Private Equity Real Estate Investment Leverages Retail Sector Expertise to Expand Footprint, Create Wealth for Investors

 

SAN JOSE, Calif. (July XX, 2015) — DJM Capital Partners, Inc., a private equity real estate and development firm, today announced that the company has closed its initial round of funding for its $200 million Single Tenant Net Lease Fund. Seasoned retail real estate veteran Robert (Bob) Brown joined the company last year as Senior Vice President/ Acquisitions to build DJM’s new NNN practice, and has led the charge on raising the fund.

“We’ve been able to swiftly raise capital for this fund, as investors clearly see the opportunity in the Triple-Net sector and – more importantly – because it’s a natural fit for our expertise,” says Brown. “The DJM Capital team is uniquely positioned to manage, course-correct, and value-enhance single tenant net lease assets, leveraging our proven success in financial engineering and redevelopment of larger, multi-tenant properties.”

DJM Capital Partners’ Single Tenant Net Lease Fund is focused on acquiring multiple-property portfolios with added value potential in premier, high-barrier-to-entry locations nationwide, with a primary focus on the West Coast, Texas, the Sunbelt and New England. Brown anticipates that capital deployment will be accomplished within the next 12 months, as DJM Capital has the experience, ability and capacity to identify and close on assets expediently.

“Bob Brown is exceptionally adept at understanding shifts in consumer shopping patterns and applying that analysis to discern and forecast market growth opportunities,” says D. John Miller, Founder and CEO, DJM Capital Partners. “In addition, Bob’s ability to navigate what can sometimes be a fractured and challenging owner pool – the reason many other funds avoid this sector – will position us for successful acquisitions.”

DJM Capital Partners has set itself apart in the commercial retail real estate investment space by finding creative solutions to complex situations involving underperforming or improperly capitalized assets. The firm believes that this skill set is especially critical in the NNN space, where DJM will unearth opportunities other firms miss and use their expertise to enhance and add value, thus moving assets from value-add to core or core-plus holdings.

“DJM’s Single Tenant Net Lease Fund expands opportunities for DJM’s private equity investors as well as institutional and other fund investors who now can diversify their portfolios from ground-up and redeveloped retail center properties to include Single Tenant Net Lease Retail with strong, existing credit tenants,” says Miller. “Further, it’s a natural evolution of DJM’s growth, as we engineer new and innovative ways to leverage our existing team’s refined process and expertise and apply it to these new opportunities.”

 

About DJM Capital Partners

DJM Capital Partners, Inc. is a private real estate equity and development firm based in San Jose, California.  With a core strength in retail combined with expertise in office and residential asset classes, DJM’s market knowledge and strategic acquisition of undervalued assets is represented by a current portfolio of approximately three million square feet with an estimated total portfolio value of $1 billion. www.djmcapital.com.

 


DJM Capital’s Bella Terra in Huntington Beach is Quickly Becoming an Innovative Southern California Dining Destination

 

With the Addition of New Restaurants Including Bondi Grill House, Solita, Eureka!, SPIN! Pizza, and Luna Grill, Bella Terra Attracts Foodies, Fashionistas and Film Buffs, Alike

Huntington Beach, Calif. (June 2014) – Southern California’s quintessential beach town is increasingly becoming the destination for the most unique and on-trend restaurants in Orange County with the latest developments at Bella Terra. Owned and managed by DJM Capital Partners, Bella Terra continues to offer new and exciting restaurants, retailers, events, and experiences, as it further enhances its position as one of Orange County’s premier shopping and entertainment centers. With the recent additions of new dining options, including Bondi Grill House, Eureka!, Solita, Luna Grill, and SPIN! Pizza,  Bella Terra now is making a name for itself as a foodie haven.

“We take pride in knowing that Bella Terra constantly showcases the newest, most relevant concepts in dining and shopping,” said Robert Miller, Leasing Representative for DJM Capital Partners at Bella Terra. “We are laser-focused on curating the tenant mix to attract leading names in retail and restaurants – ones that are highly acclaimed by both experts and guests.”

 

Latest Restaurants

The newest restaurant concept to open at Bella Terra is Bondi Grill House – the first US location of the iconic Australian restaurant. Bondi Grill House at Bella Terra specializes in chargrilled burgers, ribs, and steaks in authentic Australian marinades with South African and Asian influences.

