About
Western Bay is a private equity firm that invests nationally in commercial real estate, credit and financial assets. Western Bay’s principals have vast transactional experience, having developed, acquired and sold hundreds of millions of dollars of successful projects throughout the United States. With its first class reputation, global relationships and prestigious client base, Western Bay offers private investors unique access to new investment opportunity.
Our Approach
Western Bay seeks acquisition opportunities in developed markets that have suffered a temporary economic crisis, resulting in a dislocation in asset pricing and value. By leveraging long-standing relationships with Brokers and REITS to source deals and employing a comprehensive bottom-up asset evaluation approach, Western Bay streamlines acquisition approvals and gets deals closed faster.
Our Services
Western Bay offers a full-service Asset Management Platform. We also coordinate all necessary debt financing, accounting, and legal services for our partners. The following services are provided to all managed portfolio properties:
- Investor Relations
- Due Diligence
- Asset Management
- Property Management
- Acquisition & Disposition Services
- Accounting
- Investment Sales
- Advisory Services
- Structured Finance
- Loan Servicing
- Entitlements
Leadership
Western Bay is led by a team of industry professionals who all share an uncommon entrepreneurial spirit, a passion for people, and a keen ability to create opportunity. Their diverse professional backgrounds include Directors of Development, CFOs, CPAs, and Leasing Professionals. Western Bay prides itself on not only being the equity but also having the experience and relationships to deliver what it promises.
Relationships
Relationships are at the heart of everything we do. Our aim is to demonstrate fairness, appreciation, loyalty, and dedication in every transaction. We strive to identify each party’s unique needs and goals to create a mutually beneficial arrangement whereby everyone captures the maximum amount of value.
Joint Venture
Western Bay typically purchases real estate outright, but in some cases a joint venture is more advantageous to one or both parties. Western Bay is open to joint venture agreements when the asset type and geography of the asset are within our realm of operation. We forge successful and durable joint venture partnerships in which both sides feel they have gotten a fair deal. At its core, a successful joint venture includes the following:
- Trust
- Quality People
- Shared Goals
- Alignment of Interests
- Compromise and Communication
Western Bay can be creative and flexible in its structure, but a typical structure would be:
- A Property owner prefers not to sell their asset but rather to partner with Western Bay to increase the value of the property. Each venture is unique; however, any structure would ensure that the owner will have a more stable and increased income stream or increased value once the redevelopment is complete. Western Bay will use its market knowledge and tenant relationships to increase the value of the property.
- Western Bay would manage the day-to-day operation of the property.
- Western Bay would provide additional equity or procures attractive financing for the partnership.
- Western Bay would work with its development partners to redevelop or otherwise improve the asset.
- The new asset would be held or sold depending on the agreement of the joint venture partners.
- All parties would benefit from having worked together.
Phoenix Investment Funds (“Phoenix”) is a credit affiliate of Western Bay that provides both corporate and commercial real estate lending expertise.
Commercial real Estate Finance
The Phoenix team has the underwriting expertise to provide access to debt across the capital structure, including second lien, mezzanine, and equity co-investments. Phoenix’s unique ability to underwrite and carefully monitor its portfolio of (rescue, transactional and value-add) loans is a distinct competitive advantage.
Earned Trust From
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Own or represent a Property you would like to sell?
Simply email us the details by submitting the following form.
We will respond within 48 – 72 hours with initial feedback.
You may also contact our office directly at (949) 679-3460 to discuss the property.
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