HISTORY
Since 1993, SPECIAL SITUATIONS, LLC and its affiliated companies have invested in and realized on over 200 distinct transactions aggregating over $4 billion of value with outstanding results.
Senior SPECIAL SITUATIONS, LLC executives have over 30 years of experience in real estate brokerage, development, property operations, construction, financial services and capital markets. Our decision makers started from the ground up in commercial brokerage and construction. We understand what tenants want and understand how to structure transactions that will satisfy a tenant’s objectives while enhancing value in our projects and for our investors. We have the ability to quickly evaluate leasing, acquisition, and development risk with underwriting criteria that is grounded in a mastery of market conditions.
Experience & relationships
OUR ABILITY TO IDENTIFY OPPORTUNITY IS A FUNCTION OF EXPERIENCE AND RELATIONSHIPS.
We have developed life-long friendships and relationships with the investment, brokerage and construction industries. The Principals of SPECIAL SITUATIONS, LLC along with key SPECIAL SITUATIONS, LLC team members nurture and cultivate these relationships. This accounts for our ability to consistently capture more than our fair share of deal flow and deliver complicated capital intensive projects on time and on budget.
SPECIAL SITUATIONS, LLC also has outstanding relationships in the commercial lending, investment banking and capital markets arena. We are equally comfortable with balance sheet lenders or a CMBS execution. This dexterity has enabled us to develop ideal debt structures for each transaction and achieve crisp execution at closing. SPECIAL SITUATIONS, LLC is well regarded as a sponsor with a solid reputation within the lending community. During times of capital market illiquidity, these relationships have enabled SPECIAL SITUATIONS, LLC to obtain competitive financing for transactions when others have been effectively shut out of the market.
SPECIAL SITUATIONS, LLC values the relationships we have with our capital partners. Given the number of transactions consummated and the dollar volumes involved, SPECIAL SITUATIONS, LLC has had relatively few capital partners over the years. We strive to understand the unique blend of risk and returns preferred by each partner then seek transactions likely to achieve those investment goals. This has generated repeat business with all of our partners and fortified their confidence that SPECIAL SITUATIONS, LLC is an outstanding managing member and operating partner.
Manage risk
OUR MISSION IS TO CREATE VALUE, BUT THIS GOAL IS ALWAYS BALANCED AGAINST A BACKDROP OF MANAGING RISK.
As the managing member and operating partner of the transaction, we take our fiduciary responsibility seriously. Our transactions are capitalized with moderate debt levels, sufficient interest, capital and leasing reserves and appropriate levels of working capital to assure sufficient liquidity. We underwrite the credit of our prospective tenants carefully, seeking appropriate lease security when necessary. We execute an exhaustive property level due diligence process, utilizing both our own highly experienced in-house team and industry leading third-party resources. We carefully manage our casualty and liability insurance programs with negotiated insurance contracts to provide industry leading coverage at competitive pricing levels. Managing risk is the least glamorous aspect of what we do day-to-day but one of the most critical components of our continued, consistent success during all phases of the market cycles.