SPIN! Pizza, which opened its third OC location at Bella Terra in mid-May of this year, is an authentic Neapolitan pizza restaurant experience with flavor-packed, fresh ingredients that are roasted daily in a stone oven. A foodie favorite, SPIN! Pizza, also serves fresh salads, homemade dressing, gelato and wine by the glass or bottle.

Another restaurant concept to recently open at Bella Terra is Luna Grill, which serves uniquely authentic Mediterranean cuisine, offering delicious and healthy food made with antibiotic-free and hormone-free meats and the freshest produce available. Opened in June 2014, the restaurant is set in a stylish, contemporary and inviting atmosphere at Bella Terra.

In March 2014, Eureka! joined the impressive dining options at Bella Terra, proudly featuring elevated American cuisine complemented by a beverage program featuring American craft beer, small batch whiskey, in-house aging barrels, and specialty cocktails with ingredients sourced from artisans throughout America.

Heating up the Bella Terra culinary mix since December, Solita is a sophisticated Mexican restaurant built around a custom wood grill, with cuisine and cocktails inspired by Baja California and Mexico.

“We are thrilled about the growth and evolution of Bella Terra into a wonderful gathering place for friends and families, colleagues and couples to shop, dine and be entertained – at any time of day,” said D. John Miller, Founder and CEO of DJM Capital Partners. “Our strategic redevelopment and leasing efforts at Bella Terra are emblematic of DJM Capital’s approach to place making – and the success of the center is powerful validation of our approach.”

 

About DJM Capital Partners

DJM Capital Partners, Inc. provides private equity investment, development and asset management services within the real estate sector.  With a core strength in retail combined with expertise in office, industrial and residential product types, DJM’s superior market knowledge and strategic acquisition of undervalued assets is represented by a current portfolio of more than two million square feet.  Additionally, a forward-looking development slate represents another 310,000 square feet with an estimated total portfolio asset value of over $1 Billion.  Finding creative solutions to complex situations involving underperforming or improperly capitalized assets, DJM creates incremental value through skilled branding and repositioning, architectural enhancement, savvy leasing and keen operational know-how.

www.djmcapital.com

 

About Bella Terra

Located just off of the 405 Freeway in Huntington Beach, California, Bella Terra is one of Orange County’s premier destination and residential lifestyle centers, encompassing more than 1 million square feet of open-air shopping, dining, and entertainment.  At Bella Terra, guests stroll through charming plazas adorned with splashing fountains and lush landscaping, selecting from more than 70 shops, outdoor cafes and restaurants. Entertainment abounds at the outdoor ampitheater, events pavilion and at the 20-screen Century Theatres Multiplex. Highlight retailers and restaurants include Whole Foods Market, Cheesecake Factory, Kings Fish House, REI, Barnes and Noble, Solita, Bondi Grill House, Eureka! and a 155,000-square-foot Costco. In addition to its wealth of shopping, dining and entertainment amenities, Bella Terra features 467 luxury apartment homes surrounding a one-acre park. Bella Terra is owned and operated by DJM Capital Partners, Inc.  For more information, please visit www.bellaterra-hb.com.

 


Private Equity Real Estate Investment Firm Taps
NNN Expert Robert Brown to Lead New Practice, Acquisitions
                                                  

SAN JOSE, Calif. (April 22, 2014) — DJM Capital Partners, Inc., a private real estate equity and development firm, today announced that the company is applying its industry leading, value-add approach to a new arena – Single Tenant Net Lease Retail (NNN).  Seasoned retail real estate veteran Robert (Bob) Brown will lead DJM’s new NNN practice, as well as helm the company’s overall acquisition effort, in his role as Senior Vice President – Acquisitions.

“We’ve considered for some time expanding our footprint of investment opportunities and providing a current yield option for our partners,” says DJM Capital Partners Founder and CEO, D. John Miller. “With our proven track record and our recent successful recapitalizations, the time is right to add a Single Tenant Net Lease Retail Division and we’ve hired one the industry’s top experts – Bob Brown – to lead the charge.”

Brown will leverage more than 15 years’ experience in retail real estate investments and oversee all aspects of the acquisition and evaluation process for DJM Capital Partners across its specific asset classes. Prior to this new position, Brown was the Chief Investment Officer for A&C Ventures, where he spearheaded the acquisition and financing of a $600 million portfolio of Single Tenant Net Lease properties. Brown will be based in DJM’s Sonoma, California office with Russ McNeill, Senior Vice President-Equity Funding.

