Kairos Secures $175M Financing Backing Affordable Housing
Multi-Housing News May 7, 2023 Kairos Investment Management Co. has secured a $175 million credit facility backed by Fannie Mae to grow...
January 5, 2021
KIMC is taking a cautious approach to investment during the pandemic, even for the most coveted asset classes. Industrial has been called the winner of the pandemic—thanks to the increase in online shopping—but even industrial assets require a critical eye during a market downturn, according to KIMC’s Jonathan Needell.
“In industrial, we are being very careful. That isn’t to say that we aren’t looking at deals, but we are being cautious on basis and the tenancy,” Needell, president and chief investment officer at KIMC, tells GlobeSt.com.
Tenancy is a key issue for Needell. Many investors are planning to secure ecommerce giants that pay top dollar rents, but this is unrealistic and risky from an investment standpoint. “If you have vacant space, you can’t just believe that you are going to get Amazon or FedEx or Walmart. That is a low probability play. So, we are being very careful about what we underwrite in industrial.”
KIMC is targeting infill last-mile logistics properties during the pandemic. Competition for large distribution facilities has driven prices beyond the firm’s comfort-level. “The distribution product is pricing out of control with institutions that we can’t even touch it,” says Needell. “We are focused on last-mile where there is some leasing risk is the only place where we have been able to at least approach these deals. Even then, it is difficult.”
Multi-Housing News May 7, 2023 Kairos Investment Management Co. has secured a $175 million credit facility backed by Fannie Mae to grow...
Colorado Real Estate Journal January 13, 2022 GLENDALE – Kairos Investment Management Co. purchased Forest Manor Apartments, the 103-unit...
The property is located close to The Strip and downtown Las Vegas Yield PRO November 18, 2021 Kairos Investment...
Vigour Times September 17, 2023 Briana Succop has been appointed as the new senior investment director at Kairos Investment...
GlobeSt. August 2, 2022 Indications that the high-performing industrial market has hit a plateau are growing, according to a...
Done Deals April 29, 2023 Kairos Investment Management Company (KIMC), a firm that focuses on value-based real estate investments,...
A “tectonic shift of capital” is coming to CRE, which could whip up valuations further. Quote by Jonathan Needell ...
Affordable housing is known for its stability during economic disruption, but this downturn doesn’t look like anything seen before....
18101 Von Karman, Suite 1100
Irvine, CA 92612
(949) 709-8888
(949) 800-8500
investorreporting@kimc.com
Copyright © 2024 Kairos Investment Management Company | Disclosures
Kairos Investment Management Company is an Equal Opportunity Employer and, as such, does not discriminate in employment on the basis of an applicant or employee’s race, ethnicity, ancestry, national origin, color, sex, pregnancy (or related medical conditions), childbirth, family status, gender, gender identity or gender expression, age, religion, marital status, sexual orientation, disability, medical condition, military or veteran status, reproductive health decision making, or any other protected classification or characteristic under applicable federal, state or local law. Kairos will not discriminate against an applicant or employee who has one or more protected classifications, is perceived or regarded as having one or more protected classifications, or is associated with someone who has one or more protected classifications.
Kairos Investment Management Company will also provide reasonable accommodations to applicants and employees who may need such accommodations in connection with employment with Kairos on the basis of their disability, religion, status as a victim of domestic violence or pregnancy. An applicant who needs an accommodation in order to pursue employment with Kairos should contact Human Resources at HR@KIMC.com to request such accommodations. Kairos will engage in a good faith interactive process with the applicant to explore accommodations that will be effective, reasonable and not create an undue hardship.
You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/
You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/