In 2010, co-Founders Mark Hammond, Geoff Langdon, and Steve Faliski raised Fund I as an investment vehicle to capitalize on their collective investment experience, identifying real estate market fragmentations with the potential for generating significant returns. Fund I successfully invested in a diversified pool of real estate assets weighted toward multifamily residential projects poised for re-positioning after the global financial crisis.
Following the initial success of Fund I, Alidade Capital launched Fund II. Combined with additional capital from Fund I, Fund II invested in a diversified pool of real estate assets weighted towards Industrial and R&D Flex properties in select markets. Investments capitalized on the resurgence in automotive and manufacturing industries in the markets identified by Alidade Capital.
Alidade Capital’s investment team identified further market fragmentations, exploiting market conditions and opportunities. Sensing the ability to acquire properties being artificially undervalued, Alidade Capital launched Fund III, weighted towards investments in R&D Flex properties in select markets. Fund III acquired many properties in secondary markets with what are believed to be strong underlying fundamentals. As with prior acquisitions, Alidade Capital was able to purchase what it believes to be highly desirable assets below replacement cost.
Fund III became fully invested in late 2016, having completed $169.8 million through the acquisition of 36 assets. Alidade Capital launched Fund IV in 2017. Fund IV employed the same investment philosophy as the prior funds, utilizing data driven research to target attractive opportunities throughout select secondary markets. In 2018, Alidade Capital successfully raised Fund IV, achieving its target of $150 million in equity.
Fund IV became fully invested in 2020. To date, Fund IV has completed $332.3 million through the acquisition of 27 assets. Alidade Capital launched Fund V in December 2020. The firm’s team of investment professionals will target geographic markets that are believed to have strong real estate, economic and demographic fundamentals, underscored by the resources necessary to attract high growth industry segments. Alidade Capital maintains its strategic focus on repositioning and creating value in the R&D Flex property category, including laboratory space, specifically targeting tenants in the technology and life sciences sectors.