“DJM’s competitive advantage lies in finding creative solutions to complex situations involving underperforming or improperly capitalized assets,” says Brown. “In the NNN space, the key is to unearth opportunities that other people miss – and DJM is ideally positioned to identify and add value to these assets. Our firm’s continued focus will be on retail, and we will capitalize on our existing tenant relationships to succeed in the NNN space.”

The move also enhances opportunities for DJM Capital Partners investors, who now can diversify their portfolios from ground-up retail center properties to Single Tenant Net Lease Retail with strong credit tenants. To date, DJM’s acquisition and development focus has been trained on desirable California coastal locations; the firm can now broaden its geographic horizons.

“We will be acquiring multiple-property portfolios in premier, high-barrier-to-entry locations,” says Brown. “The NNN practice will reach nationwide, with a primary focus on the West Coast, Texas, the Sunbelt and New England.”

“DJM is based on a nimble, opportunistic investment methodology that thrives on complex deals and distressed circumstances,” says D. John Miller.  “We have a history of seizing opportunities that others miss, and see ourselves as long-term players seeking to buy, improve and hold assets to build value over time.”

 

About DJM Capital Partners

DJM Capital Partners, Inc. is a private real estate equity and development firm based in San Jose, California.  With a core strength in retail combined with expertise in office and residential asset classes, DJM’s market knowledge and strategic acquisition of undervalued assets is represented by a current portfolio of approximately three million square feet with an estimated total portfolio value of $1 billion. www.djmcapital.com.

 


Innovative Retail Development Firm, DJM Capital Partners, Takes the Helm to Thoughtfully, Tastefully Create a Special Place for Newport Beach Locals and Visitors Alike

NEWPORT BEACH, Calif. (January 23, 2014) – DJM Capital Partners, a private equity investment, development and asset management firm specializing in the retail sector, today announced that it will begin work to restore Lido Marina Village in Newport Beach, starting in February 2014. The San Jose, Santa Barbara, and Orange County-based firm, known for its successful reinvigoration of the Bella Terra retail and residential center in Huntington Beach, will redevelop the Newport Beach landmark so that it once again becomes a highly appealing shopping, dining, and marina destination for locals and visitors alike.

“We acquired Lido Marina Village in 2012 with the goal of bringing it back it to its original charm and vibrancy,” says DJM Capital Partners President Lindsay Parton. “Although the project had, in the hands of previous ownership, been allowed to languish, our firm saw the potential to revitalize Lido Marina Village, making it a special place that captures the casual, sophisticated charm that Newport Beach has always offered.”

First developed in 1971, Lido Marina Village was originally conceived as a small and inviting pedestrian-friendly village for shopping, dining, and marina activities in the heart of world-renowned resort city of Newport Beach. Capitalizing on Lido Marina Village’s idyllic coastal location on Newport, DJM Capital Partners is carefully and respectfully restoring the area to bring out much of its original personality and charm.

“Our Lido Marina Village Team has spent more than a year in the area, immersing ourselves in the history and community, to ensure that we offer local residents and visitors something that caters specifically to their tastes and desires,” says Parton. “To create this environment, we will make subtle yet important changes to upgrade the buildings, interior streets, storefronts, hardscape, landscaping and lighting. We also will be upgrading the docks and decks on the marina side, to take advantage of the project’s amazing location on the water and to restore the entire Village to the quality it deserves.”

The first phase of work at Lido Marina Village is set to begin in January 2014 and is anticipated to be complete in early 2015. At that time, the newly re-imagined Lido Marina Village will be unveiled, featuring a hand-selected, modern mix of casual-luxe eateries, boutiques, and shops not currently over-exposed in Orange County. The upgrading of the project’s marina will comprise the second phase of the plan, and is anticipated to be complete by July 2016. This will set the stage for waterside restaurants, shops and leisure experiences to take advantage of the magnificent waterside docks, decks and views.

“The re-imagining of Lido Marina Village is already generating a lot of excitement in the retail and food communities,” said Heather Hollister, DJM Capital Partners Senior Vice President of Leasing. “Our highly selective and strategic leasing plan for Lido Marina Village will ensure that we curate an upscale mix of offerings that are modern, fresh, and also fun. Visitors to Lido Marina Village can expect a collection of restaurants, cafes and artisan food purveyors, as well as shops featuring fashion, home décor, gifts, books, and much more.”

For more information on Lido Marina Village, please visit www.djmcapital.com.

