Case Study: a U.S. Public Pension Fund achieves a strategic off-market acquisition with RCLCO

U.S. Public Pension Fund closes 70-asset acquisition with RCLCO in April 2018

The U.S. Public Pension Fund, an institutional investor, engaged RCLCO Real Estate Consulting to structure a strategic, off-market acquisition. The challenge was to recapitalize a national apartment developer and operator in a way that established a long-term partnership, ensured strong alignment with the management team, and reduced investment costs with minimal fees and no "j-curve."

RCLCO implemented a multidisciplinary due diligence effort to underwrite the opportunity and mitigate risk across financial, operational, and legal matters. The solution included negotiating a win-win transaction that closed in April 2018. The client described the deal as a "game-changer," noting that the strong returns and strategic partnership wouldn't have been possible without RCLCO's work.

U.S. Public Pension Fund