Why Drake Property Group?

Since 1974, the Drake/Aegis family of companies has distinguished themselves as developers and investment advisors of both historic and contemporary properties, completing more than 50 development properties in the Western United States and acting as Advisor or Broker to numerous private clients.

Superior Track Record:

Has acquired or advised on $1,600,000,000 in real estate assets and delivered a 10 year gross average IRR on assets sold of 20.4%.

Well Established “Off Market” Deal Origination Network:

Approximately 70% of Drake’s transactions have been directly sourced.

Purchase price of $15M - $25M,

Concentrating on this market niche maximizes return without competition from large institutional investors who typically concentrate on larger assets.

Exceptional Market/Product Knowledge:

Principals have directed 5,000,000 square feet of leasing and valuation transactions and serve as Advisors or Brokers to numerous private and publicly listed clients including Long’s Drugs, Safeway and Purity Stores.

Strong, Repeat Private Equity Partner Relationships:

Many of our private equity partners have invested with us on multiple transactions.

DRAKE’S VALUE CREATION IN THE REAL ESTATE INVESTMENT LIFE CYCLE

ACQUISITION
  • Benchmark Asset to its Competitive Set
  • Analyze Tenancy
  • Analyze Operation History and Potential
  • Interview Tenants and Brokers
  • Develop Alternative Value enhancement Strategies
  • Perform Risk Assessment
  • Business Plan & Asset Strategy
TRANSITION
  • Integrate Due Diligence into Operations
  • Establish Tenant Relations
  • Analyze Operation History and Potential
  • Implement Marketing Plan
  • Implement Capital Expenditure Program
  • Re-assess at 30-day intervals
STABILITY & EXIT
  • Achieve 100% occupancy
  • Achieve Market Rents
  • Refinance ~ Month 10-20
  • Hold 3 Years & Sell, Distribute Profits