 

About DJM Capital Partners

DJM Capital Partners, Inc. provides private equity investment, development and asset management services within the real estate sector. With a core strength in retail combined with expertise in office, industrial and residential product types, DJM’s superior market knowledge and strategic acquisition of undervalued assets is represented by a current portfolio of more than two million square feet. Additionally, a forward-looking development slate represents another 310,000 square feet with an estimated total portfolio asset value of $1 billion.

Finding creative solutions to complex situations involving underperforming or improperly capitalized assets, DJM creates incremental value through skilled repositioning, architectural enhancement, savvy leasing and keen operational know-how.www.djmcapital.com.


Re-development and Re-vitalization of iconic retail village and marina planned by DJM.

DJM Capital Partners, Inc. announced its recent acquisition of the approximately 123,000 square foot waterfront retail center, Lido Marina Village, from Vornado Realty Trust in an off-market transaction. Concurrently, DJM also acquired the fee interest in one of the ground leases that the property sits on. DJM will embark on a strategically planned re-vitalization effort for the entire property, including the 50-boat slip marina. Efforts to attract a dynamic and upscale mix of new retail and restaurant tenants is already underway on the more than half-vacant property, DJM’s latest addition to its growing portfolio of well-located California retail centers.

Vornado Realty Trust, one of the largest owners and managers of commercial real estate with a portfolio of over 100 million square feet primarily located in the New York and Washington DC areas, initially acquired the property with a JV partner in hopes of creating a whole new project. When the JV partner defaulted on the loan while managing the property and let it languish, Vornado bought them out. However, with Vornado’s recent decision to divest themselves of non-conforming portfolio assets, DJM saw an opportunity to strike an off-market deal and bring their strong expertise in retail re-development and enhancement into play.

“This is right in our sweet spot,” noted Lindsay Parton, President of DJM Capital Partners. “We look for opportunities in great coastal communities with strong demographics, and this property couldn’t offer better surrounding geography or customer profiles. The local community has wanted this property upgraded for years, and our intention is to make it the re-imagined jewel the locals have desired for a long time. If we listen to the locals and get it right in the ambience and tenant mix, this can become one of the most successful properties in our portfolio.”

Embarking on an imaginative and market-sensitive design and leasing effort, DJM is hiring a dynamic team of creatives across various disciplines to re-imagine and re-interpret Lido Marina Village in a “smaller is better”, high-touch way that will feel crafted and curated rather than designed and developed in the way a larger, more conventional shopping center might be undertaken. “This will be a sophisticated, fashionable yet family-friendly and casual place,” says Parton. “We are being very careful about the leasing at Lido – Orange County already has lots of great retail and we are committed to bringing something very new to this project.  We’re thinking ‘place’ rather than ‘project’, with every small detail being critical.  Creatively, it’s one of the more exciting opportunities we’ve undertaken at DJM, and our team’s level of excitement is off the charts. We’re grateful our initial leasing efforts are showing us the retail and restaurant communities feel the same way!”

“We’re thinking ‘laid-back luxe’ for the DNA of our tenant mix at Lido”, adds Heather Hollister, Sr. VP of Leasing for DJM. “With incomes and demographics like this, not only can we attract the finest merchants and restaurateurs out there, it’s imperative that we do so.  We’re not looking for tenants who are over-exposed in the market, we are looking for a truly upscale and eclectic group of boutiques and eateries that will make this place a magnet and special destination not offered in Orange County currently.”

DJM’s approach is to create approximately 120,000 square feet of boutique retail, waterfront dining and creative office space, set in a pedestrian-friendly village setting. With the 50 boat-slip marina at the core of the property, the docks and decks allow an opportunity to upgrade the entire village and marina to attract upscale stores and restaurants to occupy desirable, waterside space.

Lido Island is home to almost 2,000 residences with home prices from $1.5 to $15 million, and the local area boasts some of the highest incomes and most picturesque ocean and bay front property in Southern California.

 

About DJM Capital Partners, Inc.

Founded in 1992 by D. John Miller, DJM Capital Partners, Inc. is a leading private equity real estate investment group that focuses on enhancing and increasing value on undercapitalized and underperforming real estate assets. Providing its own development, rebranding, leasing, and asset management services, the company’s expertise spans various product types. DJM’s West Coast portfolio is valued in excess of $1 Billion. Known for its aggressive growth strategy and opportunistic, entrepreneurial investment approach, DJM specializes in identifying commercial properties throughout California and deploying its skilled team to create value and provide attractive returns for investors and partners. Additional information is available at www.djmcapital.com.

 

Contact:
Linda Berman
DJM Capital Partners
626-395-7545