existing portfolio. Equipped with a contrarian yet opportunistic perspective, our real estate experts apply the following strategies:

  • invest in core, enhanced core, value added and other real estate investments
  • utilize intuition and vision coupled with fundamentally sound analytics to identify undervalued assets with current cash flow
  • limit leverage to 65%-75% to buffer against financial volatility
  • conservative financing approach heavily reliant on fixed rate debt in order to mitigate potential risks associated with refinancing
  • invest in assets where the tenant roster presents limited foreseeable rollover risk
  • pursue strong core assets with strong cash flow
  • investments typically sized between $3MM-$100MM
  • focus on diversification in terms of geography, tenancy, property type, industry, and lease term
  • create value during acquisition and thereafter through strategic asset management and properly timed dispositions

CRITERIA

Investment criteria include:

Single-Tenant Triple Net Lease

  • Investment-grade company
  • 15-year minimum lease term
  • NNN bond-type lease

Multi-Tenant Acquisition or Development

  • High occupancy levels
  • Diverse tenant base
  • Tenants with strong credit ratings
  • Income appreciation/upside potential

General Acquisition or Development

  • Minimum initial cash-on-cash yields based on the transaction's risk profile
  • Properties with long-term intrinsic value
  • $1 million deal minimum
  • Inflation-protection through rent appreciation
  • Expansion of the portfolio's geographic diversity