The Art of Raising a Fund with Matt Adler, Founder & Managing Principal of Adler Real Estate Partners

Masters of Moments

Adler Real Estate Partners is an entrepreneurial real estate company pursuing a vertically integrated niche strategy which invests in multi-tenant light industrial and related business parks. The Company is highly focused on a specific market sector, enabling it to generate favorable risk-adjusted returns.

Formed in 2012 as an independent company, the firm carries in its DNA the successful 50-year track record of acquiring and operating multi-tenant commercial real estate assets of Matthew Adler’s legacy family business, the Adler Group.

On this episode, Jake and Matt discuss:

- How the fund investing model has changed risk appetite

- Adding value as an operator

- Matt’s investment strategy

- Creating incentives and deal structures

- Surviving without a promote

- Raising capital

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Links:

Adler Real Estate Partners

Solo Ep on fees

Four Seasons Golden Triangle Thailand

Topics:

(00:00:00) - Intro

(00:02:00) - The post-covid industrial space

(00:05:02) - Key moments in Matt’s career

(00:08:40) - Gross-to-Net spread

(00:09:59) - How the fund investing model has changed risk appetite

(00:14:11) - Adding value as an operator

(00:16:54) - Matt’s investment strategy

(00:26:10) - Creating incentives and deal structures

(00:38:05) - Surviving without a promote

(00:42:29) - Raising capital

(00:50:34) - Characteristics of a successful reporting memo

(00:53:43) - Managing the business weekly

(00:57:13) - Acquisitions people vs. asset managers

(01:02:12) - The 3 KPI’s that determine whether to pursue a deal

(01:06:57) - Acquisitions and investment size

(01:09:24) - Sourcing deals

(01:11:54) - Thoughts on debt

(01:13:35) - What’s your favorite hotel?